Anaheim Real Estate

These articles focus on Anaheim, CA Real Estate including Anaheim Homes For Sale, and average home prices in Anaheim, CA.

Found 1,646 blog entries about Anaheim Real Estate.

Orange County Homes Update

This was the headline of an Orange County Register article dated September 23: "CALIFORNIA HOME SALES REBOUND SLIGHTLY".   That's quite contrary to headlines on September 8, “Demand for O.C. Homes Plunges” or the September 15, “Rally Loses Steam.”

And therein lies this author’s complaint of newspapers in general -- they print doom and gloom until they are forced by reality not to.  Many may say, “but the market did decline.”  True.  But it didn’t die, and it was certainly more active in August and September than these articles indicated.  In fact, the September 23 article goes on to state, “California home shoppers seemingly quickly shook off the loss of federal tax breaks last month, with the state home buying pace rising

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TROUBLE SPOTS AND INTERESTING TIDBITS

Notices of Default grew slightly in July compared with June to 1,462.  However to keep things in perspec­tive, let’s remember that it is 50% lower than a year ago.  And that speaks as loudly for the positive side of housing, as the slow down in sales may spark negative rumor.

The adjustable rate percentage is appropriately low at 8.3% meaning nearly 93 of every 100 loans closed is a fixed rate mortgage. Why not? With rates at below historic rates, and still going down, we find our­selves in a refinance boom, consid­ering how many people have been left out of it due to equity issues.

Maybe one of the most telling sta­tistics for the month that validates the money is out there, is that even with FHA supposedly

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WHAT IS HAPPENING WITH ORANGE COUNTY FORECLOSURES?

The market is stabilizing and the current activity is reflective of that.  Interest rates are again at historic lows, thanks in part to Europe’s troubles, but who knows how long they will stay that way.  If you are in the market for a refinance, you should be thinking about it right now. 

Investor’s have made it clear, that they are fairly comfortable buying property right now and housing demand should only increase as households grow and pent up demand continues.  There were 1,347 Notices of Default recorded in May, and that was down 17% from April.  Foreclosure held at 730 and that as down by 8.4% from April. 

It should be noted that Notices of Default are down 48% from May ’09. That is very

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Orange County Housing Market Update

The following numbers are for closed transactions only for the month of May, the latest full month available. Expect these numbers to be big, but not as big as the June numbers will be as homebuyers scrambled to close their transactions before the tax credit expired. (It has been extended for closings ONLY, not new contracts, until September.) The total number of sales was 3,257. This was up 22% from the previous month of April and up 22.1% from May ’09.

There were 2,015 single-family resale, 942 condominiums and 300 new homes.  There was a 240% increase in new homes from the previous month due largely to buyer incentives offered by the builders. 

The median price for all properties was $450,000, and for a

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CALIFORNIA WARNS ABOUT SHORT SALE SCAMS


Attorney General Jerry Brown is warning homeowner’s o be wary of scam artists offering o short cut the system or promising results that are not reflective of a true short sale. His office offers the following tips:

1) With limited xceptions, only licensed real estate agents or attorneys can engage in short-sale negotiations with a homeowner’s lender.

2) Licensed agents eeking up front fees from homeowners for short sales must first submit an advance fee contract to
the Department of Real Estate and receive a no-objection letter.

3) Surcharges and hidden fees just to place an offer on a home are illegal.

4) Misrepresenting the market value of a property to a homeowner’s lender by only submitting offers on the

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While a few economists remain pessimistic about the housing recovery, the statistics seem to validate what the optimists are saying, “the recession is over.”  Home prices and sales for April (the latest month available) are up. This
is not just in Southern California, but throughout the state.

Home prices held steady with the statewide median price coming in at $255,000, a 5.4% jump from the April 2009 price bottom.  A total of 37,481 houses and condominiums sold in April, up 0.5% from March.  One of the most
telling signs of recovery is that foreclosures made up only 38.1% of the sales in April, down from 54.6% in April 2009. 

We still have our 10th consecutive month of rising sales and that can only be sustained by equity sellers entering the market,

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