October 2013

Found 36 blog entries for October 2013.

Brea, California....

Realtor .com has released the results of its Haunted Housing Report, which explored consumer sentiments around their perceptions of "haunted" real estate. Survey results from nearly 1,400 respondents reveal consumer thresholds for purchasing haunted houses for sale, past experiences with spooky homes, popular "warning signs" of a haunted home, expected discounts when buying "perceived" haunted houses for sale and intolerable scary occurrences.

According to the survey, 26 percent of respondents indicated that they would consider purchasing a haunted house for sale, while 38 percent would not. Of the respondents that would consider purchasing a haunted home, 12 percent reported that they would pay full market value or over for a

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Brea, California...

The Remodeling Market Index (RMI) continued to climb at a modest pace in the third quarter of 2013 rising two points to 57, the highest reading since the first quarter of 2004, according to the National Association of Home Builders (NAHB).

An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity. The RMI’s current market conditions index rose from 54 in the previous quarter to 58, the highest reading since the creation of the RMI in 2001, driven partly by rising existing home sales.

All three major components of the RMI’s current market conditions

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Brea, California...

NEARLY 70 PERCENT OF AMERICANS HAVE LITTLE TO NO UNDERSTANDING OF CREDIT SCORING.  According to a recent study by TransUnion, many Americans do not understand how credit scoring works or that there are many credit scoring models.

The study asked, "On a scale of 1 to 5, indicate your understanding of the different credit scoring models available to consumers and to lenders," and 26.9 percent of Americans surveyed said "1" or they have little to no understanding, 14.6 percent said "2," and 24.6 percent said "3." Only 16 percent of Americans surveyed said "5" or they had a great understanding of the different credit scoring models.

Because there are hundreds of credit scores, consumers should not be overly concerned with the type of

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Beware Of Zombie Property Titles

With the economic downturn, anyone dealing in real estate quickly became familiar with previously little-known terms such as foreclosure and short sale. Now that the housing market is picking back up and people are moving on, a new term is coming to light – zombie titles.

The Zombie Title
This is when a home has been vacated because the owners defaulted on their loan and their bank started the foreclosure process. However, for some reason or another the bank never completed the foreclosure and sold the home. So, when the city starts fining someone for the overgrown grass and dilapidated structure, the homeowner who thought they were finished with the property gets the bill.

A Home That Keeps Haunting
Homeowners think they don't…
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Our homes create the context for so many of the happiest moments of our lives. But sometimes, the process of buying or selling a home gives rise to some pretty fright-filled experiences. We all have heard loads of stories about the nightmarish moments that are part and parcel of buying or selling a home in a down market. But a rising market doesn’t exempt any of us from becoming the character in our own real estate horror story.

This Halloween week, here are a few of the more common hot market horror stories we hear about here at Trulia, along with some “tricks” for making them go away.

Horror #1. The Headless House Hunt(er). When you’re constantly running into rising prices and multiple offers, it’s critical to be flexible with your house hunt wish

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Calif. median home price: September 2013: 
  • California: $428,810
  • Calif. highest median home price by region/county September 2013: San Mateo, $908,000
  • Calif. lowest median home price by region/county September 2013: Glenn, $134,000
Calif. Pending Home Sales Index: September 2013: Decreased 1.8 percent from 108.3 in August to 106.4 in September.
Calif. Traditional Housing Affordability Index: Second Quarter 2013: 36 percent (Source: C.A.R.)

Mortgage rates: Week ending 10/24/2013 (Source: Freddie Mac)
  • 30-yr. fixed: 4.13% fees/points: 0.8%
  • 15-yr. fixed: 3.24% fees/points: 0.6%
  • 1-yr. adjustable: 2.60% Fees/points: 0.5%
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Fullerton, California....

Cal State Fullerton’s California Faculty Association (CFA) chapter and Students for Quality Education (SQE) chapter collaborated to host a screening of the documentary Koch Brothers Exposed yesterday, as part of a week-long event called Campus Equity Week.

Campus Equity Week is a nation-wide event promoting equality in higher education and improving working conditions for faculty, specifically part-time, and lecture professors.

CSUF’s CFA chapter president, Mahamood Hassan, Ph.D., said the week’s theme involves achieving equity in terms of faculty salary, class sizes and faculty workloads, as well as fair treatment of lecturers, temporary faculty and students.

“This is basically a week to promote the injustices that are being

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The ghouls, witches, princesses and superheroes will be in full force at the Brea Mall.

The Simon Group, which owns the mall, will host its annual Kidgits Halloween Spooktacular at the mall's center court, complete with arts and crafts, games and goodie bags.

Article Tab: A child dressed as Robin gets his face painted during last year's Halloween Spooktacular at the Brea Mall. A child dressed as Robin gets his face painted during last year's Halloween Spooktacular at the Brea Mall. COURTESY OF THE SIMON GROUP

“We know people come to Simon Malls to shop for decor, costumes and candy, plus we recognize our property serves as a community gathering place for social experiences and more,” said Anna Cotter, director of marketing and business development at Brea Mall. “That's why Simon Kidgits Club is delivering parents a platform to let their little

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Fullerton, California....

RETAIL, PENDING HOME SALES, AND MANUFACTURING SLIP WHILE THE FED MEETS... We have a week packed with reports. Overall Retail Sales and Pending Home Sales are forecast off for September. Factory activity is also predicted down for October by both the national ISM Index and the Midwestern Chicago PMI, although Industrial Production and Capacity Utilization should grow in September.

But the big focus will be Wednesday's Fed meeting. No one expects a change in the FOMC Rate Decision or any tapering of the Fed's bond buying program, but their policy statement will be scrutinized. At least inflation is forecast still tame by the Consumer Price Index (CPI).
>> The Week’s Economic Indicator Calendar
Weaker than expected economic data

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Fullerton, California....

GAME ON!... With the partial government shutdown over, the game was back on in Washington. The game was also back on for Wall Street investors who spent the week sending the S&P 500 to another all-time high. The tech-heavy Nasdaq reached a 13-year peak and the Dow rose for the third week in a row to its best close since September 19. The bullish push came from the market's belief that the Fed will delay tapering its bond buying program at least until 2014. Investors like the fact that this will keep interest rates low and the economy stimulated.

The need for economic stimulation remains obvious. The September Employment Report finally came in with just 148,000 jobs added for the month, down from 193,000 new jobs in August.

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