California real estate market “struggling to gain momentum”

California home sales are expected to remain essentially flat this year and rise slightly in 2012, according to a housing market forecast from the CALIFORNIA ASSOCIATION OF REALTORS®. The trade group predicted California home sales this year will stay roughly flat compared with 2010, at 491,100 units — a relative improvement given the 10 percent …

Continue reading ‘California real estate market “struggling to gain momentum”’ »

Break on larger loans near end

Price limits for cheaper rates to expire Oct. 1 The chief economist of the California Association of Realtors says her group is resigned to seeing high-dollar limits on lower-cost “conforming” loans expire on Oct. 1, resulting in greater financing costs for people buying pricier homes. Leslie Appleton-Young said Realtors fought to extend the limit, but …

Continue reading ‘Break on larger loans near end’ »

The view from 1213 E. Balboa Blvd

Please go to www.1213EBalboaBlvd.com for more details on this property for sale in Newport Beach. Completely remodeled 3-bedroom/3.5-bath oceanfront home located on a prime lot on the Balboa Peninsula, with panoramic views of the bay, city lights and ocean.  Its custom, open floor plan is ideal for comfortable living and entertaining, with a large beachside …

Continue reading ‘The view from 1213 E. Balboa Blvd’ »

All-cash buyers pump up the local market

Cash is king in the real estate market throughout Southern California in general and in Orange County in particular, where thanks to falling home prices, more people with the means seem interested in plunking down a lump sum and getting a home free and clear. But many of these buyers aren’t just people in search …

Continue reading ‘All-cash buyers pump up the local market’ »