Fountain Valley could be the first in the county to begin a program to buy bank-owned homes and sell them as affordable housing. The Fountain Valley Community Development Agency recently gave unanimous approval for a policy that would allow the city to negotiate with lenders to purchase lender-owned homes and sell them as affordable housing.
In July, President Bush signed legislation to allow local cities to start similar programs funded by a portion of $4 billion in federal funds. The move by the city is geared toward reducing the number of vacant properties caused by the recent spate of foreclosures and to provide housing for low-income households.
In its second quarter, Fountain Valley has 32 foreclosures with the median price for a bank-owned home at $567,500, according to a Dataquick report. The median price range for a home in Fountain Valley this June was $620,000. But Fountain Valley isn't the only city with numerous foreclosures, Santa Ana had 171 foreclosures during the same period.
Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.
Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.
For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.
Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.
SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home Search
Laguna Niguel Home Sales increased in August for the 22 buisness days ending August 26th 2008. There were 72 home sales in Laguna Niguel, which was an increase of 2.9 percent over the previous year. Due to an increase of first time buyers, foreclosures and a decrease in home prices, the median home price dropped 34.6 percent from August 2007. The median home price is equal to half of the homes sold in Laguna Niguel being above the median price and half of the home sales being below.
Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.
Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.
For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.
Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.
SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home Search
The buying trend continues with Orange County home buying statistics up 10% in Early August. According to Data Quick information systems, the latest home selling statistics in Orange County shows that home buying is up 10.4% versus a year ago. Sales totaled 2,718 for the 22 business days ended August 6th. These sales gains follow a July that marked the first time since September 2005 that the home sales exceeded the year-ago pace.
Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.
Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.
For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.
Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.
SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home Search
Short Sales are here for several years to come. Find out what you need to know about the current Orange County real estate market and how short sales are impacting the market by listening to Zen Ziejewski's August 2008 Podcast. This podcast will help you learn more about the short sale market and the options a seller has when considering a short sale.
What is a "SHORT SALE"? It is when the seller/borrower is asking the lender to take less then what is owed on the loan. For example, if someone has to sell their home and owes $600,000 but their home is now worth only $500,000, a short sale could be an option for the seller to help them avoid foreclosure. The short sale process is a slow and tedius process that requires someone that really knows what they are doing to get the short sale accepted. Zen Ziejewski is a short sale expert in the Southern California and Orange County Real Estate Market.
Your thoughts and feedback on this topic are greatly appreciated. Please feel free to post your comments.
Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.
For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.
Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.
SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home Search
One of the great annual events in San Juan Capistrano is taking place this weekend. It's the Rancho Mission Viejo Rodeo in San Juan Capistrano this Saturday and Sunday, August 23rd and 24th. This brings back the tradition of cowboys and the ranch lands of Orange County.
The event will include the nation's top 30 cowboys competing in roping, riding and wrestling of steer. This group of cowboys includes several world champions. The winning prizes offered will be larger than any other two-day rodeo in the country.
Where: The Rancho Mission Viejo Rodeo Grounds, corner of Ortega Hwy and Antonio Pkwy in San Juan.
Saturday:
Gates open at 2pm
Opening Ceremonies: 3:45pm
Rodeo Begins: 4pm
Concert/Dance Begins: 6pm
Sunday:
Gates open at 11:30am
Opening Ceremonies: 1:15pm
Rodeo Begins: 1:30pm
Tickets: Adults $20, Children (ages 4-12) $10, ages under 3 are free. Part of the proceeds will go to charity.
For more info go to: www.rmvrodeo.com or call 949-240-3363 ext 294
Your thoughts and feedback on this topic is greatly appreciated. Please feel free to post your comments.
Keeping you informed about the Orange County real estate market, economy and life in the OC is what I'm committed to doing.
For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.
Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.
SEARCH ORANGE COUNTY'S BEST HOMES at Orange County MLS Home Search
Laguna Niguel and South Orange County Specialist with 20 years experience & committed to putting YOU and YOUR NEEDS first! I'm here to HELP YOU with anything real estate related.
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