Tuesday, May 31, 2016

Homebuying, not refinancing, drives mortgage applications up 2.3%

Slightly higher mortgage rates did not deter homebuyers looking for a loan last week.
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Friday, May 20, 2016

THE MOST VALUABLE PIECE OF FURNITURE YOU CAN FIND IN A THRIFT STORE IS...

Anyone who's a regular thrifter or antique shopper knows that thrift stores are usually packed floor-to-ceiling with treasures that are just waiting to find a new home. But how do you know what's worth purchasing and what isn't?
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Thursday, May 19, 2016

Why Are Housing Starts Still Highly Depressed?

In March, housing starts fell to an annualized rate of 1.1 million from 1.2 million the month before. Building permits fell from 1.2 million to 1.1 million as well.
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New Streak in Home Prices for Orange County Real Estate Market | Published: 5/13/2016 | Homesnap...

Over the last 30 days, the Orange County market was healthy with 2,701 homes sold, a 2.3% increase from last week's report. In comparison, nearby Los Angeles County had 5,655 sales in the same time frame, the most of all neighboring counties. The median sales price of homes sold came in at $626,500, which extended a price upswing to eight weeks. The increasing prices a low two months of inventory point to Orange County being a strong seller's market.
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WOW, you have to see some of these GORGEOUS homes!

NEW EXCLUSIVE LIST of Luxury Homes in Orange County
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Friday, May 6, 2016

Warren Buffett: There Is No Bubble in Real Estate

Warren Buffett says now is a good time to buy a house, though not as good as it was four years ago. Still, Buffett says he thinks the chances of housing prices collapsing are very low.
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Thursday, May 5, 2016

Tuesday, May 3, 2016

Orange County housing market appears to be topping out

Orange County's robust housing market appears to be topping out. And much of Southern California may not be far behind. New figures out Wednesday show that both median home prices and sales volume climbed across the region in December. But the numbers were weakest in the priciest part of the six-county Southland: Orange County. The number of sales fell 6.8% compared with the previous year in Orange County, while rising 4.3% for Southern California as a whole, according to CoreLogic DataQuick. And while median prices rose 5.1% from December 2013 for the six-county region, to $415,000, they picked up just 3.7% in Orange County, to $591,000. The market there is softening thanks largely to its own success, said Esmael Adibi, an economics professor at Chapman University in Orange. Orange County powered out of the housing crash faster than the rest of the region, with prices there up 36% from their bottom. But those gains have priced many buyers out of the market once again, he notes. And that's putting a lid on sales.
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America’s 20 Hottest Real Estate Markets

Once a month, Realtor.com publishes a list of the “20 Hottest Real Estate Market” . The only thing many have in common is that there are in California–50% of the list
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