California's Housing Inventory @ 5 year Low

For my buyers this has been a challenge and for my sellers, let's make sure we don't miss the opportunity. I have experienced this change in motion in our under $700,000 market for the past 8 months. Like stated in this article, motivation is most likely being driven by the tax credit initiative that will expire in the coming months.

Read More on Inventory by clicking image below:

Read more on the tax credit facts by clicking image below:

Just Leased- 4,344 sqft. Commercial Suite

-Furnished
-Excellent Freeway Access
-Visible from 405
-Great Airport Area Location

In Escrow

In Escrow

Aliso Viejo, CA

Median Home Price Calculations

92679-Coto de Caza area
Median Home Price $669,000

Zillow Home Value Index

More 92679 Home Values

92612- Irvine High and Mid Rise Communities
Median Home Price $493,20

Zillow Home Value Index

More 92612 Home Values

Mission Viejo Area
Median Home Price $485,500

Zillow Home Value Index

More Mission Viejo Home Values

30-Year Rates Down

Freddie Mac released the results of the Primary Mortgage Market Survey® showing a 30-year fixed-rate mortgage averaged 4.99 percent with an average 0.7 point for the week ending January 21, 2010. This is down from last weeks average of 5.06 percent. 
To read more:
http://www.freddiemac.com/pmms/release.html?week=3&year=2010&display=release