August 2013

Found 49 blog entries for August 2013.

The housing market is now 64 percent of the way back to “normal,” and we are entering the third phase of the recovery, according to Trulia’s monthly Housing Barometer.

The first two phases of the recovery began in 2009 and 2012, respectively. The milestone marking the first phase was when sales and construction first started to pick up. The second phase began when home prices reached bottom and began to increase.

The third phase began this spring after housing inventory bottomed out and both inventory and mortgage rates began to climb, according to Trulia.

What we’re waiting on now, according to Trulia, is the fourth phase, in which “young adults finally start moving out of their parents’ homes.”

“Until this happens, construction

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The housing market is now 64 percent of the way back to “normal,” and we are entering the third phase of the recovery, according to Trulia’s monthly Housing Barometer.

The first two phases of the recovery began in 2009 and 2012, respectively. The milestone marking the first phase was when sales and construction first started to pick up. The second phase began when home prices reached bottom and began to increase.
The third phase began this spring after housing inventory bottomed out and both inventory and mortgage rates began to climb, according to Trulia.
What we’re waiting on now, according to Trulia, is the fourth phase, in which “young adults finally start moving out of their parents’ homes.”
“Until this happens, construction and new home sales will remain…
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The most recent Negative Equity Report shows approximately 12.2 million homeowners owed more on their mortgage than their home is worth last quarter, down from 13 million in the first quarter and 15.3 million the same time last year.


Those 12.2 million underwater homeowners represent approximately 23.8 percent of all homeowners with a mortgage, Zillow said. The negative equity rate among all homeowners—including those without a mortgage—was 16.7 percent at the end of the quarter. (Roughly one-third of homes are owned without a mortgage.)  For the second quarter of 2014, the predictions are for  the negative equity rate will fall to 20.9 percent, lifting an additional 1.9 million homeowners into positive equity.


“Widespread rising home values during

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Yorba Linda, California...

By now, many homeowners have probably replaced most of their incandescent light bulbs with compact fluorescent light (CFL) bulbs, and no doubt have noticed how long these newer, energy-efficient bulbs last. Now, light-emitting diode (LED) lighting is the latest trend on the scene. Once used primarily for industrial and commercial applications, LED lighting is gaining ground at home - and there are many good reasons for that.

LED bulbs work in a unique way. Instead of emitting light and heat in all directions, an LED lights move electrons through a semiconductor material, creating light that shines in a specific direction. In LED bulbs used to replace standard bulbs, multiple diodes are used to create bright light while

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Circle of Orange Orange, CA

International foods, crafts, folk dancing and music. Many different ethnic foods and costume. The Street Fair has become known for the variety of food reflecting cuisine from around the world. They provide food, drink, entertainment and crafts to the visitors.

August 30th 5-10 PM

August 31st 10am- 10 pm

September 1st 10am- 10pm

The Orange International Street Fair kicks off Friday at the city's plaza. The event, in its 41st year, has grown to become the largest food and beer festival in Orange County, and one of the biggest in Southern California.

The three-day festival will draw almost a half million people to the area around the Orange Plaza, turning the historic downtown into a bustling metropolis of

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Home prices in the Los Angeles-Orange County area jumped 19.9 percent in the 12 months ending in June, marking a year of rising home values, according to the S&P/Case-Shiller Home Price Index report released Tuesday.

The L.A.-O.C. gain also was the third-highest among 20 U.S. metro areas covered by the Case-Shiller index, trailing only Las Vegas and San Francisco.

“The Southwest and California have consistently led the recovery, with Las Vegas, Los Angeles, Phoenix and San Francisco posting at least 15 months of gains,” said David M. Blitzer, chairman of the S&P Down Jones Indices.

The past year’s price gains follow more than five years of near-constant home price drops. (See chart)

At the low point, L.A.-O.C. home prices were down 42

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Placentia, California...

http://www.agentx2.com/listing/cms/10/

Exceptional 5 bedroom, 3 bath 2044 sq ft, Placentia - Yorba Linda school district. Fully remodeled Kitchen and Bathrooms. With it’s wide open kitchen and extra large covered patio are the perfect match for entertaining. Great split floor plan, New paint, Scraped Ceilings, New flooring, Fixtures, Newer roof, Air Conditioner, Water Heater. Fantastic Family Home!
Exceptional Neighborhood bordering Alta Vista Country Club

 

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Placentia, California...

The report draws data from a sampling of loan applications flowing through Ellie Mae’s software and network. To get a meaningful view of lender “pull-through,” the company reviewed applications initiated in April.
The data sampled shows the mix of purchase loans to refinances was 53 percent versus 47 percent in July—the largest percentage of purchase loans since Ellie Mae began tracking in August 2011 and also the first time purchase share has crossed the 50 percent threshold in at least two years.
Jonathan Corr, president and COO of Ellie Mae, said the rise in purchase loan share “was a further indication that housing seems to be improving.”
Also notable was an increase in the share of adjustable-rate mortgage (ARM) loans as fixed…
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Fullerton, California...

NAHB’s 55+ Housing Market Index (HMI)—a measure of builder confidence in that particular market sector—increased 24 points over the same period last year, rising to a level of 53, the highest second-quarter number since the inception of the index in 2008 and the seventh consecutive quarter of year-over-year improvements.
“Builders and developers for the 55+ housing sector are feeling optimistic as they are seeing more consumers return to the marketplace,” said Robert Karen, chairman of NAHB’s 50+ Housing Council and managing member of the Symphony Development Group. “With existing home prices rising, consumers are able to sell their current homes and make the move toward either purchasing a
home or renting an apartment that is…
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