July 2012

Found 132 blog entries for July 2012.

The longest-running monthly home price index from S&P/Case-Shiller enjoyed in May its biggest monthly gain since 2004.

While I'm no fan of month-to-month index watching — and even swore off the bad Wall Street and media habit earlier — I thought it was worthwhile to temporarily break my pledge and highlight this uptick that I found with my trusty spreadsheet. Especially when neither S&P nor most media chose to find this bit of short-term, upward news.

Looking nationally, S&P's 10-city price index rose 2.2% from April — the 2nd consecutive monthly gain and tied for 2nd biggest month-to-month advance ever in this benchmark with a history dating to 1987. In July 2004, the S&P's 10-city price index enjoyed its monthly best upswing of 2.3% — shortly after

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COSTA MESA – Faces turned red. Throats burned. Cups of water were downed.

The third annual Hot! Hot! Hot! Chili, Wings and Salsa contest lived up to its name at the OC Fair, with more than 145 entries from 90 competitors testing the palates and stomachs of four judges in the amateur-level competition.

And the winners are:

Best of Show: Chris Rosemeyer

Chili division: Jason Iehl

Wings division: Chris Rosemeyer

Salsa division: Bill Gibson

The wings and salsa divisions each had three categories: Hot and Spicy; Sweet and Spicy; and Other.

Entries in the chili division were categorized as either green or red chili. Beans were optional.

Jokes were common. At one point, wings judge Phil Knoke told the audience, "Had to sound cheesy, but I'm

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Craig Regional Park in Fullerton will present three free Thursday evening concerts in August. The Clay Davis Trio will bring their jazz standards and modern pop hits to the park on August 2. The '80s dance sounds of Flashback Heart Attack will take the stage on August 9. Swing Cats Big Band will present an evening of throw back classics from the '30s and '40s on August 16. All concert events are from 6:30 to 8 p.m., free and open to the public of all ages. Friends and families are invited to come out and enjoy fantastic live music under the stars at OC Parks this summer season.







Courtesy OC Register

Aurelio Bahena


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Thursday, Aug 2 5:30p to 6:30p

at Orange County Great Park, Irvine, CA

City of Irvine Community Services and the Orange County Great Park proudly present this gardening workshop series, which is presented by the University of California Cooperative Extension Master Gardeners of Orange County in the Great Park Farm and Food Lab.

Price: Free

Phone: (866) 829-3829

City of Irvine Community Services and the Orange County Great Park proudly present this gardening workshop series, which is presented by the University of California Cooperative Extension Master Gardeners of Orange County in the Great Park Farm and Food Lab.

Event Websitehttp://www.ocgp.org/





Aurelio Bahena


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Q. I have a question regarding potential capital gains taxes on the house that I currently have in escrow. I recently closed down the property that I had been renting for 30 months and subsequently I have spent a portion of the time repairing the property and the rest of the time being on the market.

I understand the legal requirement of the rule that you should have the property that you have sold be your prime residence for 2 out of the last 5 years. From our calculation, it will be a very close call, but we think that we could make a case that we are within the rule.

My question is, if challenged by the IRS, how do they specifically determine if you meet the 2/5 criteria?

A. If I understand your question, you are asking about the rules regarding

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Some homes are bought and sold without ever being officially listed. This word-of-mouth technique – once used mostly by the rich and famous – is gaining popularity among sellers who want to avoid the perils of a down market. But agents warn it might not be the best route.

Rumor has it that Kim Kardashian and Kanye West are selling their homes, allegedly with the intent to cohabitate. Online gossip sites have reported that both homes are being sold via "pocket listings."

"Pocket listing" means that a home is not listed on a multiple-listing service but is instead marketed directly by the property's real-estate agent or broker — it is in that person's "pocket." The seller and agent have more control over who knows the home is for sale, who can

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Orange County's status as a Summer Olympic power is solidified with a record 79 athletes competing in London. The gold rush is a product of coaching, facilities money, and a rich history.


ANAHEIM – Last week, the Road to London turned onto Disneyland's Main Street.

A marching band decked out in red, white and blue led a parade that included a firetruck carrying U.S. Olympic women's volleyball coach Hugh McCutcheon and Team USA men's coach Alan Knipe, with Minnie Mouse riding shot gun. Behind the truck, members of the U.S. men's and women's teams marched or rode on a float as the crowd lining Main Street sent the athletes off to the 2012 Olympic Games in London with chants of "USA! USA!" and "We'll be watching you on TV!"

"Where else in America

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The California Association of Realtors reported that house prices and home sales both rose by more than 8% last month from last year's levels, the latest sign that a market recovery is under way.

However, sales dipped slightly from May to June, most likely because of the limited supply of homes for sale, the association said.

The state association's latest report said:

The median price of an existing single-family home (or price at the midpoint of all sales) was $316,410 last month. That's up 8.1% from the state's June 2011 median of $296,410. During the housing crash, the state's median price got as low as $245,230 – 30% below the latest price. Median prices in the state have been above $300,000 for the past three months.June sales rose 8.5% to an

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