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Tony’s Video Tells All

Home sales drop 19% in north O.C.

“For the 22 business days ending April 12 – freshest numbers from DataQuick — our region-by-region analysis of local real estate trends finds Orange County homebuying slicing up by geography this way …”

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Foreclosure flips: Risks vs. rewards

‚ÄúThere’s no hotter market in Orange County right now than foreclosed properties.
But if you’re an investor, there’s a lot that can go wrong at the auction. And, sometimes surprisingly, things can go very, very well.‚Äù

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Slow spring: Home demand off 5%

“The latest Orange County home inventory report from local broker Steve Thomas — data as of April 28 — says …
Demand, the number of new pending sales over the past month, decreased by 5% over the past month, shedding 169 pending sales and now totals 3,189.”

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New Households Forming at Fastest Rate Since ’07 Signaling Resurgent U.S.

“Shelby Webb, 22, rented her first apartment three weeks ago in Chattanooga, Tennessee, after landing a job translating ads for a Spanish-language newspaper. Now, she’s paying monthly bills for electricity, cable television and natural gas for the first time and has bought new pillows from Wal-Mart Stores Inc.”

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Monday Morning Cup of Coffee

‚ÄúA look at stories across HousingWire’s weekend desk, with more coverage to come on bigger issues:
Many U.S. stocks opened higher Monday morning, as the markets and the world react to the death of Osama bin Laden.”

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Pending home sales rose 5.1 percent in March

‚Äú(Reuters) – Pending sales of existing U.S. homes were much stronger than expected in March and a homebuilding company trimmed losses, offering faint glimmers of hope for the depressed U.S. housing market.‚Äù

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Fed's Duke: want to help cities with excess vacancies

‚Äú(Reuters) – Federal Reserve Governor Elizabeth Duke told a community affairs conference in Arlington, Virginia, that the central bank wants to help cities suffering from an excess of foreclosed and vacant properties.‚Äù

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10 places where housing is soaring

“The U.S. real estate market might still be a mess, but in other parts of the world home prices are getting downright frothy. These countries saw the greatest jump in housing prices during the past year.”

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Judges See Little Improvement in Foreclosure Procedures

“Some judges are skeptical of claims by lenders that they have substantially improved their foreclosure procedures since controversy over the practices exploded last fall.
F. Dana Winslow, a N.Y. State Supreme Court Justice in Long Island’s Nassau County, said there has been only “a marginal improvement in what is being submitted to the court.”

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