November California Housing Data: Volume up 14%; 11 Strait Months of year-over-year Price Increases; Cash Buyers 32.5% of All Sales; 30-Year Mortgage Down to 3.32%

  • December 14th, 2012
  • devinlucas

November property prices were up 2.1% from October and 19.3% from November 2011, making this past November the 11th straight month of year-over-year increases, according to the real estate information firm DataQuick. Volume was up over 14%, making November the highest month of volume in six years. “More buyers feel confident about their jobs, the […]

Congress: Don’t Mess With the Mortgage Interest Deduction; Housing is Too Important

  • December 12th, 2012
  • devinlucas

In California, losing the mortgage interest deduction – an active discussion in Washington – would cost the average California taxpayer over $3,900.00 a year, according to the California Association of REALTORS®. That’s MORE, almost DOUBLE, the average “2k” nation-wide taxpayers may lose if the so-called “fiscal cliff” is not soon averted. 89 percent of those […]

Homebuyers – Be Prepared to Compete As Competition Heats Up; The New Supply-and-Demand Driven Market

  • December 11th, 2012
  • devinlucas

House hunters in Newport Beach, Costa Mesa, Orange County and elsewhere are encountering formidable old foes… ample competition, multiple offers and all cash buyers. Well-priced homes in desirable areas are rare – and thus a precious commodity.   Some homes in sought-after neighborhoods are selling like hotcakes, above list price, with multiple offers submitted within […]

Southern California Home Prices Hit Three-Year High; Orange County Sales Volume up 41 Percent from Last Year

  • December 3rd, 2012
  • devinlucas

More Buyers, fewer Sellers, record-low interest rates and increase in rental values made Southern California home sales jump over 25 percent this past October, compared to October 2011, a three-year high, according to real estate research firm DataQuick. Not surprisingly, coastal markets saw the biggest increase in sales, especially such prime locations as Newport Beach […]