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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 ...
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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 ...
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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 ...
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By Namneet Dhaliwal, Realtor
August 1, 2007
July 2007 marks as the worst month for notices of default and trustee sales in past 12 months. There were total of 1800 homes owners who got these notices. Although a small margin of error is possible due to some duplication.
Majority of these homeowners may not end up loosing their homes. However ...
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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 have top notch financial ad visors, ...
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[calendar:2007-02-25 2007-02-25] Brea West, Brea - We invite everyone to visit our open house at 1524 Kinsler Ct. Brea CA- on February 25 from 1:00 AM to 4:00 PM.
Property information
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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 the 4th quarter, but in 2006 this trend started as early as as the end of ...
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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 are not in line so this increase would need to be much higher for people to afford ...
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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 PropertiesOct-06814Nov-06955Dec-061078
See a detailed graph at http://www.namneet.com/Real_Estate_Pulse/page_1674546.html
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Happy New Year to all the readers My New Year professional resolution is to take my professionalism to the new heights. To The Real Estate Community: As real estate professionals it is not only our job but a professional responsibility to guide our clients about their affordability limits. Every one on the earth would ...
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