Sunshine on Orange County's Shoulder?

photograph image Salt Creek Beach, Dana Point, Orange County, California sunset with palm trees by Caroline Gerardo

With inventory of new homes being listed at a record low for Orange County California and Data Quick reporting big percentage gains for Laguna Niguel (up 31%) Newport Beach (up 40%) and Newport Coast (up 41%) residential real estate in South County is looking rosy. Sellers appear reluctant to list their homes and Realtors are reporting sellers taking houses off the market to wait for more gains in the spring.

Are we really out of the woods? I believe the trough, big dip decline is behind us but my crystal ball predicts a rocky Sisyphus climb ahead. Employment is our biggest problem in Southern California. The Bay area is seeing recovery in San Francisco proper as a boom because of tech jobs heating up. Multiple offers and offers bidding up prices are the talk of the town.

Mortgage rates are at all-time lows, approaching what happened in Japan with near two percent interest rates. It seems that Ben S. Bernanke, chairman of the U.S. Federal Reserve, will do anything to keep those rates down. In a recent news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C. he encouraged Americans to buy a home and live the American dream.

This leaves me with questions about our future. Is it really a great idea to buy a home when it no longer seems to be an investment and home buyer tax deductions look to be on the chopping block? Without job growth will we sustain these short term residential real estate value gains? Or does everyone hurry to buy before the spring deluge?

I hope it will be "Sunshine On My Shoulder," don't you?

 

My mortgage website: http://www.mywjb.com/caroline-gerardo/

 

reference:

http://www.dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx

 

Uphill Climb Ahead for Orange County

Photograph of hillside climb South Orange County

Southern California Real Estate Market seems ready for the come back this spring. The no inventory of homes for sale is at record lows. In the twenty three years as a lender in Orange County, I have never seen the numbers of new listings in Multiple Listing Service ( MLS ) this few. As the existing houses on the market in the middle range are now selling with multiple offers, the value of those sitting is gradually rising.

It's been a rocky road since the crash of 2008. It seems the uphill battle may now be at the summit. A few challenges still loom out there. There are homes where residents have not made payments for more than a year, and the lenders have not foreclosed. There are homeowners who hung on by renting their home when they had to take a job transfer. There are move up buyers and move down owners who have struggled and stayed in one place.

Will the November elections shake up the real estate market in Orange County in a good way?  I don't believe national elections will have any changes on local employment or business, and therefore will not likely have positive or negative results.

Residents of Orange County can look forward to slow growth, and perhaps a little pop up in the spring of 2013. I for one am looking forward to climbing up. :)

Photograph of Giant Salvia. This plant grows to nine feet tall with flower spikes one to two feet long. Does not have the stronger aroma of some sage plants, but very showy, low water and good for a sunny side yard, attracts butterflies and birds.

http://mywjb.com/caroline-gerardo/

Caroline Gerardo Barbeau

Mortgage Loan Officer
W. J. Bradley Capital LLC.
Newport Beach, California 92660

(949) 637-8190

O.C. Sherriff gets the bad guys

ORANGE COUNTY SHERRIFF DOESN’T MESS AROUND

Lady in a Million dollar San Clemente single family home returns home for lunch to find two “guys” loading everything small and valuable into her best pillowcase

HERE IS ONE OF THE GENTLEMEN :   

HIS CAR (assuming it’s not stolen too) after he tried to

get away and hide in a busy Costco parking lot with shoppers on

Crown Valley Parkway about fifteen minutes after his well

planned heist:

No one was hurt, both robbers are in custody in 

nice Orange County suits.

Last night I was picking up dinner. A Sherriff was trying to enjoy the tied Lakers game and wolf down his dinner. He got a call to back up another officer and tossed his whole burrito (only one bite eaten) in the trash. I wish I had wrapped it up and brought it to him. These brave men and women don’t make big money but they keep us from coming home very often to find wierdos in our house.

P.S. GO Lakers!

Locate foreclosures in area

Wachovia has foreclosures in many areas of the United States. Most of these were World Savings
loans. Banks are encouraged to get these sold, closed and off the books. If you need information on
how to accomplish this quickly please contact me. The first step is having an real loan approval letter subject only to appraisal.
https://www.wfhm.com/loans/caroline-barbeau/index.page

http://reo.wachovia.com/WBREOHome.aspx
Single Family 4 bedroom beautiful neighborhood


Address: 14 Eastridge, Trabuco Canyon, CA 92679

County: Orange

List Price: $729,900