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Richard & Janet OBrian - Short Sales Specialist Palmdale

Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley November 7 '09

Our hearts go out to the Fort Hood Victims and their families. In these times Janet & I have a hard time understanding, only to see it happen again in Florida, disturbing.

The Fort Hood Victims List.

Janet O'Brian is a Certified Short Sales Specialist in California and is ready to help you with your situation… Pre-foreclosures

Monthend Numbers

October '09 September '09 August '09
Listed 659 701 691
Pending 593 725 564
Sold 549 564 621

The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.
Dailys*

New Listings 34
Back on Market 16
Price Increases 3
Price Reductions 21
Pendings 30
Solds 15
Expireds 1
Inactives 6


Month to Date and Projected open Escrows*

Total Active 1,078
Total Active Core Area 707 Under 700 Nov 6 '09
Total Active REO's 161 - 9 added
Total Short Paids 247 - 2 added Pre-foreclosures
Pending MTD/Projected 155 / 664
Sold MTD 92 Projected - 394 - With 59.4% closing
Sold Last Month 549 Solds are down 28.2% Project from last month


Absorption Rate*

Current Month 1.3 Months
At Last Months Rate 1.4 Months

Historical High 5300+ Mid 2007

Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/.

Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.

(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth

*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.

Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley November 6 '09

The big news is the TAX credit is back in play and new twist repeaters might be able to get a tax credit as well…

Following the Senate’s positive vote yesterday, the U.S. House of Representatives voted 403 to 12 to extend the home buyer tax credit. Increasing the limits to include current homeowners not just first-time buyers.

President Obama is to sign the legislation quickly we hope. The federal tax credit will be extended through April 30, 2010, with a 60-day extension if a contract is in place prior to the deadline. First-time home buyers will continue to be eligible for a tax credit of up to $8,000, while existing homeowners will be eligible for a reduced credit of up to $6,500.

Janet O'Brian is a Certified Short Sales Specialist in California and is ready to help you with your situation… Pre-foreclosures

Monthend Numbers

October '09 September '09 August '09
Listed 659 701 691
Pending 593 725 564
Sold 549 564 621

The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.
Dailys*

New Listings 30
Back on Market 3
Price Increases 2
Price Reductions 8
Pendings 36
Solds 29
Expireds 3
Inactives 10


Month to Date and Projected open Escrows*

Total Active 1,080
Total Active Core Area 692 Under 700
Total Active REO's 158
Total Short Paids 242 Pre-foreclosures
Pending MTD/Projected 129 / 645
Sold MTD 80 Projected - 499 - With 62% closing
Sold Last Month 549 Solds are down 27.1% Project from last month


Absorption Rate*

Current Month 1.3 Months
At Last Months Rate 1.4 Months

Historical High 5300+ Mid 2007

Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/.

Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.

(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth

*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.

Are Homes Owners in Denial?

We have been actively working with home owners facing foreclosures. Some have been working with their lender trying for a loan modification... For the most part they are not successful and in extreme cases the lend charges a fee to buy down points or for what I just don't know...

During the loan modification the lender started the foreclosure the Notice of Default (NOD) is filed. I believe this is a deceptive on the part of the lender, and can be avoided or delayed.

If you are in trouble with your mortgage you need to know you options. First call your lender and try for a loan modification. Have a back-up plan is case the loan modification doesn't work for you. The lender is working for them selves not you.

If you can't make your mortgage payment you will be moving, however you do have a choice. You can let your home go into foreclosures or you can choose to sell Short.

Typically, when you list you home for sale you stay in your home and the lender delays the foreclosure process, giving you time to find a home to move into.

Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley November 5 '09

We have been actively working with home owners facing foreclosures. Some have been working with their lender trying for a loan modification… For the most part they are not successful and in extreme cases the lender charges a fee to buy down points or for what I just don’t know…

During the loan modification the lender started the foreclosure process and serve the Notice of Default (NOD). I believe this is a deceptive on the part of the lender, and can be avoided or delayed.

If you are in trouble with your mortgage you need to know you options. First call your lender and try for a
loan modification. Have a back-up plan is case the loan modification doesn’t work for you. The lender is working for them selves not you.

If you can’t make your mortgage payment you will be moving, however you do have a choice. You can let your home go into
foreclosures or you can choose to sell Short.

Typically, when you list you home for sale you stay in your home and the lender delays the foreclosure process, giving you time to find a home to move into.

Don’t be in Denial take Action…

Janet O'Brian is a Certified Short Sales Specialist in California and is ready to help you with your situation… Pre-foreclosures

Monthend Numbers

October '09 September '09 August '09
Listed 659 701 691
Pending 593 725 564
Sold 549 564 621

The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.
Dailys*

New Listings 34
Back on Market 7
Price Increases 2
Price Reductions 8
Pendings 33
Solds 34
Expireds 1
Inactives 6


Month to Date and Projected open Escrows*

Total Active 1,086
Total Active Core Area 716
Total Active REO's 169
Total Short Paids 245 Pre-foreclosures
Pending MTD/Projected 94 / 564
Sold MTD 54 Projected - 324 - With 57.4% closing
Sold Last Month 549 Solds are down 41% Project from last month


Absorption Rate*

Current Month 1.3 Months
At Last Months Rate 1.4 Months

Historical High 5300+ Mid 2007

Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/.

Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.

(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth

*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.

Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley November 4 '09

Confused about whether lawmakers will extend the $8,000 first-time? There appears to be a compromise arrangement that is somewhere between the most and least generous ideas that have been discussed so far.

A top financial policy analyst said “There is bipartisan compromise to extend the credit through spring and expand it to existing homeowners who are stepping up to a different home.”

The latest idea under discussion is a credit worth up to $8,000 for first-time homebuyers and up to $6,500 for homeowners looking to trade up to a bigger primary residence and who have already lived in their current home for five years!!!

Janet O'Brian is a Certified Short Sales Specialist in California and is ready to help you with your situation…

Monthend Numbers

October '09 September '09 August '09
Listed 659 701 691
Pending 593 725 564
Sold 549 564 621


The new look of the Dailys which are a set of number tracking the current trand in the Ral Estate Market in the Antelope Vally.
Dailys*

New Listings 38
Back on Market 2
Price Increases 4
Price Reductions 10
Pendings 36
Solds 32
Expireds 3
Inactives 4


Month to Date and Projected open Escrows*

Total Active 1,083
Total Active Core Area 711
Total Active REO's 164
Total Short Paids 246 Pre-foreclosures
Pending MTD/Projected 77 / 578
Sold MTD 38 Projected - 230 - With 49.9% closing
Sold Last Month 549 Solds are xxxx from last month


Absorption Rate*

Current Month 1.3 Months
At Last Months Rate 1.4 Months

Historical High 5300+ Mid 2007

Richard & Janet O'Brian Real Estate Agents in California work with buyers of all types, from first time, to investors, please let us work for you! Call us today. If you are looking for an aggressive Team to find and fight for the best deal call us or visit out website http://www.homesbyjr.com/.

Janet O'Brian is a Certified Short Sales Specialist and is ready to help you with your situation please visit her web-site.

(Quick Mapping Links for Core Areas)
Palmdale Lancaster Ana Verde Ritter Ranch Quartz Hill Leona Valley Lake Hughes Lake Elizabeth

*The Core Nunbers do not include outlying segments of the Antelope Valley or out-of-area properties. Lancaster, Palmdale, Quartz Hills, Leona Valley, Antelope Acres, Lake Elizabeth, Lake Hughes, Littlerock, Lake Los Angeles, Green Valley and Juniper Hills are included in the core grouping. All figures are Single Family Residential only.