About Joanne
Testimonials
Joanne's Listings
Search the MLS
Contact Form
Email Me
Link to Me
Search For Homes
Buyer/Seller Tips
Your Home's Value



 

 
 ANAHEIM, GARDEN GROVE, CENTRAL ORANGE COUNTY  SHORT SALE  SPECIALIST
(Joanne) Chau Phan
 
Featured Homes - Looking for just the right property? Check here first! Buyer/Seller Tips: Read through helpful tips of information on buying or selling your home!
What is your Home's Value? Let me figure out how much your home is worth in today's market! Local Schools: Identify the best school district for your family with my free schools reports.
              
              REAL ESTATE.  WHAT'S AHEAD FOR HOME PRICES?
                                 
      Sales are ticking up, but don't expect prices to follow until the middle of the year.
       
      In the second half of 2009 , the housing market seemed to catch its breath after struggling to recover from the most severe downturn since the Great Depression.  The first-time homebuyers tax credit and low mortgage rates lured buyers who'd been dithering and helped move the glut of foreclosures that has been dragging down home values.   Sales began ticking up, and home prices stabilized afte ra three yeaer downward  spiral.
      But the correction isn't over yet.  Credit is still tight, unemployment is high and more foreclosures are coming.  Even with the extension and expansion of the tax credit to include move-up buyers and an upward trend in sales, home prices will continue to edge lower throught next spring.  The U.S. housing market won't begin to look healthy again until at least 2011.
       
                               
  

THE PRICE PICTURE  
From the beginning of the downturn in mid-2006 to June 30, 2009, the median price of an existing home nationwide fell by 30%, or 11% annualized, according to Fiserv Lending Solutions.  The median home now sells for $174,000- about what it sold for in 2003.  Among the cities that Fiserv tracks, Detroit-victim of subprime lending and sky-high unemployment-suffered the most, with an annualized decline of 22% in its median home price over three years and a 33% plunge in the year that ended June 30.  Detroit was followed closely by Las Vegas;Phoenix,; Merced, Calif; Miami; and Modesto, Calif.-all at the epicenter of the boom-burst quake.

STRONG BUYERS BENEFIT
Affordability is the outlook's silver lining.  Nationally, the ratio between median family income and the median home price has fallen to 2.8-just under the long-term historical average of 2.9.  renewed affordability combined with historically low mortgage rates present an oportunity for homebuyers who have sterling credit, secure jobs and a plan to live in their home for many years.  
By Pat Mertz Esswein of Kiplinger's

REVERSE MORTGAGE
Senior citizens at least 65 years old and own a property.  Take an equity reverse mortgage lumpsum or receive monthly payment without paying every month.  
Call Joanne Phan    714-448-6399
email to: Joanne@JoannePhan.com
for more information

Click the Testimonial section to see what my  clients say about the services they received.
                            
                                
         
(Joanne) Chau  Phan
R.E. Broker / Realtor / Notary
CRS , GRI ,  e-PRO, SRES
Reverse Mortgage Advisor
Great Service Around the Clock

Credent Real Estate
8381 Katella Ave, suite A
Stanton, CA 90680

Direct: (714) 448-6399  
eFax:    (714) 276-0187    
email:  Joanne@JoannePhan.com                   



                 

               

Real Estate Websites by Advanced Access © 1998-2010