Monthly Archives: January 2011

MSNBC.com: Tight credit, few jobs make for ‘awful’ market

Excerpt from MSNBC.com/The Orange County Register — Jeff Collins: Jeff and Jannice Jacobson seemed like the ideal borrowers. Both had good jobs, money in the bank and solid credit scores. But that didn’t keep their lender from almost killing a … Continue reading

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OC Register: O.C. seen with 2nd best home outlook in U.S.

Excerpt from The Orange County Register – Jonathan Lansner and Jeff Collins: Forbes.com and the folks at Local Market Monitor teamed up to produce a list of the big U.S. housing markets with the best shot at price gains, and Orange County … Continue reading

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OC Register: Banks seize more than 7,900 O.C. homes in 2010

Excerpt from The Orange County Register – Marilyn Kalfus: Lenders seized more than 7,900 delinquent homes in 2010, the third largest number of homes lost to foreclosure in records dating back to 1992, DataQuick shows. In all, nearly 33,000 Orange … Continue reading

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Mercury News: Home sales – Signed contracts up 2 percent in December

Excerpt from Mercury News – Martin Crutsinger: The number of people who signed contracts to buy homes rose in December, marking the fifth increase in the past six months. The National Association of Realtors said Thursday that its index of … Continue reading

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LA Times: Mortgage rates inch higher, Freddie Mac says

Excerpt from Los Angeles Times – E. Scott Reckard: Confidence in the economic recovery is rising. And, a little at a time, so are rates on residential loans. The latest report from mortgage finance giant Freddie Mac says lenders were … Continue reading

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LA Times: New foreclosure cases in California fall sharply in fourth quarter

Excerpt from Los Angeles Times – E. Scott Reckard: A new report shows the number of California homes entering foreclosure fell sharply in the fourth quarter as fewer borrowers fell into distress and lenders eased off taking action because of … Continue reading

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LA Times: New-home sales increase in December

Excerpt from Los Angeles Times: Sales of newly built homes jumped 17.5% in December from November, the government said Wednesday. New-home sales were at a seasonally adjusted annual rate of 329,000 units, a 7.6% drop from December 2009, the Commerce Department … Continue reading

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Home Prices Slump, But Not in California

Excerpt from The New York Times – David Streitfeld: A new slide in housing prices has begun in earnest, with averages in major cities across the country falling to their lowest point in many years. Prices in 20 major metropolitan … Continue reading

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Mission Viejo Market Snapshot: Jan 24, 2011

Mission Viejo Single Family Residences Sold in Last 7 Days 12 sold (-5 from last week) Equity Sellers: 6  (-2 from last week) Bank Owned: 2 (-1 from last week) Short Sale: 4 (no change from last week) Other: 0 (-2 from last week) Mission Viejo Condos … Continue reading

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Inman News: Cheaper to buy than to rent in 72% of largest U.S. cities

Excerpt from Inman News: Despite the rising number of renters across the country, it is cheaper to buy a home rather than rent one in 72 percent of the 50 largest cities in the U.S., according to an index released … Continue reading

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