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…
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…
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…
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…
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…
By Steven Thomas – Reports on Housing The Orange County housing market is not changing that much. What you see is what you will get for the rest of the year. Cruise Control: The inventory is increasing, demand is flat, and foreclosures and short sales are almost nonexistent. This year’s housing market is remarkably different…