According to listing service Trulia, the annualized rate of listings for sale dropped 23-29% between March 2012 and September 2012. Since then, inventories of homes for sale have declined 12-21%. Zillow, a competitor to Trulia, reported that the number of listings fell 16.6% on a single day – February 24, 2013, compared to the same day in 2012. What does the slowdown of new listings on the market mean to buyers and sellers? Rapidly shrinking supplies typically leaves communities in [...]
The Federal Reserve’s is buying mortgage-backed securities to keep mortgage rates low and that may be bolstering upper tier home values rather than helping to make homeownership more affordable for entry-level buyers. For decades home buying demand has reflected mortgage interest rates, but no more. One question that has baffled policy makers for six year is: Why haven’t housing markets responded to historically low mortgage rates? In fact, record low rates have had an impact, according to a new analysis by [...]
Five public parks and four miles of public trails are part of a Marblehead Coastal residential and commercial development that is reawakening this spring on a 248-acre coastal plateau bordering Avenida Pico and I-5 in San Clemente. Here is what residents can look forward to: An 8-acre sports park; An ocean-facing bluff top park; Two other small public picnic parks; Four miles of public trails; 126 acres of open space, including canyon preserves, restored habitats and wetlands. Work will begin [...]
Orange County house prices jumped 11.7 percent in January from the year before, the fourth-biggest gain among large U.S. metro areas, housing data firm Core-Logic. The increase is the biggest annual price gain in single-family homes since April 2006, figures from the Irvine-based data firm show. Orange County house prices have risen for eight consecutive months. Los Angeles County had the nation’s second-highest price increase in January, with single-family homes selling for 12.2 percent more than in January 2012. Prices rose [...]
2012 Costero Hermoso, San Clemente 92673 5
Bedrooms | 4 Bathrooms | 2880 sft | Offered at $875,000.00
You don’t want to miss this highly upgraded home in the gated community of the Reserve South. Located on a private cul-de-sac street, this home is sure to delight all who enter. Some of the special features incude, plantation shutters throughout, custom tile flooring, wood flooring, gourmet kitchen with granite counters, GE profile & Monogram stainless steel appliances. There is also a [...]
Restaurant Week returns to Dana Point on Friday, just in time for the Festival of Whales, the city’s biggest event. You are invited dine your way through Dana Point and is the perfect time to try new places, enjoy a rmantic dinner, or meet up with a group of friends. Restaurant Week actually is more than a week long, running through March 10. A dozen local restaurants are participating, During Dana Point’s Restaurant Week, some of Dana Point’s most talented [...]
Nailing the day that a home listing debuts is crucial, homes get four times the traffic on the day of debut than any other time of the week. Last year, homes listed on Fridays sold for 99.1% of the seller’s original asking price, the highest percentage of any day of the week. One day of the week can mean an extra $5,000 in a home-seller’s pocket. Listing a home on a Friday rather than a Sunday—the worst day to debut—could [...]
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