C.A.R. Headlines

Beyond the Headlines _01.14.10

2010 is here!

Dear Friends, Family & Clients,

We have begun a new year, and with it, new opportunities.  Like you, I’m looking forward to meeting the challenges encountered and exceeding any expectations!

I would like to thank all who sought real estate advice and assistance from me during 2009.  It was a year full of positive changes in my career, and I have been happy to have your support throughout that time.

It’s heartening to see encouraging signs in both the general economy and the real estate market in California. California most often is ahead of the nation in market recovery. Our California median home price increased in November for the first time since August 2007. Throughout 2010, we expect the statewide median home price to rise about 3.3 percent with a slight decrease in sales. It looks like the worst is behind us, and we can move forward with confidence that the market is slowly coming back.

  

I hope to see or speak with as many of you as possible this year. Whatever the challenges are for meeting in person, we can talk on the phone, or chat online. You have my best wishes as we begin our 2010 year.

Sincerely,

Nicole McFadden

949.922.8148

nicole@nicolemcfadden.com

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.