Monthly Archives: March 2015

GOOD SAMARITANS CHASE ALLEGED PURSE-SNATCHER IN LA HABRA

An alleged purse-snatcher who robbed an 82-year-old woman in La Habra Sunday was arrested with the help of two Good Samaritans.

Police say 25-year-old Alfredo Lezama allegedly grabbed the woman’s purse as she walked home from church around 2 p.m.

“She was approached by a male suspect who ran up to her and snatched her purse from her arm,” said La Habra police Sgt. Jose Quirarte.

Surveillance video shows Lezama running down the street in front of La Habra Auto Sales, located at 650 South Beach Boulevard. About 20 seconds later, the elderly victim is seen running after the suspect. Read more

Attention potential sellers sitting on the fence: It could be time to make a move.

La Habra Heights Home For Sale Bedrooms:  5  Bath4  Sqft:  4,030  LotSqft:  	3.27 Acres Asking 1,300,000  Call Kevin 714-696-8508

La Habra Heights Home For Sale
Bedrooms: 5, Bath 4, Sqft: 4,030
LotSqft: 3.27 Acres, Asking 1,300,000
Call Kevin 714-696-8508

Mid-March to mid-April is the best time to hang the sale sign nationally, with homes selling 15% faster and for 2% more than the average sale, according to Zillow. The window tends to be a little earlier for sellers in warmer climates and a little later in colder climates.

“It’s still predominately a seller’s market, but less so than the last year or two,” said Stan Humphries, Zillow’s chief economist. “Some advantages are moving back to buyers; but largely and broadly … it’s still favoring the sellers.”

Here are four reasons you might want to list your home:

1. Low housing supply: Tight inventory is a main reason the ball is still in the sellers’ court.

The level of unsold homes was 4.6 months in February, according to the National Association of Realtors. That means it would take a little less than five months for all available inventory to sell. In a normal market, a five-to-seven month supply is considered balanced, said Danielle Hale, director of housing statistics at the NAR.

Tight inventory tends to prop up home prices and can result in multiple offers and spur bidding wars.

But at the same time, low supply is also keeping some sellers in their homes. “They aren’t typically going to sell and then rent,” explained Hale. If sellers aren’t comfortable that they will be able to find a new home, it can keep them off the market. “There needs to be more construction in the market to ease the pressure,” she said. Read more

Building second chances for families in need

Titan Public Relations teamed up with Habitat for Humanity, Saturday to help build houses for low-income families that either live or work in Orange County.

The clock struck 7:30 a.m. on a gloomy Saturday morning, as the sun hid behind an overcast sky. The sound of heavy work boots made their way into a dirt-laden housing complex as six Cal State Fullerton students hurried to sign in before the start of a day filled with volunteer work.

“I thought it was a really good opportunity because it’s so close to Cal State Fullerton, so I feel like this would have the most immediate effects in our community,“ said Arianne Antonio, outreach director for Titan PR.

La Habra , Ca habitat for Humanity

Courtesy of The Unitarian Church in Summit.

Habitat for Humanity—a nonprofit organization that brings people together to build homes—gathered volunteers from 7:30 a.m. until 3:30 p.m. at its La Habra location to help with the process of turning a house into a home for families in need.

“(Habitat) gives these families the chance to have affordable housing where otherwise they may be living in their car,” said Kandy Killingsworth, a Habitat for Humanity site supervisor assistant for the La Habra site. “They have money but they just don’t have enough money to pay what the outstanding rents are around here.” Read more

2015 La Habra Heights Clean Up Days

La Habra Heights - Recycle Dates2015 La Habra Heights Clean Up Days

April 25th, August 22nd & November 7th

Location: “The Park”
1885 N. Hacienda Rd.

Sponsored By:
Republic Waste Services

What To Bring: Bulky Items, Greenwaste*, Electronics, Recyclables.

*Greenwaste must be bagged, bundled for easy handling and no more than (4 Feet) in length.

What Not To Bring:

Liquids, Tires, Hazardous Waste**

For Information regarding disposal of Household Hazardous Waste, such as paint and used motor oil, call 1-888-Clean-LA or visit www.888cleanla.com

Note:

Up to (2) Loads Per La Habra Heights Household allowed with proper identification. A Load is defined as no more than which can fit into a small pickup truck or attached trailer.

 

Home Prices Surge to Fastest Pace in Year

La Habra Heights,Ca

Search for your home at LaHabraHeightsRealEstate.com

Existing-home sales showed some improvement in February, but remain constrained by low inventories of homes for-sale that are pushing price growth to the fastest pace in a year, according to the National Association of REALTORS®.

The median existing-home price for all housing types was $202,600 in February – 7.5 percent higher than a year ago.

“Insufficient supply appears to be hampering prospective buyers in several areas of the country and is hiking prices to near unsustainable levels,” says Lawrence Yun, NAR’s chief economist. “Stronger price growth is a boon for home owners looking to build additional equity, but it continues to be an obstacle for current buyers looking to close before [mortgage] rates rise.”

Mortgage rates, for now, continue to hover near historical lows. The 30-year fixed-rate mortgage averaged 3.71 percent in February, according to mortgage giant Freddie Mac.

“With all indications pointing to a rate increase from the Federal Reserve this year – perhaps as early as this summer – affordability concerns could heighten as home prices and rents both continue to exceed wages,” says Yun. Indeed, an NAR study earlier this month found a widening gap between rent and income growth across the country, which is making it more difficult for renters to become home owners.


4 Stats to Gauge the Market

Here are some more findings from NAR’s latest housing report:

1. Existing-home sales: Existing-home sales rose 1.2 percent month-over-month, reaching a seasonally adjusted annual rate of 4.88 million in February. Sales are 4.7 percent higher than a year ago. Read more

Fido Come Home Alert – 3/24/2015

Fido Come Home - La Habra Heights, CaThis is an alert… at 12:08 Tuesday. There are 2 dogs running up Dorothea towards Avocado Crest. They are on a rope tied together and will not come to me. One is white and one is gray in color. If you see these two it’s a dangerous situation because they afraid and almost got hit by a car… Call us ASAP so we can try to catch them. 562-694-8090

Reality Check: You’re Already Paying a Mortgage

Here’s a big splash of reality for you, whether you own a home or not, you’re already paying a mortgage.

A common reason for renters to postpone buying a home is fear of commitment – to a mortgage payment that is. The fact, however, is that unless you’re living rent-free with mom and dad, you’re already paying a mortgage: your landlord’s.

When you rent, you’re paying down the principal of a landlord plus a rate of return instead of reaping your own tax benefits of owning.

What if you could allot the same amount for rent to a 30-year fixed rate mortgage instead? That way your housing expense is locked in and set. The only thing you can guarantee with your rent is that it will increase as time goes on. According to the USC Casden Forecast for 2014, Southern California rents will raise more than 8% in the next two years.

As an owner, the mortgage payment is a ‘forced savings’ which will allow you to have equity in your home you can tap into later in your life. As a renter, you guarantee the landlord is the person with that equity.

Review your options – you have more than you think

Kinda starting to feel like you’re in a not so healthy relationship with your rent, doesn’t it? We’re not saying it’s time to break up, just time to review your options. A good place to start is with Fannie Mae and Freddie Mac who have started backing loans with as low as 3.5% down. Read more

Heads Up—This Might Be the ‘Last Call’ for Low Mortgage Rates

Tulips-Spring-Market-1024x768Consider this a gift to home buyers: Mortgage interest rates dipped to 3.78% this week, just in time for the spring housing market.

For people who are in the process of buying a house, our best advice is to lock in your rate now. “This is the last call before the bar closes at these historically low levels,” said Jonathan Smoke, chief economist at realtor.com®.

Currently, rates are low, but they are expected to rise. On Wednesday the Federal Reserve issued its first warning that rates will increase in the near term, because the economy has stabilized. The Fed has been propping up the economy by keeping rates at zero since late 2008, when the housing market collapsed. Now that employment is up, gas prices are low, and consumers are feeling more confident about the future, interest rat
es are sure to rise. Observers expect the Fed action to happen as early as June.

“From here, rates should go up more than down, which means affordability declines rapidly,” Smoke said. “It also means that navigating mortgage choices becomes simultaneously more important , but also more complex as higher rates would cause qualifications to be harder and some options will fall off the table.”

It goes to reason that as interest rates increase, affordability decreases. Home prices are rising and now that rates are indicated to follow suit, your buying power will not be as great as it once was. These are the waning days of remarkably low rates.

According to the Freddie Mac Primary Mortgage Market Survey:

  • 30-year fixed-rate mortgage averaged 3.78%, down from last week when it averaged 3.86%. A year ago at this time, it averaged 4.32%.
  • 15-year FRM this week averaged 3.06%, down from 3.1% last week and 3.32% last year at this time.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.97%, down from last week when it averaged 3.01%. It averaged 3.02% last year this time.
  • 1-year Treasury-indexed ARM averaged 2.46%, unchanged from last week. At this time last year, it averaged 2.49%.

 

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