Bob's Coto Blog

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Real Estate Agent - Realty ONE Group - Calif BRE # 00581357
All you need to know about Coto de Caza California - a one of a kind gated community which includes two 18 hole golf courses, and a wonderful lifestyle.
RECENT BLOG POSTS
'Tis the season to do shopping -- and get bombarded with offers to open credit cards. The deals are tempting, too. "Open a charge card today" and save up to 20% on your purchase. Considering that the average Black Friday ticket was $343, that's $68 saved per store. For big-ticket items like telev...
12/02/2009
When a home seller accepts a contract on an MLS-listed property, the property's status changes from "Active" to "Pending". This means the home is scheduled to sell, but not yet sold. Each month, the National Association of Realtors® tallies the number of pending homes and publishes the data as th...
12/02/2009
Here's an article by Carrie Bay, from today's DSNews.com Many critics argue that the pace of modifications under the federal Making Home Affordable (MHA) program isn't keeping stride with the nation's raging foreclosure problem, so the Obama administration announced Monday that it is taking a ne...
12/01/2009
The supply of newly-built homes fell to its lowest levels since 2006, offering additional proof of a housing market in recovery. Home supply is defined as the amount of time it would take to sell the current inventory of homes at the current pace of sales. In October, for the 8th consecutive mon...
12/01/2009
Mortgage markets improved last week on stronger-than-expected economic data and safe haven buying. The holiday-shortened trading week amplified what should have been modest gains into large ones. Conforming mortgage rates dropped by about a quarter-percent last week, dropping them near their best...
11/30/2009
For today's home buyers and homeowners that can manage the higher monthly payments, 15-year fixed rate mortgage rates look attractive as compared to comparable 30-year products. The 15-year/30-year interest rate spread is near its 5-year high. Despite lower rates, however, homeowners opting for ...
11/29/2009
Hello again – I hope your Thanksgiving Day ( And Black Friday.) went beautifully! In our local housing market, the number of available houses is now the lowest in at least a few years.  In Coto de Caza, for example, it went from a previous low of 131 houses, back in mid January, to hovering aroun...
11/28/2009
It's official -- home prices are no longer in free fall.  According to the Federal Housing Finance Agency, the Home Price Index posted its first quarterly increase since 2007 last quarter. The news was reported Tuesday. The Home Price Index is an interesting metric.  It's huge in its scope, accou...
11/28/2009
Home affordability improved this week after the Federal Reserve released its November 3-4, 2009 meeting minutes. The FOMC Minutes is a companion to the Federal Reserve's post-meeting press release. It's released 3 weeks after the Fed adjourns and details the internal debates that shape our nation...
11/27/2009
Another month, another piece of evidence that the housing market is in recovery. Existing Home Sales surged in October as the nation's homebuyers took advantage of low mortgage rates, low list prices, and, for some, a generous tax credit. Home resales are 23 percent higher versus a year ago and ...
11/24/2009
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Bob Phillips

CDPE, SFR, South Orange Co., CA
local_phone(949) 643-2100
smartphone(949) 887-5305
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