Archives for May 2014

Foothilll Ranch Home For Rent

FOOTHILL RANCH-SUPER SUMMERVIEW LEASE OPPORTUNITY! CUL-DE-SAC Location – $2,800.00 per month
Main Photo
Bedrooms: 3
Bathrooms: 2.5
Parking Spaces: 2
Year Built: 199
Subdivision: SUMMERVIEW
Lot Size: 3049
Garage Size: 2
School District: Saddleback Valley Unified
Square Footage: 1313
Agent Name: Kurt Galitski
Broker: The Kurt Real Estate Group
MLS #: S718391
Association Amenities: Spa, Pool, Recreational Multipurpose Room, Clubhouse
Rent: $2,800.00 per month
Available Date: Sun Jun 01, 2014
Deposit: 2800
Minimum Lease: 12 months
Included Utilities: None
19 Belise Lane
Foothill Ranch, CA 92610
  • Range/Oven
  • Full Refrigerator
  • Washer/Dryer
  • Sink Disposal
  • Microwave
  • Fireplace
  • Hardwood Floors
  • Vaulted Ceilings
  • Patio
  • Fenced Yard
  • Grass Lawn
  • Secluded setting
  • Tool Shed
Light and Bright Floor Plan to entertain!. Newer Wood Flooring on Main Level and Carpet on Upper Level. Fresh Paint Throughout. Cozy Living Room with Vaulted Ceilings and Gas Fireplace. Spotless Kitchen with Backyard View Window. Dual Paned Windows. All Like-New Appliances are Included. Convenient Inside Laundry Closet with Full Sized Hook-Ups. Comfortable Ceilings Fans Throughout. Cool Central A.C. for those Summer Days. Master Bedroom Suite has Walk-In Closet & Garden Tub in Bathroom. Attached Double Car Garage with Direct Access into Kitchen and Extra Parking in Driveway. Hardscaped & Fenced Easy Care Backyard Patio. Mature Palm Trees and Landscaping. Association Pool (2701 Burbank). Conveniently Located near to Schools, Shopping, Restaurants & Freeways. Gardener Included. Listen to 24 recorded info about this property at: 877-957-6677 ext.1919

Kurt Galitski
877-957-6677
Powered by vFlyer.com Equal Housing Opportunity VFLYER ID: 281619023
All information in this site is deemed reliable but is not guaranteed and is subject to change
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Orange County- Signs of Stability Increase!

 

Signs of Stability Increase
Signs of stability abound for the Golden State’s housing market. For starters, home price appreciation has leveled off considerably—averaging just 13% more than last year—making it the smallest year-over-year gain we’ve seen since September 2012!
Of course, that varies greatly throughout California. In Orange County the median home price rose to $576,000 for April…only a 7.7% increase from April 2013. Overall, this slowdown in price appreciation shows that the market is settling into a stable pattern. Foreclosures have also dropped 1% across the board, while bank repos increased 27% in California due to homes going through the final stages of the foreclosure process. Many of these bank-owned properties are the unwanted “leftovers” from the housing crisis signaling that this rise in bank repossessions is healthy and that the market will continue to improve. And even though the volume of home sales have throttled down over the past few months, more than half of all homes sold within 2 months of listing…making the California housing market pretty “quick” compared to other parts of the country.
Opportunities are Plentiful for Existing Home Buyers
With housing inventory up 27% compared to a year ago, home price appreciation remaining relatively flat, and mortgage interest rates falling for the 4th consecutive week to six-month lows (average 30-year-fixed is sitting right around 4.16%)—homebuyers have even greater reason to upgrade to a larger, more luxurious property.
And these three factors are sparking a rise in mortgage applications, too. According to the Mortgage Bankers Association Builder Application Survey, mortgage loan application volume jumped 3.6% the week of May 9th over the prior week. But that’s not all. New construction applications rose 5% from March to April. So while there’s been a slight slowdown in market interest from first-time homebuyers and cash investors—due to the fewer number of cheap, distressed properties on the market—there are abundant opportunities for existing homeowners looking to improve their lifestyle with a new or more spacious property. If you’re considering upgrading to a home that has the amenities you truly desire, Contact Kurt Galitski and The Kurt Real Estate Group about their revolutionary program where they will buy your if it does not sell!
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Balboa Island Vacation Rental

Balboa Island For Fourth Of July – $4,800 per week
Main Photo
Bedrooms: 3
Bathrooms: 3
Sleeps: 6
Parking Spaces: 2
Square Footage: 2535
Rental Rate: $4,800 per week
Deposit: 3000
Cleaning Fees: $250
Availability: July 4th Week
Payment Methods: Paypal, Cash, Money Order, Other
215 Agate Ave
Newport Beach, CA 92662
  • Grill/BBQ
  • Full Refrigerator
  • Washer/Dryer
  • Dishwasher
  • Ironing Board
  • Microwave
  • Stove
  • Filtered Water/Ice
  • TV
  • Stereo
  • DSL
  • Satellite
  • Air Conditioning
  • Fireplace
  • Patio
  • Porch/Lanai
  • Linens Provided
  • Balcony
Premier Balboa Island Location– Located within the center of the Island, close to the ferry and downtown, this is your chance to to kick your heels up and relax in the middle of all that the island has to offer. Enjoy a relaxing ferry ride to the fun zone, or take a paddle board out for a spin around the island. Available for one week or longer!

Kurt Galitski
877-957-6677
Powered by vFlyer.com VFLYER ID: 281523001
All information in this site is deemed reliable but is not guaranteed and is subject to change
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Why Buying is Still the Best Option in California

Mortgage Rates Fall to Six Month Lows on Heels of Jobs Report
Following Friday’s Jobs Report, where 288K in nonfarm payroll creation blew away expectations of 210K, many were shocked when mortgage rates moved opposite than anticipated.
Why? Historically when jobs
numbers positively surprise the market, it sends rates skyward. However, interest rates actually fell significantly! This happened thanks to geopolitical drama and unrest overseas which affected bond rates. Since they’re directly correlated to mortgage backed securities, this affected mortgage interest rates.

There is more positive news for the housing market than lower interest rates.

The Pending Home Sales Index (PHSI) rose in March ending 8 consecutive months of declining sales. Plus, data released from Steven Thomas at ReportsOnHousing.com, shows that housing inventory in the OC is on the increase—rising 29% from January with 6,115 active listings.

Low rates and positive market events are great news for buyers and sellers alike because now you can enter the market and lock in rates not seen since 2013. In fact, 30-year fixed rates are currently in the range of 4.120 to 4.24%!

Why Buying is Still the Best
Option in California
According to Zillow’s 2014 Q1 Breakeven Horizon report, buying is still the best route in California. Zillow compares the price-to-rent ratio, home price appreciation, and anticipated rental price inflation to determine that you only need to live in Orange County 2.6 years to make owning a home a smarter financial decision than renting[1].
In fact, sales for properties worth more than $500,000 are up 2.9% from last year. And houses valued at more than $800,000 climbed a whopping 5.4%. And while appreciation played a role in the drop in total overall sales, it looks to be tapering off over the next few months.

By August, Los Angeles and Orange Counties are forecasted to see only a 3.7% rise in prices. And just a 4.2% increase is projected for Inland Empire.

When you combine this with the fact that job expansion is driving greater household growth and lenders are beginning to loosen the reins—becoming more willing to extend credit to borrowers with FICOs between 600-700, more Americans are ready to spend money in the housing market.

This is especially noticeable across the homebuyer sentiment. In fact, according to the PulteGroup Home Index, 74% surveyed feel that the economy improved this year and 85% of millennials and 71% of move-up buyers intending to purchase a home in the future.

Even though appreciation skyrocketed in 2013, buying a home is still as much as 20% cheaper than renting—especially when given the rising rent rates. Take advantage of the low interest rates and ditch writing your monthly rent check. Or, if you’re already a homeowner, consider joining the huge number of “buy-uppers.” Contact your loan officer to lock in your rates before they move higher.

Contact Kurt Galitski and The Kurt Real Estate Group where we will guarantee to save you $10,000 on your next home purchase. Call 877-957-6677 for details.

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