Americans are feeling more financially secure with real estate and looking to relocate somewhere ideal, such as Costa Mesa or Newport Beach, according to data from the U.S. Census Bureau and the California Association of REALTORS®. 1.4 million more households moved in 2012 than in 2011. Consumer confidence in real estate is key, with 54 percent of … Continue Reading
Category
Eastside Costa Mesa
Home Buyers – Hands Off Your Credit While Your Home Search or Loan Is Pending!
Costa Mesa, Newport Beach and Orange County home buyers – in today’s tough lending and underwriting climate, it’s routine for lenders to check, double check, then check again your credit, employment and income. In other words, the “pre approval” is hardly the final check. Your lender is likely (in fact, required, if through Fannie Mae … Continue Reading
What To Do In Your Yard?
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
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
