Local Real Estate Team.com

Your Orange County Real Estate Experts (949) 481-3739 - Prudential California Realty

Map Search

Search for real estate listings
using our interactive map search.

Property Search

Property Type:
Location:
Min. Price:
Max. Price:

Testimonials

“You combine perfectly the down to business professionalism, with personal involvement and empathy that is essential for the First Time Buyer.”

San Clemente CA Real Estate Market – Finally Some Good News!

San Clemente

Although San Clemente CA real estate sales of existing homes was slow in April (mostly because restrictive lending practices hampered home buyers), more areas are showing sales gains from a year ago and a recent reversal in mortgage policy makes the San Clemente CA real estate market primed for a turnaround, according to the National Association of Realtors^®.

NAR President Richard F. Gaylord, a broker with RE/MAX Real Estate Specialists in Long Beach, Calif., said the good news is that mortgage restrictions have just been eased. “In the past week, Freddie Mac and Fannie Mae announced that they were eliminating their ‘declining market’ policies, effective June 1,” he said.

Lawrence Yun, NAR chief economist, said eliminating restrictive policies should be a big help to home buyers. “I would encourage buyers who were disappointed by poor mortgage options to take another look at the market because the lending changes are significant,” he said. “Also, a recent notable drop in interest rates on conforming jumbo loans will help consumers in high-cost markets like California and New York.”

To learn more about current San Clemente CA real estate conditions, please call me at 949-481-3739 or visit GuideToLocalRealEstate.com. You may also visit the MLS to begin searching for Orange County CA homes!