February 2012

Found 7 blog entries for February 2012.

Warren Buffett, the greatest investor of the last century privately has told the people closest to him that,
“buying a home right now will be the best opportunity in their lifetime.” Here are some other quotes:
Washington Post -- Housing Market and Economy Showing Encouraging Signs... The Wall Street Journal
-- From Bottom Up, Sign of Housing Recovery... USA Today -- Housing Outlook is More Upbeat... Freddie
Mac -- With the New Year comes a sense of cautious optimism. There are some positive signs in the job market
and consumer confidence; housing is starting to raise hopes for continued gradual economic recovery...
Fannie Mae -- The housing sector will likely take incremental steps forward in 2012

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Is homebuying in Yorba Linda keep up with the speed of an Orange County home market running at its fastest since 2005 --

Well, the housing market in Yorba Linda sped up 20% in two weeks.

Article Tab: Real estate:Yorba Linda homebuying speeds up 20% Real estate:Yorba Linda homebuying speeds up 20%

Every two weeks, Steve Thomas of ReportsOnHousing.com publishes a study of the supply of local homes for sale. Here's what the latest report -- as of February 16 -- details about Yorba Linda …

  • 217 residences listed in brokers' MLS system with 86 new deals opening in the past 30 days.
  • By Thomas's math, this community has a "market time" (months in would take to sell all inventory at current pace of new escrows) of 2.52 months vs. 3.15 months found two weeks earlier vs. 3.59 months seen a year
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Source: ReportsOnHousing; click to enlarge

Steve Thomas of ReportsOnHousing.com’s latest study of the Orange County housing market shows the early 2012 home shopping season is a curious mix of rising buyer activity as the number of owners willing to test the market shrinks.

Snippets of the latest Thomas report, based on trends found in brokers’ MLS listings system, as of Feb. 16 …

  • Demand grew in two weeks by 435 homes to 3,569. Last year, it wasn’t until March 31 that dealmaking hit this level.
  • Thomas mixes his demand and supply math to create a “market time” measure that shows how long it would take to sell all homes on the market at the current pace of new escrows. This time, expected market time for Orange County is
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I just wanted to put the word out, I am sure you have noticed that there are not as many homes popping on to market lately. We are in the lowest inventory market in 5.5- 6 years in are area. This is driving the prices up slightly but more importantly making the buying experience a bit more stressful like 6-7 years ago. Many properties(that are priced right!) are receiving multiple offers within the first week on the market and many are selling at or above list price! If you or someone you may know has been thinking about selling, it is now a great time to strategize and market your property for the HOT Spring and Summer selling season. Let me know if I can answer any questions that you or your friends may have. I look forward to speaking with
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Bay Area homeowners who were victims of mortgage fraud could see relief soon thanks to a $25 billion agreement reached between the nation's five largest lenders, the federal government and 49 state attorneys general.

The joint agreement, which aims to address mortgage loan servicing and foreclosure abuses, is the largest federal-state civil settlement ever reached, according to the U.S. Department of Justice.

California Attorney General Kamala Harris said this morning that California will receive up to $18 billion as part of the settlement to penalize robo-signing, or the practice of signing large numbers of documents without verifying their information, and other bank servicing and foreclosure misconduct.


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Getting a mortgage in 2012 is a little more complicated than it has been in the past due to the
challenging economy and increased government regulation of the mortgage industry. In fact, it's
like a giant hurricane has swept through the housing and mortgage markets, leaving chunks of
debris and danger in its wake. But never fear; that's why I am here! As your Certified Mortgage
Planning Specialist, my role is to walk by your side, be your personal guide, and set you up for
success every step of the way. Here are a few of the challenges that we will tackle together as we
navigate the danger zone known as the 2012 mortgage process!
New Good Faith Estimate
The US government has created a new version of the disclosure form known as the Good Faith Estimate (GFE). The

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