Victor Valley's Latest Real Estate News & Information
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The value of a home is in the eye of the beholder

Wrestling over the numbers to determine a home’s price can be a challenge.

There’s the price the seller hopes beyond hope he can get. And there’s the buyer’s initial offer price. That’s usually different from the price he’s actually willing to pay for the house.

There’s also the price the seller’s listing agent believes the house should be listed for. That’s usually different from what the listing agent believes the house will actually sell for.

To close this seemingly insurmountable chasm, the sellers usually come down a bit from their dream price, the buyers come up a tad from their low-ball offer,

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Original Article: http://www.ocregister.com/2017/08/19/the-value-of-a-home-is-in-the-eye-of-the-beholder/
Date: 1503170914

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Step inside eco-friendly, oceanfront Laguna Beach house by Mark Singer for sale at $14 million

Trader Joe’s marks 50th anniversary with product tastings, giveaways

Trader Joe’s will mark its 50th anniversary with celebrations in its stores today and Sunday.

The celebrations will include special product tastings and giveaways. A limited-edition 50th anniversary reusable bag will be available for 50 cents.

Trader Joe’s introduced its first reusable bag to customers 40 years ago.

The first Trader Joe’s store opened on Aug. 25, 1967 in Pasadena on Arroyo Parkway, which remains in operation. The chain of grocery stores that combines basics like milk and eggs with hard-to-find items like avocado citrus yogurt and vegan mocha nut lattes has 467 stores in 41 states and the District of Columbia.

Original Article: http://www.ocregister.com/2017/08/19/trader-joes-marks-50th-anniversary-with-product-tastings-giveaways/
Date: 1503170603

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Pacific Premier Bancorp to acquire Plaza Bancorp in deal worth $226 million

Irvine-based Pacific Premier Bancorp, the holding company of Pacific Premier Bank and Plaza Bancorp, has agreed to acquire Plaza in an all-stock transaction valued at roughly $226 million, or $7.29 per share.

Plaza, also based in Irvine, reports $1.3 billion in total assets, $1.1 billion in gross loans and $1.1 billion in total deposits as of June 30. The bank has seven regional offices located in Irvine, Manhattan Beach, El Segundo, Pasadena, Montebello, San Diego and Las Vegas.

The transaction, according to a company statement, will increase Pacific Premier’s total assets to approximately $7.7 billion on a pro forma basis.

“On a combined

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Original Article: http://www.ocregister.com/2017/08/18/pacific-premier-bancorp-to-acquire-plaza-bancorp-in-deal-worth-226-million/
Date: 1503083665

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Orange County homes can be 27% more affordable than Realtors say

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take.

Rate news summary

From Freddie Mac’s weekly survey: The 30-year fixed rate improved, averaging 3.89 percent, one basis point better than last week’s 3.90 percent. The 15-year fixed improved to 3.16 percent, two basis points better than last week’s 3.18 percent.

The Mortgage Bankers Association reported loan application volume was unchanged from the previous week.

Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming $424,100 loan, last year’s rate of 3.43 percent and payment of $1,888 was $110 less than this

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Original Article: http://www.ocregister.com/2017/08/17/orange-county-homes-can-be-27-more-affordable-than-realtors-say/
Date: 1502996660

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Dana Point landlord to pay $4,500 for denying Marine’s family a rental application

The Department of Fair Employment and Housing has settled a complaint against a landlord who allegedly refused to rent to a couple because the husband was a Marine who might be deployed.

Viridiana Mendez asked about renting a Dana Point condo in April 2016 to share with her husband Albert Quintanilla and their daughter, according to the DFEH.

Mendez said the landlord had no issue renting to her until learning that Quintanilla was a Marine and the family might vacate the unit before the end of the lease term if he was deployed overseas. The landlord allegedly would not even give

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Original Article: http://www.ocregister.com/2017/08/17/dana-point-landlord-to-pay-4500-for-denying-marines-family-a-rental-application/
Date: 1502996650

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Tech companies such as Facebook, Google banishing extremists after Charlottesville

By BARBARA ORTUTAY

NEW YORK — It took bloodshed in Charlottesville to get tech companies to do what civil rights groups have been calling for for years: take a firmer stand against accounts used to promote hate and violence.

In the wake of the deadly clash at a white-nationalist rally last weekend in Virginia, major companies such as Google, Facebook and PayPal are banishing a growing cadre of extremist groups and individuals for violating service terms.

What took so long? For one thing, tech companies have long seen themselves as bastions of free expression.

But the Charlottesville rally seemed to have a sobering

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Original Article: http://www.ocregister.com/2017/08/17/tech-companies-such-as-facebook-google-banishing-extremists-after-charlottesville/
Date: 1502996640

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Marni Market comes to South Coast Plaza, the only one in the U.S.

Status Update: British business council names new president; David Pyle is KidWorks honoree

Exec resigns from president’s council, and Trump lashes out

NEW YORK — The CEO of the nation’s third largest pharmaceutical company resigned from a manufacturing council that advises President Donald Trump days after racially tinged clashes in Charlottesville, Virginia, citing “a responsibility to take a stand against intolerance and extremism.”

Trump, who is under increasing pressure to explicitly condemn the white supremacist and hate groups involved, lashed out almost immediately Monday at Merck CEO Kenneth Frazier on Twitter, saying that because of the resignation, the pharmaceutical executive “will have more time to LOWER RIPOFF DRUG PRICES!”

Drugmakers have come under closer scrutiny because of rising drug prices, though Merck has

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Original Article: http://www.ocregister.com/2017/08/14/exec-resigns-from-presidents-council-and-trump-lashes-out-2/
Date: 1502735483

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