January 2016

Found 14 blog entries for January 2016.

never-say

 

If you’re in the throes of house hunting, chances are you’re excited—whether it’s your first home or your fifth. It’s an emotional roller-coaster ride!

Seeing something you love (or hate) can often cause you to blurt all kinds of things, some of which you might regret. Because while you can (and should) always be upfront with your Realtor®, you might not want to be quite so candid around the sellers (or the listing agent working for them). The reason? Just like in “Law & Order,” what you say can—and will—be used against you.

So before you step into a home and stick your foot in your mouth, heed these top things never to say to sellers or their agents when you’re shopping for new digs.

‘This is my dream house!’

You ever play

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If you’re planning to sell your house this year, well, you’re in luck.

“The 2016 housing market is forecasted to be mainly a seller’s market, filled with increasing home prices, relatively low inventory, and fierce competition between buyers,” says Jonathan Smoke, chief economist for realtor.com®.

But you could still make missteps on the way to the bank. Yes, your house will likely sell, but when? Remember, time is money.

“For sellers, it’s about understanding the ins and outs of their local market so they can optimize the price of their home and close quickly,” Smoke says.

Smoke and his team analyzed market trends to distill their best advice for homeowners looking to sell in 2016. Follow these tips to get the most out of your home sale.

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Orange County house hunters face a big challenge as 2016 gets going: a thin selection of homes to choose from.

ReportsOnHousing.com says there were 4,396 existing homes listed for sale in the brokers network as the year started, down 12 percent from a year ago. It’s the second-lowest supply at the start of a year since 2005. In the past decade, supply has averaged 7,298 listings at the beginning of the year.

“There’s definite pent up demand for homes, but just not enough inventory to match. Typically, that is a recipe for appreciation, low supply and high demand, but not in today¹s market,” writes ReportsOnHousing’s Steve Thomas.

“Instead, buyers are approaching the housing market much more cautiously. They are very aware that homes have already

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By the numbers alone, Orange County’s housing market just had an incredible month, with the highest prices since the Great Recession and the busiest December in a decade.

But then again, new housing numbers out Tuesday don’t tell the whole story.

A surge in pricier new home sales helped account for the bump in pricing. And new loan-disclosure rules that delayed the closing of home sales in November resulted in a big jump in December transactions.

Still, local market watchers said, rising employment and continued low mortgage rates also had a hand in boosting the market in December.

Irvine-based home-data firm CoreLogic reported the median price of an Orange County home – or the price at the midpoint of all sales – was $630,000 in December.

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The Orange County Private School Association is hosting a free fair with representatives from some 70 pre-schools to high schools.

The fair will run 1 to 4 p.m. Sunday at the UC Irvine Student Center. School representatives and students will meet with prospective families, distribute information and answer questions.

Many of the county’s private schools have application deadlines in the next two months.

Orange County is home to 295 private schools, the California Department of Education says.

Private campuses in Orange County include religious schools like Tarbut V’Torah in Irvine and Orange Lutheran High School in Orange to nonsectarian schools like the Anaheim-based Fairmont group or Sage Hill School in Newport Beach.

Some are small, such

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Developer Shaheen Sadeghi is pushing ahead with his vision to revive downtown Anaheim, with plans to transform abandoned buildings into restaurants and shops mixed with a string of new residential units by 2019.

Sadeghi, founder and head of LAB Holding, will purchase the Packing House dining hall and three nearby, city-owned redevelopment sites spanning more than 7 acres for $10.1 million, under a deal unanimously approved this week by the Anaheim City Council.

“We’re very excited because this is something we’ve been working on for six years already,” said Sadeghi, whose LAB Holding developed and operates the Packing House, a former citrus-storage warehouse that was transformed in 2014 to a public gathering space with more than 20 specialized food

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2016

Photos: papparaffie/iStock

Is it really 2016 already?  For those of you who happen to be planning on buying a home in the new year—or even just trying to—there’s a whole lot to celebrate. Why? A variety of financial vectors have dovetailed to make this the perfect storm for home buyers to get out there and make an (winning) offer. Here are six home-buying reasons to be thankful while ringing in the new year:

Reason No. 1: Interest rates are still at record lows

Even though they may creep up at any moment, it’s nonetheless a fact that interest rates on home loans are at historic lows, with a 30-year fixed-rate home loan still hovering around 4%.

“Remember 18.5% in the ’80s?” asks Tom Postilio, a real estate broker with Douglas

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