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When is the best time of year to negotiate real estate?

Hi Guys, Today on Facebook Friday we discuss the best time of year to negotiate property. When buying or selling real estate the time of year that you are in the market does have a impact on what kind of offers you will be dealing with. Sellers want to sell where there is high demand […]

Understanding The Orange County Real Estate Market

Here are the latest stats for Orange County Real Estate. Understanding your market will make you a better/smarter home buyer. That is not a heart beat that is the pattern of when new listings hit the market. Peak high in the summer and peak low around the new year. Average sales price continue at the […]

Who is ready to sell their home?

Happy Friday everyone. Here is the data for Orange County’s housing market for the last year. Prices are UP inventory is DOWN which means homes are selling quickly. Here is a chart of new listing to hit the market from 2015 to last month 2016. As of december there has been a dramatic increase in […]

What the Fed’s Decision Means for Housing

Watch this video brought to you by NAR Chief Economist Lawrence Yun. DAILY REAL ESTATE NEWS | THURSDAY, DECEMBER 17, 2015 Since 2008, the Federal Reserve has kept a zero-interest rate policy in place. But on Wednesday, in a largely anticipated move, they voted to bring an end to that era and increased its benchmark short-term […]

Home Sales, Inventories Reach a Turning Point?

Here is a housing market update from the Association of REALTORS. Please let me know how you feel the market it changing. If you need any help in listing your property please Say Simon! Charles Simon (714)348-3050 charles@saysimon.com DAILY REAL ESTATE NEWS | FRIDAY, MAY 23, 2014 Existing-home sales posted the first rise of the […]

U.S. housing permits breach 1 million mark, home prices surge

(Reuters http://www.reuters.com/article/2013/11/26/us-housing-permits-idUSBRE9AP0NA20131126) – Permits for future U.S. home construction rose to their highest in nearly 5-1/2 years in October and prices for single-family homes notched big gains in September, suggesting a run-up in mortgage interest rates has not derailed the housing recovery. The data releases on Tuesday were the latest signs of strength in the economy, […]

Improving home sales brighten 2013 outlook

EXISTING-HOME SALES, PRICES CLIMB IN 2012 The housing market strengthened last year as growing demand from buyers lifted sales and prices of existing homes, but contributed to tighter supplies of homes for sale. Source National Association of Realtors from Haver Analytics, Barbara Hansen and Robert W. Ahrens Julie Schmit, USATODAY 8:33p.m. EST January 22, 2013 Existing […]

Shadow Inventory Falls to Seven Month Supply

Wednesday, January 2nd, 2013 | Posted by Steve Cook The current residential shadow inventory as of October 2012 fell to 2.3 million units, representing a supply of seven months. The October 2012 inventory level fell 12.3 percent from a year earlier, when the shadow inventory stood at 2.6 million units. In December, Corelogic reported that approximately 1.3 million […]

Home prices rose in July in 20 major cities

by Julie Schmit, USA TODAY Home prices are continuing to improve, further evidence of the housing market’s growing health. Prices in July rose 1.6% from June and 0.4% when adjusted for seasonal factors, according to the 20-city Standard & Poor’s Case-Shiller index. The increases have been broad as prices rose for the third consecutive month […]

No Deal from Super Committee: What Next?

On November 23, 2011, in Breaking News, Mortgage Financing, Politics & Government, by Robert FreedmanShare|By Robert Freedman, senior editor, REALTOR® MagazineThe first thing to note about the congressional super committee’s failure to agree to deficit cuts is that MID is spared for the time-being. Among the deals the members of the deficit-cutting committee looked at […]