Bob's Coto Blog

By
Real Estate Agent - Realty ONE Group - Calif BRE # 00581357
All you need to know about Coto de Caza California - a one of a kind gated community which includes two 18 hole golf courses, and a wonderful lifestyle.
RECENT BLOG POSTS
313,841 foreclosure filings were made in June, according to foreclosure-tracking firm RealtyTrac. The figure represents a 3 percent drop from May and 7 percent drop from June of last year. However, foreclosure filings remain relatively high nationwide. June marks the 16th straight month the fili...
07/15/2010
The supply of newly-built homes for sales plummeted in April, a positive indicator for the South Orange County housing market as we head into the summer months. It's no wonder that homebuilders are breaking new ground at the fastest clip in 2 years.  At the current sales pace, the nation's comple...
05/28/2010
Because of strife in Greece, Spain and North Korea, conforming mortgage rates are back to all-time lows. They're at levels not seen in 50 years.  For homeowners that missed the Refi Boom of November 2009, it's a second chance. In this well-presented, 3-minute video from NBC's The Today Show, you...
05/27/2010
Sales of existing homes rose in April, buoyed by an expiring home buyer tax credit and exceptionally low mortgage rates. As compared to March, April's Existing Home Sales rose by 410,000 units nationwide -- the second straight month of large gains. An "existing home" is a home resold by a prior o...
05/25/2010
While the demand for mortgage loans to purchase a new home has declined following the expiration of the home buyer tax credit, mortgage applications overall, increased last week as home owners looked to refinance. Mortgage rates have reached their lowest levels since March and many homeowners are...
05/23/2010
DataQuick’s homebuying stats for April are out, and they show a real estate market still on the mend with sales of all residences of 2,669 — that’s up 11.60% in a year and the best April in 3 years. Median selling price was $430,000 — up 13.2% in a year. Also … Slice Price Yr. ago Sales Yr. ago H...
05/18/2010
    ForeclosureRadar: Cancellations up 174% year-over-year Foreclosure cancellations in California skyrocketed 174 percent year-over-year in April, according to a report by foreclosure data company ForeclosureRadar. At the same time, foreclosure filings in the Golden State fell month-to-month for...
05/16/2010
  On the first Friday of every month, the U.S. government releases its Non-Farm Payrolls report.  More commonly called "the jobs report", Non-Farm Payrolls is a major market mover. The number of working Americans is directly tied to the health of the economy which, in turn, drives the stock and b...
05/07/2010
There is an interesting phenomenon going on, even while doom & gloom bloggers predict gigantic Tsunami's of foreclosures heading our way. The following is excerpted from an article out of Texas this week. "Every week, new home sellers are hitting the market, basing their initial asking prices on ...
05/06/2010
Mortgage markets worsened last week in see-saw trading. By the time Friday's market closed, mortgage rates were higher across the board -- ARMs, fixed rates, FHA and conventional. The biggest stories of last week were actually non-stories.  First, the ash cloud from Iceland’s Eyjafjallajökull vol...
04/26/2010
Rainer
144,691

BobPhillips

CDPE, SFR, South Orange Co., CA
local_phone(949) 643-2100
smartphone(949) 887-5305
Contact The Author