Elite Home Sales Team Keller Wms. Realty

• Mission Viejo Zip Code 92691 sales prices are down 10.7 percent and the sales volume is up 17.6 percent.
• Mission Viejo Zip Code 92692 sales prices are down 1.0 percent and the sales volume is up 28.3 percent.
• Aliso Viejo sales prices are down 13.8 percent and the sales volume is even or 0.0 percent.
• Laguna Niguel sales prices are down 14.6 percent and the sales volume is up 39.7 percent.
• Rancho Santa Margarita sales prices are down 2.6 percent and the sales volume is up 11.4 percent.
• San Clemente Zip Code 92672 sales prices are down 6.9 percent and the sales volume is up 64.0 percent.
• San Clemente Zip Code 92673 sales prices are down 10.6 percent and the sales volume is even or 0.0 percent

This weeks market report for San Clemente and surrounding areas shows that Orange County Median Prices for the resale homes were up 3.6 percent, for new homes it is up 4.4 percent and for resale condos up 8.8 percent. The sales volume is up for resale homes 10.4 percent and up 10.2 percent on condos and down 6.9 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are down 10.0 percent and the sales volume is up 21.3 percent.
• Mission Viejo Zip Code 92692 sales prices are up 5.4 percent and the sales volume is up 29.6 percent.
• Aliso Viejo sales prices are down 10.6 percent and the sales volume is down 4.6 percent.
• Laguna Niguel sales prices are down 16.7 percent and the sales volume is up 47.8 percent.
• Rancho Santa Margarita sales prices are down 22.4 percent and the sales volume is down 2.4 percent.
• San Clemente Zip Code 92672 sales prices are up 3.8 percent and the sales volume is up 116.7 percent.
• San Clemente Zip Code 92673 sales prices are down 12.3 percent and the sales volume is up 2.2 percent

Jobless Recovery?

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. There is NO RECOVERY!!!!

We will have the government as a landlord. For the sake of the persons who cannot make their mortgage payment we will through Fannie Mae be government landlords. Fannie just got more money from the federal government (our collective monies) because than were in trouble again.

Now, Fannie Mae will help those who can't pay the mortgage by leasing their homes back to them. What does the homeowner need to do? Give them a Fannie Mae a deed-for-lease. Does this sound good to you? They must give up private ownership of their home to the government and become a renter.

What happened to the loan modification? Or was that simply a ploy to get homes out of the hands of private citizens? Not sure.

Yes, it could be a saving grace for those who do not have money because they were cut back on a job or one spouse lost their job. The program does not have a way for the homeowner to get back to ownership. The lease is for one year and then goes to month to month.

Fannie Mae stated that they can rent at current market rates established by their management company. The idea is that Fannie Mae will be able to sell the home at a higher price in the future.

Sales are Up

I run my statistic from the Multiple Listing Service and I run them periodically to find out what is happening in our area. Here are the results of the run I did today as compared to previous runs.

• Listing for sale total for Orange County California 7,712. One year ago we had 12,749 so we have 40 percent fewer properties on the market now than then. At the markets highest inventory point August of 2007 we had 17,888 listings for sale and we have 60 percent fewer listing.
• Properties in escrow (under contract) 6,798 properties. One year ago we had 4,126 properties in escrow a 165 percent increase. At the lowest number of sales (properties in escrow) was Oct. 2007 with 1,581 we are now at 430 percent better off tha we were then.

By looking at this information we can see that we have more sales now and we have a smaller inventory it is not the seller's market that it was in 2007. It also give us information on why we have so many offers on a property. Our offers are coming in within a few days of the listing coming on the market.

One other piece of information is that the over price of a home is still going down. That may change soon.