Palmdale, CA Real Estate News

By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 23, 2012 The 230 megawatt solar power plant in the Antelope Valley got its first advance on a federal loan guaranteed.  This will finalizes’ Exelon’s ownership of the project.  Construction on the project began last year, and it is just one of nine other solar power plants being planned for the Antelope Valley.  Both Palmdale and Lancaster are working with state and federal agency’s almost on a daily bases.  We are all very happy about this positive news. Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale What Should You Do If You Learn that a Forged and/or Fraudulent Deed Has Been Recorded Against Your Real Property? CONSUMER A...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Starting this June 15th, real estate agents working with short sales where the loans is backed by either Fannie Mae or Freddie Mac can anticipate to receive a decision on a short sale approval offer within as short as 30 days but could extend to 60 days.   This is the new GES guidelines that were release yesterday under the Servicing Alignment Initiative.  These new guidelines are met to increase transparency and shorten the short sale process.  Also servicers will be require to have a ruling with in 30 days of receipt of either an offer on the short sale’s  usual short sale program(s) or Borrower Response Package (BRP) or the federal government's Home Affordable Foreclosure Alternative (HAFA) program and of course a GSE program. I must applaud both Fannie Mae and Freddie Mac for moving...
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By The Albarado Group-Antelope Valley Real Estate Experts
(Keller Williams Realty-The Albarado Group)
Here is a great home in an excellent West Palmdale neighborhood. It is close to Rancho Vista Golf Course, Antelope Valley Mall and the 14 Freeway. This keeper features a warm double sided fireplace, an excellent and unique floor plan, spacious family room, formal living room and the kitchen has tons of cabinets. Dont let this great deal pass by.       To see more listings visit us at:   http://www.leovy.com/         Leovy and Robert The Albarado Group *Keller Williams Realty* 1401 Rancho Vista Blvd Suite. B Palmdale, CA93551 Direct  (661) 816-6807 Fax     (661) 430-5549 Front of Home on Racquet Lane Kitchen with tile floor.  To see more listings visit us at:       http://www.leovy.com/                       Leovy and Robert The Albarado Group *Keller Williams Realty* 1401 Rancho Vista B...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Well is BoA to big to know what the other hand is doing?  Bank of America has sued itself for foreclosure over 10 times since late March.  That’s right BoA is taking themselves to court over foreclosures in Palm Beach County Florida.  It’s happen before with other banks Wells Fargo did it back in ’09.  My comment on this is why would a company sue itself? Is it some sort of procedural issue with the court?  Couldn’t BoA save the cost by agreeing out side of court? Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation…Short Sale What Should You Do If You Learn that a Forged and/or Fraudulent Deed Has Been Recorded Against Your Real Property? CONSUMER ALERT  Monthend Numbers                           Mar Feb Jan '12 Dec Nov Oct Sep Aug ...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 17, 2012 The total amount of homes for sale in the core area of Antelope Valley Palmdale and Lancaster is reaching historic lows reported by GAVAR.  As of today we are showing only 762 single family homes for sale.  We have only listed so far this month 246 homes, we are projecting 430 will be listed by April 30th.  And with 455 projected to go under contract by months end, we should see prices on the rise but we have not. Buyers are in the driver seat as we move into the home buying season, but buyers need to act fast due to the low level of available homes to buy.  Sellers are holding back we believe, looking for a jump in prices and more information about the bank’s $26 Billion settlement wil...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Su KASA Dreams Realty)
Anaverde in West Palmdale CA 93551, Rancho Vista West Palmdale Fine Homes For Sale, REO, Bank Owned in West Palmdale, West Lancaster Homes For Sale, Quartz Hills Bank Owned & REO Homes For Sale in Palmdale CA Real Estate .  Anaverde is located 60 mintues from downtown Los Angeles, CA. Fwy 5 North to Fwy Palmdale North, get off @ Ave S and turn left. Anaverde West Palmdale Homes For Sale offers newer construction homes for sale from 3, 4, 5 bedrooms, two-story homes for sale with 2 or 3 car garage, with year built from 2000-2010 with a price range from $145,000, FHA loan & low down payment for first time buyers, for more information, please call (818)276-6882 and ask for Lupe Soto Realtor, super serving Anaverde Homes For sale in Palmdale, CA 93551 and Palmdale East, Lancaster East & Wes...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 12, 2012 Did you know the Antelope Valley is the fastest and the only part of Los Angeles County that is growing?  And surprisingly enough we are growing in almost all areas, Jobs, population and affordable housing.  We are projected to see our population grow by over 30,000 in the next 10 years.  With Edwards Air Force Base, Northrop Grumman, Boeing and Lockheed Martin leading the way with jobs.  And housing, current home values are heavily discounted.  Even the cities of Lancaster and Palmdale are gearing up, Lancaster with the BLVD project attracting new businesses, and Palmdale with a new convention center in the works, and the newly open Palmdale Regional Medical Center.   Palmdale and Lanc...
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By Lupe Soto-Realtor, Listing, Selling Burbank, San Fernando Valley LA
(Su KASA Dreams Realty)
Investor opportunity in Palmdale, CA 93552 - cash offers only, short sale, price and terms are subject to seller lienholder approval, pool home in palmdale features 4 bedroom 2 bath, year built 1986, sold as is, fixer upper, seller will not do any repairs, pool and spa no water in pool.  corner lot, we update this blog frequently.  please call for fast responses.   Please call for more information. (818)276-6882 and please provide property address.   37246 Crescent Ct, Palmdale, CA 93552near Ave S East @ Moonlight, close to 25th St East This is an EZ short sale ONE lender, listed $99,999 - cash offers only , min bid is  $99,999K Price, sale & terms are subject to seller lienholder approval. Please call for more information - please provide address, ask for Lupe Realtor      Pool & spa i...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 10, 2012 Back from a little R and R in the great state of Nevada.  More to the point Las Vegas were the housing market is on real hard times.  We have family there so we make a visit when we can, this time Janet and I decided to check out real estate.  They are where the Antelope Valley, Palmdale and Lancaster were in 2008/09.  We have already weathered the worsted of the down market and have hit bottom, we are on the way back but slowly.  Back in early 2009 you could get a 3+2, 1,300 sqft home under $50,000 is running about $75,000 today still a great price.  Janet and I were stunned by the number of REO listed and short sales too.  Just driving around and the yard signs are like mushrooms. I m...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley April 3, 2012 Home prices under valued in Antelope Valley Palmdale & Lancaster.  If home prices had followed the normal 4% historical appreciation rate the median home price would be $219,000, 24% above today’s prices.  We are seeing and hearing that we are on the verge of a rise in prices in the next few years.  By 2014 median home prices in the Antelope Valley are projected to be in the $230,000 range for a home you can buy in today’s market for less than $170,000.  Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale  Monthend Numbers Mar Feb Jan '12 Dec Nov Oct Sep Aug July June May Apr Mar Listed  520 561 601 599 732 797 813 679 63...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The first 3 months of 2012 are over, we saw a lot of things happening, banks settlements to the tune of 25 billion.  FHA changing loan requirements more the once and it is not over yet.  MEGA Millions almost hitting 1 Billion dollars.  Inventory in the Antelope Valley dropped like a stone on February 29th we had over 1,400 homes listed for sale, today we are under 1,200, and are core area in close to 800.  Prices are holding for the most part, with only small ups and downs.  April looks to be an interesting month as we are going to see banks working through the settlements funds writing off loss from short sales and increasing loan modifications for those who qualify. Furthermore, the dropping inventory if the trend continues must start pushing up prices and with prices on the rise some...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley March 30, 2012 Looking like is going to be a great week-end...  Just numbers today...  Inventory still dropping... Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale  Monthend Numbers Feb Jan '12 Dec Nov Oct Sep Aug July June May Apr Mar Feb Listed  561 601 599 732 797 813 679 631 646 620 561 690 443 Pending  495 581 522 572 568 585 542 468 502 518 487 504 414 Sold  308 416 476 467 557 545 413 369 392 374 384 389 299 % CHG Month over Month Listed  -7.1% 0.3% -22.2% -8.9% -2.0% 16.5% 7.1% -2.4% 4.0% 9.5% -23.0% 35.8% Pending  -17.4% 10.2% -9.6% 0.7% -3.0% 7.4% 13.7% -7.3% -3.2% 6.0% -3.5% 17.9% Sold  -35.1% -14.4% 1.9% -19.3% 2.2% 24.2...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley March 29, 2012 Things are going to be getting faster and faster for short sales, as the settlement between the 5 major banks and the state attorneys general go into effect.  Requirements for short sales are being adopted by the five biggest mortgage servicers that should move the short sale process along faster, and better yet they have a bit built-in.  The servicer must let the borrower there are any needed documents missing within 30 day.   Servicers have 30 days to let the borrowers know what they decide on regarding the approval once they get the short sale request. If a deficiency payment is needed the borrower immediately by the servicer and given a estimated amount of the deficiency. An internal...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley March 28, 2012 Short sale might get boost from the government's $25 billion settlement.  It seems that the 17 billion dollars earmarked for debt forgiveness can be used to offset approved short sales. What we are hearing is a short term up-tick in foreclosures.  After that short sales are going to be used to clear out the remaining distressed inventories.  That seems to be the plan we are hearing on the street so far, but only time will tell. Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale  Monthend Numbers Feb Jan '12 Dec Nov Oct Sep Aug July June May Apr Mar Feb Listed  561 601 599 732 797 813 679 631 646 620 561 690 443 Pending ...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Investing in real estate can be a great way to build your retirement.  Real estate has made many folks very wealthy, John Jacob Astor become a millionaire back in 1864 from real estate.  Many others have made it in the real estate game since then.  Well just in case you have been to busy to hear the California Lottery Mega Millions is at an all time high $363,000,000.  That is a lot of money.  Just to put it into perspective.  After all the taxes are paid, you open up an interest bearing checking account paying .025% and make over $30,000 a month forever.  Okay maybe I might spend a buck or two, but I truly believe real estate is a better investment in the long run    Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation…Short Sale  M...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
The Antelope Valley got some great news last Thursday the AV Line Infrastructure Improvement Strategic Plan has been approved by the MTA Board. The improvements once completed will give the Antelope Valley rail connection to San Diego, with a Metro-link Station at the Bob Hope Airport, according to a press release issued by MTA.  Moreover the vote took a big step forward in getting real-world fast transit for our residents in the Antelope and California.  Palmdale could become a major rail hub with California High Speed rail.  From Bakersfield to Palmdale then connecting Las Vegas or Victorville is planed. There are upgrading to the Antelope Valley Line between Downtown Los Angeles and Lancaster using $1 billion secured from the High Speed Rail Authority for rail improvements is the top...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
You really need to know your local real estate market, what is happening right now and how will this effect the market in the months to come.  I was reading the paper this morning and came across a report that home sales have dipped the Commerce Department said sales of new homes fell 1.6 percent last month.   That number is a national figure and not necessarily the same for your own backyard.  In the Antelope Valley, Palmdale/Lancaster cities new home sale are up a bit.  Resale is up almost 2% from this time last year.  But that is not the entire story, home sold has been in a decline over the past 3 months off by 35%.  So we some extraordinary market forces coming to a head here, sales are down so far this year, available is dropping like a stone, we could be in for a fun summer… Jan...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
More and more is coming out about the U.S. government trial project to sell large pools of single-family homes that Fannie Mae currently owns.  The pilot program will be offering 2,500, if successful Freddie & Fannie have more than 200,000 foreclosed homes they could release.  What is a concern are the reports that these pools have a potentially discounted to 20% to 40% prevailing market prices. This could really have an adverse effect to the local real estate prices thus prolonging the recovery.  A side bar, doesn’t this actually move the real property assets to the top 1%?  Would it be better to release these homes in a controlled manner making them available to all buyers?    Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation…Sh...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley March 19, 2012 It appears the Antelope Valley real estate market is in flux, as inventories continue to drop.  Just 10 days ago I posted that available listings dropped below 1,400 as of today we have dropped below 1,300.  That works out to around 300 per month giving us an effective Absorption Rate of 4 months.  A normal available inventory is 2,500 at the current 300 per month rate.  I’m just not seeing any big numbers coming onto the market in the short term.  Furthermore, I believe the current hubbub about the bank 25billion deal has pushed some sellers from listing there homes.  However with only 5billion being allocated to loan modification enough to help roughly 1million homeowners, stranding t...
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By Richard & Janet OBrian, Listing Specialist Palmdale, Lancaster CA
(Home Based Realty)
Real Estate Trends - Palmdale, Lancaster, Quartz Hill and the Greater Antelope Valley March 15, 2012 Water and the high desert are is for a ruff summer this year, and need to prepare and save your hard earned money.  Here are some tips on how to start saving: When it rains turn off your lawn sprinklers. Put in a drip systems.  Check out your local water companies some have a rebate program.  Now if you’re really looking to save change out your lawn with a deserts-scrape and don’t for get the high efficiency toilet. Janet O'Brian is a Certified Short Sales Specialist in California is ready to help you with your Situation… Short Sale  Monthend Numbers Feb Jan '12 Dec Nov Oct Sep Aug July June May Apr Mar Feb Listed  561 601 599 732 797 813 679 631 646 620 561 690 443 Pending  495 581 522...
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