Greenspan warns about housing   ¶ Greenspan warns about housing  0 Comments

American dream falls to rising foreclosure rates   ¶ American dream falls to rising foreclosure rates  0 Comments

Mortgage Rates - Get the Lowest Mortgage Rates!   ¶ Mortgage Rates - Get the Lowest Mortgage Rates!  0 Comments

Chula Vista: Magnolia at Windingwalk   ¶ Chula Vista: Magnolia at Windingwalk  0 Comments

San Diego: Mill Creek at StoneBridge Estates   ¶ San Diego: Mill Creek at StoneBridge Estates  0 Comments

Technorati Tags:MortgageCalifornia Real EstateInterest RatesCalifornia Mortgage Rates Bank Rates   ¶ Technorati Tags:MortgageCalifornia Real EstateInterest RatesCalifornia Mortgage Rates Bank Rates  0 Comments

Desco Interest Rates   ¶ Desco Interest Rates  0 Comments

Houses Overvalued in Northern California, Study Shows Houses Overvalued in Northern California, Study Shows
KXTV - Aug 19 9:00 AM
A new study by one of the nation's largest mortgage lenders shows some of the country's most overvalued houses are here in Northern California.


Not surprising really given the amount of money in Silicon Valley and the desirability of California real estate. It's only natural that real estate would be bid up.

Labels: BakersfieldRealEstate, NorthernCalifornia, southerncalifornia, SouthernCaliforniaHomes

  ¶ Houses Overvalued in Northern California, Study Shows 0 Comments

California Mortgage News - Irvine: Irvine-Ashton Green   ¶ California Mortgage News - Irvine: Irvine-Ashton Green  0 Comments

California Mortgage News - Marin median home price slips to $910,000   ¶ California Mortgage News - Marin median home price slips to $910,000  1 Comments

California Mortgage News - Expect Greenspan and the Fed to Raise Interest Rates   ¶ California Mortgage News - Expect Greenspan and the Fed to Raise Interest Rates  0 Comments

California Mortgage News - El Dorado Hills: Villa Lago at The Promontory   ¶ California Mortgage News - El Dorado Hills: Villa Lago at The Promontory  0 Comments

Ladera Ranch: Ladera Ranch - Sedona Ladera Ranch: Ladera Ranch - Sedona
Loyal Buyers Heighten Success Of Sedona! Shea Homes is proud of its repeat customers because they attest to the fact that the company lives up to its philosophy of caringcaring about the quality of the homes it builds, about the service it provides to homebuyers and about the caliber of the overall homebuying experience.In the case of Sedona, the advantages of that philosophy heighten the appeal of a collection of magnificent residences that are masterpieces of architectural artistry and meticulous craftsmanship. Priced from the low $1 millions, the spacious two-story floor plans span approximately 3,712 to 4,303 square feet, including as many as six bedrooms and four and one-half baths. Select plans take on the added dimension of such uncommon extras as a bright sunroom or a secluded library with optional fireplace or such popular options as an office, bonus room, media room, hobby room and extra bedrooms.The homes showcase the luxuries todays families desire most: exceptional spaciousness, gourmet island kitchens, covered porches and patios and elegant master suites with secluded retreats. Terramor is also on the cutting edge of environmental protection, and Sedona supports that effort with an array of environmentally friendly green features that will help conserve energy resources, reduce utility bills and provide a more fulfilling lifestyle for families. Shea Homes is the only builder in Terramor to include solar panels on every home.An Aquatic Club, two neighborhood parks and a central paseo offer residents active enjoyment close to home. Families will appreciate neighborhood schools, sports activity parks, community centers, and a state-of-the-art technology system.For continued updates regarding Sedona, please call (949) 364-0462.

Irvine: Irvine-Ashton Green
ONLY ONE DECORATED MODEL REMAINSThe final curtain is about to fall on Shea Homes Ashton Green at Turtle Ridge in Irvine, a neighborhood that has won rave reviews from homebuyers, but before it does, one of its starsa beautifully decorated model homeis making one last curtain call.Among the eight homes that remain available for purchase, the showcase model is the three-story Plan 7, which is an outstanding example of innovation in townhome design.Measuring 1,398 square feet, the home features a private bedroom and bath just off the ground-floor entry, while the family room/living room, dining room and kitchen share the second floor with two view decks. The third level is reserved exclusively for the master suite and a tech center desk. Adjoining the home is a two-car garage with direct home access and insulated roll-up doors.Handsome central landscaped courtyards feature sparkling water elements or tranquil sitting areas that compliment Ashton Green's Tuscan and French Country exterior architecture. The community's rich old world charm is celebrated by the area's natural ridgeline, preserved canyons, open space reserve, city light views, and the Pacific Ocean in the distance. Close to Irvines greater business centers, Fashion Island and every major convenience, Ashton Green offers an uncomplicated lifestyle. Neighborhood children will attend schools in the highly desirable Irvine Unified School District and homeowners will appreciate close proximity to Irvines major business centers, Fashion Island and easy access to transportation. All this and a spectacular ridgeline backdrop, make Whispering Glen a preferred new home destination.For additional information regarding the final model home at Ashton Green, please call (949) 509-7745.

Ladera Ranch: Ladera Ranch - Sherborne
Continued Sales Success!Join the interest list for email updates regarding future phase releases and continuing community information.Enthusiastic homebuyers purchased four of the five homes in the latest phase of Sherborne at Covenant Hills in Ladera Ranch on the day they were released, continuing the success of a neighborhood that dramatically illustrates why Shea Homes is one of Americas Best Builders. As a result of the great response to the Sherborne model homes, a new phase of homes is scheduled to be released on Saturday, June 25th.As the only private, gated village within Ladera Ranch, Covenant Hills is already the communitys most exclusive address, and with the loftiest site, some of the largest home sites and most spacious yards of any Covenant Hills neighborhood, Sherborne is being hailed as the crowning achievement in all of Ladera Ranch.The grand-scale two-story homes span 4,073 to 4,848 square feet, including five bedrooms and four and one-half to five and one-half baths plus a three-car tandemgarage, and they will be distinguished by a host of exceptional refinements.Sherborne also has the distinction of offering a full complement of environmentally conscious green features, including solar energy panels and recycled and sustainable materials that will conserve resources and reduce energy costs for homeowners.The Covenant Hills Village Club will encompass a spectacular array of shared resort-caliber recreational amenities, open to all community residents.For continued updates regarding Sherborne, please call (949) 364-6009.

Statewide Distribution (Any City): On Your Lot Homes
Built with the finest materials available, we handcraft each customer's home one at a time. Deltec ships home packages ANYWHERE in the US. Deltec Homes provides you with everything you need to build the shell of your new home. All components are delivered to your building site ready to construct. Your local builder will put the home together.

Santa Ana: Santa Ana - Traditions
The professionally designed and landscaped models homes are scheduled to be released on July 9th. Traditions has attracted large numbers of homebuyers who desire a prestigious address, a private setting and the convenience of living just two blocks from South Coast Plaza. Traditions luxurious two- and three-story floor plans, which encompass impressively spacious living areas spanning 3,153 to 4,206 square feet, including three to five bedrooms and three and one-half to four and one-half baths. Traditions at Armstrong Ranch, a private, gated community in South Coast Metro, features tree-lined streets and retro streetlamps reflect the classic 20s and 30s California architectural styles of Santa Ana's famed Floral Park District and beautifully showcase the homes ideal location.Traditions draws upon French Country, Craftsman and Spanish styles to create a neighborhood that is timeless. Flexible two- and three-story floorplan designs ranging from 3,153 to 4,278 square feet of living space with three to five bedrooms and three and one-half to four and one-half baths. A wide array of options includes a third floor attic area on select elevations. Centrally located, Armstrong Ranch will provide residents close proximity to shopping, dining, entertainment and employment centers. Within minutes, residents can be at South Coast Plaza, Metro Pointe, the Orange County Repertory Theater or the Orange County Performing Arts Center. For continued updates regarding Traditions, please call (714) 424-0623.
  ¶ Ladera Ranch: Ladera Ranch - Sedona 0 Comments

California Mortgage News - 30-Year Mortgage Rates Rise to 5.89% This Week   ¶ California Mortgage News - 30-Year Mortgage Rates Rise to 5.89% This Week  0 Comments

C.A.R. Reports California's Housing Affordability Index Fell Two Points to 16 Percent in June C.A.R. Reports California's Housing Affordability Index Fell Two Points to 16 Percent in June
The percentage of households in California able to afford a median-priced home stood at 16 percent in June, a 2 percentage-point decrease compared with the same period a year ago when the Index was at 18 percent, according to a report released today by the California Association of REALTORS(R) (C.A.R.). The June Housing Affordability Index (HAI) was unchanged from May, when it also stood at 16 percent.

C.A.R.'s monthly housing affordability index measures the percentage of households that can afford to purchase a median-priced home in California. C.A.R. also reports housing affordability indexes for regions and select counties within the state. The Index is the most fundamental measure of housing well-being in the state.

The minimum household income needed to purchase a median-priced home at $542,720 in California in June was $125,870, based on an average effective mortgage interest rate of 5.71 percent and assuming a 20 percent downpayment. The minimum household income needed to purchase a median-priced home was up from $111,420 in June 2004, when the median price of a home was $468,050 and the prevailing interest rate was 6.01 percent.

The minimum household income needed to purchase a median-priced home at $219,000 in the U.S. in June 2005 was $50,790.

At 32 percent, the High Desert region was the most affordable C.A.R. region in the state, followed by the Sacramento region at 21 percent. The Santa Barbara and Northern Wine Country regions were the least affordable in the state at 7 percent.

C.A.R.'s July 2005 sales and median price report for the state and regions within the state will be released on Tuesday, August 23.

Leading the Way...(R) in California real estate for 100 years, the California Association of REALTORS(R) (www.car.org) is one of the largest state trade organizations in the United States, with more than 170,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

C.A.R. HOUSING AFFORDABILITY INDEX(a)

Jun-05 May-05 Jun-04
California 16 16 18
California - Condos 21 22 26
United States 48 51 r 53
C.A.R. REGION
Central Valley 18 19 27
High Desert 32 33 43
Los Angeles 15 15 17
Monterey Region 9 10 11
Northern California 15 17 21
Northern Wine Country 7 7 13
Orange County 11 11 11
Palm Sprgs/Lwr Desert 10 10 12
Riverside/S Bernardino 16 20 21
Sacramento 21 20 26
San Diego 9 9 10
San Francisco Bay Area 12 12 14
San Luis Obispo 10 11 14
Santa Barbara County 7 6 10
Santa Clara 18 18 21
Ventura 13 13 13
COUNTY
Alameda 11 11 14
Contra Costa 10 10 10
Fresno 20 20 29
Marin 10 12 13
Merced 11 14 23
Riverside 14 18 17
San Bernardino 20 24 29 r
San Francisco 9 8 10
San Joaquin 13 13 22
San Mateo 12 11 14
Santa Cruz 10 11 16
Sonoma 7 7 13
Stanislaus 18 19 30

(a) -- percentage of California households that can afford to
purchase a median-priced home
r -- revised


Median Prices By Region - Current Month vs. Year Ago

Jun-05 May-05 Jun-04
----------------------------------------- ----------- - ----------- -
Statewide
Calif. (sf) $542,720 $522,900 r $468,050 r
Calif. (condo) $433,690 $420,600 r $374,950 r

Region
Central Valley $353,220 $343,610 $279,490
High Desert $290,510 $282,510 $225,260
Los Angeles $512,890 $503,450 $445,140
Monterey Region $730,470 $689,050 $621,920
Monterey County $675,000 $639,000 $575,000
Santa Cruz County $793,000 $757,200 $599,500
Northern California $442,940 $405,190 r $347,980
Northern Wine Country $640,970 $622,660 $500,840
Orange County $702,400 $704,150 $657,930
Palm Sprgs/Lwr Desert $393,370 $388,280 $346,700
Riverside/San Bernardino $373,860 $364,700 $304,810
Sacramento $381,990 $379,790 $320,800 r
San Diego $614,120 $608,300 $580,670
San Francisco Bay $734,610 $721,730 $655,990
San Luis Obispo $570,870 $534,440 $446,530
Santa Barbara County $704,270 $746,950 $572,370
Santa Barbara S. Coast $1,260,000 $1,247,500 $1,095,000
N. Santa Barbara Cty. $463,380 $468,520 $386,440
Santa Clara $760,000 $749,000 $642,000
Ventura $685,760 $667,130 $625,000

na - not available
r - revised  ¶ C.A.R. Reports California's Housing Affordability Index Fell Two Points to 16 Percent in June 0 Comments

California Mortgage News - Are San Diegans Victims Of Loan Discrimination?   ¶ California Mortgage News - Are San Diegans Victims Of Loan Discrimination?  0 Comments

California Mortgage News - No relief on interest rates seen after strong jobs report   ¶ California Mortgage News - No relief on interest rates seen after strong jobs report  0 Comments

Mortgage rates continue upward climb