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 13.31 months for
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11/16/2009
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 this year the number of homes s
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11/16/2009
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 this year
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11/16/2009
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
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11/08/2009
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 fel
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11/08/2009
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 $500,000. First American e
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11/08/2009
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 and the median selling price was up 2% as well
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11/08/2009
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 2008 and 57% from its pe
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11/08/2009
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 taken by the banks throug
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11/08/2009
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 more
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11/08/2009
