Four steps to buying a house in 2012

Q: I am on a mission to buy a home. I’ve wanted to own a home my entire life, and thought I would miss the opportunity to buy while the market was down, because I had no real savings when the market crashed. I think I’m ready, though, and prices still seem low. What should …

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Newport moves closer on affordable housing

Area for development is near John Wayne Airport, where a total of 2,200 homes are allowed. Agreeing to lift constraints on affordable housing development, Newport Beach officials have received tentative approval of the city’s housing blueprint. Regulators from the state Department of Housing and Community Development said last month that the city’s moves would bring …

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Distressed Real Estate Makes Its Way Into Obama’s Jobs Plan

In addition to refinancing assistance for mortgage holders, President Barack Obama’s proposed American Jobs Act includes a handful of elements that relate to the distressed real estate market, all part of what the administration has labeled Project Rebuild. The new $15 billion program is based on the Neighborhood Stabilization Program (NSP)… Read more about this …

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Preliminary Plans for 5,000 Homes Around the OC Great Park Okayed

The plan submitted by the Aliso Viejo-based developer has parks, shopping areas, trails, a school, police substation and other aspects. IRVINE — Plans for nearly 5,000 new homes ringing the Orange County Great Park won preliminary approval from a divided City Council last week. Irvine officials voted 3 to 2 on Tuesday night to OK …

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