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
I learned something interesting from my preferred lender this morning. About a year ago, enterprising people started a new phenomenon which later became known as a “Buy and Bail”. Some, who were increasingly upside down in their present home, saw how low prices were getting on a bigger or better ...
02/24/2010
Using data compiled in December, Standard & Poors released its Case-Shiller Index Tuesday. The report shows home prices down just 2.5% on an annual basis, a figure much lower than the 8.7% annual drop reported after Q3. According to Case-Shiller representatives, the housing market is "in better ...
02/24/2010
You can't get your mortgage rates from the newspaper. Last week proved it. Again. Friday morning, headlines and around the country read that mortgage rates were down 0.04 percent, on average, since the week prior. A sampling of said headlines includes: US Mortgage Rates Drop For 2nd Straight Wee...
02/23/2010
Mortgage markets had a terrible, holiday-shortened week last week as Wall Street responded to worse-than-expected inflation data and action from the Federal Reserve. Mortgage bonds sold off with force, causing mortgage rates to rise for the second week in a row. Last week was a bad week to float ...
02/22/2010
Here's an article from this morning's Los Angeles Times: Short sales grow as a cheaper alternative to foreclosure   Banks’ resistance to the tricky transactions is softening as the number of distressed properties increases.   By Alejandro Lazo,  The Los Angeles Times,   February 17, 2010 | 8:26 p...
02/19/2010
Sometimes, headlines for housing can be misleading and this week gave us a terrific example. On Wednesday, the Commerce Department released its Housing Starts data for January 2010. The data showed starts at a 6-month high. A “Housing Start” is a privately-owned home on which construction has st...
02/19/2010
According to the Census Bureau, 2.8 million people commute to work 90 minutes or more each day, in each direction. Now, your daily commute may not be as long, but time spent in cars, trains and buses is time away from work and from family. Drive-time can affect a person's Quality of Life and it's...
02/17/2010
Mortgage markets worsened last week on general profit-taking in the U.S. bond market, combined with talk of a coordinated rescue effort for Greece and its debt burden. Mortgage-backed bonds sold off, causing conventional and FHA mortgage rates to rise. There wasn't much hard data on which to trad...
02/16/2010
Here’s a current article written by a friend of mine, dispelling much of the myth of the alleged “shadow inventory” Written by: Blanche Evans – Feb 12, 2010 4:30:00 AM The housing crash will resume early this year, according to a Bloomberg.com story published recently. Quoting analysts at Amherst...
02/14/2010
Consumer Sentiment has been on the rise since last February and it's something to which home buyers should pay attention.  The affordability of your next home may hinge on consumer confidence. As the economy recovers from a near-the-brink recession, many of the elements of a full recovery are in ...
02/13/2010
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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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