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Posts Tagged ‘callwarner.ft’

Weekly Primary Mortgage Rates – December 15, 2011

December 15, 2011 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.94 % 3.21% 2.86% 2.81 %
Fees & Points 0.8 0.8 0.6 0.6
Margin N/A N/A 2.75 2.76

From Freddie Mac

Dave & David Warner

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O.C. home prices hit 31-month low

December 13, 2011 1 comment

Orange County’s home pricing got hit with autmun’s chill, as builders had a record-worst sales month.

DataQuick reported this morning that 2,297 residence sold in November. That is up 1.8% from a year ago. That gain came at a price. Literally.

Median selling price was $400,000 — the lowest since April 2009 and off 8.0% in a year. Orange County’s median first hit $400,000 in May 2003.

By the slice:

  • 1,495 single-family residences sold last month. That is up 6% from a year ago.
  • 664 condos sold last month. That is up 8% from a year ago.
  • Builders had 138 new-home sales last month. That is down 42% from a year ago. It was the slowest November for developers in DataQuick records that date to 1988.

And more analysis ….

  • $400,000 median selling price is 38% below June 2007′s peak of $645,000.
  • Current price is 11.1% below 2010′s peak (May and July) of $450,000; 2% below end of 2010′s median ($410,000.)
  • The most recent median is 8% above the cyclical low hit in January 2009 at $370,000 — so the median has recouped 11% of the $275,000 price drop from the peak.
  • Compared to cyclical low, single-family house median is 10% higher ($418,250 in January 2009); condo median is 1% higher ($252,000 in March 2009.) Builder prices for new homes are 35% above June 2009′s $424,000 bottom.
  • The median selling price of a single-family home is 37% less than their peak pricing (June ’07). Condos sell 46% below their peak in March 2006. Builder prices for new homes are 34% below their February ’05 top.
  • Single-family homes were 80% more expensive than condos in this period vs. 71% a year ago. From 1988-2010, the average house/condo gap was 57%.
  • Builder’s new homes sales were 6% of all residences sold in the period vs. 10% a year ago. From 1988-2010, builders did 14% of the Orange County homeselling.

From The OC Register, today

Weekly Primary Mortgage Rates – December 8, 2011

December 8, 2011 1 comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 3.99 % 3.27% 2.98% 2.80 %
Fees & Points 0.7 0.8 0.5 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac.

Dave & David Warner

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Home Sales Increase Across the Country

November 29, 2011 Leave a comment

We’ve just come off a weekend with positive retail news and our friends at Keeping Current Matters bring us a report by the National Association of Realtors that casts a positive signal for Real Estate…Home Sales Increase Across the Country.

The National Association of Realtors recently released their 2011 3rd Quarter Housing Report. In the report, they showed that combined sales of single family homes, condos and co-ops increased in EVERY state as compared to the 3rd quarter of last year. Here are the state-by-state numbers.

The next time someone says houses aren’t selling, ask them which state they live in and show them the chart.

Dave & David Warner

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Just Listed – Laguna Woods

November 14, 2011 Leave a comment

Click here to see the Laguna Woods  Flyer

Click here for  your  Search MLS

Dave & David Warner
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Weekly Primary Mortgage Rates – November 3, 2011

November 3, 2011 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.00 % 3.31% 2.96% 2.88 %
Fees & Points 0.7 0.7 0.6 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac

Dave & David Warner

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Weekly Primary Mortgage Rates – October 20, 2011

October 20, 2011 Leave a comment
Regional Breakdown 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM
Average Rates 4.11 % 3.38% 3.01% 2.94 %
Fees & Points 0.8 0.8 0.6 0.6
Margin N/A N/A 2.74 2.76

From Freddie Mac

Dave & David Warner

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