June 2012

Found 7 blog entries for June 2012.

AS PUBLISHED ON NATIONAL ASSOCIATION OF REALTORS WEBSITE:

WASHINGTON (June 21, 2012) - Limited supplies of housing inventory held back existing-home sales in May, but sales maintained a strong lead over year-ago levels and home prices are on a sustained uptrend in all regions, according to the National Association of Realtors®.

Total existing-home sales1, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, declined 1.5 percent to a seasonally adjusted annual rate of 4.55 million in May from 4.62 million in April, but are 9.6 percent above the 4.15 million-unit pace in May 2011.

Lawrence Yun, NAR chief economist, said inventory shortages in certain areas have been building all year. "The slight

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San Clemente High School is one of five Capistrano Unified high schools ranked in country’s top 1,000 high schools, according to Newsweek and The Daily Beast. San Clemente High was ranked 380. 

“We know that our community is served by high quality public schools,” said Gary Pritchard, district trustee. “These public acknowledgements of our success should be celebrated. Our schools are a reflection of the value our community places on having a world-class education available for all of its children."

Earlier this month, San Clemente High also received a silver medal and was ranked by the U.S. News & World Report as one of the top 1,000 out of nearly 22,000 high schools nationwide.

Read more: San Clemente Times - SCHS Ranked in Top of Nation 
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With record low inventory and limited options on the market, many  residential income property investors are now looking at commercial  properties as an alternative investment. Commercial property includes  office buildings, industrial property, medical centers, hotels, malls,  retail stores, shopping centers, multi-family housing buildings with  five or more units, warehouses, and garages. The type I would like  to discuss briefly today is called "mixed-use". Very simply, a mixed-use  property is any real estate that has a combination of both residential  and commercial units. The most common type we see here in Orange  County is a retail store with 2-10 apartments above the storefront,  usually found along a popular business district…
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 As we move into the summer months and the selling season, Forster Ranch inventory remains very low.  There are only 16 homes available in Forster Ranch as of today.  Here is the breakdown: 13 of the homes are standard sales, 3 are short sales and currently there are not any bank owned properties.  13 of the homes are under $1,000,000 and only 8 homes are under $800,000.  There are 28 homes currently in escrow.  Interest rates are amazingly low and there is a large pool of buyers that are trying to buy a house.  Hopefully this sheds some light as to why the market is so hot right down. 

For those of you still in a Short Sale situation, the market is improving so you will have to check your current home value. However, there is something very important

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As we move into the summer months and the selling season, Talega inventory remains very low.   There are only 27 homes Available in Talega as of today.  Here is the breakdown:  3 Condos (1 in the Gallery, 1 Bank Owned, 1 Regular Sale) and 24 Single Family Homes (5 in the Gallery, 1 Bank Owned, 4 Short Sales, 14 Regular Sales).  16 of the homes are under $1,000,000 and only 6 homes are under $800,000 that are not in the Gallery.   The average days on market of properties under $1,000,000 has now dropped to 26 days.  Interest rates are amazingly low and there is a large pool of buyers that are trying to buy a house.  Now you know why this market is so hot right down. 

For those of you still in a Short Sale situation, the market is getting better so you

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