Monthly Archives: May 2012

April 2012 Mission Viejo Home Sales 115 (+2 from March 2012) 33 condos (-1 from March 2012) 82 single family residences (+3 from March 2012) Mission Viejo Homes Now on Market There are 130 homes for sale in Mission Viejo (-59 from March 2012) 34 condos (-21 from March 2012) 96 single family residences  (-38 from March 2012) Commentary on March Statistics Comparing April 2012 … Continue reading →

From CNN Money – Les Christie: NEW YORK (CNNMoney) — Bank of America is offering some struggling homeowners payments of up to $30,000 if they sell their homes in a short sale and avoid ending up in foreclosure. Click here for full … Continue reading →

From the Los Angeles Times – E. Scott Reckard: In another flicker of hope for the battered housing markets, home loans in foreclosure or at least one payment past due have declined to the lowest level since 2008, according to a … Continue reading →

From the San Francisco Chronicle – Christopher S. Rugaber: U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing. Click here for … Continue reading →

You be the Judge: Is the real estate market getting better or worse? April 2011 – homes sold: 2,171 April 2012 – homes sold: 2,567 (+18%) April 2011 – homes in escrow: 2,232 April 2012 – homes in escrow: 3,850 (+72%) April 2011 – homes for sale: 17,777 April … Continue reading →

From The Los Angeles Times – Alejandro Lazo: As California pushes to get more homeowners into a $2-billion foreclosure prevention program, some Fannie Maeand Freddie Mac borrowers may see their mortgages shrunk through principal reduction. Click here for full article.

From DSnews.com – Esther Cho: Clarification was offered Monday on misconceptions regarding the REO-to-Rental Initiative, currently in pilot stages. Meg Burns, FHFA’s senior associate director for housing and regulatory policy, explained in a testimony to lawmakers the purpose and intent of the … Continue reading →

From inmanNEWS: According to loan data aggregator CoreLogic, in the 24 states where courts handle the foreclosure process, 13 saw foreclosure inventory rates increase in March when compared to a year ago. In contrast, the percentage of homes in the … Continue reading →

From the Los Angeles Times – Nancy Rivera Brooks: The number of U.S. homes struggling through foreclosure held steady in March but fell from a year earlier, new data show, indicating that the huge wave of foreclosures that some housing … Continue reading →