Just Listed in Newport Beach – Offered at $11,375,000!

JUST LISTED! – 1310 West Bay, Newport Beach — $11,375,000 More details on Renee’s site here and at the property website, www.1310WestBay.com. This extraordinary Tuscan-style custom home is located on the Newport Beach bay front, with unobstructed water views. The three-story home includes: three bedrooms, six bathrooms, a wine room, office, five fireplaces, a theatre, …

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Tips for buying in a tight market

It’s always hard to predict how long it will take to find a home to buy. Given the current low-inventory environment, it may take you longer than it would in a balanced market that has enough homes for sale to satisfy the current buyer demand. Patience needs to be a key component of your home …

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Home sales up 10.3% this past year

Despite slight monthly decline, existing-home sales up 10.3% from a year ago Existing-home sales slipped 0.6 percent from February to March as a lack of home inventory continued to constrain purchases, the NATIONAL ASSOCIATION OF REALTORS® (NAR) reported. At a seasonally adjusted annual rate of 4.92 million, existing-home sales were still 10.3 percent higher than …

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Fannie Mae sees housing upturn as “intact”

Despite some bumps in the road, the housing upturn is “intact” and rising home prices are expected to boost household net worth and offset fiscal tightening, according to a monthly economic outlook released by economists at Fannie Mae. Tight inventories continue to restrain sales of existing homes. Although the number of homes on the market …

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