remax: O.C. Builders Record First Gain In Home Sale Contracts - 12/15/09 07:50 PM
Orange County builders recorded their first up month of new home sale contracts in October, which followed
13 straight months of annual sales declines.
The signing of a contract only marks the beginning of escrow. Not all home will close escrow the figures do provide an estimate of future closed sales.
… (0 comments)
|
remax: Office Rents Could Fall Up To 30% - 12/15/09 07:40 PM
The latest economic forecast released by USC predicts at least 2 more years of pain for offices in
Orange County and throughout Southern California.
It is expected that office rents will continue to drop through the fall of 2011 and could decline by as much as 30%. The number of office … (0 comments)
|
remax: Median Selling Price In O.C. Fell At The End Of November - 12/15/09 07:36 PM
Although Orange County home prices have been experiencing a 6 month winning streak, the median home
selling price in late November rant just below October’s final price.
The median selling price for the period ending on November 20th was $432,000 - $4,500 below October’s median selling price. Although this is a … (0 comments)
|
remax: Home Prices Are Up In O.C. - 12/15/09 07:27 PM
For the month of October overall home prices were up 3.9% from a year ago. 40 of Orange County’s 83 ZIP codes had gains in their respective median selling prices. 25 O.C. ZIP codes had both sales gains and price gains in October. 4 of 83 O.C. ZIPs had sales … (2 comments)
|
remax: 1/3 of SoCal Counties Saw Housing Prices Jump - 12/12/09 06:14 PM
Home prices throughout Southern California continued to increase in October, rising $5,000 from
September to average $280,000.
Only two or six Southern California counties had price jumps: Orange and Riverside; but that was enough to boost the average price of homes in all of Southern California. The other four counties reported … (1 comments)
|
remax: Renters’ Costs Fell In SoCal For The First Time In 14 Years - 12/12/09 06:07 PM
For the first time in 14 years Southern California renters costs fell at an annual rate.
Local renters’ costs fell 0.1% last month compared to October 2008. A similar size drop has not been seen since November 1995.
Southern California has seen drops in other areas as well. Household energy … (0 comments)
|
remax: O.C. Came In 3rd Worst In Nation In Housing Affordability - 12/12/09 05:57 PM
In the third quarter Orange County had the 3rd worst housing affordability in the nation. The Housing Opportunity Index showed that 37.6% of all new and existing Orange County homes sold in the third quarter of this year were only affordable to families who earned a median income of $86,100.
… (1 comments)
|
remax: Commercial Real Estate Facing 1-in-4 Offices Vacant - 12/05/09 11:56 PM
It seems commercial real estate in Orange County may not have seen their worst year yet.
A new forecast has come out saying that in 2010 more commercial buildings will be foreclosed and re-sold for as much as 50% off.
It is expected that 1-in-4 offices in Orange County will … (2 comments)
|
remax: Garden Grove Had Weakest Home Market In Q3 - 12/05/09 11:00 PM
In the third quarter Garden Grove’s 92844 ZIP had the weakest housing market in
Orange County. It ranked 82nd out of 83 O.C. ZIPs for pricing; 67th for sales and 69th in terms of the frequency of foreclosures. In the 2nd quarter of 2009 Garden Grove’s 92844 ZIP ranked 56 out … (0 comments)
|
remax: O.C. Ranks 4th In Number of Construction Jobs Lost - 12/05/09 10:55 PM
Amongst California’s largest metropolitan areas Orange County lost the 4th highest for number of
construction jobs lost in the last year. In the last year Orange County alone lost 12,400 construction jobs.
Out of all 28 large metropolitan areas in Orange County every area recorded job loss in the past year. … (1 comments)
|
remax: O.C. Ranks 4th In Number of Construction Jobs Lost - 12/05/09 10:54 PM
<!--StartFragment-->
Amongst California’s largest metropolitan areas Orange County lost the 4th highest for number of construction jobs lost in the last year. In the last year Orange County alone lost 12,400 construction jobs.
Out of all 28 large metropolitan areas in Orange County every area recorded job loss in the past year. … (0 comments)
|
remax: CA Property Taxes May Fall Next Year - 12/05/09 10:46 PM
Due to deflation it is expected that most Californians will see their property tax fall next year.
This would mark the first property tax cut since Prop. 13 was implemented 30 years ago.
The reduction will more than likely cut revenue for cities, counties and schools by hundreds of millions … (2 comments)
|
remax: La Habra Makes Top 10 Cities In State With Home Price Increase - 12/05/09 10:39 PM
La Habra was the only Orange County City represented in the States Top 10 cities with a median home price gain in the
month of October. La Habra saw a 16.2% jump in prices compared to a year ago.
Throughout Orange County the overall median price in October was down 1.3% … (1 comments)
|
remax: Home Building In O.C. May Be Better In 2010 - 12/05/09 10:06 PM
Orange County building company Standard Pacific Homes has suffered 12-quarters of red ink, but economic
forecasts are predicting that next year they may be profitable.
Since the fourth quarter of 2006 Standard Pacific has lost nearly $2.2 billion but quarterly losses have been getting smaller this year.
With the state of … (1 comments)
|
remax: 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)
|
remax: 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)
|
remax: Number of Short Sales On The Rise - 11/16/09 10:12 PM
<!--StartFragment-->
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)
|
remax: 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)
|
remax: 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)
|
remax: 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)
|
;)
;)
