Highlights of DataQuick’s Orange County homebuying report. For the 22 business days ending October 12 — the latest numbers — Orange County’s real estate market saw total Orange County sales of 3,113 residences closed in the latest period — that is up 21.8% vs. a year ago. Median selling price for all residences of $455,000 …
Home Prices Have Been Rising for Three Months: Report Standard & Poor’s reported Tuesday that it’s closely watched Case-Shiller index declined in January for the fifth straight month. But according to John Burns Real Estate Consulting (JBREC), that’s stale news and doesn’t reflect what’s actually happening in the market right now. In fact, the independent …
Continue reading ‘Home Prices Have Been Rising for Three Months’ »
The nation’s unemployment rate continues to trend down. It slipped to 8.5 percent during the month of December as the economy added 200,000 new jobs, the U.S. Department of Labor said Friday morning. The reported rate is down from 8.6 percent in November. The change in total nonfarm payroll employment for November was revised downward …
The year 2011 is ending on a high note as economists anticipate some signs of recovery ahead. Prices appear to be reaching their trough, visible supply is on the decline, and banks are beginning – just slightly – to loosen lending standards, according to a fourth-quarter report from Capital Economics. However, Capital Economics warns these …