Foothill Ranch Blog
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Community news and real estate info by Fred CurrieFri, 04 Sep 2009 06:07:45 +0000http://backend.userland.com/rss092enWarren Buffet is buying real estateBuffet is buying real estate to demonstrate his belief in real estate value. Are the critics of Buffet on Jonathan Lansner's blog selling to back up their belief?
I'm a Realtor working in South Orange County. What I am seeing is multiple offers on most of the properties priced under $800k, ...
http://foothillranchblog.com/wordpress/2009/09/04/warren-buffet-is-buying-real-estate/
Mello-Roos increase anticipated for Foothill RanchThis came as a surprise to me: Mello-Roos assessments change from time to time depending on how the investments for the Community Facilities Districts are performing. CFD 87-4 is the Mello-Roos district for Foothill Ranch. I spoke to Don, an advisor to County Supervisor Pat Bates, today and he said ...
http://foothillranchblog.com/wordpress/2009/09/02/mello-roos-increase-anticipated-for-foothill-ranch/
Tuscany Foreclosure Starter CondoWow! You could buy a place in a gated community in Foothill Ranch for only $154,900. What a great place for a first time home buyer to get started and take advantage of the current market. This is a Fannie Mae HomePath property! This property is approved for HomePath Renovation ...
http://foothillranchblog.com/wordpress/2009/09/02/tuscany-foreclosure-starter-condo/
Foothill Ranch Highlands upgraded house $775kThis property is on a great street, not far from Foothill Ranch Elementary. The price is low because it does back to Rue de Fortuna which is the residential arterial street for the east side of Foothill Ranch. The comps are interesting on this street. There was a $1,000,000 sale ...
http://foothillranchblog.com/wordpress/2009/09/02/foothill-ranch-highlands-upgraded-house-775k/
What happend to the wave of foreclosures? Foothill Ranch Market ReportThere are 33 properties in Foothill Ranch currently listed on the MLS. (One of them is actually in Portola Hills but entered incorrectly.) 22 short sales, 1 foreclosure and there are 10 normal sales.
14 properties have closed since July 1st: 5 short sales, 5 foreclosures and 4 normal sales.
61 properties are ...
http://foothillranchblog.com/wordpress/2009/07/22/what-happend-to-the-wave-of-foreclosures-foothill-ranch-market-report/
Unemployment in Foothill Ranch Lowest in CountyOrange County's unemployment rate broken down by city gives Foothill Ranch the top position of best in the county at 2.7%. In a county that averages 8.6%
http://www.ocmetro.com/t-Wide_range_among_cities_in_Orange_County_jobless_rates_7_7_09.aspx
Why this number is so low is explained in the article above. The unemployment rate is key economic factor when looking at real estate trends. Low unemployment ...
http://foothillranchblog.com/wordpress/2009/07/08/unemployment-in-foothill-ranch-lowest-in-county/
4th of July Parade Lake Forest CAWe had a great time marching in the parade. The Cub Scouts showed off their scooter skills. We walked from El Toro High down Toledo to Lake Forest Drive up to Serrano and back to the high school.
http://foothillranchblog.com/wordpress/2009/07/07/4th-of-july-parade-lake-forest-ca/
Mixed Signals on MortgagesWhew what a day on the lending topic! In a meeting this morning at RE/MAX our in house lender spoke about the new rules that are making it harder to get a loan. By harder I mean it is now a longer process. We were advised to allow for 45 ...
http://foothillranchblog.com/wordpress/2009/06/23/mixed-signals-on-mortgages/
Is there a Bubble in Education?My experience bears out the gist of this article. In my area many High school graduations happened yesterday and the buzz was: let's go to the JC for a couple of years to save money. They are asking what is the benefit of paying high tuition for undergrad course work ...
http://foothillranchblog.com/wordpress/2009/06/19/is-there-a-bubble-in-education/
California’s $10k credit is successful!The California home new home buyer's program is working well. Buyers better hurry because there is some concern that the program will run out of money. Did you know that many builders will cooperate with buyers who are represented by a Realtor? The builder will pay the commission and the ...
http://foothillranchblog.com/wordpress/2009/06/19/californias-10k-credit-is-successful/