Joseph & Cheryl Melendez's (melendezteam) Blog

Up with the Down Payment   Sen. John McCain of Arizona, the presumptive Republican nominee, proposed something last week that no other major presidential candidate has advocated in decades: raising minimum down-payment levels for home mortgages.That would mean no more zero-down deals. No more "pi...

HOME PRICES ROLL BACK TO 2004 LEVELS... Sales data for the first quarter has arrived and for March specifically, prices have hit the 2004 watermark.  That means the median price is down almost 20% from a year ago.  Both the Los Angeles Times and the Orange County Register reported the Dataquick f...

PRICES ARE DOWN, BUT SALES ARE UP... The next paragraph will have the exact numbers of sales which will still be down from the previous year, but up from the previous month.  The fact is sales are way up from February.  March sales (the latest month available) in Los Angeles, Orange, Ventura, San...

BUYING BANK OWNED, FHA LOANS AND THE WHOLE ENCHILADA... There is a lot of conflicting information out there.  Have foreclosures peaked?  Maybe not everywhere, but Orange County is getting close.  The banks took possession of 698 properties in March, down 4% from February and down 13% from January...

HOME PRICES ROLL BACK TO 2004 LEVELS... Sales data for the first quarter has arrived and for March specifically, prices have hit the 2004 watermark.  That means the median price is down almost 20% from a year ago.  Both the Los Angeles Times and the Orange County Register reported the Dataquick f...

  The longer that I am in the business (now in my 3rd year) I discover contacts in social settings that chose not to use me as their REALTOR®.  Some are mere acquaintances, while others could be classified as friends.  When someone tells me that they used another agent, I have heard every excuse ...