In a surprising move on Verizon Wireless’ part they have decided to keep their regional headquarters - along with 2,300 employees in Irvine. Verizon Wireless re- signed the lease for its western regional facility on San Canyon Ave. They intended to stay at that location for at least another 10
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07/30/2009
The number of foreclosures fell in nearly 70% of all ZIPs in Orange County during the second quarter of 2009 vs. the same period in 2008. Many people believe that the number of foreclosures will rise in coming months due to Obama’s disappointing foreclosure plan. The continuing rise in the unem
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07/30/2009
In June the top community in the state with the largest jump in median home selling prices was Laguna Hills – where home prices were up 20.6% compared to the same month a year ago. The median home in Laguna Hills in June was $375,000 – up from $311,000 in June 2008. Three other Orange County ci
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07/30/2009
The inventory of houses for sale in Orange County continued its five-month decline in June mostly due to the fact that fewer homes were on the market. The is the lowest inventory level for Orange County since the housing slump began in October of 2005. At the current pace of the market it would
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07/30/2009
Bank of America announces that it plans to reduce the company’s 6,100 branches nationwide by 10%. At this point it is not clear how many of the branch cuts will be from Orange County. Bank of America is one of the largest banks in O.C.; it was the top bank in June 2008 with $13.8 billion in dep
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07/28/2009
During the second quarter of 2009, home sellers in 9 O.C. ZIP codes typically got selling prices higher than their asking prices. Buyers in mid-county neighborhoods (Santa Ana, Garden Grove and Anaheim) average sales prices surpassed the average listing prices, although the numbers were not subs
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07/28/2009
In Orange County last month, broker- generated home sales totaled $1.3 billion – half of the amount reached in 2005. They have remained consistent; their revenue was nearly even with the revenue generated in June 2008. Last months sales revenue from MLS listings was 2.8% lower than the June tot
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07/27/2009
The current housing projections show California’s home prices rising 5.7% in late 2010 – this comes after housing prices in California have fallen 48.5% from 2006-2008 and nearly 17% this year alone. Due to the large number of foreclosed properties for sale, once the economy gains stability and
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07/27/2009
Orange County home buying patterns for the month of June show that 9 of the 83 ZIP codes in Orange County had gains in their respective median selling price. Overall prices were down 11.6% compared to last year. Out of the 83 ZIPs in O.C., 3 had sales gains of 100% of more for the period. 4 o
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07/25/2009
The latest O.C. home buying statistics for the month of June have been released and marked the 11th straight month of sales gains vs. the previous years. This follows 33 consecutive months where sales failed to beat the previous years pace. During the month of June the median selling price of O
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07/25/2009
