Still a Slippery Slope By Nameet Dhaiwal Realtor Orange County CA September 15, 2007 Almost a year ago, default notices and trustee sales notices started to rise. Home sales were slower in 2006 as effects of decreased affordability caused by a sudden
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Who is to Blame? Lenders are tightening their underwriting guidelines, requiring increased FICO scores for qualification, getting rid of sub-prime loans, but for now it is too late in the scheme. It was surprising to see that big lending companies, who
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As Orange County Real Estate enters the slow sales era, a number of expired home listings for the 4th Quarter of 2006 have become record high as compared to the last four years of real estate boom. Historically, number of expired listings increase toward
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Despite of 6.3% increase in OC job earnings, it is still not affordable for most of blue collar workers. Even though it is above national inflation, but that inflation does not cover the housing expense for the owners. So the home pricing and the inflation
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Here are the results for the 4th Quarter of 2006 for Orange County Notices of Default and Notices of Sales Combined. Month Default Properties Oct-06 814 Nov-06 955 Dec-06 1078 See a detailed graph at http://www.namneet.com/Real_Estate_Pulse/page_1674546.htm
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How deep and how fast? By Namneet Dhaliwal Orange County Realtor December 20, 2006 One may see the effects of housing slow down on the surface as being a shift to the slower sales and some shift in the pricing. Actual effects are deeper and if the slowdown
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