Based on fourth-quarter trends there is a large gap between rent increases in north and south Orange County. The statistics show that the closer you get to Los Angeles the easier it is for a landlord of a large apartment complex to raise the rent. 23 cities in Orange County have at least five ap
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01/28/2009
Q. I currently have enough money to buy a rental property, but I was wondering if there are enough advantages for me to borrow some of the money? If I do borrow against the property, should I buy with a mortgage or pay cash and then borrow later? I don’t want to borrow more than 50% of the purcha
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01/28/2009
For more information please go to: View Fullerton Foreclosures You can view all foreclosure listings in the City of Fullerton as well as every other city in Southern California at Foreclosure Listing in Southern California. Search Foreclosures like you never have before - on a map overlayed with
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01/27/2009
Roughly 718 houses and condos were foreclosed by banks in December which is a 13% increase from November and a 12% increase from a year ago. The number of foreclosures in 2008 totaled 11,560, which is more than double the amount of homes foreclosed in 2007. Notices of defaults – which is the in
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01/26/2009
Q: Could I qualify for a mortgage on a second home. Since the bottom of the housing market should be reached in the next year or so, I thought this may be an opportune time to purchase a second home, use it as a rental property for now and hold on to it as an investment. My FICO should be betwe
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01/26/2009
Apartment watchers have predicted that for 2009 Orange County vacancies will increase by 1% to 5.9% by the years end. Rents are expected to increase 2.3% to $1,574 per month. Construction of new apartments will exceed last year’s construction especially in Irvine and south Anaheim. Roughly 2,
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01/25/2009
For the month of December the overall median selling price of homes in Orange County were down 29.2% from a year ago balancing out at $400,000; that is down 38% from June 2007’s peak of $645,000. Single family homes averaged at $427,000 which is the lowest average selling price since February 20
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01/25/2009
The Consumer Price Index claims that the cost of living in rental housing in Southern California had the smallest increase in 8 years, rising at a rate of 4.5%. In December this measurement of renter’s housing expenses was the lowest it had been since March of 2000 rising at an annual rate of 3.
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01/23/2009
According to a leading mortgage company the 30-year fixed-rate mortgage average came back from record lows as did bond yields. Last week the 30-year fixed-rate mortgage averaged 4.96%, this week it was up averaging 5.12% with an average 0.7 point. An economist stated that "Fixed-rate mortgages
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01/23/2009
The number of filings that start the foreclosure process nearly doubled in Orange County from November to December of 2008. This chart tracks notices of default and foreclosures since June. The chart clearly shows the decline in foreclosure activity due to the enactment of SB 1137 in September
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01/22/2009
