orange county: 2.38 Months To Sell All Homes Listed In O.C. - 11/16/09 10:23 PM
Based on Octobers home sales report a new market time report has been released. Market time is based
on home many months it would theoretically take to sell all the inventory in the local MLA for-sale listings at the current pace of home buying.
Two years ago it would have taken … (2 comments)
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orange county: Number of Short Sales On The Rise - 11/16/09 10:16 PM
Throughout the county short sales - a sale of a home for less than is owed on its mortgage – are up.
The rise is shorts sales may help explain the increase in home transactions at a time when they are usually falling. Usually home sales decrease after August but … (2 comments)
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orange county: Number of Short Sales On The Rise - 11/16/09 10:12 PM
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Throughout the county short sales - a sale of a home for less than is owed on its mortgage – are up.
The rise is shorts sales may help explain the increase in home transactions at a time when they are usually falling. Usually home sales decrease after August but … (0 comments)
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orange county: O.C. Home Sales Up 2.3% Last Period - 11/09/09 12:35 AM
From mid-September to mid-October, 2,836 residences were purchased in Orange County – a 2.3% increase
from 2008.
September marked the 15th straight month of sales gains vs. the year-ago period, which followed 33 consecutive months where sales failed to beat the previous year’s pace.
The average selling price of homes during … (0 comments)
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orange county: Local Homebuilder Has Productive Quarter - 11/09/09 12:26 AM
For the first time in three years local homebuilder Standard Pacific Homes came out of the red. They reported a
net loss of $23.8 million during the third quarter which was 94% smaller than the year before – although slightly bigger than the previous quarter.
Standard Pacific Homes revenues fell 18% … (2 comments)
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orange county: Home-data Firm Predicts O.C. Home Prices To Rise 9.5% by August 2010 - 11/09/09 12:01 AM
First American CoreLogic ( a Santa Ana based home-data firm) has come out with a report predicting
that O.C. home prices will be up 9.5% by August 2010. If this is becomes true, the median price of a home in O.C. would increase by $48,000 from the August 2009 median of … (3 comments)
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orange county: Beach Cities See Rise In Homes Sales - 11/08/09 11:55 PM
Last month 466 homes were sold in beach city ZIPs – which was a 21% increase from a year ago.
The median selling price was down 7.1% from a year ago coming in at $680,000 for the 17 beach city ZIPs.
Countywide sales were up 2% compared to a year ago … (1 comments)
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orange county: Number of Homes For Sale Decrease By 57% - 11/08/09 11:51 PM
The number of homes listed for sale in Orange County continues to drop, decreasing by 174 listings
in the past 2 weeks. That is a 2% drop in 2 weeks! The number of listings available in Orange County as of Thursday was 7,749. The number of listings has dropped 39% from … (1 comments)
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orange county: Foreclosures Account For Only 4% Of Homes For Sale In O.C. - 11/08/09 11:45 PM
Based on the current sales pace it would take 21 days to sell all the bank-owned homes in Orange County
and competition is getting so rough that many homes are being sold for 3% over their asking price.
Less than 1 in 20 county’s 7,749 homes for sale were reposed homes … (1 comments)
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orange county: Borrowers Refi Lowers Many Mortgage Rates By 17% Or More - 11/08/09 11:42 PM
The first three quarters of this year marked the smallest total equity cashed out since 2000. The numbers
were adjusted based on inflation by the total equity cashed out so far in 2009 has been $60 billion.
Nationwide the share of refinance loans resulting in new mortgages that were 5% or … (1 comments)
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orange county: Fullerton’s 22nd Annual Veterans’ Day Parade - 11/08/09 11:39 PM
Veterans Day is a week away and once again Fullerton American Legion Post 142, Veterans of Foreign
Wars Post 11390 and Fullerton Emblem Club 469 will host the 22nd Annual Fullerton Veterans’ Day Parade and Ceremony.
The Parade will be start at Fullerton’s Downtown Plaza at 10:30am and end at Hillcrest … (0 comments)
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orange county: Homebuilding In O.C. Rising Slowly - 10/29/09 12:52 AM
Homebuilding in Orange County is beginning to rise again. 126 single-family residence permits were issued
in Orange County in September – which was a 63.6% increase from August and a 14.5% from September 2008.
Overall the number of building permits issued in Orange County so far are down 10.6% from 2008. … (0 comments)
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orange county: Home Prices Are Rising In Spite Of The Economy - 10/29/09 12:48 AM
Home prices throughout Los Angeles and Orange County rose 1.6% in August marking the third month of
month-to-month gains. This month marks the longest of those streaks since September 2006.
Unfortunately local home prices are still falling at a rate of 12% per year, but that is the smallest annual rate … (1 comments)
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orange county: O.C. Finance Jobs At 2-year Low - 10/29/09 12:44 AM
The real estate and finance market in Orange County has lost 1 out of 7 employees. In the month of September t
here was 202,500 Orange County residents working in finance – although that is 15,400 less people than last year it is also the smallest year over year loss in two … (0 comments)
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orange county: Brokers Saw The Best September In 3 Years - 10/29/09 12:37 AM
Since the deadline for the homebuyer tax credit is right around the corner, revenue from broker-handled
deals increased last month to the highest level for a September in three years.
Broker transactions account for roughly 85% of all local home sales and generated $1.4 billion in Orange County in September. Broker … (1 comments)
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orange county: O.C. Home Prices Increase For The 8th Month - 10/27/09 01:21 AM
The median home price of Orange County homes appears to be on track for this year’s eighth month of
increases. If October ends the way its expected to end it should also be the second month of year-over-year price increases after 24 months of price declines.
For the month of September … (2 comments)
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orange county: First-Time Homebuyer Tax Credit A Magnet For Fraudsters - 10/27/09 01:16 AM
The $8,000 first-time homebuyer tax credit has been a target for fraudulent claims. There have
been more then 90,000 fraudulent claims made including those made by former homeowners and children.
Eligibility for the tax credit issued by the Obama Administration extended to those who has not owned a primary residence in … (4 comments)
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orange county: Haunted Fullerton Walking Tour - 10/27/09 01:08 AM
If you are looking for something fun to do to get into the Halloween spirit why not go on the
Haunted Fullerton Walking Tour .
Fullerton is one of the oldest and most haunted cities in Orange County so why not take the tour and see where the ghosts are hiding. … (1 comments)
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orange county: Brea Is The Only O.C. City With Rent Increases - 10/27/09 12:54 AM
If you are looking for an affordable apartment look no further than Westminster.
The city had the county’s highest percentage of empty units and the greatest rent cuts. Rents in large apartment complexes dropped 9%, averaging $1,312 per month. Almost 11% of units in Westminster’s large apartment complexes are empty.
… (0 comments)
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orange county: Hardest O.C. City To Buy A Home? - 10/25/09 05:48 PM
According to the latest O.C. home inventory report, Aliso Viejo is the hottest market in terms of “market time.”
Theoretically all homes for sale in Aliso Viejo could be sold in 1.2 months at the current buying pace. It is the hardest place in Orange County to find a home to … (1 comments)
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