San Clemente Area Market Report  This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.2 percent, for new homes it is up 3.6 percent and for resale condos up 4.6 percent.  The sales volume is up for resale homes 5.7 percent and up 8.8 percent on condos and down 19.6 percent for new homes. Mission Viejo  Zip Code 92691  sales prices are down 9.0 percent and the sales volume is up 15.4 percent. Mission Viejo  Zip Code 92692  sales prices are up 3.3 percent and the sales volume is up 33.3 percent. Aliso Viejo  sales prices are down 13.8 percent and the sales volume is even 0.0 percent. Laguna Niguel  sales prices are down 8.0 percent and the sales volume is up 39.7 percent. Rancho Santa Margarita  sales prices ... 11/08/2009

RE/MAX Homes & Estates Pre-Foreclosure Division  (714) 588 -7676 ∙  www.orangecountyshortsalerealtor.com   If you are in a situation where: • You lost your job • Your Medical Expenses are too high • Just went through/going through a divorce • You are behind on your payments • You have no equity • You can't afford the cost of selling your home • Your income has been reduced • You are in foreclosure   WE CAN HELP YOU! It's easy and doesn't cost you any MONEY! Our services are Free!!! WHEN THE DEBT EXCEEDS YOUR HOME'S VALUE... we can help is with a SHORT SALE.   Benefits of a Short Sale: • Avoid Foreclosure • Avoid Bankruptcy • Reduced damage to your credit • Postpone your foreclosure sale date • A short sale will stay on your credit approx 3 years • BE FREE of financial and emotional burd... 11/06/2009

San Clemente Area Market Report This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.2 percent, for new homes it is up 4.2 percent and for resale condos up 3.1 percent.  The sales volume is up for resale homes 3.0 percent and up 8.1 percent on condos and down 25.7 percent for new homes. Mission Viejo  Zip Code 92691  sales prices are down 7.2 percent and the sales volume is up 18.0 percent. Mission Viejo  Zip Code 92692  sales prices are up 3.3 percent and the sales volume is up 38.8 percent. Aliso Viejo  sales prices are down 14.6 percent and the sales volume is down 14.6 percent. Laguna Niguel  sales prices are down 5.2 percent and the sales volume is up 50.7 percent. Rancho Santa Margarita  sales prices... 11/01/2009

So what is happening out there in the real world when it is reported that consumer spending tightens.  The retailers are expecting a less than normal Christmas season because wages are flat and credit is tight.  This will all lead to a consumer who's consumer spending tightens.  Since the recovery is week the consumers are in no position to spend there way out of the recession.  The Commerce Department reported that personal incomes were stagnant in September.  While unemployment is still rising. Consumer spending accounts for 70 percent of the total economic activity has dropped 0.5 percent the first decline in 5 months.  The bright spot in the economy is that gross domestic product grew 3.5 percent from July to September. Analysts are saying that the consumer are showing there fear of... 11/01/2009

Orange County gains are holding  Orange County home sale prices gains are holding.  Orange County's median home prices are on tract for the eight month of gains and holding.  The sales numbers that include the begining of October show more increases.  The year over year home prices show gains and they are holding.  These gains for Orange County are after 24 straight months of decreases.  Data Quick showed a median price of $432,000 for a single family residence and condos combined.  That number is 2.9 percent shows a gain of 2.9 percent from a year ago.  If we look back to the peak in June of 2007 we are 33 percent below the median price of $645,000 Single family homes Median price is $500,000. Condos median price of $310,000. New homes are at $491,000 10/30/2009

House prices will jump First American CoreLogic predict that house prices will jumb 7.9 percent in a year.  The stated that the prices will stop falling in March of 2010 and are projected to jump up 4.6 percent by August 2010. In California the rate of appreciation will be even higher:  Up 7.9 percent from this August.  After what I found we are already showing the house prices will and are jumping up.  If their projections are correct then we will have in Orange County and California the nation's third highest appreciation rate. It looks favorable that the housing market is turning and the house prices will certainly jump up.   10/30/2009

William Lyon Homes William Lyon Homes got 206 million in fresh funding from Colony Capital and its new Colony Financial.  Colon Capital has invested more than $39 billion in more than 8,800 assets in its history.  William Lyon Homes intends to use the proceeds to purchase debt and restructure its balance sheet.  It will also go after land acquisitions and use the remainder for general corporate purposes.  Builders have been desperate for cash it is an advantage to William Lyon Homes. Colony has good reputation and long history of success in real estate financing and they like to partner with well run developers.  In 2008 Colony bought a 24 million dollar mortgage on pop star Michael Jackson's Neverland Ranch. 10/24/2009

New Home Sales Up New home sales are up 42 percent in the Orange County Area.  The new home sales are up and that is good new for the area.  Is this the recovery?  No one is ready to state that but it is a good sign. The short sale and bank owned properties have been leading the way but now we have new home sales up and by a big percentage.  Not only are the number of new home sales up the prices have been inching up as well. We do know that there has been a drop in inventory and that can effect the market.  Some may have been trying to just get a home.  This is the first year over year gain in new home sales in the 6 months.  The average price for an attached unit was $446,476 last quarter down from $582,650 in the third quarter of 2007.  Note that last quarter the average price was $... 10/23/2009

We have had a busy month!  Moving to the San Clemente First Team Office has been a huge success for us so far.  We have been using many of the New Rules of Real Estate to accomplish our goals and we are seeing results!  Check it out... 10/20/2009

Market Report for San Clemente Area This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.2 percent, for new homes it is down 2.4 percent and for resale condos up 3.4 percent.  The sales volume is up for resale homes 7.5 percent and up 11.9 percent on condos and down 31.4 percent for new homes. Mission Viejo  Zip Code 92691  sales prices are down 6.0 percent and the sales volume is down 5.5 percent. Mission Viejo  Zip Code 92692  sales prices are down 5.9 percent and the sales volume is up 38.3 percent. Aliso Viejo  sales prices are down 7.9 percent and the sales volume is up 18.3 percent. Laguna Niguel  sales prices are down 4.9 percent and the sales volume is up 47..7 percent. Rancho Santa Margarita  sale... 10/19/2009

Market Report for San Clemente area What is the market report for the last 4 weeks?  Let's look at the numbers. For the whole of Orange County resale home prices are down 3.1 percent, New home prices are down 2.9 percent and resale condos are fairly level at 0.3 percent down.  The number of sales or sales volume for resale home sales are down 1.1 percent resale condos sales are up 0.6 percent and new homes are also down 0.6 percent. Mission Viejo zip code 92691 prices are up 3.0 percent and the sales are down 24.6 percent. Mission Viejo zip code 92692 prices are down 24.8 percent and the sales are up 11.7 percent. Aliso Viejo prices are down 2.1 percent and the sales are up 3.2 percent. Laguna Niguel prices are up 0.9 percent and the sales are up 9.2 percent. Rancho Santa Margarita pric... 10/11/2009

Heal the Bay an environmental group out of Santa Monica, California gave good news to beach lovers in Orange County's beaches excellent marks for water quality.  Of the 103 water sampling locations along the Orange County coast, all but one received an A or B grad for water quality.  That is why all us beach lovers find this to be good news. There have been reports prior to this year where locations had been challenged to do better Like San Juan Creek mouth at Doheny State Beach and Baby beaches in Dana Point,  All received an A grade.  Demonstrating the efforts of the communities in Orange County all helping to keep runoff clean. Another piece of good news : no known sewage spills were recorded in Orange County during the summer of 2009.  For water board, surfers, or just beach lovers... 10/10/2009

Bank owned real estate inventory by all calculations will increase in the next few months.   Legal snarls, bureaucracy and well-meaning efforts to keep families in there homes are slowing the flow of properties headed toward foreclosure sales, even when borrowers are in deep distress. While that buys time for families to work out their problems, some analysts believe the delays are prolonging the mortgage crisis and creating a growing "shadow" bank owned inventory of pent-up supply that will eventually hit the market.    The size of this bank owned shadow inventory is a source of concern and debate among industry experts who worry that when the supply is unleashed, it could interrupt the budding home recovery and ignite a new waive of stress in the housing market.    As of July, mortga... 10/07/2009

Recently I have seen in various articles that over 50 percent of the home owners who are able to get their loan modifications fail because they fall behind again.  That is not what we need.  If the consumer cannot benifet from the loan modification and the fail to make payments at such a high rate, why would banks continue to try.  It will cause us to prolong the time period for the housing correction. The statistics are better for those who's mortgage payments dropped substantially.  If the payments were dropped by 20 percent or more then only 1/3 or about 33.3 percent (loan modifications fail) fell behind.  Still a very high number.  Banks would not lend to a consumer if they knew there was a 33 percent chance they would be holding the bag.  It is even worse if the loan was left the ... 10/04/2009

It seems that everyone is looking for the great indicators to keep getting better but there are these job losses.  However, we found that unemployment rate is now at 9.8 percent and it is the highest in 26 yrs.  September unemployment numbers announcecd Friday were our reality check and shows job losses continue. Employers showed the job losses as 263,000 jobs in September more than the 150,000 to 200,000 that forecasters had expected.  Since December 2007 the number of people unemployed has risen from 7,6000,000 to 15,100,000.  The job losses have doubled to 9.8 percent the highest since June 1983. If it is consumer confidence that drives Real Estate, then this report does not increase the chances that the consumer will be coming out to purchase homes in a big way.  If you are woried ... 10/04/2009

  We have a report from MDA DataQuick home buying report for Orange County and it shows that the real estate market level is pretty much flat over the last year.  There were 2880 homes sold this year and 2898 sold a year ago.  It does show a 0.6 percent fewer sales but I think we must all agree that the real estate market level fairly flat over the last year. August was the 14th straight months of sales gains vs the year ago.  A little under 50 percent of the areas by Zip Code in Orange County had year-over-year sales gains in the period (40 out of 83 Zip Codes).  Prices have been falling during the entire year and show that the prices fell year-over-year. That is how I come up with the statement that the sales are Flat over last year or the Real Estate Market Level is flat.  Don't be c... 10/04/2009

Heer is the report for the last 4 weeks?  Let's look at the numbers. For the whole of Orange County resale home prices are down 3.1 percent, New home prices are down 2.9 percent and resale condos are fairly level at 0.3 percent down.  The number of sales or sales volume for resale home sales are down 1.1 percent resale condos sales are up 0.6 percent and new homes are also down 0.6 percent. Mission Viejo zip code 92691 prices are up 3.0 percent and the sales are down 24.6 percent. Mission Viejo zip code 92692 prices are down 24.8 percent and the sales are up 11.7 percent. Aliso Viejo prices are down 2.1 percent and the sales are up 3.2 percent. Laguna Niguel prices are up 0.9 percent and the sales are up 9.2 percent. Rancho Santa Margarita prices are down 10.8 percent and the sales are ... 10/04/2009

Home prices rose againin July, this activity will definitely help the foreclosure markets recover.  Higher home prices show that the recession is slowing because the consumer is still willing to take some risk with the home prices are lower.  The home prices for Los Angeles and Orange County gained for the second consecutive month in July.  The increase was 1.8%.  A twenty city composite home price index was up 1.65 percent vs. June, the third consecutive month to month gain.  Thirteen cities in the index enjoy at least three consecutive months of positive pricing.  Over all the annual home prices continues to decelerate and some stability seem to be coming back to the housing market.  The indexes were Standard and Poors and Case-Shiller home price indexes. 09/30/2009

Gov. Arnold Schwarzenegger created a California commissionto overhaul the tax code and they recommends tax cut.  Part of the proposal is to lower taxes on top earners, repealing sales taxes and replacing the corporate profits tax with taxing not the gross but the net. California finds itself in a massive budget deficit due to the recession.  Schwarzenegger endorsed the commission's recommendations and intends to call a special session for the Legislature to consider these recommendations.  Tax cuts are not popular with the California Legislature so the commission recommends tax cuts is not going to be received well. The commissionis led by former assistant U.S. Treasury Secretary Gerald Parsky and Curt Pringle the Mayor of Anaheim.  The commission has 14 members and was appointed by Sch... 09/30/2009

You may have seen the head line Home Resales Drop or something like it in your newspaper.  The National Association of Realtors published the sales of resale homes drop of 2.7% on Thursday.  Why do they always have the negative spin?  The statistics show a 3.4% increase when compared with a year ago.  Although the results surprised the analysts, who had expected an increase to the sales and did not expect to see resale homes drop in number of sales.  If you watch statistics month to month you need a series of months to be able to determine the significance to a one month chance.  It is truly too soon to know if the resale home has dropped in volume.  The inventory of unsold homes on the market fell to an 8.5 month supply the lowest level in 2 years.  That again is a positive note.   I ... 09/28/2009