Category Archives: REAL ESTATE NEWS

2018 Real Estate in Orange County Calif.

reneebaccaro_header_61779_house_heart_web_pageThe world has gone mad! Building going up everywhere…this reminds me of something. Daja Vu from the 1980s! OMG! Thats it. I remember when in Up town whittier the builders were buying up homes only to knock  down 4 or 5 of them to put in “afordable housing” or CONDOS. Only this past couple years 2017- 2018 it has become completly maddening! I get the part that jobs are flurishing in the construction market and that is good. At least that aspect of this mess, is good. But what about the future?  I grew up here in La Habra, went to Sonora high school. Graduated ’77. When life was good…and oh boy do I want it back. SOCAL had a reputation for driving laid back…because we lived-the- life. Well, I am telling you that it is gone. Gone with the invention of the web. Now everone wants what we had. But it’s gone! You can’t have what isn’t there anymore. Irvine builders, the building of plastic looking suburban houses…whats that song? Little boxes…  Little boxes on the hillside, little boxes made of ticky-tacky. Little boxes all the same. There’s a pink one and a green one and a blue one and a yellow one. And they’re all made out of ticky-tacky. And they all look just the same.  

The Great Park…I can’t even find it anymore. There are so so many buildings. Google is there proving thousands of jobs. That is great. I am happy that we have tech jobs. But I remember when it was once just land, a park and lots and lots of trees. People don’t seem to think about the fact that this area of SOCAL is in fact just a desert and if we have a drought, we are all in big trouble! I get it the jobs are here and as long as cities are allowing more building it brings in tax revenue they are going to just let it play out. But I feel like I am the only one screeming “This is not going to end well!”. More grass to water…Where are the parks and family activities going to be? We need to consider the impact all these people coming in is going to have on our schools and neighborhoods, streets of traffic and just standing in line at the grocery store is taking longer and people are not as generous with letting you go ahead of them if you only have two or three items. People are getting more aggitated and upset. Wake up! Remember the study of the rats? As they add more rats the rats become more and more agressive until they start bitting and fighting…not ending well. So I just wanted to bring this to the attention of you all. I hope that the city council members are making decisions that will consider the living situation and it’s impact on all of us for years to come. OC is like LA now only we have newer wider streets. But one day….

Everyone needs a home to live in. The “American Dream”. I really believe in this dream. But at the moment for many hard working people who have saved for years, worked hard and have done very well, they are getting knocked right out of their dream offer again and again. All I can tell them is it has got to stablize soon. Really, it has to stablize pretty soon or our hard working middle class is going to be living in their parents homes or in apartments-renting for a long time to come. Please call your city and go to the meetings to make sure they are considering parks and families. Where are the teen agers going to hang out?



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Renee Baccaro Realtor

Mortgage Minute: 05.13.11 ~ Renee BAccaro


Happy Friday -13th everyone!

Mortgage Bonds are trading higher, following a consumer inflation reading that essentially met expectations.

Inflation data shows consumer prices are on the rise, but the report met expectations – hence the contradictory response in Bonds… The headline Consumer Price Index came in at 0.4% for the month, which met expectations…however this reading did carry the year-over-year rate to a hotter 3.2% – up sharply from the prior month’s 2.7% reading.  This was the hottest year-over-year headline rate in 2 1/2 years.

Even after stripping out the so-called “transitory” higher costs for energy and food, the Core CPI came in at 0.2%, which was slightly higher than the 0.1% expected.  This brought the year-over-year Core rate to 1.3%, up from last month’s 1.2% reading.  The takeaway here – one of the Fed’s QE2 goals was to create inflation and avoid deflation – it appears that they have been somewhat successful as the risks for deflation have somewhat abated.

The Consumer Sentiment Index was released this morning and reported that consumer sentiment rose to 72.4 vs the 69.5 expected.

The Euro is stronger today as economic growth in the region came in better than expected.

Did you Know?

Friggatriskaidekaphobia? That the official name for “fear of Friday the 13th.” And this is the only day during 2011 when the 13th will fall on Friday.  Historically, Stocks don’t get spooked and tend to move higher on Friday the 13th.  If this plays out, it would hurt Bonds…so go ahead and give your lucky rabbits foot a rub just in case.  🙂

Today’s Base Rates:

Mortgage Product      Rates    APR

30 Year Fixed Conf    4.5%      4.73%

15 Year Fixed Conf    3.75%    4.04%

5/1 Conf ARM            3.125%  3.28%

5/1 Jumbo ARM         4.125%   4.29%

Thought of the Day

To achieve, you must care enough to make the effort but not so much that you’re afraid to fail. The most valuable results are reached by focusing intensely on what you’re doing without attaching your sense of self worth to what you get from it.

Imagine what you could do if you could do without worry. In fact, you can.

Think of how effective you could be if you didn’t have to obsess over how effective you were being. Those who accomplish much, do so by being unconcerned that they might accomplish little.

Have a great day & weekend

Renee Baccaro Realtor

DRE 01718366

Real Estate Housing Trends Newletter – Renee Baccaro Realtor 4/15/2011
Follow the link to my housing trends news letter.
Renee Baccaro

DataQuick is in for Orange County

  • 27 codes with gains in their respective median selling price. Overall, buyers’ prices were -2.2% vs. a year ago.
  • Home-sale pricing up in ZIPs representing 44% of the Orange County market.
  • 7 of 83 O.C. ZIPs with median sales prices above $1 million in the period vs. 11 million-dollar ZIPs when the county median price peaked in June 2007. Since that pricing pinnacle, there’s been a 36% drop in the countywide median price!
  • Priciest ZIP? Newport Beach 92662 with a $2,395,000 median selling price.
  • Current million-dollar ZIPs were 5% of all sales in the most recent period tracked.
  • There were 5 ZIPs with medians under $250,000 vs. 4 a year ago. ZIPs with medians under a quarter million had 7% of all sales in the most recent period.
  • 47 of 83 O.C. ZIPs had year-over-year sales declines in the period — or 57% of the market.
  • Overall, countywide sales were down 7.5% vs. a year ago.
  • 3 of 83 O.C. ZIPs has sales gains of 100% or more in the period at the same time as 7 had sales drops greater than 50%!
Town ZIP Price Yr. chg. Sales Yr. chg.
Newport Beach 92662 $2,395,000 +55.0% 1 +0.0%
Newport Beach 92661 $1,225,000 -74.9% 2 -33.3%
Corona del Mar 92625 $1,210,000 -16.3% 16 +45.5%
Newport Beach 92660 $1,185,000 +5.3% 25 +8.7%
Newport Coast 92657 $1,161,750 -30.6% 17 +13.3%
Laguna Beach 92651 $1,066,500 -4.1% 29 +31.8%
Newport Beach 92663 $1,015,000 -1.0% 15 -6.3%
Villa Park 92861 $880,000 +8.6% 3 +50.0%
Irvine 92602 $815,000 +52.9% 10 -54.5%
Irvine 92603 $734,000 -6.2% 23 +27.8%
Seal Beach 90740 $710,000 -2.7% 7 -36.4%
Irvine 92606 $600,000 -11.0% 8 +33.3%
San Clemente 92673 $600,000 -5.5% 38 -9.5%
Fullerton 92835 $595,000 +4.4% 16 -5.9%
San Clemente 92672 $590,000 -2.2% 28 -6.7%
Los Alamitos 90720 $589,000 -15.9% 7 -36.4%
Irvine 92620 $584,500 +2.1% 63 +103.2%
Yorba Linda 92886 $575,500 -11.5% 47 -32.9%
Dana Point 92624 $570,000 -0.9% 4 -55.6%
Fountain Valley 92708 $570,000 +0.5% 28 -26.3%
Trabuco/Coto 92679 $568,000 -9.8% 25 -47.9%
Huntington Beach 92649 $565,000 -0.7% 25 +8.7%
Dana Point 92629 $552,750 +16.2% 18 -5.3%
Santa Ana 92705 $552,500 +6.9% 23 -17.9%
Ran.S. Margarita 92618 $552,000 +79.5% 20 +100.0%
Yorba Linda 92887 $545,000 -2.7% 19 -17.4%
Huntington Beach 92648 $530,500 -19.4% 34 +21.4%
Mission Viejo 92692 $520,000 +19.5% 41 -4.7%
Costa Mesa 92626 $519,000 +1.1% 12 -55.6%
Brea 92823 $510,000 -38.6% 2 -50.0%
Orange 92869 $495,000 +16.5% 24 +9.1%
Anaheim 92808 $488,000 +2.7% 27 +8.0%
Laguna Niguel 92677 $470,000 -16.8% 65 -9.7%
Irvine 92614 $467,500 -8.0% 20 +5.3%
Mission Viejo 92691 $458,250 +3.1% 36 -28.0%
Brea 92821 $450,000 -7.2% 21 +0.0%
Costa Mesa 92627 $450,000 +12.5% 32 +52.4%
Cypress 90630 $450,000 -2.2% 22 -33.3%
San Juan Capo 92694 $450,000 -1.6% 35 -5.4%
Tustin 92782 $450,000 -18.2% 23 -11.5%
Huntington Beach 92647 $449,250 -14.0% 25 +13.6%
Laguna Hills 92653 $447,500 +24.3% 26 -13.3%
Orange 92866 $445,000 -8.2% 1 -85.7%
Anaheim 92807 $443,000 -0.4% 18 -25.0%
Garden Grove 92845 $425,750 -8.4% 14 +55.6%
Foothill Ranch 92610 $425,000 -29.8% 12 +20.0%
Irvine 92604 $412,000 -18.4% 21 +61.5%
San Juan Capistrano 92675 $412,000 +37.3% 40 +5.3%
Placentia 92870 $410,000 +9.3% 26 -13.3%
Orange 92867 $405,000 -19.0% 21 -22.2%
Westminster 92683 $400,000 -2.6% 48 -23.8%
Irvine 92612 $394,500 -11.3% 27 +68.8%
Orange 92865 $393,500 -6.1% 10 -64.3%
Rancho Santa Margarita 92688 $387,500 -9.9% 52 +10.6%
Fullerton 92833 $385,000 -6.1% 41 +5.1%
Anaheim 92806 $365,000 -6.4% 11 -59.3%
Buena Park 90620 $359,000 -8.5% 30 +0.0%
Garden Grove 92841 $355,000 -12.3% 23 +4.5%
Huntington Beach 92646 $354,000 -29.6% 42 +16.7%
La Habra 90631 $349,000 +2.6% 39 +11.4%
Midway City 92655 $343,000 -16.7% 2 -50.0%
Garden Grove 92840 $342,500 -4.1% 28 -15.2%
Garden Grove 92844 $339,000 +23.9% 10 -37.5%
Garden Grove 92843 $335,000 +11.7% 28 +12.0%
Anaheim 92805 $332,500 +7.3% 26 -36.6%
La Palma 90623 $320,000 -41.0% 7 +16.7%
Anaheim 92802 $318,500 -9.1% 12 -42.9%
Anaheim 92804 $313,000 -4.3% 43 -29.5%
Aliso Viejo 92656 $312,500 -13.2% 56 -30.9%
Orange 92868 $305,000 -2.2% 7 -56.3%
Anaheim 92801 $300,000 -6.3% 19 -26.9%
Fullerton 92831 $295,500 -33.9% 19 +137.5%
Santa Ana 92706 $295,000 -10.6% 16 -36.0%
Tustin 92780 $293,000 +17.2% 29 -14.7%
Fullerton 92832 $289,500 -12.3% 14 -44.0%
Buena Park 90621 $287,500 -16.4% 22 +29.4%
Lake Forest 92630 $287,500 -21.2% 43 +4.9%
Santa Ana 92703 $250,000 +17.6% 36 +28.6%
Santa Ana 92704 $235,000 -15.3% 45 -26.2%
Santa Ana 92707 $225,000 -0.6% 37 -7.5%
Stanton 90680 $218,500 -28.4% 22 +46.7%
Laguna Woods 92637 $215,000 +18.8% 27 -10.0%
Santa Ana 92701 $123,000 +2.5% 21 -22.2%
Total O.C.   $410,000 -2.2% 2,074 -7.5

Short Sales with Bank of America are improving

Bank of America is leading in helping home owners who are facing selling their home to save their credit as much as possible, called Short-Sells or Short Pay. The link below offers the still complicated but easy access to on-line help. There are links for real estate professionals so waiting for phone help has become unnecessary.


BudgetEscrow (please put my name in as referral). link for a low escrow cost link:

If you need any additional information please email or call me.

Renee Baccaro Realtor

Villa Group Real Estate and Mortgage

(562) 972-9886


How to Lower Your Credit Card Interest Rate


Number one New Years Resolution. Get rid of your debt!

Five step Plan



What is the new rate for new customers? 0.5% FOR NEW CUSTOMER.


4. Compare national averages. 5 credit rates. pro sub prime

Are you a good borrower? 700 plus? 

5. Call your credit card company. Ask for the floor manager or supervisor. (Be Very Nice!) Tell your credit card company that you are a good borrower with a high FICO score of (700 pluse) and that you are paying a very high… 29.9 % rate. Tell them you want a lower rate.

** They may lower it at first 5% (or more). Make a deal with them;  after 90 days get a promise they will lower it by 20%.

 If they won’t thats when you shift your balance to a nother credit card company that will.

*Ask to speak to a floor manager or supervisor.  Make notes.

Debt Free for Life by David Bach. See video below.

How much money should I save for closing costs?

A lot of people ask me the question How much money should I save for Closing Costs? When negotiating an offer on a home, you can ask for a particular amount or percent towards the buyer’s non-recurring closing costs. This may work on a bank owned home best, but depending on the condition of the home and what amount you are offering for the home I like to put in a reasonable amount to help the buyers with their closing costs. For instance: There was a deal for a home for which I wrote the offer at $330,000 with 20% down = $66,000 + 3% closing =$9,900. We wrote in asking for up to 3% toward non-recurring closing costs and after the third offer on this bank owned home in Whittier, CA in relatively bad condition the bank (the seller) agreed to pay the buyers closing costs. This included their title, termite and escrow fees. It came to about $8,500. The buyers still had other closing fees they paid when purchasing a home such as their loan fees and home insurance, home warranty fees, etc. They had more than the amount to cover these closing costs when they made the offer to show strength as buyers. This fact helped them by showing the bank (seller) that they were strong buyers and understood the fact that the home needed repairs and that banks DO NOT MAKE REPAIRS. The buyers were savvy enough to listen and follow my professional experience and direction. It took 3 offers to win the bid but they are now fixing it up and living in the home which recent comparable sales show that they have equity of $120,000. Now, they put in about $70,000 in repairs so minus that from the 120k and they are sitting on some nice equity in a very nice situation. Close of escrow was April of 2010.

Depending on your down payment amount towards a $700,000 mortgage about you would want to have at least 3% which totals $21,000.00. This is only for closing not toward the down payment. A 10% down payment on a $700,000 offer would be $70,000, or 15% totals $105,000.

California Association of Realtors 2011 Market View

Hi Everyone,

Here is the 2011 view from  C.A.R.  It looks like buying a condo may be in your future! Short-Sale Sales are up. C.A.R. says the market is slowling healing…

LOS ANGELES (Oct. 4) – A weaker-than-expected economic recovery will result in a projected decline in California home sales for 2010, although home sales are expected to edge up slightly in 2011, according to the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) “2011 California Housing Market Forecast” released today. 

California home sales for 2010 are forecast to decline 10 percent from the 2009 sales figure of 546,500 homes sold.  Sales in 2011 are projected to increase a lackluster 2 percent to 502,000 units compared with 492,000 units (projected) in 2010.  After two consecutive years of record-setting price declines, the median home price in California will climb 11.5 percent in 2010 to $306,500 and increase another 2 percent in 2011 to $312,500, according to the forecast.

“California’s housing market will see small increases in both home sales and the median price in 2011 as the housing market and general economy struggle to find their sea legs,” said C.A.R. President Steve Goddard.  “The minor improvement in the housing market next year will be driven by the slow pace of recovery in the economy and modest job growth.  Distressed properties will figure prominently in the market next year, but we also expect to see discretionary sellers play a larger role,” he said.

“As the U.S. economy continues its tepid recovery, we’ll see some improvement in California’s economy,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young.  “We expect a net jobs increase of approximately 1.4 million jobs in California for the year to come and an improvement in unemployment figures,” she said.

“The situation in the California housing market continues to be a tale of two housing markets,” said Goddard. The segment of the market under $500,000 has been driven by distressed sales, while higher-priced areas of the state have been constrained by restricted financing options, and increasingly have experienced an increase in the number of distressed properties.  Sales in the low end have been constrained by a lack of inventory, putting upward pressure on prices.  Multiple offers on lower-end homes have been very common, according to Goddard.

“A lean supply of available homes for sale will drive prices up at the low end, but larger inventories and limited, less attractive financing will cause continued softness at the high end,” said Appleton-Young.  “There’s some indication that lenders will accelerate the number of foreclosures coming on market, further adding to the housing supply, but we do not anticipate that lenders will flood the market with distressed properties,” she said.

“The wild cards for 2011 include federal housing policies, actions of underwater homeowners, and the strength of the economic recovery,” said Appleton-Young.  “What is certain is that favorable home prices and historically low interest rates will continue to make owning a home in California attractive for those who are in a position to buy,” she said.

An expanded forecast presentation will be presented Wednesday afternoon during the CALIFORNIA REALTOR® EXPO 2010 (, running from Oct. 5-7 at the Anaheim Convention Center in Anaheim, Calif.  The trade show attracts nearly 7,000 attendees and is the largest state real estate trade show in the nation. 

Don’t miss “2010 Econ Panel:  The Future of Real Estate Finance and Your Market in 2011” during CALIFORNIA REALTOR® EXPO 2010.  C.A.R. Vice President and Chief Economist Leslie Appleton-Young will lead a panel of renowned economists as the experts share their predictions on what the changing economy means for real estate.  Panelists include: Richard Green, professor and director of the USC Lusk Center for Real Estate; John Karevoll, housing analyst at Dataquick Information Systems; and Michael LaCour-Little, professor and director of the California State University, Fullerton Real Estate and Land Use Institute.  The panel is scheduled to be held Thursday, Oct. 7, from 2 p.m. – 3:30 p.m. at the Anaheim Convention Center.


  2005 2006 2007 2008 2009 2010f 2011f
SFH Resales (000s)   625.0    477.5 346.9 439.8 546.5 492.0 502.0
% Change 0.03% -23.6% -27.3% 26.8% 24.3% -10.0% 2.0%
Median Price ($000s) $522.7 $556.4 $560.3 $346.4 $275.0 $306.5 $312.5
% Change 16.0% 6.5% 0.7% -38.2% -20.6% 11.5% 2.0%
30-Yr FRM 5.9% 6.4% 6.3% 6.0% 5.1% 4.7% 5.1%
 1-Yr ARM 4.5% 5.5% 5.6% 5.2% 4.7% 3.9% 4.1%

Leading the way…® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® ( is one of the largest state trade organizations in the United States, with more than 160,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

Video attched with this graph: 

(562) 972 9886

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