Interesting People in Laguna Beach – A Continuing Series If you’re at all familiar with Laguna you know it’s full of characters. Well one of the more well known infamous characters is Jean Paul aka ‘The Coffee Nazi’ the owner of Jean Paul Goodies located by Pavilions in North Laguna. For coffee aficionados, Jean Paul [...]
Laguna Beach Real Estate September 2011 Market Update
Summary The number of homes for sale less than a million has shrunken to 60 homes from over 100 not to long ago and it’s resulted in less sales overall since the lower end had the most sales. Most of the activity is now in the $1m to $2m range. You can get loans and [...]
Mortgage Rate Update: Another All-Time Low!
Mortgage Rate Update Yesterday 30 year mortgages had one of its best days in over a year. The Fed at one of their pre-scheduled FOMC meetings did what markets were expecting, plus more. The view prior to the FOMC policy statement at 2:22 yesterday was that the Fed would institute “Operation Twist” as it has been [...]
Orange County Real Estate Mortgage Pre-qualification vs Pre-approval with RTC Mortgage
A “Pre-Approved Buyer” Has the Advantage! The Pre-Approval process is one of the most important but often neglected parts of the home buying process. A pre-approval should always be obtained before a buyer even begins to shop for a home, no matter how well-qualified he or she thinks they are. Today’s mortgage qualification guidelines are [...]
August 2011 Laguna Beach Real Estate Market Update
Bad Record – The lowest closed sales (20) in August for the last 6 years Good Record – The highest amount of ‘in escrow’ properties (77) for the last 6 years 40 properties went into escrow this month alone – a year high 20 properties have closed (11 were below $1m, 4 were between $1m [...]
Mortgage Update: How Rate-Locks Work
HOW RATE-LOCKS WORK The volatility and improvement in the financial markets this week makes me want to talk about Rate Locks today. The Basics: First of all, understand that mortgage rates change every day and throughout the day. Lenders allow us to lock in our borrowers interest rates in order to protect them from potential [...]
July 2011 Laguna Beach Real Estate Market Update
July was a Dynamic Real Estate Month in Laguna Beach Summary: Closed Sales were up Properties going into escrow were down More sales (8) over $2m, but still anemic with 55% of 343 homes for sale over $2m 30% of active properties had price drops Details: As of July 26, 30 properties have closed, which [...]
July 26, 2011 Laguna Beach Real Estate Market Update
As of July 26, 23 properties have closed (11 were below $1m, 6 were between $1m to $2m, 6 were over $2m 2 closed sales were foreclosures, and 4 were short sales 15 homes went into escrow thus far 5 was less than $1m 5 was between $1m and $2m, and 5 are above $2m [...]
