Newport Beach, CA Real Estate News

93% of your clients prefer... Travel over any other incentives (even cash)!!! Imagine being able to send every client you close a transaction with on a vacation. Or walking into your next sales meeting and telling your sales force that the top producer for the month is going to Vegas for 3 days to recharge his or her batteries. Do you think that would increase your bottom line business?  
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By Suzanne Horsburgh
(Buy America Real Estate Services)
 The next 6 months will be the sweet spot for purchasing. I suggest you take time to finish your financial house keeping. Pay off bills, Pay any liens or judgments, and limit your spending over the holidays.The best plan is to have a pre-approval, before you go house hunting. That will take all the uncertainty out of the experience.NAR is trying diligently to persuade the Senate to increase the FHA and Fannie Mae loan limits, before the end of the year.The Feds may have to lower the discount rate, one more time, this year. When you add all the factors together.....there is likely to be a tsunami of purchasing going on in 2008. Get their first!Life isn't about waiting for the storm to pass,  it's about learning how to dance in the rain!!  
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Real Estate NewsThousands and Thousands of Home Buyers are still seeking HOMES Every Day!Look at every home that's for sale. Each and every one of those are home buyers too in the near future. And for every new couple and every new addition to the family, they will be seeking another home now and/or in the near future.So, the cycle of home selling and buying will continue. Not as fast in the past, but it will continue!No matter what the media says about the real estate market, there are millions of people looking for homes to purchase. And good Realtors are writing up purchase agreements for those buyers every day.Let's Get it ON!Just DO IT!Buy or Sell a Home Today!Optimism is in my blood! I have Attitude of Gratitude and that's what I teach my Twins. www.ISLAND-LOVERS.comOPTIMISM is co...
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By Michael Dean
(First Team Estates - Newport Beach)
When Captain Samuel S. Dunnells successfully steered his 105-ton river steamer Vaquero through upper Newport Bay in 1870, James and Robert McFadden rushed from Northern California by stagecoach to mark the inaugural voyage.Dunnells' trip cast new light on the bay, which many had said was too treacherous for travel. But the principal landowners in the area - the McFadden brothers and James Irvine - thought they had something after Dunnells' trip. A "new port," they mused, and the name stuck, according to the Newport Beach Historical Society.More than 100 years later, Newport Beach's harbor is crowded with pleasure, fishing and tour boats, and its streets are busy with shoppers browsing at Fashion Island mall, tourists enjoying Balboa bars on Balboa Island and surfers tackling The Wedge ...
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By Kevin Hollingsworth, Kevin Hollingsworth Newport Beach Realtor/Notary
(MJC Realty Inc.)
    The One One Committee is hosting a golf tournament this year, it will be held at the Newport Country Club, along with a charity auction.  Dan Marcheano assures me that Golf Tournament will be one of the best events of the year.  The community has always shown great support for the Marines, and this event is no exception. The local hotels are helping out donating rooms for the Marines and their families.  The local wineries are helping generously, and as always, the community is donating items for the charity auction.   This Tournament is being held in place of "Mess Night" which was a charity event held for the Marines of the "1st Battalion - 1st Marines" of Camp Pendleton each year. It served around 500 people, 200 of which are Marines (at no cost to them). The One One committee ho...
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Home Inventory Newport Beach, CA - Here is the most Up To Date Market Trends for Newport Beach. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers. THIS WEEKThe median single family home price in NEWPORT BEACH this week is $2199000.Even though the days-on-market is trending higher, so is the Market Action Index at these inventory levels, providing a neutral outlook for the market.PRICEThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.SUPPLY AND DEMANDLocal conditions are currently quite strongly in the Buyer's Market zon...
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By Hayden Gerson
(HPM Financial LLC)
In the last year over 100 mortgage lenders have gone out of business due to the "mortgage meltdown" as most of you might now it is getting much more difficult to qualify for mortgages in Newport Beach. The reason it is difficult to qualify for your Newport Beach mortgage is because guidelines have changed drastically. Even reverse mortgages in Newport Beach are getting harder to qualify for, leaving many looking for a honest mortgage company in Newport Beach.Since many mortgage brokers in Newport Beach are going out of business, and others are not able to get you qualified, you need to call a reputable company to help you with your home mortgage in Newport Beach. We here at America One Mortgage Group are a national company headquartered out of Southern California. We have offices in man...
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Here is the most Up To Date Market Trends for Newport Beach. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile(TM) is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers. THIS WEEKThe median single family home price in NEWPORT BEACH this week is $2197000.The Market Action index has been trending down lately, while days-on -market is climbing, providing mostly bearish signs for the market.PRICEDespite this week's up tic, the market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this shift.SUPPLY AND DEMANDLocal conditions are currently quite strongly in the Buyer's Market zone (below 30). The ...
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By Suzanne Horsburgh
(Buy America Real Estate Services)
Pent-Up Demand Will be UnleashedConsider this - four million net job additions in the past two years during the housing marketslump. Yet, home sales have fallen. As home sales fell, people doubled and tripled up becauseapartment rents increased at their highest pace in five years. These people are waiting to buy ahome. Then there are the approximately two million marriages that occur each year. Thosenewlyweds are waiting to buy a home. About four million babies are born each year - forcingsome families to consider trading up from a smaller house or condo to a larger Information provided by NAR 10/05/2007
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By Suzanne Horsburgh
(Buy America Real Estate Services)
  Any solder who wishes to start their own company, and needs financial assistance, can, if qualified receive funding through SBA.  For more information, please go to their website: http://www.sba.gov/ 
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By Suzanne Horsburgh
(Buy America Real Estate Services)
FHA Reform passes House and Senate Banking Committee In the month of September, both the House of Representatives and the Senate Banking Committee passed versions of an FHA reform package that NAR has been strongly supporting for several months. The House version, entitled "Expanding American Homeownership Act of 2007" passed with a strong majority of 348-72, and includes provisions that would eliminate the 3% down payment requirement, increase the loan limits, streamline condominium purchases, and eliminate the cap on Home Equity Conversion mortgages (HECMs). The House bill also includes provisions for a National Affordable Housing Trust fund, and provisions allowing risk based pricing on FHA insured loans. A similar, but not as far reaching, bill passed the Senate Banking committee bu...
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By Suzanne Horsburgh
(Buy America Real Estate Services)
Start by shoring up your credit.Since you most likely will need to get a mortgage to buy a house, you must make sure your credit history is as clean as possible. A few months before you start house hunting, get copies of your credit report. Make sure the facts are correct, and fix any problems you discoverDon't buy if you can't stay put.If you can't commit to remaining in one place for at least a few years, then owning is probably not for you, at least not yet. With the transaction costs of buying and selling a home, you may end up losing money if you sell any soonerDon't worry if you can't put down the usual 20 percent.There are a variety of public and private lenders who, if you qualify, offer low-interest mortgages that require a down payment as small as 3 percent of the purchase pri...
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By Suzanne Horsburgh
(Buy America Real Estate Services)
It really is becoming a better time to buy a home. Over the past two days, actions by both houses of Congress to reform FHA programs, and the Federal Reserve to decrease interest rates, should make borrowing more affordable and money more available. With reduced housing prices and increased housing inventory, interest rates that are near historic lows, and now with Fannie's and Freddie's increased ability to lend, we may see positive movement in the housing market," said Combs  Information provided by: The National Association of REALTORS®, "The Voice for Real Estate," is America's largest trade association, representing more than 1.3 million members involved in all aspects of the residential and commercial real estate industries. 
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Newport Beach Real Estate Market Trends, Sept 24. 2007 Here is the most Up To Date Market Trends for Newport Beach. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile(TM) is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers.    THIS WEEKThe median single family home price in NEWPORT BEACH this week is $2175000.The Market Action index has been trending down lately, while days-on -market is climbing, providingmostly bearish signs for the market.PRICEThe market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.SUPPLY AND DEMANDLocal conditions are currently quite strongly in the Buyer's...
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I am sure you will agree being at the right place at the right time happens very rarely.  It is my great pleasure to inform you that Mr. Bernanke, Federal Reserve chairperson has lowered the prime by .50 basis points and there is an expectation of further reductions in the months ahead.                              This is the time to analyze your credit position. By doing so now, will allow you to take full advantage of the interest rate reductions in the near futureThis rate reduction will lower your monthly payment on homes loans and  lines of credit. The prime rate has been reduced to 7.750%I
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Here is this weeks open house list for Newport Beach. This is just a handfull and I have the complete list of Open House Homes in Newport Beach this weekend. Email bob@thinkfreerealty.com or call and I will email you the full list for any city you want in OC. Free and of course no obligation. 1627 E Balboa Blvd 2, Newport Beach, CA 92661 Price $1,699,000 Bed 3   Baths 2 Details hereAn extraordinary Peninsula Point condominium completely remodeled in 2001. This upper unit features a bright & open living room with vaulted ceilings, fireplace & balcony. The large, gourmet-style kitchen is appointed with granite counters & stainless steel appliances. The private master suite with spacious sundeck features an elegant built-in office with the latest in high-tech sophistication. Enjoy living t...
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Here is the most Up To Date Market Trends for Newport Beach. Each week we take a snapshot of the market. This Altos Research Real-time Market Profile(TM) is the most up-to date market information available. The Profile shows you not only pricing and market numbers, but also trends in those numbers.      THIS WEEK The median single family home price in NEWPORT BEACH this week is $2192000. Days-on-market has been trending up recently but the Market Action Index and inventory levels are basically flat and not providing strong indications for the market. PRICE The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend. SUPPLY AND DEMAND Local conditions are currently in the Buyer's Market zone (below 30), though ...
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By Suzanne Horsburgh
(Buy America Real Estate Services)
Bush Announces FHA-Secure Plan to Assist Subprime Borrowers On August 31, 2007, President Bush announced a new initiative called FHASecure, which will give the Federal Housing Administration (FHA) flexibility to help more families keep their homes in light of the decline of the subprime market and impending interest rate adjustments affecting numerous borrowers in both the subprime and Alt-A markets. The FHASecure program will help people who have not made all of their payments on time because of rising mortgage payments but who otherwise have good credit. NAR applauded President Bush's statement of support for giving homeowners greater flexibility to refinance their loans through the FHA. At a white house conference call on the initiative, the administration specifically signaled out N...
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By Evan Little, Eco, Live/Work, Sales and Management
(Surterre Properties)
Banning Ranch is located along the Santa Ana River and Pacific Coast Highway, and is 412 acres of wetlands and adjacent bluffs and mesa. This property has escaped the residential development that is characteristic of much of Newport Beach and Huntington Beach due to its use for oil production. Banning Ranch is the largest piece of privately held open space in the West Newport Beach area. From the mesa on Banning Ranch, one has a beautiful panoramic view that stretches from the Santa Ana River to the Pacific Ocean. One can see Catalina Island, and enjoy cool ocean breezes. There is coastal sage scrub and Banning Ranch is the home to a plethora of wildlife including endangered species. Banning Ranch serves as a link between publicly owned open spaces on all sides. To the west of Banning R...
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