Monthly Archives: June 2011

CNN Money: Home prices rise, snapping 8-month drop streak

From CNN Money – Les Christie: NEW YORK (CNNMoney) — The downward cycle in home prices broke in April after eight consecutive months of decline, according to a survey released Tuesday. According to the S&P/Case Shiller 20-city index, prices rose … Continue reading

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LA Times: Consumer confidence falls in June on job worries

From the Los Angeles Times – Ruth Mantrell: Consumer confidence fell in June to the worst level in eight months on concerns about employment and income, the Conference Board reported Tuesday. The nonprofit organization said its consumer confidence index fell … Continue reading

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Mission Viejo Market Snapshot: June 27, 2011

 Mission Viejo Single Family Residences Sold in Last 7 Days  14 (-1 from June 14th Market Snapshot) Standard Sales: 10 (+4 change from June 20th Market Snapshot) Bank Owned: 1 (-1 change from June 20th Market Snapshot) Short Sale: 2 (-5 from June 20th Market Snapshot) Other: +1 (+1 change from June … Continue reading

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CNN U.S.: The California Dream is fizzling out

From CNN U.S. – John Sutter: Santa Ana, California (CNN) — For California native Elaine Cali — yes, that’s her real name — the best thing about growing up here was the smell of orange blossoms. Her mom used to … Continue reading

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OC REGISTER: Confidence in U.S. banks is ‘fragile’

From the ORANGE COUNTY REGISTER –  Marilyn Kalfus: Thirty-six percent of Americans have “very little” or “no” confidence in U.S. banks — up from 30% in 2010 and the highest no-confidence vote for banks on record, according to a Gallup poll. For … Continue reading

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CNNMoney: New home sales slip 2%

From CNNMoney – Blake Ellis: NEW YORK (CNNMoney) — Sales of new homes fell 2.1% in May, after rising for two months in a row, as the housing market continues to struggle. The Census Bureau reported an annual sales rate of … Continue reading

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CAR: May Pending Home Sales Index

From the California Association of Realtors: California pending home sales rise in May on monthly and annual basis, C.A.R. reports LOS ANGELES (June 21) – California pending home sales rose in May, posting the first year-over-year increase in 18 months,  … Continue reading

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CAR: Conforming loan limits at stake

From the California Association of Realtors: Drop in conforming loan limits would raise cost of housing financing, hamper housing recovery LOS ANGELES (June 23) – More than 30,000 California families will face higher down payments, higher mortgage rates, and stricter … Continue reading

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OC REGISTER: Realtors: New loan limit would hurt home sales

From the ORANGE COUNTY REGISTER:  Unless Congress steps in, the limit will drop to $625,500 from $729,950 for most places on Oct. 1. The limit establishes the maximum mortgage amount the Federal Housing Administration, Fannie Mae and Freddie Mac can buy or guarantee. … Continue reading

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Mission Viejo Market Snapshot: June 20, 2011

Mission Viejo Single Family Residences Sold in Last 7 Days 15 (+6 from June 13th Market Snapshot) Standard Sales: 6 (no change from June 13th Market Snapshot) Bank Owned: 2 (+1 from June 13th Market Snapshot) Short Sale: 7 (+5 from June 13th Market Snapshot) Other: 0 (no change from June … Continue reading

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