Elite Home Sales Team Keller Wms. Realty

Statistics The Orange County Area Statistics

A new report shown monthly sales pace reported at 71 percent of a recent 20 year average. DataQuick showed sagging home prices and sluggish sales in their weekly housing reports.

The median price is at $400,000 which is down 7.5 percent from a year ago and 38 percent below June of 2007. Home buyers purchased 2,557 Orange County properties down 4.4 percent from a year ago and 71 percent over 20 yeaqrs ending 2009.

San Clemente, Realtor Mark Paulson, Area Market Report 12/26/2011

This weeks market report for San Clemente and surrounding areas from San Clemente Realtor shows that Orange County Median Prices for the resale homes were down 8.0 percent, for new homes it is down 5.7 percent and for resale condos down 13.0 percent. The sales volume is up for resale homes 0 percent and down 2.0 percent on condos and down 37.6 percent for new homes.

• Mission Viejo Zip Code 92691 sales prices are down 6.1 percent and the sales volume is up 27.9 percent.
• Mission Viejo Zip Code 92692 sales prices are up 6.5 percent and the sales volume is up 0.0 percent.
• Aliso Viejo sales prices are down 10.5 percent and the sales volume is up 22.1 percent.
• Laguna Niguel sales prices are down 11.6 percent and the sales volume is up 24.7 percent.
• Rancho Santa Margarita sales prices are down 6.3 percent and the sales volume is up 13.6 percent.
• San Clemente Zip Code 92672 sales prices are down 27.3 percent and the sales volume is down 0.0 percent.
• San Clemente Zip Code 92673 sales prices are down 15.9 percent and the sales volume is up 42.4 percent.

What Did The Deal Cost Us

This week The Orange County Register reported that Lendingtree.com's Chief Economist has calculated the cost of the deal worked out in Washington, DC. The deal where the contribution to Social Security is being reduced to give a tax moratorium. That the President and Democrats made such a big fuss over last week causing the Republicans in the House to cave. The tax payer got 2 month extension.

The cost to the home owner will be an added 1.25 percent. Shifting the cost to the homeowner. In addition, Social Security which is severly underfunded and going broke will go broke faster. We do not stop spending on items that are not critial to each of us as is Social Security. Like the Endowmet of the Arts, or funding of PBS, or any of many other less critial costs to government.

The increase of costs in the mortgage will cause a slow down or at least hurt the recovery in this sector. All that chatter about how the 2 month extension would help jobs, individuals, and business is bogus. It is all used to embarrass or change the debate not fix anything. 2 months of $20 per week for permanent changes that costs the middle class more. Note the agreement is from both Democrats and Republicans. Congress still doing nothing but hurting the middle class.

Follow California's Lead

Some say that if you want to know where the US is going because the rest of the nation will follow California's lead. That is to say we are a trend setter. I really hope not!

California has passed bills to allow foreigners from Mexico to get tuition and grants to our colleges at the same rate as Californians. We have passed laws that will give cap and trade as a solution to global warming. Hurting the competitiveness of California's businesses. We are asking the people if they will allow for a higher tax rate so that the legistlature can spend more. Our legislature is spending without limits.

California has one of the highest unemployment rates in the country and we are broke. Some of you will state, "So What!" They are a land of crazies. Maybe so but these crazies, spawned those in the US legislature. We cannot farm the great central valley of California. Over 40% unemployment in some cities there. All due to the protection of a 1 inch long fish. The water is not allowed to irrigate the farms and is run by them to the ocean.

What does this have to do with real estate? Let me tell you. It keeps the government collecting money and the people poor. They cannot work and they cannot purchase homes. If you believe in the Occupy movement the collective and think that is the way out. Think again. Really, we get those who work to supply money to those that don't. Why work? Our system will colapse as has every country that has tried it.

This country has become great because we can all make it to wealth. I grew up in a poor neighborhood and I have had success as a Realtor. I have also failed at other businesses. But it has been the failures that has added to my experience and made me stronger than a lot of my competition. Same is true of US businesses and it people. We are strongest if allowed to be free to fail as well as succeed. If you do not let people experience hurt and small or big failures they cannot endure.

We in California are trying to save the child, save the planet, save the individual, save the animals, help the poor, and help any cause that we can think of that might cause hurt and or distress. By doing that we are failing as a State. We are failing the people of the state and we are not giving people the ability to succeed.

So, What is going on in California is exactly what we all should learn from. The status quo for California has failed and will fail. If we want a change we have to take a different direction and try smaller government and give the money and profit back to the people. That would mean lower taxes and less government.

What started this rant was the realization that we have a 31 month low in housing prices. We also saw that overall, 2297 Orange County residences sold last month, one of the slowest rates we have seen. It was 1988 since we last saw such a slow market.