Monthly Archives: September 2010

Home Prices Up, But Growth Rate Slows

Posted on September 30, 2010 by David Mayes

Home prices are movinng upwards but at a slow rate.  Les Christie, staff writer for CNNMoney.com writes that home prices have risen for five straight months, but the rate of growth has slowed, according to an industry report released Tuesday. Prices inched up 0.6% in … Continue reading →

Posted in OC Real Estate News | Leave a comment

Buyers – Due Diligence Before Closing

Posted on September 28, 2010 by David Mayes

After sifting through many homes on the market you, the buyer, are now ready to make an offer. Columnist Dian Hymer for Inman News, offers buyer tips on due diligence to keep your home purchase a happy one. HOUSE HUNTING TIP: Do as much due … Continue reading →

Posted in Buyer Tips | Leave a comment

Mission Viejo Market Snapshot: Sep 27, 2010

Posted on September 27, 2010 by David Mayes

Single Family Residences Sold Last 7 Days 13 sold (-7 from last week) Bank Owned: 1 (no change from last week) Short Sale:  6 (+3 from last week) Condos Sold Last 7 Days 4 sold (-1 from last week) Bank Owned:  0 (-5 from last week) … Continue reading →

Posted in OC Real Estate Reports, OC Real Estate Snapshot | Leave a comment

Top Reasons Your Condo May Not Be Selling

Posted on September 25, 2010 by David Mayes

Columnist Tara-Nicholle Nelson offers some insightful answers to the question: “Why isn’t my condo selling?” Real estate professionals have a vested interest in listing your home at a price that renders it more likely to actually sell; they will be investing … Continue reading →

Posted in OC Real Estate News, Seller Tips | Leave a comment

5 Real Estate Terms Every Buyer Should Know

Posted on September 23, 2010 by David Mayes

Real estate terminology can be very confusing and intimidating — especially when you’re about to make the biggest investment of your life. Here are five important real estate terms that I routinely find my clients are unfamiliar with: Buyer’s market Describes … Continue reading →

Posted in Buyer Tips | Leave a comment

Mission Viejo Market Snapshot: Sep 20, 2010

Posted on September 20, 2010 by David Mayes

Single Family Residences Sold Last 7 Days 20 sold (+11 from last week) Condos Sold Last 7 Days 5 sold (no change from last week) Current Mission Viejo Inventory of Homes 431 homes on the market (-3 from last week) [search now] 302 … Continue reading →

Posted in OC Real Estate Reports, OC Real Estate Snapshot | Leave a comment

Homeowners rush to 15 year loan mortgages

Posted on September 19, 2010 by David Mayes

Good news for homeowners in Mission Viejo. Interest rates for 15 year mortgages are now low enough that many homeowners are trading in their 30 year mortgages for 15 year mortgages. As homeowners rush to refinance their mortgages, an increasing number are opting … Continue reading →

Posted in OC Real Estate News | Leave a comment

California Housing Prices Rebounding

Posted on September 15, 2010 by David Mayes

Good news for homeowners in Mission Viejo. House prices in California are continuing to rise. Home prices are rising in virtually every corner of the state. They’ve climbed for nine consecutive months, and in July posted a 10.4% gain year-over-year. That … Continue reading →

Posted in OC Real Estate News | Leave a comment

Mission Viejo Market Snapshot: Sep 13, 2010

Posted on September 13, 2010 by David Mayes

Single Family Residences Sold Last 7 Days 9 sold (-11 from last week) Condos Sold Last 7 Days 5 sold (-4 from last week) Mission Viejo Inventory of Homes 434 homes on the market [search now] 312 Single Family Residences (Bank Owned 12, … Continue reading →

Posted in OC Real Estate Reports, OC Real Estate Snapshot | Leave a comment

Mission Viejo August Market Report

Posted on September 6, 2010 by David Mayes

Total August Home Sales: 96 (28 condos and 68 single family residences) At present there are 426 homes for sale in Mission Viejo — 123 condos and 303 single family residences. At a glance, this appears to be a lot … Continue reading →

Posted in OC Real Estate Reports | Leave a comment