September 2014

Found 12 blog entries for September 2014.

Some buyers are holding off purchasing thinking that values will drop,

ignoring major market fundamentals.

 

Timing the Market: For decades buyers have missed golden opportunities to purchase trying to time the market perfectly.

Gone are the days of mass appreciation, multiple offers, and selling prices way above the last sale. 2014 has been markedly different from both 2012 and 2013 when homes flew off the market and values were absolutely soaring. As a result, some buyers are now attempting to time the market, anticipating that prices will reverse course around the corner. They are sitting on the fence waiting for a more advantageous time to purchase. Unfortunately, they are arriving at this decision without all of the facts.

 

FACT:

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After chugging along for some time, there's a sign that the U.S. economy may be gaining some much needed steam.

The final reading of second quarter Gross Domestic Product (GDP) rose by 4.6 percent, led by a spike in exports and business investments. The reading, which matched estimates, was up from the previous reading of 4.2 percent for the second quarter. And, perhaps more importantly, the reading was up from the anemic -2.1 percent reading in the first quarter of this year. GDP measures the value of all goods and services produced by the U.S., and it is considered the broadest measure of economic activity. It will be important to see if readings for the third quarter of 2014 continue to move in this direction.

There was mixed news from the housing…
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The following is a real-time real estate market report for Yorba Linda California.

We specialize in helping clients buy and see homes in North Orange County.  If you are a homeowner looking for information on Brea homes for sale, Fullerton homes for sale, Placentia homes for sale, Yorba Linda homes for sale, Anaheim Hills homes for sale, Orange homes for sale, La Habra homes for sale, or Anaheim homes for sale; please call us today.

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The following is a real-time real estate market report for the city of Placentia California.

We specialize in helping clients buy and see homes in North Orange County.  If you are a homeowner looking for information on Brea homes for sale, Fullerton homes for sale, placentia homes for sale, Yorba Linda homes for sale, Anaheim Hills homes for sale, Orange homes for sale, La Habra homes for sale, or Anaheim homes for sale; please call us today.

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The following is real-time real estate maket report for the city of Fullerton California.

We specialize in helping clients buy and see homes in North Orange County.  If you are a homeowner looking for information on Brea homes for sale, Fullerton homes for sale, placentia homes for sale, Yorba Linda homes for sale, Anaheim Hills homes for sale, Orange homes for sale, La Habra homes for sale, or Anaheim homes for sale; please call us today at 714-673-7363

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The following is a real-time real estate market update for the city of Brea, California

We specialize in helping clients buy and see homes in North Orange County.  If you are a homeowner looking for information on Brea homes for sale, Fullerton homes for sale, Placentia homes for sale, Yorba Linda homes for sale, Anaheim Hills homes for sale, Orange homes for sale, La Habra homes for sale, or Anaheim homes for sale; please call us today.

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While nearly seven in 10 Americans agree that now is a good time to become a homeowner, a large number remain reluctant due to their own misguided understanding of the financing process, according to survey resultsreleased Monday.

In a poll of more than 2,000 consumers, Wells Fargo found 68 percent feel that now is a good time to buy a home, and 95 percent want to own if they don't already.

The results jibe with Fannie Mae's latest consumer housing survey, in which 64 percent of Americans said now is a good time to buy (matching the survey's record low).

"Although the homebuying process has changed in many ways in recent years ,our survey found Americans still view homeownership as an achievement to be proud of and many believe that now is a good

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You do realize that what you experience during a typical Orange County real estate transaction, as a home buyer or seller, is only the tip of the iceberg.

While you are busy cleaning house, completing paperwork and writing checks, there’s a lot going on down below.

Without cheating by checking out the end of this column, how many human beings do you guess are involved in a successful Orange County home sale? Go ahead. Write it down.

Now let’s see if you’re right.

Actual Human Beings on the Buyers’ Side: Count all of the buyers, which can be up to four or more individuals. Their agent, who can be an agent and her husband or another partner, commonly called a co-listing agent. That’s two.

The home inspector and home inspection report

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Southern California had some of the nation’s highest house price gains in July, real estate data firm CoreLogic reported Tuesday.

The Inland Empire posted a 13.8 percent year-over-year increase in house prices that month, the highest appreciation rate among the nation’s most populous metro areas, according to the Irvine-based data firm.

Los Angeles County ranked third in the nation with an appreciation rate of 11 percent, and Orange County ranked seventh with prices up 7.3 percent from July 2013 levels.

House prices were up 10.5 percent in California as a whole, fifth highest among U.S. states, CoreLogic figures show. Nationwide, house prices increased 7.4 percent in July.

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n his interview with HousingWire, Mel Watt, the director of Federal Housing Finance Agency urges the opening of the mortgage credit box to less-than-optimal borrowers.

"We are getting lenders to reduce some of the credit overlays," he said in the exclusive interview.

Furthermore, FICO scores will ignore debts that have been paid off or settled, and a lesser weight will be assigned to medical bill collections, which account for about half of all unpaid collections on consumers’ credit reports.

Nonetheless, the average FICOs have been going down steadily since 2006 and it’s not hard to see why, what with the housing crisis, the financial meltdown and the general recession and record unemployment and underemployment.

So what can those with

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