www.CdMRealEstateBlog.com

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For the 22 business days ending March 19 — DataQuick’s freshest stats — Orange County homebuying patterns showed:

• 70 of O.C.’s 83 ZIP codes had losses in their respective median selling price. Overall, prices were -23.8% vs. a year ago.
• 3 of O.C. ZIPs had median sales prices above $1 million in the period (highlighted in green below!) Compare that to 11 million-dollar ZIPs when the county median price peaked in June 2007. Since that pricing pinnacle, there’s been a 41% drop in the countywide median price!
• 56 of O.C. ZIPs had year-over-year sales gains in the period. Overall, sales were +38.5% vs. a year ago.
• 16 of O.C. ZIPs has sales gains of 100% or more in the period.
• For a detailed report on the price moves, CLICK HERE!

Here’s a look at the 83 ZIPs and how they fared in terms of median selling price and total sales for the period:

last 22 days dataquick.doc

For more information about your specific neighborhood, Contact Sandra Carlisle at (949) 500-0482. 

* Sorry for the inconvenience, but email inquiries will only be responded to if they include a valid phone number. 

Join us for The First Team Estates & American Red Cross

LIFE-SAVING BLOOD DRIVE

Did you know that EACH donor can save up to THREE lives?

Wednesday, April 1, 2009

10:00am - 4:00pm

Red Cross Bloodmobile

4 Corporate Plaza, Newport Beach, CA 92660

North of PCH between Avocado & Newport Center Drive

PLEASE BRING YOUR ID WITH YOU!

Click on the link below for further details…

blood drive flyer.doc

OPEN HOUSE TODAY!!!

320 Seaward

Corona del Mar, CA 92625

Sunday 1-4

Stop by and see us!!!

Home is available for lease

4bd/3ba

Approximately 4,000 square feet

Single Level Home

Shorecliffs Neighborhood

Private Access to Beach!!!

Call Team Kiwi at (949) 751-9600 for more information or to schedule a private showing!  Super exclusive neighborhood.  This one WILL NOT last!!!  Call NOW!  (949) 751-9600

Harbor View Elementary School is in the midst of planning their largest fundraiser of the year.  This year’s theme for their Annual Benefit is “Welcome to Wonderland”. 

Welcome to Wonderland will be held at The Fairmont in Newport Beach, CA which is located in the loop around Fashion Island.  It promises to be a night of Mad Celebration including a silent auction, live auction, dancing, food and more!

The event will be from 6pm - 11pm on November 14th, 2008.  If you would like to attend, tickets are $125 each.  If you would like to support Harbor View by donating an item or cash, or would like to place an ad in the Event Program, fill out a donation form or go to www.HarborViewElementary.com.  You can see what type of auction items we already have by visiting the site. 

We are running a raffle for a 2009 Mercedes C300 as well.  Raffle tickets are $100 each and we will only be selling 1000 tickets, so you have a 1 in 1000 chance of winning!  The winner will be announced the night of the event and will be able to choose which color they prefer.

 Thank you in advance! 

Sandra Carlisle, Harbor View PFO President 2008/2009

Have questions about buying or selling in the current real estate market in Corona del Mar, Newport Beach or Newport Coast?  Contact Sandra Carlisle at (949) 500-0482.

As California State Senate Bill 1137 takes effect, this article covers how this bill has dramatically impacted foreclosure filings…

It is a must read for buyers, sellers and real estate agents.

munzing mortgage group sept 2008 article.pdf

After reading the article, be sure to take the “When Will The Market Hit Bottom?” Poll.

For details on real estate market conditions in your neighborhood, contact Sandra Carlisle at (949) 500-0482. 

Hello Everyone,

I am holding open 28 Andiamo in the beautiful single family community of Campobello today.  I was a little worried that this morning started out so gloomy, but the sun is out and shining and it’s a perfect day to come visit me and see this fantastic home.

The asking price for 28 Andiamo is $1,570,000 which makes it the absolute best value for a home in this community and in this price range.  You must see this extra large yard with rose garden views from the kitchen. 

• 3bd/3ba w/loft (4th bedroom?)
• Approximately 2,552 square feet
• 2 car garage w/direct access 
• Did I mention the incredible back yard?  If you love outdoor living spaces, than you need to see this one! It is also very private with a neighbor on only one side of the home. 

Not only are the grounds surrounding this home immaculate, the home itself is gorgeous.  With travertine throughout the lower level, granite countertops, stainless appliances, a formal living & formal dining area, plus a cozy living room w/fireplace adjacent to the open-concept kitchen w/eat in area & breakfast bar.  It is light, bright and comfortable all at the same time. 

Comparing this home to what else you can get in Newport Coast for a similar price ($1.45 - $1.65 mil), you will see why this home should be considered if this is the range you are looking in…

You have 8 other choices in this price range, including…

• 39 Clermont in St. Michel  - 4bd/3ba at approx. 2,700 square feet
• 57 Clermont in St. Michel - 4bd/3ba at approx. 2,466 square feet
• 32 Avignon in Montserrat - 4bd/4ba at approx. 2,588 square feet
• 9 Altino in Ziani - 3bd/4ba at approx. 2,632 square feet (Condo)
• 47 Renata in Tesoro Villas - 3bd/3ba at approx. 2,345 square feet
• 81 Mandria in Ziani - 3bd/4ba at approx. 2,632 square feet (Condo)
• 11 Arbella in Tesoro Crest - 4bd/3ba at approx. 2,691 square feet
• 14 Renata in Tesoro Crest - 5bd/3ba at approx. 2,800 square feet

For more information about homes for sale in Campobello or Newport Coast, contact Sandra Carlisle at (949) 500-0482. 

Yesterday, the Federal Government too some significant action regarding Fannie Mae and Freddie Mac.  Also yesterday, the heads of First Team participated in a conference call with the Department of Treasury and the new Fannie/Freddie regulator. 

Here is the gist of what was discussed and what we can expect as consumers & real estate agents.

• The Treasury decided to place the GSEs into conservatorship because they would not be able to meet their mission on a going forward basis.  The GSEs had begun to sell assets.
• Under this conservatorship, the GSEs will not be under any pressure to sell assets and the Treasury’s actions will begin to reverse the mortgage cycle and begin to build confidence in the GSEs and the mortgage market.

First Team’s view is that…

• This move, in the short term, will provide stability in the mortgage market by easing capital concerns at Fannie & Freddie
• Many people believe, including Lawrence Yun (NAR Chief Economist), that this move by the Treasury could, in the short run, reduce mortgage rates even further.
• This new management should keep Fannie & Freddie’s business partnerships intact
• The Department of Treasury, through 2010 seems to have the intent of expanding Fannie and Freddie business (at least during the housing downturn) 
• We believe that Fannie & Freddie might actually loosen up credit standards in order to stimulate the mortgage market
• The likely primary driver for this move by the Fed was concerns about stable domestic and foreign debt investment in the GSEs.

Looking at this move in the Longer Term:  It seems that this move by the Treasury will basically revert Fannie and Freddie to a facility for federally backed mortgage debt.  The theory appears to be that the GSEs will be employed as a counter cyclical model which means that when times are tough, their job will be to rachet up companies and when the environment is more “normal”, they will back off and let the private market carry the ball.

The future structure of Fannie Mae/Freddie Mac:  It looks like next year’s Congress, new administration and all interested parties will be pondering the question of what the post conservator GSEs will look like.

Some of the main facts regarding the federal action…

• Conservatorship - While there is no change in status for the Federal Home Loan Banks, Fannie & Freddie are immediately placed into a conservatorship.
• GSE Portfolios - In order to promote market stability, GSEs are allowed to increase their MBS portfolios until the end of 2009.  Starting in 2010, these portfolios will be gradually reduced at a rate of 10% per year through run-off to eventually stabilize at a much lower size.
• Treasury Preferred Stock Agreement - The Federal Housing Finance Agency (FHFA) and the Treasury have established a Preferred Stock Purchase Agreement .  This ensures that each company maintains a positive net worth and is intended to provide security to GSE debt holders and MBS investors.  In exchange for this, the Tresury receives a senior preferred equity share and warrants to protect the taxpayers.  Comon and Preferred Shareholders will bear any potential losses ahead of the government’s senior preferred shares.
• Secured Lending Credity Facility - The Treasury has established a new secured lending credit facility that will be available to Fannie, Freddie and the Federal HOme Loan Banks.  It is intended to serve as an “ultimate liquidity backstop” which expires on December 31st, 2009.
• Treasury Program to Buy GSE MBS - A Temporary Program will be initiated later this month by the Treasury to purchase Fannie Mae and Freddie Mac MBS.  These purchases will be made as appropriate and the program will expire on December 31st, 2009.

Other Highlights…

• The GSEs are expected to resume normal business operations Monday
• The United States government will assume control over the Board and Management
• The current CEO’s for Fannie & Freddie are being replaced but will stay on through a transition period
• The new CEO of Fannie Mae will be Herb Allison
• The new CEO of Freddie Mac will be David Moffett
• No dividends will be paid on preferred or common stock
• All political activity and lobbying by the GSEs will cease.

More information will be forthcoming shortly.

MarketWatch Article — http://www.marketwatch.com/news/story/fed-takeover-fannie-freddie-must/story.aspx?guid=%7BF6597149-BF77-4CBB-8785-D009BE980BFA%7D&dist=hppr