Construction is slated to begin soon on a major and much-needed improvement project. The Chapman Avenue Reconstruction, from Victoria Drive to Acacia Avenue is tentatively said to start in February. R.J. Noble Co. has been contracted to do the construction for $897,455. They will b
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01/22/2009
Habitat for Humanity of Orange County is looking for qualified families for 7 homes to be built in Fullerton. Using volunteer labor and donated materials, and with the full support of the City of Fullerton, Habitat for Humanity of Orange County will build a total of 11 homes in the 400 block of
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01/20/2009
Based on a new report focusing on insurance risks and natural disasters it appears that a large earthquake could exacerbate the already damaged housing market in California: One of the most notable and well-documented California earthquakes of recent times was the 1994 Northridge Earthquake, a tr
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01/16/2009
Orange County homebuying patterns for the November and December revealed that 75 of O.C.’s 83 zip codes were down 30.6% from a year ago and did not have gains in their respective median selling price. Although, overall sales were up 44.5% from a year ago. 21 O.C. zip codes went without sales ga
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01/15/2009
Data from the latest home buying report showed that Orange County’s median selling price of $400,000 is down 30.6% vs. a year ago and -38% below the peak of $645,000 that occurred in June of 2007. Builder prices for new homes are 41% below their February 2005 peak. While condos are selling 42% be
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01/15/2009
In one of today’s government reports at least two positive stats can be Foreclosure starts dipped 2.6% in the third quarter vs. the second quarter. For the first time this year loan modifications – started in Q3 – were 4% greater than completed foreclosures in the period. Unfortunately, other
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01/10/2009
The newest O.C. home market report says the following facts about distressed properties (which are properties that are listed as bank-owned foreclosure or short sales where lenders take less than they are owed): The number of distressed properties on the market is down 7.2% from last year with
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01/10/2009
Statistics show that the 11,842 homes listed for sale as of Thursday marks a two-year low for Orange County homes. It was mentioned that because many sellers took a year off it was an interesting year for inventory. In 2008, by the end of March inventory had reached its peak with 15,617 homes. T
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01/07/2009
It’s important to note that in a year where the amount of homes for sale in Orange County has fallen 24%, a new crop of sellers has popped up in some expensive communities near the beaches. Looking at statistics that have to do with home-inventory 2007 vs. 2008 It was concluded that five of the
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01/07/2009
NEW CROP OF HOMESELLERS APPEAR IN O.C. BEACH TOWNS IN ‘08 It’s important to note that in a year where the amount of homes for sale in Orange County has fallen 24%, a new crop of sellers has popped up in some expensive communities near the beaches. Looking at statistics that have to do with home-i
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01/07/2009
