Laguna Niguel Real Estate Blog

Cyril Moulle-Berteaux declares in the Wall Street Journal Opinion
the housing crisis over:


I'm going to spare the in-depth analysis already available at Calculated Risk

Interesting to note that this piece came out less than a week after another WSJ by June Fletcher article stating firmly that there is another year left in the housing market duldrums.

Fletcher's article has more well rounded statistical evidence. States that have higher rates of foreclosure now may clear the hurdle on the way to a stable market in a year's time.


We're not out of the woods yet, but maybe we just found the path to the next market.

Posted by Rory at 1:07 PM | Permalink | Comments | links to this post

Do the Bay Area people really understand us? Not likely, here is the suggested blog posting from diggOrange County: play land of the rich. This is what goes on the real estate market for $14 million there.

read more | digg story

Posted by Rory at 9:34 AM | Permalink | Comments | links to this post

Of all of the hype about the real estate market crash, what you don't hear are the stories of the buyers getting awesome deals. It helps the mainstream media to continue to pedal fear and panic and discuss foreclosure on a daily basis. It is true that in this market, the sellers are still having a tough time competing. This is because foreclosures and short pay sales are still driving prices down. My gut instinct is that we are nearing the end of the first of possibly three different phases regarding foreclosures.

There are still plenty of folks who aren't in trouble yet, but they are getting closer as those adjustable rate mortgages tick up dramatically.

With a focus on the good news, here are the types of buyers currently in the drivers seat and finding great deals:

People who need to borrow $417,000 or less.
Investors coming from 1031 exchanges.
Buyers willing to wait 45 days to hear about the acceptance of a bank sale offer.
All cash buyers.


Bernake knows that there are more foreclosures to come. Strap on your seat belt for rounds two and three.

Posted by Rory at 3:53 PM | Permalink | Comments | links to this post