Real Estate Specialists of Orange County

For last two years, a major portion of my business came from selling REO Bank Owned properties in Orange County CA. The toughest part of the whole assignment is to go to someone’s home and tell them that they no longer own their home and need to move out.People react differently each time, from helplessness, hopelessness expression to ...

Jan 2009 - July 2009Many people wonder about the current conditions of Real Estate Market in Orange County CA. Here is the synopsis of last seven months Real Estate Activity. On the average, there has been a rise in the price particularly in median to lower price range home where there is a bigger pool of first time buyers and investors. Even ...

Sept. 2007 Unusual Month or Moment of Relief For Foreclosure Turmoil It is the first time in last twelve months, that foreclosure curve for Orange County CA Real Estate had turned its direction. Although, it is premature to say if it is just an isolated monthly statistic or an early sign of stability but for sure it is reassuring There are ...

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 increase in home prices due to an ample availability of money. Towards the ...

 Number of default properties in Orange County CA keeps on creeping up significantly every month, April 2007 being the highest when compared to last few years.  April 2006 there were only 480 homes in default. We do not expect any decrease in these numbers any time soon as we have yet to see the effects of tightening lending practices ...

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 have top notch financial ad visors, ...

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 the 4th quarter, but in 2006 this trend started as early as as the end of ...

 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 are not in line so this increase would need to be much higher for people to afford ...

Here are the results for the 4th Quarter of 2006 for Orange County Notices of Default and Notices of Sales Combined.       Month      Default PropertiesOct-06814Nov-06955Dec-061078 See a detailed graph at http://www.namneet.com/Real_Estate_Pulse/page_1674546.html

How deep and how fast? By Namneet DhaliwalOrange County RealtorDecember 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 persists through year 2007; this depth will become very ...