An Insider's Look at Real Estate

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Real Estate Agent - TIM LORENZ - Elite Home Sales Team - BRE# 00919781
This blog will post interesting views of the Real Estate Profession and have information to the buyers and sellers in the area.

ARCHIVED BLOG POSTS

2010 

Now this is something to note Lannar had a grand opening on May 22, 2010 in Irvine for a project called Central Park West an urban-style project, but they sell no homes.  I find this really interesting that with a crowd of 2,200 people that turned out and a $10,000 incentive from the state of Cal...
05/30/2010
Even though public auctions for foreclosed properties is increasing the standard sales (equity sales) are more frequently purchased than all of the distressed sales in Orange County.  The buyers are not as interested in purchasing the short sale or the foreclosed property.  The better deals that ...
05/30/2010
Tuesday the mega firm First American is the second largest title company and is spinningoff its real estate data and consumer data business CoreLogic.  CoreLogic is the largest despository of real estate and consumer data.  This is all to happen on Tuesday. The hope of First American and CoreLogi...
05/30/2010
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 14.8 percent, for new homes it is up 39.9 percent and for resale condos up 16.6 percent.  The sales volume is up  for resale homes 10.1 percent and down 29.1 perce...
05/30/2010
  28165 Westfield Drive, LN $565,000 Attractive single story, 3 bedroom home with city lights view. This home features hardwood floors, French doors, fireplace, recessed lighting, and beautiful granite countertops in secondary bath. Exterior highlights are a private lap pool, in ground spa and co...
05/27/2010
The Orange County market is currently showing a 25% market share for single family, and 39.1% market share of homes that are distressed properties, that is still a lot of homes.  The number of distressed home sales is dropping and that is a very good sign.  It does appear that the lower end of th...
05/23/2010
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 17.4 percent, for new homes it is up 32.8 percent and for resale condos up 16.6 percent.  The sales volume is up  for resale homes 9.7 percent and down 11.1 percen...
05/23/2010
In order to obtain financing for buyers on condominiums, lenders generally require a Homeowner's Association Certification to evaluate the financial feasibility of the development. When processing a loan on an existing condominium development most of the concerns are in the following areas: 1)   ...
05/23/2010
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This last week: We closed our listing at 8291 Polk circle in Huntington Beach it sold for $500,000 a single family home. We closed a condo at 233 Encantado Canyon in Rancho Santa Margarita, a condo for $340,000. We closed a large home in Coto de Caza at 31832 Via Coyote a single family home that ...
05/16/2010
This weeks market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 18.6 percent, for new homes it is up 25.3 percent and for resale condos up 19.3 percent.  The sales volume is up  for resale homes 4.0 percent and up 8.0 percent on...
05/16/2010
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Tim Lorenz

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