A neat graphic from the California Association of REALTORS® and PLANET, the Professional Landscape Network, giving ideas and survey results for what to do in your back yard. Perfect ideas to bring to your Costa Mesa, Newport Beach or Orange County home. Enjoy! -Devin Lucas Author Devin R. Lucas is a Real Estate Attorney, Broker … Continue Reading
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Eastside Costa Mesa
Top Ten Reasons to be Optimistic About the Housing Market, From the California Association of REALTORS®
From the California Association of REALTORS®, Top Ten Reasons to be optimistic about the housing market. These factors are especially true in Newport Beach and Costa Mesa. -Devin Lucas Author Devin R. Lucas is a Real Estate Attorney, Broker and REALTOR®, specializing in Newport Beach, Costa Mesa and Orange County, serving individual, investor and small … Continue Reading
Interest Rates Creeping Back Up; Highest in One Year
Those record-low interest rates, which are partly driving the real estate recovery, especially in locations such as Newport Beach and Costa Mesa, may be heading for the rearview mirror as the economy “recovers” and rates are back on the incline. According to Freddie Mac, the 30-year fixed-rate mortgage averaged 3.81 percent with an average 0.8 … Continue Reading
California Legislature Proposes More Real Estate Transfer Taxes
They’re at it again… the California State Legislature wants more of your money. This time, via a proposed additional $75.00 tax on any county real estate filing including refinancing, transferring into or out of a trust, liens, quit claim deeds, etc. It’s cleverly called “SB-391: California Homes and Jobs Act of 2013.” However, the same … Continue Reading
Orange County Real Estate data is in for April: Sold prices up 27.4% from April 2012, the 14th consecutive month of year-over-year gains.
Ugh, more mind-boggling figures from the number-crunchers at DataQuick. Orange County’s April home sales are up 27.4 percent from April 2012. Southern California’s average sales were up 23.4 percent from April 2012. And from just March 2013, the sales prices jumped 8 percent in Southern California. According to DataQuick, April was the 14th consecutive month … Continue Reading
Some Financial Perks of Homeownership
Here’s a neat graphic illustrating some of the financial perks of homeownership. Newport Beach and Costa Mesa real estate certainly bring even more perks to the table! Sources include the California Association of REALTORS®, the National Association of REALTORS®, the Federal Reserve and Energy Star. … -Devin Lucas Author Devin R. Lucas is a Real … Continue Reading
Low Inventory
Most people now know there is a severe lack of supply of housing, a “low inventory,” especially of desirable homes, in desirable areas, in those under $1 million gem neighborhoods such as East Side Costa Mesa and more expensive dream homes in areas such as Newport Beach. Supply-and-demand economics kick in, and Voilà, you have multiple offers on prime properties … Continue Reading
Mortgage Forgiveness Debt Relief Act Extended – Good For Home Supply; Mixed Messages For Economy
As part of the so-called “fiscal cliff” negotiations, Congresses’ late night settlement included a one-year extension of the Mortgage Forgiveness Debt Relief Act. Essentially, this allows underwater borrowers (those who owe more on their mortgage than their home is currently worth) to “discharge” any tax liability for loss incurred from a short sale, foreclosure or … Continue Reading
Homebuyers – Be Prepared to Compete As Competition Heats Up; The New Supply-and-Demand Driven Market
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 … Continue Reading
East Side Costa Mesa Real Estate
Anyone looking for property in East Side Costa Mesa will have no problem finding the home of their dreams. Unfortunately for buyers, home prices are on a significant incline. As loans remain at record low rates, those with solid credit, income and lender approvals can lock-in unprecedented interest rates. Even a “more expensive home” (compared with, say, a few … Continue Reading
