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Weekly Mortgage Update: November 20th, 2017

November 20, 2017dillonBlog0

WEEKLY MORTGAGE UPDATE – NOVEMBER 20, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (NOVEMBER 19TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates stepped slightly higher last week on mostly positive economic data mixed with some additional political uncertainty.
  • Retail Sales posted a 0.2% increase, while Industrial Production powered ahead by 0.8%.
  • Inflationary data revealed a continuation of upstream price pressure in the Producer Price Index, but not much is flowing through to the consumer level.
  • A few analysts are talking a bit more about the potential for inflation to flare in the coming months, but most experts don’t expect any dramatic increases.
  • All interest rates are very likely to increase, especially if the Fed continues even small rate increases, along with the slow unwinding of its massive portfolio.
  • The wide variances in the Senate and House tax plans, including the impact of housing also created some additional uncertainty, which may have generated a little extra upward pressure on rates.
  • The most important economic news of this week could be the Fed’s latest meeting minutes. If we see hints of a few more governors taking more hawkish stances, then rates would likely move upward.

IT’S A SELLER’S MARKET, BUT WHERE ARE THE SELLERS?

According to ValueInsured’s latest, Modern Homebuyer Survey, 79% of homeowners believe that now is a good time to sell. However, many are reluctant to put their home on the market. 72% of those who are interested in selling are concerned with “timing the real estate market.” Almost two in three believe that now is a good time to sell, but also believe that it is a bad time to buy. 61% are holding on and “waiting until prices to buy are better to make a move.”

Weekly Mortgage Update: November 12th, 2017

November 13, 2017dillonBlog0

WEEKLY MORTGAGE UPDATE – NOVEMBER 12, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (NOVEMBER 12TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Last week saw average mortgage rates drift slightly downward. With limited economic data or news, markets appeared to focus more on the tax reform news flowing out of Washington.
  • The wide gaps between the Senate and House versions may have created some disappointment that the probability of a bill moving quickly through Congress has decreased.
  • We could see politics surrounding this tax bill playing a role in mortgage rates. If the process of reconciling the two versions becomes extremely acrimonious, and odds of having a bill to the President before the end of the year drop, we could see mortgage rates struggling to move upward, or at least muting any upward movement.
  • This week brings us the Producer and Consumer Price Indices, along with Retail Sales and Industrial Production.
  • If we get another unexpected flare upward in any of the inflation readings, rates could be pressured upward.
  • However, Retail Sales is expected to only post a very small increase, and if it comes in as a decline instead, then we could see mortgage rates drifting slowly downward.

WAS AFFORDABILITY BETTER IN THE LATE 1990’S?

According to new research from Black Knight, Inc., home affordability is better today than it was in the late 1990’s. While many people are concerned about increasing home prices, data reveals that buyers today need a smaller percentage of their median income for a down payment on a home. Currently, a homebuyer would need 21.4% versus 24.2% in the 1990’s. The payment-to-income ratio required for a mortgage payment has also dropped by 2.8%!

Open House Schedule: 11/11/2017 & 11/12/2017

November 11, 2017dillonBlog, Open Houses0

Kristen Fowler Group has three different homes Open this Weekend! We have a rare four car garage Condo/Town Home on Saturday recently reduced to $775,000. On Sunday we have two very hard to find homes! A incredibly rare largest floor-plan detached Home on the Lake in East Lake Village with extensive upgrades, and an Original owner blank canvas in one of the best hidden neighborhoods in all of Yorba Linda. Large Square footage priced at $799,000! Our entire team hopes to meet you this weekend! Call us today with any questions at 714-693-1180.

OPEN SATURDAY 1:00 – 4:00 pm (11/11/2017)

3878 PAR Drive, Yorba Linda, CA 92886 (MLS # PW17207060)

(all data current as of 11/21/2017)
Price $775,000
Beds 3
Baths 3 baths
Home size 2,297 sq ft
Lot Size 999 sqft
Days on Market 89
Status Active
Newer-Built & Model-Perfect ‘Palisades’ Townhome! Premium Corner Unit with No Building Directly Behind - Savor Beautiful Views of Sunsets & City Lights from this Truly Lovely Home with Upgrades Throughout! Designer Faux Wood Tile Flooring & Upgraded Carpet - Plantation Shutters – Recessed Lighting - Formal Living Room – Formal Dining Room - Spacious Chef’s Kitchen Features: Granite Countertops; Deep Pantry; Center Island; and Stainless Steel ‘GE Profile’ Appliances, Including Dishwasher, Microwave, Oven & Gas Cooktop with Hood - Brkfst Eating Nook - Kitchen Open to Family Great Room & Covered Balcony with Scenic Views - Generous Master Suite with Walk-In Closet - Master Bathroom Offers Dual Quartz Vanities, Soaking Tub & Separate Shower with Seat - Upstairs Are Two Additional Bedrooms, Full Upgraded Quartz Bathroom & Laundry Room with Sink - Backyard Paver Patio has Artificial Turf & Space to BBQ & Entertain - AWESOME Oversized 4-Car Attached Garage with Epoxy-Coated Flooring & Storage Galore - Water Conditioning System - $259/month HOA Dues to Enjoy Resort Style Community Pool, Spa, Gym, Yoga Room & Tot Lot Playground - No Mello Roos Tax - Prestigious Master-Planned Vista Del Verde Golf Community is Surrounded by Miles of Horse & Walking Trails & Close to Parks & 18-Hole Black Gold Golf Course - California Distinguished Schools: Lakeview Elementary, Yorba Linda Middle & El Dorado High School - Complex is FHA Approved Too

Property Type(s): Condo/Townhouse/Co-Op

Last Updated 11/6/2017 Tract Other (OTHR)
Year Built 2012 Community 85 - Yorba Linda
Garage Spaces 4.0 County Orange
Total Parking n/a

Price History

Prior to Sep 7, '17 $798,888
Sep 7, '17 - Today $775,000

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW17207060)

OPEN SUNDAY 1:00 – 4:00 pm (11/12/2017)

5364 VIA MORENA, Yorba Linda, CA 92886 (MLS # PW17212958)

(all data current as of 11/21/2017)
Price $1,329,000
Beds 3
Baths 3 baths
Home size 2,403 sq ft
Lot Size 3,400 sqft
Days on Market 68
Status Active
Live on the Water! Extremely Rare DETACHED East Lake Shores Home w/Tasteful Upgrades Thru-Out - Celebrate Life on the Lake in Beautiful Waterfront Backyard Featuring Outdoor Fireplace, Covered Patio, Built-In BBQ w/Granite Bar Top Seating & Extensive Use of Stacked Stone - Backyard Faces East for Morning Sun! Sale INCLUDES ElectraCraft Enclosed Boat to Enjoy Year Round - Cambridge Model Home Features Elegant Plantation Shutters, Crown Moldings & Recessed Lighting Thru-Out - Remodeled Granite Kitchen w/White Cabinetry & Stainless Steel Appliances - Handsome Hardwood Flooring - Family Rm w/Built-Ins & Stacked Stone Fireplace - Formal Dining Rm - Spacious Living Rm w/French Doors to Backyard - Master Suite has Walk-In Closet, High Vaulted Ceilings & Private Balcony Deck w/Views of the Water - Updated Master Bath w/Dual Vanity, Jet Tub & Shower - Upstairs are 2 More Bdrms & Updated Bath w/Shower - Convenient Upstairs Laundry Rm - 2-Car Garage w/Built-Ins & Attic Storage - All Newer Dual-Pane Windows & Doors - Water Filtration & Conditioning System - Newer HVAC System & NEW Water Heater - Enjoy All East Lake Village Amenities: Catch & Release Fishing, Paddle Boarding, Kayaking, Clubhouse, 5 Community Pools, Sports Courts, Gym & Annual Patriotic & Christmas Boat Parades - HOA Dues Also Include Exterior Maintenance of Home, Structural Insurance, Including Earthquake, Basic Cable & Trash Pickup - Calif Distinguished Schools: Fairmont Elmntry, Bernardo Yorba Middle & Esperanza High

Property Type(s): Single Family

Last Updated 11/1/2017 Tract Eastlake Shores (ELSH)
Year Built 1985 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Price History

Prior to Sep 15, '17 $1,349,000
Sep 15, '17 - Today $1,329,000

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW17212958)

OPEN SUNDAY 1:00 – 4:00 pm (11/12/2017)

19821 SIENNA Lane, Yorba Linda, CA 92886 (MLS # PW17250436)

(all data current as of 11/21/2017)
Price $775,000
Beds 5
Baths 3 baths
Home size 2,614 sq ft
Lot Size 6,874 sqft
Days on Market 22
Status Active
Your Blank Canvas Awaits! Original Owners of Spacious & Well-Maintained 5-Bedroom Home in the Heart of Yorba Linda - Big Usable Pool-Sized Lot has Space to Design Your Dream Backyard - All Newer Dual-Pane Windows & Doors with Lifetime Warranty - Brand New HVAC System - Approximately 2,614 SqFt of Living Space Offers 5 Bedrooms, 2.5 Bathrooms & Loads of Living Space! Inviting Exterior with Freshly Painted Wood Trim - Impressive Double Door Entry - Formal Living Room – Formal Dining Room - Kitchen Features Solid Countertops, Dishwasher, Microwave, Electric Stove/Oven & Beautiful View of the Backyard - Kitchen Eating Nook - Oversized Family Great Room with Brick Fireplace & Dual Sliding Glass Doors Leading to Backyard - Master Suite has Walk-In Closet & Private Bathroom with Shower - Upstairs are 4 More Bedrooms & Full Bathroom - Bonus Room Loft Also Upstairs! Large Inside Laundry Mud Room - Attached 2-Car Garage with Direct Access to Home - No Mello Roos Tax – No HOA Dues - California Distinguished Schools: Fairmont Elementary, Bernardo Yorba Middle & Yorba Linda High

Property Type(s): Single Family

Last Updated 11/17/2017 Tract Yorba Linda Knolls Estates (YR
Year Built 1971 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Price History

Prior to Nov 3, '17 $799,999
Nov 3, '17 - Today $775,000

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW17250436)

Weekly Mortgage Update: November 6th, 2017′

November 7, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – NOVEMBER 6, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (NOVEMBER 5TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Last week saw a torrent of data and news flowing into financial markets, and while most of it was positive, mortgage rates mostly shrugged.
  • Assuming Senate confirmation, Jerome Powell will be the next Federal Reserve Chair. All indications point to no significant change in the Fed’s trajectory. The Fed also met last week with little change to policy.
  • The monthly employment numbers did see a revision into positive territory for September and 261,000 new jobs for September. While certainly substantial, some market participants were hoping for even more new jobs.
  • The ISM Indices split direction with services edging upward and manufacturing slipping downward, but remaining at a solid 58.7.
  • We’re seeing a bit more international data, including a rate increase from the Central Bank of England, which appears to be supporting the notion that foreign economies are gaining steam.
  • This week is fairly light in terms of economic data. We may see markets pushed around as the stream of news regarding tax reform heats up, but rates are not like to move all that much in response.

PROFILE OF HOME BUYERS AND SELLERS

In the recent release of its annual Profile of Home Buyers and Sellers, NAR researchers found some interesting tidbits. Homebuyers continue to remain in their home an average of 10 years after hitting a low of 6 years in 2009. The average time a home remained on the market dropped to a historic low of 3 weeks. The age of repeat buyers continues to climb and now stands at an all-time high of 54. Buyers and sellers using agents remained at historic highs of 87% and 89%.

Weekly Mortgage Update: October 30th 2017′

October 31, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – OCTOBER 30, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (OCTOBER 29TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates moved upward last week, as economic news continued to point toward improving economic conditions.
  • For the first time since 2014, GDP posted back-to-back increases of 3.0% or better.
  • New Home Sales blew by expectations, growing 18.9%. Additionally, announcements from the European Central bank bolstered the view that their economy is also on a solid recovery track.
  • This week is a big week for economic data and events. Consumer Confidence, ISM Index, and the monthly employment report are all due against a backdrop of a Fed meeting and the potential for an announcement of the next Fed Chair.
  • There is almost zero expectation of any change in interest rates from the Fed, buts odds for a December increase have moved to nearly 100%.
  • After last month’s surprise drop in new jobs for September, many analysts are expecting a significant revision upward into positive territory or an outsized increase in new jobs for last month.
  • If that fails to materialize, then we may see any upward rate trajectory slowed, and market optimism muted somewhat.

PLAN NOW TO AVOID THE DOUBLE WHAMMY

This hurricane season provided a painful reminder that things don’t always go as planned. Sadly, many people only discover what their homeowners’ policy doesn’t cover after they need to make a claim. From natural disasters to sewer backups to rotten odors, it’s best to know where the gaps are in your coverage and fill them, before you need it.

Weekly Mortgage Update: October 23rd, 2017′

October 23, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – OCTOBER 22, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (OCTOBER 22ND, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgages rates were slightly up last week, with stock markets pulling some cash out of bonds.
  • Industrial Production did step somewhat higher, and the Beige book noted improvement in one Fed district.
  • Existing Home Sales did manage a small uptick, while Housing Starts moved in the opposite direction.
  • Storm-related issues appear to continue to impact some indicators, including weekly jobless claims and the Leading Economic Indicators.
  • To the frustration of some, we seem to be plodding along the same economic course that we have for years. While it may lack pizzazz and great headlines, we have had continued economic growth, job growth, and low inflation.
  • This week, we may see mortgage rates tick up slightly, especially if stock markets continue to rocket higher, as they did last week.
  • However, if the first estimate of last quarter’s GDP hits 3.0%, which is above most economists’ expectations, then we would see rates flaring higher.
  • However, if GDP drops below 2.0%, we could see mortgage rates end the week on a downward trajectory.

WHERE IS IT THE MOST EXPENSIVE TO BUILD A HOUSE?

The National Association of Home Builders analyzed all the data from 2016 to discover what it costs to build a house around the country. The most expensive was a contractor-built home in the Pacific region, coming in at $164 per square foot, excluding improved lot costs. The cheapest homes were spec homes built in the in the East South Central (VA, TN, AL, and MS) coming in at $91 per square foot. The national average worked out to be $101 per square foot.

Open House Schedule 10/14/17 & 10/15/17

October 13, 2017dillonBlog, Open Houses0

Kristen Fowler Group has 5 different Properties Open this weekend Between Saturday (10/14/2017) & Sunday (10/15/2017). Hopefully you have time to come take a look! Call us direct at 714-693-1180 for all your Real Estate needs.

OPEN HOUSE SATURDAY 10/14/2017′ from 1:00 – 4:00 pm

We're sorry, but we couldn't find MLS # PW17214098 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN HOUSE SATURDAY 10/14/2017′ from 1:00 – 4:00 pm

18085 VIA ROMA, Yorba Linda, CA 92886 (MLS # PW17221054)

(all data current as of 11/21/2017)
Price $1,095,000
Beds 4
Baths 5 baths
Home size 3,454 sq ft
Lot Size 2,000 sqft
Days on Market 58
Status Active
Built by Toll Brothers … The Heritage at Vista Del Verde is a Prestigious Master Planned Development Overlooking Championship Black Gold Golf Course - Largest Model in the Tract the 'Alessandra' Floorplan has Approx 3,454 SqFt with 4 Bdrms & 4.5 Baths - Private Courtyard Entry Opens to Impressive Two-Story Foyer & a Truly Pristine Home - Handsome Marble & Hardwood Flooring - Formal Dining Rm - Gourmet Kitchen Features: Maple Cabinets w/Adjustable Shelves, Granite Slab Counters, Walk-In Pantry, Center Island & Stainless-Steel Appliances, Including 36” Cooktop w/Griddle, Convection Micro, Oven, Dishwasher, Warming Drawer & Built-In Refrig - Kitchen Opens to Family Rm w/Cozy Wood-Burning Fireplace - Grand Master Suite w/Spacious Walk-In Closet - Solid Covered Balcony Deck w/Beautiful Views of the Golf Course - Lavish Master Bath Offers Dual Marble Vanities, Jacuzzi Tub & Shower - Upstairs are 3 More Bdrms Each w/Private Bath, Bonus Rm Loft & Laundry Rm w/Sink - Main Floor Library Was Builder’s Optional Guest Suite w/5th Bath - Backyard has Solid Covered Loggia & Relaxing Above Ground Spa - Attached 2-Car Garage w/Full Size Driveway - $395/mo HOA Dues Include Exterior Maintenance & Earthquake Insurance - Neighborhood Recreation Center w/BBQs, Picnic Area, Swimming Pool & Spa - Energy Efficient Multi-Zone Central Air Conditioning - Surrounded by Miles of Horse & Walking Trails - No Mello Roos Tax - Calif Distinguished Schools: Lakeview Elmtry, Yorba Linda Middle & El Dorado High

Property Type(s): Condo/Townhouse/Co-Op

Last Updated 9/26/2017 Tract Other (OTHR)
Year Built 2010 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Additional Details

Lot 2000 sq ft Area 85 - Yorba Linda
HOA Dues 395.00 | Monthly Parking Spaces: 2.00
Pool Description Association,Community Pool,In Ground Stories 2
Subdivision Other (OTHR) Utilities Sewer Connected,Water Connected
View Description Golf Course Water Public

Features

Air Central, Dual
Air Conditioning Yes
Appliances Built In Range, Dishwasher, Garbage Disposal, Microwave, Range/Stove Hood, Refrigerat
Basement Foundation: Slab
Fireplace Yes
Garage Built-In Storage, Direct Garage Acc, Driveway, Garage, Yes
Heat Central Furnace
HOADescription Barbecue, Dues Paid Monthly, Earthquake Insurance, Maintenance Grounds, Picnic Area, Pool, Spa
Interior Balcony, Built-Ins, Ceiling Fan, Crown Moldings, Granite Counters, Open Floor Plan, Recessed Lighting, Two Story Ceilings
LotDescription Back Yard
Style Mediterranean, Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW17221054)

OPEN HOUSE SATURDAY 10/14/2017′ from 1:00 – 4:00 pm

We're sorry, but we couldn't find MLS # PW17219451 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

OPEN HOUSE SUNDAY 10/15/2017′ from 1:00 – 4:00 pm

5364 VIA MORENA, Yorba Linda, CA 92886 (MLS # PW17212958)

(all data current as of 11/21/2017)
Price $1,329,000
Beds 3
Baths 3 baths
Home size 2,403 sq ft
Lot Size 3,400 sqft
Days on Market 68
Status Active
Live on the Water! Extremely Rare DETACHED East Lake Shores Home w/Tasteful Upgrades Thru-Out - Celebrate Life on the Lake in Beautiful Waterfront Backyard Featuring Outdoor Fireplace, Covered Patio, Built-In BBQ w/Granite Bar Top Seating & Extensive Use of Stacked Stone - Backyard Faces East for Morning Sun! Sale INCLUDES ElectraCraft Enclosed Boat to Enjoy Year Round - Cambridge Model Home Features Elegant Plantation Shutters, Crown Moldings & Recessed Lighting Thru-Out - Remodeled Granite Kitchen w/White Cabinetry & Stainless Steel Appliances - Handsome Hardwood Flooring - Family Rm w/Built-Ins & Stacked Stone Fireplace - Formal Dining Rm - Spacious Living Rm w/French Doors to Backyard - Master Suite has Walk-In Closet, High Vaulted Ceilings & Private Balcony Deck w/Views of the Water - Updated Master Bath w/Dual Vanity, Jet Tub & Shower - Upstairs are 2 More Bdrms & Updated Bath w/Shower - Convenient Upstairs Laundry Rm - 2-Car Garage w/Built-Ins & Attic Storage - All Newer Dual-Pane Windows & Doors - Water Filtration & Conditioning System - Newer HVAC System & NEW Water Heater - Enjoy All East Lake Village Amenities: Catch & Release Fishing, Paddle Boarding, Kayaking, Clubhouse, 5 Community Pools, Sports Courts, Gym & Annual Patriotic & Christmas Boat Parades - HOA Dues Also Include Exterior Maintenance of Home, Structural Insurance, Including Earthquake, Basic Cable & Trash Pickup - Calif Distinguished Schools: Fairmont Elmntry, Bernardo Yorba Middle & Esperanza High

Property Type(s): Single Family

Last Updated 11/1/2017 Tract Eastlake Shores (ELSH)
Year Built 1985 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Price History

Prior to Sep 15, '17 $1,349,000
Sep 15, '17 - Today $1,329,000

Features

Air Central
Air Conditioning Yes
Appliances Barbecue, Built In Range, Dishwasher, Garbage Disposal, Gas Range, Microwave, Range/St
Exterior Barbecue Private, Dock Private, Lighting, Rain Gutters
Fireplace Yes
Garage Built-In Storage, Direct Garage Access, Garage, Yes
Heat Central Furnace
HOADescription Barbecue, Club Hous, Gym/Ex Room, Horse Trails, Picnic Area, Playground, Pool, Sauna, Spa, Sport Court, Tennis
Interior Balcony, Built-Ins, Ceiling Fan, Crown Moldings, Granite Counters, Pantry, Pull Down Stairs to Attic, Recessed Lighting, Stone Counters, Wired for Sound, Wood Product Walls
LotDescription Back Yard, Cul-De-Sac
Style Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW17212958)

OPEN HOUSE SUNDAY 10/15/2017′ from 1:00 – 4:00 pm

3878 PAR Drive, Yorba Linda, CA 92886 (MLS # PW17207060)

(all data current as of 11/21/2017)
Price $775,000
Beds 3
Baths 3 baths
Home size 2,297 sq ft
Lot Size 999 sqft
Days on Market 89
Status Active
Newer-Built & Model-Perfect ‘Palisades’ Townhome! Premium Corner Unit with No Building Directly Behind - Savor Beautiful Views of Sunsets & City Lights from this Truly Lovely Home with Upgrades Throughout! Designer Faux Wood Tile Flooring & Upgraded Carpet - Plantation Shutters – Recessed Lighting - Formal Living Room – Formal Dining Room - Spacious Chef’s Kitchen Features: Granite Countertops; Deep Pantry; Center Island; and Stainless Steel ‘GE Profile’ Appliances, Including Dishwasher, Microwave, Oven & Gas Cooktop with Hood - Brkfst Eating Nook - Kitchen Open to Family Great Room & Covered Balcony with Scenic Views - Generous Master Suite with Walk-In Closet - Master Bathroom Offers Dual Quartz Vanities, Soaking Tub & Separate Shower with Seat - Upstairs Are Two Additional Bedrooms, Full Upgraded Quartz Bathroom & Laundry Room with Sink - Backyard Paver Patio has Artificial Turf & Space to BBQ & Entertain - AWESOME Oversized 4-Car Attached Garage with Epoxy-Coated Flooring & Storage Galore - Water Conditioning System - $259/month HOA Dues to Enjoy Resort Style Community Pool, Spa, Gym, Yoga Room & Tot Lot Playground - No Mello Roos Tax - Prestigious Master-Planned Vista Del Verde Golf Community is Surrounded by Miles of Horse & Walking Trails & Close to Parks & 18-Hole Black Gold Golf Course - California Distinguished Schools: Lakeview Elementary, Yorba Linda Middle & El Dorado High School - Complex is FHA Approved Too

Property Type(s): Condo/Townhouse/Co-Op

Last Updated 11/6/2017 Tract Other (OTHR)
Year Built 2012 Community 85 - Yorba Linda
Garage Spaces 4.0 County Orange
Total Parking n/a

Additional Details

Lot 1000 sq ft Area 85 - Yorba Linda
HOA Dues 259.00 | Monthly Parking Spaces: 4.00
Pool Description Association,Community Pool,In Ground Stories 2
Subdivision Other (OTHR) Utilities Sewer Connected,Water Connected
View Description Catalina,City Lights Water Public

Features

Air Central
Air Conditioning Yes
Appliances Built In Range, Dishwasher, Garbage Disposal, Gas Oven, Microwave, Range/Stove Hood, T
Basement Foundation: Slab
Garage Boat, Direct Garage Access, Garage, Oversized, Yes
Heat Central Furnace
HOADescription Barbecue, Club House, Dues Paid Monthly, Gym/Ex Room, Maintenance Grounds, Playground, Pool, Spa
Interior Balcony, Built-Ins, Ceiling Fan, Granite Counters, Open Floor Plan, Pantry, Recessed Lighting
LotDescription Close to Clubhouse, Corner Lot
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW17207060)

 

Weekly Mortgage Update: 10/08/2017′

October 10, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – OCTOBER 8, 2017

Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (OCTOBER 8TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Mortgage rates appear to be trending upward as the majority of economic data from last week pointed to solid economic growth.
  • Both of the ISM Indices stepped on the accelerator, powering past expectations.
  • The unemployment rate dropped to 4.2%, with both the participation rate and hourly earning bumping upward. Against this backdrop, analysts pointed to hurricane-related distortions to explain the 33,000 jobs lost in September.
  • While this is very likely to be the case, the bond market seems to be more hesitant than the stock market to celebrate and make significant moves.
  • If this week’s Retail Sales number blows past expectations like the ISM readings, then rates are very likely to continue moving upward.
  • It may be worth noting that the president is considering potential candidates for the Federal Reserve, along with the option of keeping the current chair. While making an appointment in the coming weeks is expected, if Trump decides to hold off on making an announcement, the market might get a little nervous, and that could keep rates from rising too much.

REAL ESTATE BACKED CRYPTOCURRENCY?

With news and investors all abuzz about Bitcoin and other cryptocurrencies, a company launched this summer called REcoin Group that pitched a currency called REcoin. They billed it as “first ever cryptocurrency backed by real estate.” While the concept of backing a currency with something of tangible value, like real estate, may seem like a great idea, the SEC has charged the company’s CEO with fraud. Right now, there are no cryptocurrencies backed by real estate.

Open House Weekend 10/7 & 10/8

October 6, 2017dillonBlog, Open Houses0

Come Discover the Best Listings in Yorba Linda This Weekend at Kristen Fowler’s Open Houses!

Saturday 10/7/17 from 1-4 p.m.

We're sorry, but we couldn't find MLS # PW17212119 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

We're sorry, but we couldn't find MLS # PW17216692 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

3878 PAR Drive, Yorba Linda, CA 92886 (MLS # PW17207060)

(all data current as of 11/21/2017)
Price $775,000
Beds 3
Baths 3 baths
Home size 2,297 sq ft
Lot Size 999 sqft
Days on Market 89
Status Active
Newer-Built & Model-Perfect ‘Palisades’ Townhome! Premium Corner Unit with No Building Directly Behind - Savor Beautiful Views of Sunsets & City Lights from this Truly Lovely Home with Upgrades Throughout! Designer Faux Wood Tile Flooring & Upgraded Carpet - Plantation Shutters – Recessed Lighting - Formal Living Room – Formal Dining Room - Spacious Chef’s Kitchen Features: Granite Countertops; Deep Pantry; Center Island; and Stainless Steel ‘GE Profile’ Appliances, Including Dishwasher, Microwave, Oven & Gas Cooktop with Hood - Brkfst Eating Nook - Kitchen Open to Family Great Room & Covered Balcony with Scenic Views - Generous Master Suite with Walk-In Closet - Master Bathroom Offers Dual Quartz Vanities, Soaking Tub & Separate Shower with Seat - Upstairs Are Two Additional Bedrooms, Full Upgraded Quartz Bathroom & Laundry Room with Sink - Backyard Paver Patio has Artificial Turf & Space to BBQ & Entertain - AWESOME Oversized 4-Car Attached Garage with Epoxy-Coated Flooring & Storage Galore - Water Conditioning System - $259/month HOA Dues to Enjoy Resort Style Community Pool, Spa, Gym, Yoga Room & Tot Lot Playground - No Mello Roos Tax - Prestigious Master-Planned Vista Del Verde Golf Community is Surrounded by Miles of Horse & Walking Trails & Close to Parks & 18-Hole Black Gold Golf Course - California Distinguished Schools: Lakeview Elementary, Yorba Linda Middle & El Dorado High School - Complex is FHA Approved Too

Property Type(s): Condo/Townhouse/Co-Op

Last Updated 11/6/2017 Tract Other (OTHR)
Year Built 2012 Community 85 - Yorba Linda
Garage Spaces 4.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Lakeview
Jr. High School Yorba Linda
High School El Dorado

Additional Details

Lot 1000 sq ft Area 85 - Yorba Linda
HOA Dues 259.00 | Monthly Parking Spaces: 4.00
Pool Description Association,Community Pool,In Ground Stories 2
Subdivision Other (OTHR) Utilities Sewer Connected,Water Connected
View Description Catalina,City Lights Water Public

Features

Air Central
Air Conditioning Yes
Appliances Built In Range, Dishwasher, Garbage Disposal, Gas Oven, Microwave, Range/Stove Hood, T
Basement Foundation: Slab
Garage Boat, Direct Garage Access, Garage, Oversized, Yes
Heat Central Furnace
HOADescription Barbecue, Club House, Dues Paid Monthly, Gym/Ex Room, Maintenance Grounds, Playground, Pool, Spa
Interior Balcony, Built-Ins, Ceiling Fan, Granite Counters, Open Floor Plan, Pantry, Recessed Lighting
LotDescription Close to Clubhouse, Corner Lot
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW17207060)

Sunday 10/8/17 from 1-4 p.m. 

5364 VIA MORENA, Yorba Linda, CA 92886 (MLS # PW17212958)

(all data current as of 11/21/2017)
Price $1,329,000
Beds 3
Baths 3 baths
Home size 2,403 sq ft
Lot Size 3,400 sqft
Days on Market 68
Status Active
Live on the Water! Extremely Rare DETACHED East Lake Shores Home w/Tasteful Upgrades Thru-Out - Celebrate Life on the Lake in Beautiful Waterfront Backyard Featuring Outdoor Fireplace, Covered Patio, Built-In BBQ w/Granite Bar Top Seating & Extensive Use of Stacked Stone - Backyard Faces East for Morning Sun! Sale INCLUDES ElectraCraft Enclosed Boat to Enjoy Year Round - Cambridge Model Home Features Elegant Plantation Shutters, Crown Moldings & Recessed Lighting Thru-Out - Remodeled Granite Kitchen w/White Cabinetry & Stainless Steel Appliances - Handsome Hardwood Flooring - Family Rm w/Built-Ins & Stacked Stone Fireplace - Formal Dining Rm - Spacious Living Rm w/French Doors to Backyard - Master Suite has Walk-In Closet, High Vaulted Ceilings & Private Balcony Deck w/Views of the Water - Updated Master Bath w/Dual Vanity, Jet Tub & Shower - Upstairs are 2 More Bdrms & Updated Bath w/Shower - Convenient Upstairs Laundry Rm - 2-Car Garage w/Built-Ins & Attic Storage - All Newer Dual-Pane Windows & Doors - Water Filtration & Conditioning System - Newer HVAC System & NEW Water Heater - Enjoy All East Lake Village Amenities: Catch & Release Fishing, Paddle Boarding, Kayaking, Clubhouse, 5 Community Pools, Sports Courts, Gym & Annual Patriotic & Christmas Boat Parades - HOA Dues Also Include Exterior Maintenance of Home, Structural Insurance, Including Earthquake, Basic Cable & Trash Pickup - Calif Distinguished Schools: Fairmont Elmntry, Bernardo Yorba Middle & Esperanza High

Property Type(s): Single Family

Last Updated 11/1/2017 Tract Eastlake Shores (ELSH)
Year Built 1985 Community 85 - Yorba Linda
Garage Spaces 2.0 County Orange
Total Parking n/a

Schools

School District Placentia-Yorba Linda Unified
Elementary School Fairmont
Jr. High School Bernardo Yorba
High School Esperanza

Features

Air Central
Air Conditioning Yes
Appliances Barbecue, Built In Range, Dishwasher, Garbage Disposal, Gas Range, Microwave, Range/St
Exterior Barbecue Private, Dock Private, Lighting, Rain Gutters
Fireplace Yes
Garage Built-In Storage, Direct Garage Access, Garage, Yes
Heat Central Furnace
HOADescription Barbecue, Club Hous, Gym/Ex Room, Horse Trails, Picnic Area, Playground, Pool, Sauna, Spa, Sport Court, Tennis
Interior Balcony, Built-Ins, Ceiling Fan, Crown Moldings, Granite Counters, Pantry, Pull Down Stairs to Attic, Recessed Lighting, Stone Counters, Wired for Sound, Wood Product Walls
LotDescription Back Yard, Cul-De-Sac
Style Traditional
View Yes

Location

Listing information deemed reliable but not guaranteed. Read full disclaimer.

Listing provided by : Kristen Fowler CalBRE:01061545, First Team Real Estate

(view all details for MLS #PW17212958)

We're sorry, but we couldn't find MLS # PW17214098 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Weekly Mortgage Update: 09/24/2017′

September 25, 2017dillonBlog0

WEEKLY MORTGAGE WATCH – SEPTEMBER 24, 2017

Weekly Mortgage Watch - September 24, 2017Click here to download the PDF.

FIRST TEAM’S WEEKLY MORTGAGE WATCH (SEPTEMBER 24TH, 2017) THIS WEEK HIGHLIGHTS THE FOLLOWING UPDATES:

  • Many economists breathed a sigh of relief when the Federal Reserve finally announced the start of its long path to winding down its gigantic portfolio.
  • With inflation unexplainably muted, the Fed has been able to remain “accommodative” for an extended period. Indeed this has become the third longest recovery in recorded US history.
  • However, the economy moves in cycles, and another downturn will happen, although we don’t know when.
  • According to experts, if the next downturn starts before the Fed “normalizes” its policies and portfolio, the tools at the Fed’s disposal to fight a recession could be very limited.
  • Last week’s move likely marks the beginning of rates trending upward. Of course, the last few years have demonstrated how difficult predicting rates can be.
  • This week will likely start with rates continuing to move slowly upward. The final estimate of the second quarter’s GDP is due, and if it adjusted over 3.1%, then rates could move higher even quicker.
  • The increase could accelerate if Consumer Confidence numbers surprise on the high side again.

THE WINNERS OF MONEY MAG’S BEST PLACE TO LIVE

Money Magazine’s annual “Best Places to Live” report was released last week. This year, Fishers, IN took the top spot. The magazine’s researchers analyze eight areas to come up with the best place to live, including economy, cost of living, education, housing, crime, convenience, recreational and cultural amenities, and an overall sense of pleasantness. Rounding out the top six are Allen, TX, Monterey Park, CA, Franklin, TN, Olive Branch, MS, and Dickinson, ND.

  • Phone

    714-693-1180
  • Email

    KriFowler@aol.com
  • Address

    18180 Yorba Linda Blvd.
    Suite #501
    Yorba Linda, CA 92886
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