Newport moves closer on affordable housing

Area for development is near John Wayne Airport, where a total of 2,200 homes are allowed. Agreeing to lift constraints on affordable housing development, Newport Beach officials have received tentative approval of the city’s housing blueprint. Regulators from the state Department of Housing and Community Development said last month that the city’s moves would bring …

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1 in 4 O.C. homes are mortgage-free

Imagine not having to pay rent or make mortgage payments. In Orange County, almost 1 out of every 4 homes is in that category because their owners don’t have a mortgage, according to U.S. Census data. We’re talking 100 percent equity.  Housing costs as low as $500 a month. And the number is growing. The …

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July sales and price report

California home sales fell in July but were up from the previous year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) reported: …Closed escrow sales of existing, single-family detached homes in California dropped 4.1 percent to a seasonally adjusted 458,440 units in July, according to information collected by C.A.R. from more than 90 local REALTOR® associations and …

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Renting price increases

According to the OC Register, Orange County came in at number five of locations in the U.S. with rising rental rates.  Our county has a projected 4.5% increase in rent amounts for 2011. Maybe it’s time to escape the renting game and purchase a home of your own! Please feel free to contact me if …

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