How to win a bidding war on a house

by davesingery January 21, 2013 Latest News

The bidding war is back. While not every local real estate market is experiencing bidding wars, some home buyers find themselves competing for houses because there aren’t many for sale in their neighborhood. For example, in Phoenix, it would take just 2.3 months to sell all the homes currently on the market, says Susan Paul, […]

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Mortgage rate dips slightly

by davesingery January 21, 2013 Latest News

What’s happening with mortgage rates? We’ve asked Jeff Lazerson, of Mortgage Grader in Laguna Niguel, to give us his weekly take … RATE NEWS SUMMARY From Freddie Mac’s weekly survey the 30-year fixed rate dropped to 3.38 percent and .7 points from last week’s 3.40 percent and .7 point. The 15-year fixed remained unchanged from […]

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For 2013, 13 less-than-obvious keys to real estate

by davesingery January 21, 2013 Latest News

We all know the obvious real estate benchmarks – and most have been moving in positive directions in recent months. But to be smarter about the market in 2013, we asked some business leaders around Orange County for what not-so-obvious indicators they’ll be watching to see what’s next for the economy and real estate is […]

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Redfin: Recovery Swells in Unlikely Neighborhoods

by davesingery January 16, 2013 Latest News

Redfin, a Seattle-based real estate broker driven by technology, is finding some of the nation’s top emerging markets in what the broker says are unlikely places. Redfin studied 48 emerging neighborhoods located within 16 major metro areas across the country to determine which neighborhoods showed the most promise in terms of price growth this year. […]

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California Broker Explains Short Sale Lease Back Program

by davesingery January 16, 2013 Latest News

Short sales are quickly becoming a popular alternative to foreclosure, even outpacing REO sales in certain states, according to data from RealtyTrac. While short sales have become a more common home forfeiture solution, an individual in California has been working on a program to turn short sales into a solution for homeowners who want to […]

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LPS: Foreclosure Inventory Falls, Expect to See a ‘Rebound’ in Starts

by davesingery January 16, 2013 Latest News

Foreclosure inventory in November fell as requirements from the national mortgage settlement “influence the pace of first-time foreclosure starts, Lender Processing Services (LPS) stated in a recent report. Foreclosure inventory shrunk to 3.51 percent in November, a near 10 percent decline from September 2012. In February, state and federal official reached a settlement with five […]

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The Rise and Fall of REO Sales

by davesingery January 16, 2013 Latest News

REO sales no longer play the dominant role they once did in real estate transactions. The recent decline in REO sales, along with the decrease in inventory, is helping the market see an improvement in prices, according to a report from Corelogic. REO sales showed a 35 percent year-over-year decline in October 2012 and a […]

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It’s the Little Things That Boost Curb Appeal

by davesingery January 14, 2013 Los Angeles

“Curb appeal”. You’ve probably heard that term used before. It refers to how valuable and enticing your house looks from the outside, typically from the perspective of a potential buyer “standing on the curb”. Many people focus on preparing the inside of their house for sale, and neglect preparing the outside.This is a mistake. Studies […]

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Assessing a Property’s Long-Term Potential

by davesingery January 14, 2013 Los Angeles

You see a home on the market that you like. Should you buy it? Before you make an offer, it’s a good idea to get a sense of the property’s long-term potential. After all, a property is not just a potential home, it’s also an important investment. Here are some things to look for when […]

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Snow Day in Fullerton

by davesingery January 14, 2013 fullerton

The forecast will be for snow on Saturday, Jan. 26, when the Fullerton Parks and Recreation Department hosts a “Snow Day” at the Brea Dam Recreation Area. Tons of the frosty stuff will be delivered to the dam to enable youngsters to sled, make snow people, and have old-fashioned snowball battles. The chilly fun will […]

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