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Emerald Bay Connection

 
 
Good Morning, 
 
DID YOU KNOW?   Bubble or No Bubble…..That is the question.
 
So many buyers and homeowners are mentally preparing for the next housing bubble to pop. We were all affected by the 2008 Recession when values dropped substantially, and countless homeowners lost their homes to foreclosures or short sales. With values surpassing record levels, isn’t housing in a bubble again? Even though so many are anticipating another bubble, I believe the answer is simple: NOPE .
 
But today, it is a different story…. As Steve and I can attest to while we are refinancing our home, Lenders are being MUCH more stringent in their underwriting of loans. In todays environment, it is much more difficult to obtain financing. Buyers must qualify for a loan and furnish paperwork that establishes their ability to make their monthly payments. 
 
The Great Recession was prompted by the housing market where anyone could purchase a home regardless of their true qualifications. Zero down payment loans, fudged loan documents, negative ARM’s, cash out refinancing, and subprime lending  contributed to the run-up in values that filled the housing bubble that ultimately burst in 2007. As a result, the housing market collapsed, and home values plummeted.
 
It is also important to note that it is much more difficult to obtain financing today. Buyers must qualify for a loan and furnish paperwork that establishes their ability to make their monthly payments. 
 
 
 
DID YOU KNOW? That the Chapman University Economic Forecast is coming up…. let’s hear what they have to say. Chapman's Economic Forecast has been cited in major media outlets across the nation and is recognized for, in particular, its statistical accuracy. This year's conference will be held on Tuesday, December 10 in the Renée and Henry Segerstrom Concert Hall. Proceeds go to benefit the Chapman Scholarship Fund. I will be there and look forward to giving you a download. 
 
 
DID YOU KNOW? Last Monday The S&P 500 index closed at an all-time high Monday, extending a recent string of gains in what’s mostly been a solid month for the market. The benchmark index closed at 3,039.42, around 14 points above its previous record set on July 26. The S&P 500 notched its latest milestone after weeks of hovering just below its prior high.
 
 
Things to Do
 
Remember Laguna Beach Hospitality Night
Friday December 6th
 
Hospitality Night is an annual community event that kicks off the holiday season in Laguna Beach! Santa will be greeting the holiday partygoers before the tree lighting ceremony at 6:10pm! 
 
Details...
 
Compass Bridge Loans
 
Compass Provides Another Game Changing Service
Compass Bridge Loan Services gets you access to competitive rates and dedicated support from industry-leading lenders, with the exclusive option to get up to six months of your loan payments fronted when you sell your home with a Compass agent.
Find out more...
 

 

 

My Featured Sales in the Last Year

 

 

 
199 Emerald Bay
 
16,050,000
Represented Seller

 

 

 
52 Emerald Bay
In Escrow
 
Asking $8,500,000 
Represented Seller

 

 

 
62 Emerald Bay
 
$6,750,000 
Represented Seller

 

 

 
1507 Emerald Bay
 
$5,000,000 
Represented Seller

 

 

 
216 Emerald Bay
In Escrow
 
Asking $4,050,000
Represented Buyer and Seller

 

 

 
725 Emerald Bay
 
$3,950,000
Represented Seller

 

 

 
910 Emerald Bay
 
$3,925,000
Represented Buyer

 

 

 
1111 Granville Drive
Newport Beach
 
$1,440,000 
Represented Buyer

 

 

 
Featured Lease
 
Current Listings

 

 

 
 
 
FOR LEASE
 
77 Emerald Bay
319 Emerald Bay
322 Emerald Bay
1221 Emerald Bay
1402 Emerald Bay
 

 

Work With Maura

Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
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