http://www.kcmblog.com/2012/05/18/the-market-is-beginning-to-turn/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28The+KCM+Blog%29

Soaring demand and tight inventory means — by one measure — Orange County homes take 4 fewer days to sell at the current buying pace in the past two weeks and 59 less days in a year.

The latest Orange County home inventory report from Steve Thomas and ReportsOnHousing.com — data as of April 26 includes these thoughts …

Back in the early 2000’s, buyers zealously bought homes without regard to someday becoming sellers. Contrast that with the subsequent, unprecedented downturn, the housing market transitioned into a deep six year hibernation. The sleeping giant, housing, has awakened. The most fascinating aspect of this latest shift in the market is that absolutely nobody forecasted this major step in a housing recovery. The current statistics are staggering: Listing Inventory is at its lowest point since June 2005; Demand is at its highest level since June 2005; The expected market time is at its lowest level since June 2005; Closed sales have not been this low since October 2006 (May 2010 was at a similar level, but only temporary due to the expiration of the first time home buyer tax credit); The distressed property inventory is at lows not seen since September 2007.

http://lansner.ocregister.com/2012/04/30/demand-for-o-c-homes-at-7-year-high/161351/

Last week, the National Association of Realtors (NAR) released their Pending Sales Report which showed that contracted sales were 12.8% higher than the same month last year and higher than any time since sales were impacted by the Homebuyers’ Credit back in April of 2010. The index stood at 101.4 which represents a level that is“historically healthy” (see methodology below).

http://www.kcmblog.com/2012/04/30/further-proof-the-real-estate-market-is-coming-back/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28The+KCM+Blog%29

Five years after the U.S. housing bust sent sales and prices plunging, the spring home-buying season is pointing to a long-awaited recovery.

http://www.cnbc.com/id/47054070

Year-over-year, the number of completed foreclosures decreased about 19 percent to 69,000 in March 2012 compared to 85,000 in March 2011, according to CoreLogic’s National Foreclosure Report for March. Month-over-month, with the number of completed foreclosures in February 2012 at 66,000, foreclosures increased about 4.5 percent in March 2012.

http://www.dsnews.com/articles/foreclosures-down-to-69000-in-march-inventory-also-indicating-alternatives-being-used-2012-05-01

I got my mortgage statement in the mail a few weeks ago. I bought my Portland, Oregon home 10 years ago on a busy street in an up-and-coming neighborhood with what I thought was a super-low interest rate: 5.25%. It was a five-year ARM, meaning that it would stay at 5.25% for five years and then change every year based on some margin over the 10-year treasury rate

Read more: http://www.foxbusiness.com/personal-finance/2012/05/03/should-buy-home-now/#ixzz1utNz2dvr

http://www.foxbusiness.com/personal-finance/2012/05/03/should-buy-home-now/

The Avendale Clubhouse is located near Founders Park and you must register for the class. Only 8 spots are still available and you can register for the $65 class series by clicking here. Classes will focus on real life word needs, from shapes and body parts to animals and colors. A Playtime in Spanish CD will also be offered to all attendees, along with plenty of handouts to increase learning at home. The video below demonstrates what you can expect from a typical Playtime in Spanish class.

A short sale is when a bank agrees to accept less than the total amount owed on a mortgage to avoid having to foreclose on the property. This is not a new practice; banks have been doing short sales for years. Only recently, due to the current state of the housing market and economy, has this process become a part of the public consciousness.

To be eligible for a short sale you first have to qualify!

To qualify for a short sale:

http://www.kcmblog.com/2012/05/09/short-sale-vs-foreclosure-10-common-myths-busted/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed%3A+KeepingCurrentMatters+%28The+KCM+Blog%29

http://www.kcmblog.com/2012/05/07/short-sales-will-increase-dramatically-in-2012/