Federal Reserve Chairman, Janet Yellen, recently updated congress on the housing market. She points out that the housing market has leveled off: The housing sector has shown little recent progress, Yellen testified to the Senate. While this sector has recovered notably from its earlier trough, housing activity leveled off in the wake of last year’s…
Homes Sold: In June 2014, the entire Huntington Beach market saw a total of 155 houses, townhomes, and condos sold… an increase of 3.3% compared to last month and a decrease of 13.9% compared to the same period of 2013. Detached home sales were down 3.7% and attached home sales (condos/townhouses) were down 28.6% compared…
A recent survey by Redfin, the Seattle-based real estate company, found some substantial disconnects among buyers, sellers, and market reality. They are, the company said, not on the same page when it comes to the state of the housing market. While inventories have increased, buyers are still hesitating because of hurdles presented by affordability and…
Here’s one more reason to celebrate Independence Day: Freedom from steep property tax hikes this year for most people who own homes and commercial real estate. Although Southern California home values jumped 22 percent in 2013, tax assessments — used to calculate property taxes — will go up just 0.45 percent, the Orange County Assessor’s…
I hope you will find the following snapshot of local Real Estate inventory interesting! Each month I like to put together a report to let people know what the market is doing in the LA and Orange County area. All information is pulled from the MLS so you can have confidence that these numbers are…