Monthly Archives: March 2011

inman NEWS: Global real estate prices slow

From inman NEWS – by Global Edge: House-price growth across the globe slowed in the last quarter of 2010, according to new figures from global property agency and consultancy Knight Frank, which has a headquarters in London and about 207 … Continue reading

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Mission Viejo Market Snapshot: Mar 28, 2011

Mission Viejo Single Family Residences Sold in Last 7 Days 16 sold (-2 from last week) Equity Sellers: 5  (-8 from last week) Bank Owned: 4 (+4 from last week) Short Sale: 5 (+1 from last week) Other: 2 (+1 from last week) Mission Viejo Condos Sold in … Continue reading

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LA Times: Home resales fall 9.6% in February and prices are near 9-year low

From the Los Angeles Times – Jeffry Bartash: Sales of previously owned homes dropped 9.6% in February and prices fell to their lowest level since 2002, reflecting a continued slump in the U.S. real estate market. The National Assn. of … Continue reading

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CAR: California pending home sales, distressed sales rise in February

From the California Association of Realtors: LOS ANGELES (March 21) – Pending home sales rose in February, as did the share of distressed properties sold, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported today.  Pending home sales: Pending home sales in … Continue reading

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Mission Viejo Market Snapshot: Mar 21, 2011

Mission Viejo Single Family Residences Sold in Last 7 Days 18 sold (+1 from last week) Equity Sellers: 13  (+4 from last week) Bank Owned: 0 (-3 from last week) Short Sale: 4 (+1 from last week) Other: 1 (-1 from last week) Mission Viejo Condos Sold in … Continue reading

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OC Register: SoCal rents rise for 6th straight month

From the Orange County Register – Jonathan Lansner and Jeff Collins: Rents in Southern California — at least, as measured by the local version of the Consumer Price Index — were rising in February at a 1.3% annual rate, according … Continue reading

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OC Register: $2 million waterfront home sees 15 price cuts

From the Orange County Register – Marilyn Kalfus: More than 6 months and 15 price chops later, it’s still for sale — now for $1,999,000. The 3,400-square foot home with with floor to ceiling windows and a 90-foot boat slip … Continue reading

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OC Register: Realtors expect to revise home sales downward

From the Orange County Register – Jonathan Lansner and Jeff Collins: The California Association of Realtors’ statewide home sales numbers may be inflated by as much as 6% to 12% and may need to be revised as far back as … Continue reading

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OC Register: Anti-foreclosure repeal approved by House

From the Orange County Register – Martin Wisckol: A bill by Rep. Gary Miller, R-Diamond Bar, to ax the anti-foreclosure Neighborhood Stabilization Program was passed by the House of Representatives today in a partisan 242-182 vote. However, the White House has … Continue reading

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Mission Viejo Market Snapshot: Mar 14, 2011

Mission Viejo Single Family Residences Sold in Last 7 Days 17 sold (+8 from last week) Equity Sellers: 9  (+5 from last week) Bank Owned: 3 (+1 from last week) Short Sale: 3 (+1 from last week) Other: 2 (+1 from last week) Mission Viejo Condos Sold in … Continue reading

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