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Buyers are putting down larger downpayments as a percentage of the purchase price

The tighter FHA credit might be pushing more potential buyers to conventional (20%) loans. Also, the shear number of new mortgages have decreased and that could have changed the mixed. Homebuyers put more money down Posted by Megan Hopkins on November 14, 2012 11:01 AM A recent survey from the National Association of Realtors recent survey shows that with a recovering housing market and more borrowers choosing higher down payment conventional loans versus FHA loans, home buyers are now investing more into their new homes. Of the surveyed homebuyers, 87% used a mortgage for the purchase. Typically 91% of the home was financed, requiring a 9% down payment. These numbers suggest that the real estate market is showing signs of [Read More...]

 
Sandy is good for construction companies

I think we need a new definition of good. For Builders, the Storm Is Good for Business By CATHERINE RAMPELL and SHAILA DEWAN | New York Times – Thu, Nov 1, 2012 9:24 AM EDT Bad news for hurricane-ravaged homeowners is good news for at least one contingent: construction companies and the army of workers they plan to hire, many of whom have been idled and ailing from the housing bust for nearly half a decade. Two days into the destruction from Hurricane Sandy, phones were ringing nonstop at Garden State Public Adjusters in Marlton, N.J., ProStar Residential Disaster Cleanup in Milford, Conn., and other businesses along the Eastern Seaboard. Construction crews cannot get into many of the affected areas yet, because [Read More...]

 
We'll sell your property in 49 days or we'll pay you $2,500! List with us today!

Market your home with Akason Realty Consulting and OC Housing News Why partner with Akason Realty Consulting and OC Housing News to market and sell your home? We likely have a buyer for your home now. We are so confident, we will sell your home 49 days or less we will pay you $2500 if we don’t! Real estate has changed. Eighty-two percent of buyers find their homes online, Akason Realty Consulting has been the number one team out of over 900 agents at Evergreen Realty for the past three years in a row. No local team has a stronger Internet presence. People choose to hire a professional when they want to sell their home faster, for more money, and [Read More...]

 
Frustrated by low inventory? Find tomorrow's listings today with our exclusive pre-MLS search tool.

If you are searching for a home in today’s market, you know how difficult it is to find the right property. Inventory is extraordinarily low, and there is little sign that the banks are going to release more properties to the market soon. There is still a tremendous inventory of distressed properties, and our foreclosure search too can prove it. This tool is useful for more than just indulging idle curiosity. If you are searching for your next home, this tool can help you find properties before they hit the MLS. With our fundamental value reports, we can help you research bank-owned properties before they are released so you can be ready to pounce if it meets your needs. Have [Read More...]

 
Ray Watson, Irvine Company visionary dead at 86

To say he left a impression on Irvine real estate is an understatement. Irvine visionary Ray Watson dead at 86 Published: Oct. 22, 2012 Updated: Oct. 23, 2012 7:43 a. By JONATHAN LANSNER, JEFF COLLINS and THOMAS MARTINEZ / THE ORANGE COUNTY REGISTER Raymond L. Watson, the real estate planner who left ahuge imprint on two Southern California corporate icons – the Irvine Co. and the Walt Disney Co. – has died from complications of Parkinson’s disease in Newport Beach. He was 86. In 1960, Watson was hired as the Irvine Co.’s original urban planner while the land owner faced pressure to develop more land and convince the state that the area could host a new University of California campus. [Read More...]

 
Wouldn't you be embarrassed to overpay by $100,000? Our report saves you money.

Don’t bid on a house until you see our report! It’s that important. Are house prices inflated or undervalued? What should house prices be in your search area? Are the neighborhoods and cities you are looking in overvalued? Are you missing opportunities in nearby communities? Our report has those answers. Are you better off renting instead of buying? Will your cost of ownership be more or less than a comparable rental? Is it currently cheaper to own or rent? Has it always been that way? Our report has those answers too. Save thousands on your next home. Be smarter than bubble era sheeple who overpaid and lost their homes. Get the OCHN newsletter right now. You can’t afford to wait. [Read More...]

 
Only fools buy houses without knowing neighborhood values. Don't be a fool.

Don’t bid on a house until you see our report! It’s that important. Are house prices inflated or undervalued? What should house prices be in your search area? Are the neighborhoods and cities you are looking in overvalued? Are you missing opportunities in nearby communities? Our report has those answers. Are you better off renting instead of buying? Will your cost of ownership be more or less than a comparable rental? Is it currently cheaper to own or rent? Has it always been that way? Our report has those answers too. Save thousands on your next home. Be smarter than bubble era sheeple who overpaid and lost their homes. Get the OCHN newsletter right now. You can’t afford to wait. [Read More...]

 
Smart buyers find undervalued neighborhoods. Our report shows you how.

Don’t bid on a house until you see our report! It’s that important. Are house prices inflated or undervalued? What should house prices be in your search area? Are the neighborhoods and cities you are looking in overvalued? Are you missing opportunities in nearby communities? Our report has those answers. Are you better off renting instead of buying? Will your cost of ownership be more or less than a comparable rental? Is it currently cheaper to own or rent? Has it always been that way? Our report has those answers too. Save thousands on your next home. Be smarter than bubble era sheeple who overpaid and lost their homes. Get the OCHN newsletter right now. You can’t afford to wait. [Read More...]

 
Don't suffer the pain of an underwater mortgage. Get this report before it's too late.

Don’t bid on a house until you see our report! It’s that important. Are house prices inflated or undervalued? What should house prices be in your search area? Are the neighborhoods and cities you are looking in overvalued? Are you missing opportunities in nearby communities? Our report has those answers. Are you better off renting instead of buying? Will your cost of ownership be more or less than a comparable rental? Is it currently cheaper to own or rent? Has it always been that way? Our report has those answers too. Save thousands on your next home. Be smarter than bubble era sheeple who overpaid and lost their homes. Get the OCHN newsletter right now. You can’t afford to wait. [Read More...]

 
Judical Forclosure states are lagging in foreclosures, increasing shadow inventory...again.

Oh, and California is Trust Deed state and it’s also will slow down it’s foreclosure process too. Judicial states slowing pace of foreclosures hitting the market By Justin T. Hilley October 5, 2012 • 4:37pm A growing share of foreclosures in states with a judicial process is slowing the pace of foreclosures that enter the market. In the beginning of 2007, about 45% of foreclosures were in judicial states. In June, that figure stood at 62%. Analysts at Bank of America Merrill Lynch ($9.32 -0.09%) say this is a result of not just delays from the attorneys’ general settlement early in the year, but also greater efficiency in the disposition of foreclosures in nonjudicial states. The foreclosure process can take [Read More...]

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