May 2016 RSS Feed

California existing home sales fell from the previous year in April as tight inventory continues to impede the housing market. April marked the second worst start to a spring homebuying season since the housing recovery started in 2009.

407,000 California homes sold in April 2016 compared to 430,000 in April 2015.

The median selling price in April 2016 climbed to $509,000 from $484,000 in April 2015.

The 9th Annual Fête de la Musique will take place Saturday, June 18 in Laguna Beach.

Fête de la Musique was conceived by American musician Joel Cohen in 1976 while he was working at a radio station in France. He proposed an all-night music celebration during the summer solstice, which was recognized by the French Minister of Culture, and subsequently held in France in 1982.

Laguna Beach Sister Cities debuted the Fête de la Musique in June of 2008 and in 2010, Laguna Beach Sister Cities and our Fête de la Musique won "Best New Arts Program" by the Laguna Beach Arts Alliance.

Pre-opening festivities begin at 12 p.m. and opening ceremonies start at 1 p.m. with remarks by Laguna Beach Mayor Steve Dicterow, and a representative from the French…

What should you do if you are offered a better paying job while you are in the middle of buying a new home?  Let’s take a look and see what the best advice might be for this situation.  There are a few ways how changing jobs can affect buying a home.  There are many things you should avoid while in the process of buying a home, changing jobs being one of them. 

• If you have been offered a job doing the same type of work you already do with just a few added responsibilities and more money, it is likely that it will not affect your chances of going through with your home loan. 
• If you try to take a new position in a new line of work while you are in the middle of buying a home you may have a problem on your hands. 
• In most cases big changes in…

The California Association of Realtors closely monitors and analyzes trends in the residential real estate industry. The table above contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates.

406,800 homes sold in California in April 2016 with a median price of $509,100. Homes were on the market for an average of 27.7 days with a 3.5 month supply of unsold inventory. Homes sold for an average of $244 per square foot and the sales to list ration was 99.3%. The affordability index remained steady at 34%.

There are several, actually tons of questions you should ask before hiring a property manager that you may not have ever thought about asking.  Take a look at a few of these questions below before you hire a property manager and you may find that you have fewer issues than you might have otherwise had. 

• A good place to start when interviewing property managers is to ask how long they have been in business.  Although new property managers may be good at what they do, they might not have as much experience as they need to have to handle the situations that may arise.  Hiring someone with a lot of experience and many years under their belt as a manager is the best way to go. 
• Finding out exactly how many rental units a property manager has is a…

The San Clemente Downtown Business Association is hosting their 21st Annual Car Show on Sunday, June 12th from 10:00 am to 3:00 pm. The show is free to the public and will display over 300 quality show cars including Sports Cars, Classic Cars, Muscle Cars, Cruise In, Tuner Sport Compacts, Exotics, Low Rider, and Motorcycles.

Family Assistance Ministries will be raffling off incredible items all day long to fund its wonderful and heart-warming charitable endeavors.

Parking downtown is always a challenge for the Car Sow so hop on the FREE shuttle bus at San Clemente High School for a fun filled day in historical downtown, San Clemente.

The California Association of Realtors closely monitors and analyzes trends in the residential real estate industry. The table above contains the latest reported existing home sales series, median home prices, unsold inventory index, median time on market, first-time buyer housing affordability index, and the latest mortgage rates.

If you are currently in the market to purchase a new home and you have your eye on one that is the most beautiful in the entire neighborhood, you may want to think twice before making an offer to buy it.  You may be thinking that you would love to have the best house in the neighborhood because you will be able to brag and show off your beautiful home to your neighbors, who will likely be jealous of you, but in reality you will be doing yourself a disservice by making that purchase; here’s why.

• If you buy the most desirable home in a neighborhood  and you decide one day that you want to sell that home, you likely will not get the price you want for it.  This is especially true if the other homes in the neighborhood do not come close to comparing…

The 19th Annual Doheny Blues Festival is just a few weeks away... May 21 and 22!! The Festival takes place each May at the iconic Orange County Doheny State Beach.There will be an eclectic food court, the intimate Backporch stage with microbrew tastings, and a stellar line up!

Saturday's line up includes Lynyrd Skynyrd, Aaron Neville, the James Hunter six, the Edgar Winter band, Nicki Bluhm & the Gramblers and 7 other bands.

Sunday's line up includes Brian Setzer's Rockability Riot, Rommy Castro & The Painkillers, Kenny Wayne Shepherd Band, Walter Trout, the Blind Boys of Alabama, and 5 other bands.

Click here to buy your tickets and have a great time!!