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Billionaire says Real Estate is Best Investment Possible

Posted 7/25/2014

Billionaire money manager John Paulson was interviewed last week at the Delivering Alpha Conference presented by CNBC and Institutional Investor. He boldly stated:

"I still think, from an individual perspective, the best deal investment you can make is to buy a primary residence that you're the owner-occupier of.”

Who is John Paulson?

Paulson is the person who, back in 2005 & 2006, made a fortune betting that the subprime mortgage mess would cause the real estate market to collapse. He understands how the housing market works and knows when to buy and when to sell. What do others think of Paulson?

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The switch to self-employment has mortgage implications

Posted 2/5/2014

I am an unintended consequence.

I have loads of money. I own four properties free and clear. I have no debt. My credit file is impeccable. I have a credit score of 760.

And I was just turned down for a mortgage.

Not just any mortgage, but a cash-out refinance of less than six figures on a foreclosure I bought for cash, rehabbed and turned back on the market as a rental. Furthermore, I was only asking for a loan-to-value ratio of 70%, meaning I was leaving 30% of the home's value as equity. And I was rejected.

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Will you be able to qualify for a mortgage in 2014?

Posted 10/25/2013

Because of the implementation of the Dodd-Frank Act, it may be more difficult to qualify for a mortgage starting January 2014.

You remember the housing market meltdown a few years back, along with the ensuing taxpayer-funded bailout of large lending institutions. Well, in an effort to regulate the lending industry and protect the consumer/taxpayer, Congress established the Dodd-Frank Wall Street Reform andConsumer Protection Act of 2010 (Dodd-Frank Act). And many of its more ambitious new regulations will go into effect January 1, 2014.

The irony? Those changes may make it much more difficult for you to get a mortgage.

"Under the new rules, if [banks] want to lend correctly, by the book, they're going to [have to] leave out a lot of borrowers who would otherwise qualify today for a mortgage," says Jacob Gaffney, executive editor of and HW Magazine, a financial publication covering the housing and mortgage industry.

In fact, according to a Housingwire blog post written by Marcus McCue, executive vice president at Guardian Mortgage in June 2013, 48 percent of borrowers who could get a mortgage through his bank today will not qualify after 2014.

So if you think you might be one of those in the 48 percent, you may want to read on and see why you should refinance now - before those new, stricter rules go into effect January 2014.

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10 Things Today Buyers Look for in a Home

Posted 10/23/2013

While David Letterman’s Top 10 lists generally culminate in a No. 1 ranking, the following list includes in no particular order 10 things that are important to buyers today, especially Millennials who represent a significant buyer niche in today’s market.

Quality of the neighborhood – The National Association of Realtor’s 2012 Profile of Buyers and Sellers revealed that neighborhoods are really important to buyers, but that neighborhood choice varies by household composition.

Convenience to job – Commuting is a necessary evil, but homes that are close to work enhance work-life balance, a growing priority for many Americans, especially Millennials.

Overall affordability of homes – With job markets tight and retirement funds depleted or eroded thanks to the Great Recession, it has never been more important to keep housing related costs as low as possible, ideally no more than one third of your pre-tax income.

Quality of schools – A recent survey by revealed that nearly 45 percent of today’s buyers are willing to pay a premium for quality schools

Homes suited for the next 15 years – Just five years ago, buyers were looking to stay in their home about 10 years. Today, buyers expect to stay closer to 15, so it’s important to find a home that can support lifestyles as they evolve through that time period.

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The Ripple Effect of Home Buying

Posted 10/21/2013

Using the Consumer Expenditure Survey (CES) data from the Bureau of Labor Statistics (BLS), NAHB Economics research shows that a home purchase triggers additional spending on appliances, furnishings, and remodeling. Such spending typically exceeds that of non-moving home owners and persists for two years after moving.

The NAHB analysis compares spending behavior among three groups of single-family detached home owners: buyers of new homes, buyers of existing homes and non-moving owners. During the first two years after closing on the house, home buyers tend to spend on appliances, furnishings and property alterations considerably more compared to non-moving owners. However, home buyers tend to be larger households with children, and on average wealthier, with higher levels of education and concentrated in urban areas. Any of these factors could potentially explain higher spending on appliances, furnishings and remodeling by home buyers. Thus, the NAHB analysis controls for the impact of household characteristics on expenditures, and, nevertheless, finds that a home purchase alters the spending behavior of homeowners and that otherwise similar homeowners spend more across all three categories compared to non-moving owners during the first two years after moving.

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Orange County Housing Report - It Does NOT Pay To Wait

Posted 10/16/2013

Many buyers tire from too much competition and opt to wait, but it has proved to be the wrong decision.

Waiting to Buy: Buyers who have opted to wait a year ago are looking at monthly payment increase of 25% for the median priced detached home today.

For buyers, the Orange County real estate market has been extremely tough for the past 18-months. With very little supply, tremendous competition, multiple offers, offers over the asking price, and brisk appreciation, many buyers decided to retreat to the sidelines and wait until the market was a bit less crazy.

The good news: after a year-and-a-half, the market is a little less crazy right now. The bad news: with higher interest rates and massive appreciation, the payment for the median priced home skyrocketed by 33%. The monthly payment for the median priced detached home in 2012, $542,700, along with the average interest rate of 3.7%, was $1,998. According to Dataquick, the median price of a detached home is currently at $625,000, a 21% increase year over year. Given today’s interest rate of 4.4%, the monthly payment for the current Orange County median is $2,504, a $506 increase.

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Nancy Andreason
Real Estate Broker
Contact by E-mail


"Nancy was asked to be on a panel by the owner of her company, Neil Schwartz. There were approximately 450 agents in attendance. She was asked to share how she had such a strong 2013 and what her goals are for 2014.
In a "nutshell" Nancy works hard consistently, she is continually growing--improving her skills and herself, has strong time management and lives her life with enthusiasm! Her co-workers comment that they have never seen a harder worker than Nancy. She certainly has a winning formula for success!"

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