Monthly Archives January 2017

You have to do these things in the right order when buying a home

In this June 23, 2009 photo, an "in escrow" sign is seen on a home for sale in Los Angeles. The Standard & Poor's/Case-Shiller index released Tuesday, June 30, showed home prices in 20 major cities tumbled by 18.1 percent from April 2008. The 10-city index fell 18 percent from the year before. (AP Photo/Reed Saxon)

When you’re buying a home, it is crucial to get the sequence right for the best outcome. Here are three groups of events and how you want to time the activities for the best results.


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FHA to cut fees, lowering rates for first-time home buyers

This Santa Margarita condo is turn-key ready. It will be the first home for Mahyar Abab, his wife Ana Abab and their 11-year-old son Nickolas, 11.   ///ADDITIONAL INFORMATION: Real.Centerpiece.08   08/01/16 Ð CINDY YAMANAKA, ORANGE COUNTY REGISTER  She was extremely nervous about being photographed in or around her home.  Auto technician Mahyar Abab and teacher Ana Abab Marques are tired of renting, but they had a very hard time time finding a condo to buy this year. Not only were there too few homes for sale in their price range, but there were too many buyers. Five times, they got outbid. Making matters worse, they were only able to look at about half of the condominiums on the market. The Ababs are using a mortgage backed by FHA insurance, and since only about 11 percent of all Orange County condo complexes are FHA certified, the pool of affordable, decent condos is greatly restricted. Now, a bill currently sitting on President Barack ObamaÕs desk could make it easier for condo associations to get certification for FHA and VA loans. There are differences of opinion about how big an impact there will be from HR 3700 -- passed on July 14 with ZERO opposition in the House and Senate. But housing industry insiders argue that itÕs a necessary first step to increasing the pool of affordable housing in unaffordable O.C

The annual fees the Federal Housing Administration charges to guarantee mortgages it backs are being cut by a quarter of a percentage point, the Department of Housing and Urban Development sa...

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Lenders take hard line on your creditworthiness

The Bank of America's display looks like a small version of the housing market at the California Association of Realtors' annual three-day trade show at the Long Beach Convention Center ///ADDITIONAL - 10/14/08 - Photo by Michael Goulding, The Orange County Register - Additional info, CQs, and keywords for searching. Generic Caption:The California Association of Realtors begins its annual three-day trade show at the Long Beach Convention Center Tuesday. We will survey the mood of the industry after a 3-year housing slump that saw record percentage drops in home prices. Are they somber and glum? Are they upbeat about prospects for a recovery? Or are they merely delusional?

Regardless of your ability to repay your home loan, one point on a FICO score can still mean the difference between loan approval and loan denial.. read more.

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What’s next for O.C. housing? Here’s a do-it-yourself price forecaster

How will the local housing market fare in 2017?

I have a hunch, but it’s not a firm one. So for my 2017 real estate outlook column I’ll let you do all the heavy lifting...

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November house prices up 4% in Orange County, 6% in L.A., Inland Empire


Southern California housing is “overvalued,” with Orange County house prices rising 4.4 percent in November from the year before, according to CoreLogic’s Home Price Index.

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