July saw the largest revenue generated by homes since July 2007, totaling $1.4 billion. July also marked the first month in five months that the gross home buying tab in Orange County was higher than the same period in 2008. The rising sales dollar total is an important sign that market may be
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08/15/2009
Since March of this year the active inventory has fallen 25% - nearly 2,925 homes. Currently there are 8,681 homes on the market which is over 5,000 fewer homes than in 2008. Demand for homes is up from last month, up 165 homes from 2 weeks ago. The number of pending sales within the last mont
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08/15/2009
42% of local businesses expect things to start improving in the first half of 2010. A new survey reported that four out of ten local business executives expect their companies to be growing by the end of the year. The survey is a positive sign that people within the county feel that the econo
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08/14/2009
In the most recent period Orange County home buyers purchased 3,131 residences which is an increase of 8.1% from a year ago and July became the 13th straight month of year-over-year sales gains. The final home buying statistics from the last week in July are in and the median selling price of a
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08/14/2009
The City of Fullerton will be offering two free classes to help homeowners landscape their yards in way that is both easy on the eye and easy on California’s unique environment. The two classes will be given by the City of Fullerton Office of Water Engineering and will given Saturday, Aug. 29, a
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08/12/2009
According to many economists Orange County is in a sellers market right now. The supply of O.C homes for sale has fallen to2.5 months, the lowest level in four years. Homes priced below $500,000 dollars are selling quickly. The expected market time for a home priced between $250,000 and $500
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08/12/2009
For the first time in two years Freddie Mac reported its first profit and chose to not seek more aid from the U.S. Treasury. Freddie had a positive net worth of $8.2 billion and gave the government a $1.1 billion dividend on the Treasury’s senior preferred stock. All of Freddie’s report was n
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08/11/2009
Throughout the country the average value of a home had its 10th consecutive quarterly decline, falling 12.1% year-over-year. The data shows that the market hasn’t bottomed for home values is most U.S. metro areas. 23% of all single family homeowners owe more money than their home is worth and
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08/11/2009
At this point the recession in Orange County is not the longest in modern-day history, but it is on its way to gaining that title. This recession began in May of 2007 when the local subprime mortgage industry fell apart and has rapidly fallen downhill since then. Employers began to slash jobs
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08/10/2009
Last week there was only 2,559 distressed properties listed in Orange County, down 57 homes from last week which is a 2.2% decreased. Distressed properties accounted for 29.5% of the Orange County market last week compared to 29.4% of the market the week prior. Since December 26 the number of
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08/10/2009
