Foreclosures Are Way Down In California

The number of California homes entering the formal foreclosure process last quarter dropped to the lowest level since late 2005, the result of a stronger economy and higher home values, a real estate information service reported. A total of 17,524 Notices of Default (NoDs) were recorded at county recorders offices during the April-through-June period. That…

Huntington Beach Market Update for August 2014

Homes Sold: In July 2014, the entire Huntington Beach market saw a total of 139 houses, townhomes, and condos sold… a decrease of 10.3% compared to last month and a decrease of 21% compared to the same period of 2013. Detached home sales were down 18.1% compared to last month and down 8.5% compared to…

Orange County Housing: We are Bumping Along a Ceiling

With the best time of the year to sell coming to an end, Orange County appreciation is also slowing. The data is showing that we have reached a “Ceiling in Home Values” in Orange County. In essence, home values have reached an equilibrium. Prices are not moving up anymore because the underlying forces which will…

August 2014 Real Estate Price Report

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…