The Orange County RegisterCounty flats in redditch ,home-loan rates hovering below 6%”The cost of financing a home dropped slightly this week as declining oil prices eased inflation fears, a Freddie Mac economist said Wednesday. The weekly average rate for houses in redditch , over a 30-year fixed loan in Orange County slipped back below 6 percent this week to 5.98 percent, the National Financial News Services reported. …The one-year, adjustable-rate mortgage with a two-point fee declined in Orange County to 3.925 percent from last week’s 3.95 percent. Last month, more than 72 percent of all home purchases were financed using adjustable loans. … mortgage brokers and real-estate agents have said they didn’t expect rising interest rates to have much effect on Orange County home sales unless mortgage interest rates get above 7.5 percent or 8 percent. “Nov. 25, 1993 – The Orange County RegisterWork begins on redditch estate agents . plans to open its 1,005-acre community called Las Flores next year.President Tony Moiso said the company will begin selling home lots to builders next spring. By 1995, the company hopes to have homes on the market. …Plans call for the community, located just south of property for sale in redditch and south Orange County, to contain up to 2,500 homes. The county has required that about 60 percent of those homes be priced under $250,000.Despite a lackluster real estate market, He said he believes there is substantial pent-up demand for new homes.”Nov. 23, 1989 – The Orange County RegisterTustin home values rise 41% in ’89 – OC averages 20% appreciation to date “If you live in Tustin and own a home, there is another reason to be thankful today.Homes and condominiums in that city, which prides itself on its small-town atmosphere, appreciated a whopping 41.9 percent during the first 10 months of this year to $251,282 — the most of any Orange County community, said homes throughout the county appreciated 20 percent during the same period, to $250,884, but the appreciation rate continues to slow. …’Last year was a very good year for home appreciation, so this year pales in comparison,’ said media relations specialist for “Real estate booms don’t last forever.’”Nov. 29, 1979 – Los Angeles TimesOrange County jobless rate drops to 4.1%”The number of unemployed Orange County residents dropped by 4,100 in October, shrinking the county’s jobless rate to 4.1% – the lowest in Southern California, the Employment Development Department (EDD) reported Wednesday. …The largest change in October was the addition of 8,900 government jobs, mostly for staffing public schools…Despite the downturn in the unemployment rate and the record labor force, there were some signs of weakness in the labor market, (labor market analyst Alta) Yetter said.”Note: The LA Times recently reported that in October 2008, Orange County had an unemployment rate of 6%. The state unemployment rate was 8.2%, which was a 14-year high. 1 comments Labels: history speaks, orange county Wednesday, November 26, 2008 It’s Thanksgiving Eve! Did anyone know there was such a thing as Thanksgiving Eve? My wife and I found out a year ago today when we tried to go to Panera for dinner and found out they all closed early because of “Thanksgiving Eve.”Either way, it’s important to take this time to remember how lucky we all are.