Here's just a bit of news about the national home market and foreclosures. Many of you know that foreclosures are up. Did you know that from July to September they were up 71% from 2007?! The figures for Orange County are going to be slightly dramatic but still high and are expected to be up 11- 14% for next year.

Because this market is driving down prices we are seeing an increase in home sales. Transactions are up 17% in San Diego, 21% in Los Angeles and 32% in Sacramento. While the numbers are readily available for Orange County, we are seeing the same double digit increase in sales transactions.

This is exciting because it means we are seeing good deals and financing is still available to qualified home buyers!

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