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 close
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12/15/2009
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 vacanci
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12/15/2009
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. A
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12/15/2009
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 gains of 100% or more in the period
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12/15/2009
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
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12/12/2009
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
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12/12/2009
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. A
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12/12/2009
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 be empty in 2010.
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12/05/2009
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 of 83. Rancho Sant
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12/05/2009
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 t
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12/05/2009
