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
  Mortgage rates and home affordability have improved lately, thanks to an unlikely ally -- Mother Nature. In the 7 days since Iceland's Eyjafjallajökull erupted, ash clouds have grounded planes, disrupted businesses, and stranded exports in warehouses worldwide. It's a drag on commerce that's sp...
04/21/2010
California homeowner defaults down 40% April 20, 2010, by Jeff Collins, O. C. Register More evidence surfaced today that home-loan defaults and foreclosures are receding from historic peaks seen a year ago. However, the pace of defaults and foreclosures remain high, especially in areas where lowe...
04/20/2010
Below is the latest Orange County Market Report from my friend Steven Thomas, the President of Altera Real Estate. Steven’s reports are cited and discussed in most of Southern California’s media, as an authoritative source of local real estate information. I have slightly altered his report to ma...
04/20/2010
After a strong March showing and a surprise upward-revision for February, Housing Starts are, once again, trending better. It's yet another signal that the housing market nationwide is stabilized. A Housing Start is a new home on which construction has started and, over the last 6 months, home b...
04/20/2010
Each week, government-led Freddie Mac publishes a weekly mortgage rate survey based on data from 125 banks across the country.  According to this week's results, the relative rate of a 5-year ARM is extremely low versus its 30-year fixed-rate cousin. Consider this comparison: In April 2009, the ...
04/19/2010
  Mortgage markets improved last week for the second week in a row.  And, also for the second week in a row, rates were down on "safe haven" buying -- just not for the same safe haven reasons as before. If you'll remember, safe haven buying is when investors sense market risk, then move money tow...
04/19/2010
  Foreclosure filings rose close to 20 percent nationwide last month versus February, according to foreclosure-tracking firm RealtyTrac.com, and for the 13th straight month, total filings topped 300,000. In addition, bank repossessions reached an all-time, quarterly record. Through the first thre...
04/15/2010
  The federal home buyer tax credit expires April 30 and the deadline is sparking a home sale surge. It figures to burden real estate, mortgage and title offices nationwide over the next 60 days so plan your closing date accordingly. Especially because the last Friday in May is the Friday before...
04/14/2010
Not all home improvements are created equal. Especially if you're looking for "resale value" back from your work. An article from the Wall Street Journal lays it out cleanly. Function beats flash these days so be wary of where you spend. Environmental upgrades such as home insulation and energy-e...
04/14/2010
  Mortgage markets improved last week to the delight of rate shoppers. Against a sparse economic calendar, Wall Street turned its attention to geopolitics in Greece and the Eurozone.  It didn't like what it saw. Safe haven buying buoyed mortgage bond markets last week as pricing recaptured two-th...
04/12/2010
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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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