Mission Viejo, CA

What is a Jobless Recovery??? It is where we claim that he recession is over and that everything is back to normal. Manufacturing, housing and retail sectors are back to business and we are fine.

Are you kidding!!!

If I am out of work there is no recovery, being jobless is a very serious situation. Jobs give us the money to spend to purchase the things that are made. Houses, cars, groceries, goods, stocks, anything that makes this economy work. How else could we have a recovery? I guess if we were exporting goods to other countries and they had the jobs to purchase our stuff. That is not happening.

What about government paying us (unemployment or welfare) but government does not have money unless it taxes us and takes it from those that have it and give it to those who don't. Or government could keep printing money until the dollar is worthless. Either way that does not work, therefore, without jobs we only have a false recovery. Do not tell me we have a jobless recovery.

The economists tell us that the unemployment rate is now over 10 percent and climbing. More people are losing jobs and getting poorer. Therefore, spending less on everything including taxes. So we have less taxes and fewer people working and the projections are that next year there will be more out of work than this year or jobless rate is climbing. NO RECOVERY

Mission Viejo Area Market Report

This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 4.2 percent, for new homes it is up 3.6 percent and for resale condos up 4.6 percent. The sales volume is up for resale homes 5.7 percent and up 8.8 percent on condos and down 19.6 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are down 9.0 percent and the sales volume is up 15.4 percent.
• Mission Viejo Zip Code 92692 sales prices are up 3.3 percent and the sales volume is up 33.3 percent.
• Aliso Viejo sales prices are down 13.8 percent and the sales volume is even 0.0 percent.
• Laguna Niguel sales prices are down 8.0 percent and the sales volume is up 39.7 percent.
• Rancho Santa Margarita sales prices are down 26.6 percent and the sales volume is down 7.6 percent.
• San Clemente Zip Code 92672 sales prices are up 7.0 percent and the sales volume is up 135.3 percent.
• San Clemente Zip Code 92673 sales prices are down 9.0 percent and the sales volume is up 4.3 percent

Once again as money gets tight we have investors find it difficult to purchase more homes or to get all the homes they want in their own name. That is correct it is difficult to impossible to get more than 10 properties. Why?

Even if the person is a true investor who buys homes to hold long term and rent out. The rules that make it difficult come from government control. Fannie Mae and Freddie Mac Loans set their guidlines and the rest of the financial mortgage lenders follow suit. Some lenders will not allow more than 4 properties because it was a previous rule.

Now, this rule only applies to properties that have loans on them. If they are paid off then it is not counted.

Casta del Sol is a retirement community located in Mission Viejo, CA which was named the safest city in the U.S. It is a planned development of nearly 2000 homes built in a natural environment of gentle rolling hills with many views. When the Santa Ana winds blow, you can see from some locations, all the way to the Pacific Ocean, 7 miles away and in the other direction Saddleback Mountain. Located 1 ½ miles from Mission Viejo Lake with swimming, fishing and boating, it is like living in a resort.

It was built starting in the early 1970's and finished in the1990s, so there are many different floor plans and architectural designs. These are detached and attached homes mostly single story in a guard gated community.

Activities abound both within and adjacent to our community. Having 2 pool, spa, 2 club houses, exercise room, meeting rooms and hobby rooms giving you plenty of socializing locations. Within Casta del Sol there is bowling, library, walking paths, garden club, wood carving, ceramic arts, parks etc.

This is the best location to retire iOcean beaches are only 7 to 10 miles away, lake is 1 ½ mile, mountain is 8 miles, deserts are one hour drive and theme parks in all directions.

Are you considering buying a home when the market is right? Do you know how to find out when that will be? Keeping in touch with what is going on and having the right person watching over the real estate market for you would be a good thing. Realtors pride themselves in researching and evaluating all the data that is available, to see how it will benefit their clients. There are news reports every day that the market is going up, that it is going down, buy now, buy next year, sell, don't sell, how can you possibly know what to do, if the so called experts can't agree on what to do?

Most of the time, the news that is reported, isn't right here in your neighborhood but a generalization of the whole country or at best a large metro area. You can get the facts for your neighborhood from a Realtor and find out what the house down the street is listed for or sold for. Most Realtors have a web site available that will help you to do your searches from. Some of these sites will also help you find out what is going on in other areas of the state, just in case you have to move.

Who better to assist you but someone who is spending their whole day looking at the information you need!