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Good news for home buyers and sellers in Orange County, Ca. Orange County (as well as 13 other Ca Counties) saw their loan limits for FHA, Fannie and Freddie bumped all the way up to the $729,750 cap. With the FHA loan limits offering flexibility in ratios, credit, downpayment and appraisals...this is a great opportunity for buyers to get a loan! A more complete article can be found at New HUD loan limits. Plus, according to CNN Money, the difference between what a home should cost and its ac... Read Full Post

San Clemente, the Spanish Village by the Sea, is featured as the Family Value Adventure in the December 2007 issue of Conde Nast Magazine. The article, titled Surfin' Turf authored by Henry Shukman, is about a family of four who set out for a boarding adventure, family holiday to the coastal surfing community of San Clemente. Not only do they find out how addicting the thrill and challenge of surfing can be to the locals, but they find out how wonderous the evening can be. As stated in the ar... Read Full Post

The Orange County real estate market has seemingly become more active in the last several weeks . Buyers are once again writing offers as many sellers are getting more realistic with how they price their home for sale. In fact, many of the short sale and bank owned properties are getting mulitple offers. In several cities, inventory of available homes for sale is actually down to the level of a year ago and pending sales have increased. Such is the case in San Clemente and Laguna Niguel. If y... Read Full Post

Laguna Beach is considered one of the most desirable beach front communities on the South Orange County, California coastal "Riviera Gold Coast" area, this is the place many desire to live. Art galleries, trendy up scale restaurants, fabulous art galleries and boutique shops are just a few of the reasons that make this an international destination and second homes to many wealthy investors. What's the latest in the Laguna Beach real estate market? Let take a look at why Laguna Beach is consid... Read Full Post

The San Clemente average sales price in January 2008 dropped 13 percent compared to January 2007, bringing the average price to $941,872. The number of new listings decreased 32 percent, while sales decreased 27 percent. Meanwhile, the average market time increased 16 percent, with average market times of 116 days vs. 100 days in 2007. San Clemente New Listings Sold Listings Average Sales Price Average DOM January 2008 131 30 $941,872 116 January 2007 193 41 $1,076,799 100 If you are planning... Read Full Post

Happy Valentine's Day to many potential home buyer's in Orange County, Ca. This just could be the sweetest day of the year for our housing market.. or the best gift you can give to your sweetheart! President Bush signed the economic stimulus package that will allow the Federal Housing Administration, as well as Fannie Mae and Freddie Mac to offer mortgages above the current conforming loan limit of $417,000 to as much as $729,750 in high-cost areas for loans originated between July 1, 2007 an... Read Full Post

The 90-residents of the Capistrano Shores Mobile Home park are the new owners of the estimated 7/10 (0.7) mile of beachfront property in North San Clemente where their modular homes currently sit. The property, owned by Amherst College, had been leased on a monthly basis to each home owner for thouands of dollars each month. On January 25, Amherst College sold the property to the 90-home owners for a rumored $100 million (or almost $15,000,000 for each 1/10th mile of sand). The lots run about... Read Full Post

As of December 31, the newer community of Ladera Ranch in Orange County, California has a total of 316 residential properties listed for sale that show up through the SoCal MLS - IDX results at Ladera Ranch Real Estate . Upon further investigation, and what is almost shocking, is that Bank Owned (REO) properties or homes listed for sale as Short Sale properties total 64 or just over 20% of the total homes for sale in Ladera Ranch. These Bank Owned or Short Sale properties can be viewed at Lad... Read Full Post

Sales Statistics for Orange County, CA According to Realist's most recent recording date of December 17, 2007, the number of Orange County Single Family Home sales fell 35% when comparing recorded sales of Nov 2006 to Nov 2007. Median Sales Price stayed about the same compared year-to -year as well as year-to-date compared to 2006. Condominium sales fell about 33% during the same time period. The Condo Median Sales Price was 6% lower compared year-to -year and has remained the same year-to-da... Read Full Post

As of December 29, San Clemente currently has 55 properties listed that are Bank Owned or are being offered as Short Sale properties out of some 500+ properties in total listed for sale. The properties can be viewed at San Clemente Bank Owned Properties . Out of the 55 total described above, some 32 (almost 60%) are located in the newer area Talega of San Clemente. These properties can be viewed at Talega Bank Owned Properties. While just over 10% of all San Clemente listings are being offere... Read Full Post