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.

ARCHIVED BLOG POSTS

2008 

Hello again.  The president of my company, having earned his degree in Quantitative Economics and Decision Sciences, is well qualified to issue opinions on our local real estate market.  His reports have been cited in most local newspapers ( The Orange County Register and the Los Angeles Times, t...
11/29/2008
The day after Thanksgiving is a busy shopping day nationwide and, this year, analysts are paying extra attention to sales figures. Dubbed "Black Friday" in reference to red ink representing loss and black ink representing gain, today's start to the Holiday Shopping season is believed to be the da...
11/28/2008
Like everything else on Wall Street, mortgage markets are based on supply and demand.  When demand outweighs supply, mortgage rates fall. So, Tuesday, when the government unexpectedly announced a $500 billion budget for buying mortgage debt from Fannie Mae and Freddie Mac, the demand side of the ...
11/26/2008
In real estate, the term existing home refers to a "used" property; one that can't be classified as new construction. The number of existing homes sold each month is tracked by the National Association of REALTORS.  The report is often used as a gauge for the health of the real estate market nati...
11/25/2008
Business television and newspapers have made deflation a hot topic this week and, since Monday, Google has tracked 13,000 mentions of it. Deflation is a recurring cycle in which the prices of goods and services fall. Isolated to one industry or sector, falling prices is the natural result of comp...
11/21/2008
The interest rate against which adjustable-rate mortgages change is falling -- evidence that the global banking system is starting to stabilize. This is good news for U.S. housing markets. On any adjustable-rate mortgage, the initial "starter rate" remains fixed for some period of time, and then ...
11/20/2008
In March 2008, HUD temporarily raised FHA loan limits around the country.  Effective January 1, 2009, FHA loan limits revert. FHA home loans are mortgages made by private lenders and insured by the federal government.  Historically, FHA home loans have been "easier" for which to qualify than thei...
11/20/2008
Below is a link to our company president's most recent Orange County Real Estate Market Report: http://www.OurAgentSpot.com/sthomas/MarketTime-Nov-13-08.pdf For a briefer synopsis, this next couple of months represent a good opportunity for local home buyers, with lower prices, and reduced compet...
11/20/2008
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Bob Phillips

CDPE, SFR, South Orange Co., CA
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