Archive for September 7th, 2007
OC Community Realtors Come Together to Support Local Families
Hey friends,
Just wanted to tell you about something really special going on right here in Orange County.
Laguna Board of REALTORS®, Newport Beach
Association of REALTORS® and Orange County Association of REALTORS® are joining forces to raise $250,000 for the Homes for Heroes / Foundations for Families Project. It’s part of a community of 27 homes being built in San Juan Capistrano. 14 of the homes will be targeted for injured veterans and/or families of deceased veterans.
There will be a Donor Celebration on Oct 18th to kick off the event in the heart of San Juan Capistrano. The menu will be planned by Two Guys Grilling from Dana Point so come hungry!!Everyone who makes a donation of $100 or more is invited to attend.
If you are interested in making a donation just contact Teryll Hopper at Teryll@ocar.org. Sounds like it’s going to be a great way to celebrate a worthy cause and enjoy the Orange County scenery.
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Market Update per the California Association of Realtors
Hi everyone,
Just wanted to give you some quick stats from my CAR newsletter on the California real estate market. Its nice to see the median home below 600K again. Now is a great time to buy. I saw a really cute 2/2 in Rancho available for 370 today – nice 🙂
Calif. median home price – June 07: $594,260(Source: C.A.R.)
Calif. highest median home price by C.A.R. region June 07: Santa Barbara So. Coast $1,375,000 (Source: C.A.R.)
Calif. lowest median home price by C.A.R. region June 07: High Desert $306,310 (Source: C.A.R.)
Calif. First-time Buyer Affordability Index – Second Quarter 07: 24 percent (Source: C.A.R.)
Mortgage rates – week ending 8/31: 30-yr. fixed: 6.45%; Fees/points: 0.5% 15-yr. fixed: 6.12%; Fees/points: 0.5% 1-yr. adjustable: 5.84%; Fees/points: 0.8% (Source: Freddie Mac)
I also wanted to give a shout out to one of our favorite lenders, Derek Besiner, for keeping everyone up to date on the mortgage market / crisis so we’re informed. He’s been sending out great informational emails about what’s going on in California mortgage land. At times like this, people need unbiased updates, so its much appreciated!
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Orange County Real Estate Success 