mkelly.tv Mike's Weekend Update for the weekend of 10/02.
He covers Dr. Eugenio Aleman of Wells Fargo Economics, and his recent seminar on the current economy, current interest rates, and new hot listings in the Anaheim Hills/Yorba Linda Area.
This is Mike Kelly with my weekend update for real estate here in Anaheim Hills California. The first thing I'd like to start out with is our current interest rates for the week given to us by Bankers Funding. We have right now conforming interest rates up to $417000 running between 4 1/8 and 4.25 percent. When we go into the high balance conforming up to $729,000 were are looking at 4.25 to 4 3/8 and the FHA and VA's are running the same 4.25 to 4 3/8. We had a great week around here in Anaheim Hills. We had the priveledge to attend an economic summit put on by Bankers Funding and Wells Fargo Wealth Management Group. In attendance at the Summit was Dr Eugenio Aleman who is the Cheif Economist for Wells Fargo Economics. What he talked to us about was whether or not this recovery was going to be sustainable. Dr Alemans view on this whole thing is that the economy is growing but it is growing slowly and slow growth is actually a good thing. What he said is that if we have growth that is going to be too fast Then what's going to happen is that inflation is going to rise interest rates are going to rise and we could easly go into a double dip recession. So his view is that slow growth, which is what we are in right now is actually a good thing. He also predicted that interest rates will remain low for the remainder of this year and probably thru the first half of 2011 and possibly into the 3rd and 4th qtrs of 2011. So what Dr Aleman has concluded is that the real estate market has bottomed out and will remain at the bottom for several years to come. So he was actually very optimistic about it, he had alot of charts, alot a graphs, just a ton of information and I hope to have some of those graphs and charts to put into the next recording of this real estate weekend update. One of the things I would like to do today is talk to you about some of the listing I have taken over the last 2 or 3 weeks. I have taken 5 new listings and I want to promote here on the video today. The first property I have is at 131 Avenida Malaga here in Anaheim Hills. This is a 3 bedroom 2 bath home with a beautiful pool and spa and it is priced at $499,999. The second property that I have is probably the hottest buy in Anaheim Hills right now. It is a 2600 sq ft home. It has 3 bedrooms and an office and it is priced at $599,900. The third one is a single story at 4430 Armore St in Anaheim Hills and this one is a gorgeous property on a large lot and this one is priced at $575,000. I have another one at 880 Trailblazer, Anaheim Hills. This one is a 3 bedroom 2.5 bath about 1350 sq ft and is going to be completely remodeled. It is under renovation right now and that is why it is not on the market and this will be priced at $425,000. And last I have 947 Rainbow Falls. This one is in the City of Orange. it si a 3 bedroom 2.5 bath over 1600 sq ft for $399,900.
Also I'd like to promote some of my other homes that are out there on the market. The first is 1029 S Beckett Ct. This one is at $649,000, a 3 bedroom with an office 2600 sq feet at $649000. 8215 Marblehead a spectactualar property, unbelievable veiws, 4 bedrooms 3 baths office bonus room library. This one is priced at $950,000. Please don't forget those. For those of you looking for a luxury home in Anaheim Hills, and the luxury home market in Yorba Linda lets not forget 820 S Peralta Hills Dr. This property is spectacular! It is very unique in that it is over 10,000 sq feet, main house, guest house home theatre, priced at $4,999,999. You can view the video for this on my website at mkelly.tv or you can look at it on this youtube video channel.It a great video on the property.Wrapping up her, if anyone would like to talk to me we will be doing 3 open houses this weeken, one at 131 s Malaga sunday October 3rd from 1 to 4, 8215 e Marblehead Way Saturday October 2nd from 1 to 4, Then I be over on 4430 Ardmore Anaheim Hills on Sunday October 3rd from 1 to 4 Thanks for watching, this is our weekend update for real estate from anaheim hills ca mkelly.tv
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