Joseph & Cheryl Melendez's (melendezteam) Blog

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Real Estate Agent - Coldwell Banker Excellence - CalBre#01517694/ 01429652

ARCHIVED BLOG POSTS

2008 

  Has anyone not noticed the cost of gas and milk has topped $4.00 a gallon? There is a growing chorus of voices chanting the "Inflation Is Here" mantra. Even though the White House and Federal Reserve are not quite ready to join in, the facts are prices in many sectors of the economy are on the ...
06/30/2008
The latest Housing Starts and Building Report has economists convinced that the U.S. housing crunch has not reached its end. "U.S. housing starts have left no doubt that the housing crunch is still in full swing," according to Dimitry Fleming with ING Wholesale Banking. "Home builders have now c...
06/24/2008
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The housing crisis grew worse in May, as more than 73,000 American families lost their homes to bank repossessions, up a staggering 158% from the 28,548 households that were dispossessed in May 2007. Foreclosure filings of all kinds, including default notices, notices of sheriff's sales and bank ...
06/18/2008
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The housing crisis grew worse in May, as more than 73,000 American families lost their homes to bank repossessions, up a staggering 158% from the 28,548 households that were dispossessed in May 2007. Foreclosure filings of all kinds, including default not...
06/18/2008
Investors in second or multiple homes stand to be among the biggest losers from the housing downturn. That’s because proposed mortgage bailout programs don’t address second homes and investment properties. Many owners of multiple properties don’t realize that investments they thought would help ...
06/17/2008
When the market has a "normal equilibrium", unsold inventory approaches a five month's supply. But the housing market is dynamic with many factors influencing the flow of unsold inventory, marketability, and sale of homes. "Normal" is difficult to identify let alone explain. Supply Side - Where ...
06/16/2008
Federal Reserve - On housing sector and creditFed Governor Randall Kroszner recently said the U.S. housing sector will gradually recover as an excess of home inventory is reduced. So far this year banks have raised $80 billion in capital, according to Kroszner. "While the recent ability of many ...
06/10/2008
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Fannie Mae - On housing pricesAt their recent annual shareholders meeting in New Orleans Fannie Mae's president and CEO, Daniel Mudd said he expects U.S. home prices to fall as much as 25% from their highs of mid-2005. Fannie Mae expects losses from defaulted mortgages to worsen in 2009. Comment...
06/10/2008
   GREAT Media News    If you don't already have one, go out and get a copy of the Orange County Register today.  Go to the Marketplace section on page 11.  GREAT article on the demand for Orange County homes now being above the 2006 demand.  The article also states the "market time" or time it w...
06/03/2008
WHAT WERE THE ACTUAL NUMBERS...  The total number of sales was 2,166 for all properties including single- family resale, condominiums and new homes.  The median price hit $500,000 and the median price for a condo was $390,000.  The most significant of the numbers is where the sales fall by price ...
06/02/2008
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