Foust Team Real Estate Blog
Current, relevant, and insightful topics on real estate in North Orange County, Fullerton, Brea, Anaheim, Yorba Linda, La Habra, La Mirada, and Placentia.
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2009
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OK, this is one of my favorite questions. The reason I like it so much is that it gives me a chance to "preach" about the way the world should work (according to Bob), at least about how property ownership should work. Refinancing a home is a serious decision, not to be taken lightly or often. ...
05/28/2009
Fullerton real estate must be leading the way - not necessarily the right way. To buy a REO home now in Fullerton requires multiple bids by many buyers, not what we really want. The key word we are looking for is "STABILITY" -- not panic buying and not zero buying. We just keep supporting the ...
05/26/2009
As of just today the REO bank owned homes in Fullerton are quickly disappearing. At this time we only have 22 homes in all of Fullerton that are bank owned and on the market. Of these , only 8 are single family residences, while the remaining 14 are all condos. This is an amazing turn of event...
05/22/2009
All cash buyers appear to have a great advantage in this market. Yes the Sellers seem to prefer all cash, thinking that it will go easily, but they can be very wrong. All cash buyers in many instances are bidding on more than one property at a time. We have seen many all cash buyers drop out v...
05/17/2009
FOUST Team Listing Will Be Featured in LA Times Just a quick heads up that one of our listings in the city of Whittier, CA will soon be featured in an upcoming article on real estate in the area. The listing is this 3 bedroom 2 bath 1800 square foot home in the popular Morningside community. Th...
05/17/2009
At the bottom end of the price scale it is very hot. Both condos and single family homes in Fullerton and other North Orange County cities are literally "jumping " off the market and into escrow. Multiple offers are very common place now, and it may just get worse with very few new bank owned ...
05/17/2009
As of today the entire city of Fullerton has only 25 REO (bank owned) homes listed for sale. That is a record drop, from recent historic high levels. Bargain hunters have been picking up these REO homes aggressively in the last two months. Supply of these bargains is most likely to continue to...
05/12/2009
Today we have only 16 REO homes in La Habra for sale -- that is way down from recent historic high levels. Buyers are gobbling up these bargains in record numbers and at record rates. It is very common now to have multiple offers on REO property and the banks are closing the deals. Fixers and ...
05/12/2009
Are we at the bottom, where all of the buyers want to buy? This is not an easy question. Do we mean at the bottom of prices, at the bottom of sales, at the bottom of interest rates, or at the bottom of available property? I track available listing inventory in Fullerton Ca to use a an indicato...
05/09/2009
Rainmaker
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Robert Foust
North Orange County | Fullerton Real Estate | Brea
Real Estate Resources
Comprehensive real estate information for sellers, buyers, and investors. Local experts for Fullerton, Anaheim, Brea, La Habra, La Mirada, Placentia, Yorba Linda, Orange, and other North Orange County areas. Another team blog is at www.foustonline.blogspot.com .