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…

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…

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…

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…

Huntington Beach Real Estate Market – Mid Year Update

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…

Buyers and Sellers Not on Same Page With Housing Market Reality

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…

O.C.’s Property Tax Hike To Be Small This Year

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…

July 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…