Posts Tagged: Orange County Real estate

Where Are Prices Headed Over the Next 5 Years

Today, many real estate conversations center on housing prices and where they may be headed. That is why we like the Home Price Expectation Survey. Every quarter, Pulsenomics surveys a nationwide panel of over one hundred economists, real estate experts and investment & market strategists about where prices are headed over the next five years. They then average… Read more »

Buying a Home Remains 38% Less Expensive than Renting!

In Trulia’s latest Rent vs. Buy Report, they explained that buying a home remains cheaper than renting with a traditional 30-year fixed rate mortgage throughout the 100 largest metro areas in the United States. The updated numbers actually show that the range is from an average of 17% in Honolulu, all the way to 63% in… Read more »

Fannie Mae Relaxes Waiting Period for Distressed Borrowers

Fannie Mae recently released a report revising the waiting periods for distressed borrowers with a derogatory credit event such as a foreclosure, bankruptcy, short sale, or deed-in-lieu of foreclosure on their credit history to obtain a new loan. For borrowers with a short sale or deed-in-lieu of foreclosure on their record, Fannie Mae’s new mandated minimum waiting period… Read more »

Renters Beware! Don’t Get Caught in the ‘Renter’s Trap’

In a recent press release, Zillow stated that the affordability of the nation’s rental inventory is currently much worse than affordability of the country’s home sale inventory. The release revealed two things: Nationally, renter’s signing a lease at the end of the second quarter paid 29.5% of their income to rent U.S. home buyers at the end of… Read more »

What Homeownership Can Mean for You

When you’ve never owned your home, your relationship to it is less personal. Let’s face it, when something goes wrong in your rented apartment, you call the landlord or manager to fix it. You don’t worry about insurance against natural disasters, save up for that new roof or upgraded furnace, or myriad other requirements of… Read more »

Orange County Housing – Mid Year Update

OC Housing – Mid Year Update The first two quarters of 2014 are in the rearview mirror and this year has been unquestionably different from prior years. Mid-Year Update: This year’s market is marching to the beat of its own drum. From 2007 through 2011, the Great Recession brought housing to its knees. The market… Read more »

The Market is on Cruise Control

The Orange County housing market is not changing that much. What you see is likely what we’ll get for the rest of the year. The Market is on Cruise Control.   Cruise Control: The inventory is increasing, demand is flat, and foreclosures and short sales are almost nonexistent.   This year’s housing market is remarkably different than… Read more »

Four Reasons to Consider Buying Real Estate Today

Here are four great reasons to consider buying real estate today, instead of waiting. 1. PRICES WILL CONTINUE TO RISE The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 30.8%… Read more »

Buy Now Not Later

Money Magazine: Buy Now not Later We have often suggested that potential home buyers consider rising interest rates when thinking about the true cost of a home. Remember, cost is not determined by price alone but by price and mortgage rate. The longer a buyer waits, the higher the mortgage payment will be if rates… Read more »