Catalina Island 12.9.09

On my drive to Orange yesterday on the 261 Toll Road...

Sometimes we need to stop and enjoy where we live.

                                                  ~Nicole McFadden

Just Leased- Commercial Suite In Irvine

Bayside Insurance Group
2405 McCabe Way Suite #211
Irvine, CA 92614
http://baysidegroup.net/

• 1,742 square feet
• 6 private offices
• Excellent Location visible from the I-405 

Home Prices Rise 0.9 Percent in Third Quarter

December 8, 2009

Second Consecutive Quarterly Increase in Home Values Affected All Regions

McLean, VA – Freddie Mac (NYSE: FRE) announced today that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series registered a 0.9 percent quarterly gain (3.8 percent annualized) during the third quarter 2009 for the U.S., following an upward revised 2.0 percent pickup (8.2 percent annualized) in the second quarter and marking the second consecutive quarter of price increase. The increases of the past two quarters erased about two-fifths of the declines registered during the final quarter of 2008 and the first quarter of 2009; over the year ending with the third quarter of 2009, U.S. home sales prices were down 3.9 percent in the CMHPI Purchase-Only Series.

This is good news for my sellers who have been waiting. I feel that through my time spent in the field showing property that the buyers are there and they know what they want. As home prices begin to rise the buyers are more likely to start putting offers before they miss out on the tax credit and incentives.  Please call or email me to discuss the current market value of your home or your real estate questions, 949.922.8148.

REO & Short Sale Facts for buyers

Today's buyers seem to have one thing in common: Everyone wants a great deal. So the real issue is whether the foreclosure, REO or short-sale property you're eyeing is a bargain or a money pit.

The buying public seems to think that "great deal" equals foreclosure, short sale or bank-owned property. The truth is that these properties may appear to be bargains, but in many cases you could be buying someone else's problems. If you're looking for a bargain property, here are some key issues to consider:

CLICK BELOW TO READ FULL ARTICLE:

REOs, short sales aren't always bargains

Some find quality, convenience take back seat to price

BY BERNICE ROSS, MONDAY, NOVEMBER 30, 2009.

Inman News

Happy Holidays!

As you gather with family and friends on this holiday, remember that it is a time to be grateful for events that have taken place in our history and the people we care about most.  I wish you and yours a great holiday season and a Happy Thanksgiving.

Sincerely,

Nicole McFadden

30-Year Rates Match All Time Low This Week

November 25, 2009

15-Year FRM Drops to Set Another New Low in Freddie Mac Survey History

McLean, VA – Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week ending November 25, 2009, down from last week when it averaged 4.83 percent. Last year at this time, the 30-year FRM averaged 5.97 percent. The 30-year has not been this low since the week ending April 30, 2009, when it averaged 4.78 percent.

To read full release click here.

© 2009 Freddie Mac

California Terrace Market Report

California Terrace is one of my farms and it offers great  floor plans and a superbly maintained neighborhood. The prices range from the low $300,000's up to about $500,000.  Great for a first time home buyer, young professional or a small family! We currently have al properties in escrow but if you would like me to inform you of any new listings please comment, email or call me directly and I will be happy to help you stay up to date.

Click on Market Report Image to View

CAR Market Matters Report

Beyondtheheadlines_110509

Tax Credit Extended and Expanded

I want to share with you the Senates favorable vote yesterday, November 4, 2009, in favor of extending and expanding the parameters from first-time home buyers to include existing homeowners.  I included a comparison chart below with a link. 

The president of the California Association of Realtors shared this with me today:

"As it now stands, the federal tax credit will be extended through April 30, 2010, with a 60-day extension if a binding 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. To qualify for the $6,500 credit, existing homeowners must have lived in their current residences for at least five years. The bill also increases the qualifying income limits from $75,000 for single tax filers and $150,000 for joint filers to $125,000 and $225,000, respectively. The purchase price of the home is capped at $800,000 in both instances.

Under additional provisions included in the bill, taxpayers can claim the credit on purchases completed in 2010 on their 2009 income tax returns. The legislation maintains the provision that home buyers do not have to repay the credit provided the home remains their primary residence for 36 months after purchase, and waives this requirement for active duty military personnel who move due to a military order."

James Liptak
2009 President

CALIFORNIA ASSOCIATION OF REALTORS®

Los Ranchos Estates Newest Listing

This Coto de Caza home is the only property priced under $3,000,000 in the Los Ranchos Estates and was just built in 2004.

If you would like information on this and other Coto de Caza properties please comment, call or email me.

50 Days until the $8,000 tax credit deadline

Some helpful dates for you to remember:

October 15: The safest date to have your signed purchase agreements submitted and close by November 30th deadline.

November 19: The ABSOLUTE last day for a signed purchase agreement, best cased scenario with traditional pre-approved buyer.

November 30: The federal tax credit expires and all loans must close on or before this date.


Please call me with any questions or to help you start looking. Rates have been at an all time low in the past week and activity has picked up. Take advantage of this buyers market, 949.922.8148.

October 2009 Monthly Update Report & Statistics

Click Here for the Complete O.C. Report

Newport Beach & Corona Del Mar Top 12

For more information about any of these properties, contact Nicole McFadden. I always welcome your comments, questions, and local knowledge.

Long Term Mortgage Rates Ease Further This Week

Click Here To Read Full Article and Rates

CA Terrace 3 Bedroom

This is a new listing within my neighborhood in Mission Viejo. It is a upgraded, end unit and one of the best floor plans! Please call or email me to discuss seeing this property.
CA Terrace

Los Ranchos Estates Market Update October

The Los Ranchos Estates is one of Orange Counties most exclusive communities. It is located within the guard gated private community of Coto De Caza and is unique for its acreage,  equestrian trails, and large custom estate properties. Please call me if you have any questions or wish to discuss this community.

Avenue One Market Update October

Avenue One Community provides a wealth of amenities that are on site and convenient for all residents within this gated master-planned community in Orange County. Irvine's Avenue community features an outdoor swimming pool and spa area, a signature tot lot for children, a comfortable lounge, large screen television, catering size kitchen, and pool tables, a business center, full service fitness center and an indoor basketball court.

Newport Beach Top 13

This week there were so many great deals I added 3 extra.

Some details to entice you:

· $899,0000 – 3 bed/3 bath in Newport Coast

· $494 per sq ft in the Port streets

· $1,995,000/ $515 per sq ft in Crystal Cove

· 4000 sq ft, 4 bed/4 bath home with views for $1,695,000

· Pelican Ridge ocean view home for $1,749,000

· 6 bed/4 bath CDM village SFR for $1.1/$313 per sq ft

· Newport Beach condo - $267,000

· 4874 sq ft home w/ ocean view on Cliff Dr for $2,195,000

· 5 bed/5 bath 6000 sq ft built in 2005 for $2,350,000 /$386 sq ft! (not a short sale or REO)

· $2,799,999 ON the WATER

Top 13 9-22

Los Ranchos Estates Live Auction October 18th 12:00 p.m.

We have only seen one transaction take place in Coto De Caza's prestigious Los Ranchos Estates this year to date. I grew up calling the Los Rancho's Estate's my home and many of these properties I witnessed being built. My family happily resides within the same home and enjoys the peaceful tranquility of having a nice size lot and ultimate privacy. Unfortunately this autcion is a sign of the times for our high end custom estates througout the county. If you have any questions or would like more information on this particular neighborhood or property please call me directly 949.922.8148.Secoya Way Auction

Featured Pfeif Group Listing

1820 Port Charles

6 Bedroom, 7 Bathroom

$3,349,000

Don't Miss Your Opportunity First Time Buyers!

If you have found yourself as a first time homebuyer trying to decide on whether to buy your first home, this could be the time for you. I want to share with you a few facts to consider:

1.Federal Tax credit of up to $8,000 will no longer be available after November 29, 2009.

http://www.car.org/tools/smart/clients/taxcredit/?version=2

2.We are still seeing the lowest rates in history on mortgage loans.

3. Most economists that study the market have seen we are near the bottom.

4. By renting you are paying someone elses mortgage.

The prevailing thoughts in the news are that the first time home buyers tax credit will bot be renewed. Take advantage of that paired with low interest rates and find a perfect property to call HOME!

M.V. opportunities not in the MLS

I have 6 interested sellers. These are single family homes, not short sales or REO's, and are located near the cross streets of Crown Valley and Marguerite. Call me if you are interested in learning more, 949.922.8148.

Selling your Home

It is important to understand the buyers market today. It will help you know who might be a good fit for your home and ensure that you highlight the most vital features. They are potentially looking at all the homes in your area and you want to be sure you stand out.

Some types of Buyers:
-single first-time
-working couple
-family
-retirees
-empty nesters
-professional single women

Taking a closer look at these groups wants and needs can help identify what’s important to each. Knowing your buyers market gives you an advantage—you can highlight the features of your home that are most likely exactly what those buyers want and understand what a buyer may be comparing your home to in your neighborhood and area.

Anaheim Hills Townhouse

This was a great property located in the gated community of Viewpointe North in Anaheim Hills.
The pools are dispersed throughout and not one unit felt like it was cramped into a spot of stacked upon another. If you were able to get a front row unit you could have views from Yorba Linda to L.A.

My clients have kept this property as an investment. This gated community is one of the most open and inviting I have visited in a long time.

Taste Of Newport September 18-20

http://www.tasteofnewport.com/

The 21st annual Taste Of Newport. This is always a good time. The weather is perfect and the entertainment makes is all worth the eating and drinking. Just to get outdoors and know what eateries are in the area for you to enjoy year round make it worth it!

Freddie Mac: 30 year fixed mortgage rate at 5.08%

Interest rates dropped during the past week, continuing a weekly seesaw that began in July. According to the Freddie Mac's Primary Mortgage Market Survey for the week ended September 3, the 30-year fixed-rate mortgage (FRM) averaged 5.08 percent with 0.7 point. A week earlier the average had been 5.14, also with 0.7 point. http://www.freddiemac.com/pmms/release.html

2009 Race for the Cure Newport Beach

Join my family and I to walk or run for the cure. I have had a personal connection with breast cancer within my family and have chosen to walk the Race for the Cure for the 2nd time. This time it is with family. My cousin has arranged a team in honor of our grandma, Janet Marie and our aunt Cynthia. Please join us September 27, 2009.

Join our Team: http://www.ockomen.com/race/lovelifejanetmay

Support my fundraising goal:

http://www.ockomen.com/faf/donorReg/donorPledge.asp?ievent=310226&supId=270295222

7:30 5K Run/Walk 9/27/2009 7:30 am - 9:30 am

Calabasas Estate

My friends and their family have just listed their beautiful 8,000 sqft., mountain view, 5 bedroom and 6.5 bath custom estate.


Please contact me if you are interested in this beautiful property.

Southland home sales rise again as higher-cost areas awaken

August 18, 2009

La Jolla, CA---Southern California homes sold last month at the fastest clip for a July in three years and the fastest pace for any month since December 2006. The median price paid rose slightly from June – marking the third consecutive month-to-month gain – as sales in pricier coastal areas continued to rise and sales of lower-cost foreclosures waned, a real estate information service reported.

A total of 24,104 new and resale houses and condos closed escrow in San Diego, Orange, Los Angeles, Ventura, Riverside and San Bernardino counties last month. That was up 3.6 percent from 23,262 in June and up 18.6 percent from 20,329 a year ago, according to San Diego-based MDA DataQuick.

July’s sales total was 8.7 percent lower than the average number sold in July – 26,410 – since 1988, when DataQuick’s statistics begin. July home sales have ranged from a low of 16,225 in July 1995 to a peak of 38,996 in 2003.

Sales have increased year-over-year for 13 consecutive months. They’ve been driven higher by increased affordability, low mortgage rates, plentiful government-insured FHA financing for first-time buyers, robust investor demand and, more recently, improved access to the “jumbo” financing used to buy more expensive homes.

click here for full article.

http://www.dqnews.com/Articles/2009/News/California/Southern-CA/RRSCA090818.aspx

	Sales Volume			Median Price
All homes	Jul-08	Jul-09	%Chng	Jul-08	Jul-09	%Chng
Los Angeles	6,592	8,082	22.60%	$400,000	$321,000	-19.80%
Orange	2,799	3,128	11.80%	$461,000	$420,000	-8.90%
Riverside	4,116	4,699	14.20%	$260,000	$185,000	-28.80%
San Bernardino	2,521	3,549	40.80%	$230,000	$140,000	-39.10%
San Diego	3,431	3,809	11.00%	$364,000	$320,000	-12.10%
Ventura	870	837	-3.80%	$420,000	$375,000	-10.70%
SoCal	20,329	24,104	18.60%	$348,000	$268,000	-23.00%

Source: DQNews.com Media calls: Andrew LePage (916) 456-7157 or John Karevoll (909) 867-9534

Copyright 2009 DataQuick Information Systems. All rights reserved.