Housing Inventory Snapshot – February 25

I hope you will find the following snapshot of local Real Estate inventory interesting. The table represents aggregated values based on MLS data for the specified date. If you know someone who is considering buying or selling a home, please give me a call. I will provide professional & courteous service along with knowledgeable guidance …

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O.C. house payments at 8-year low

If we were to go strictly by house payments, the cost of buying an Orange County home is now the lowest it’s been in eight to 11 years. The monthly mortgage payment for all housing types has dropped to its lowest level since September 2003, according to recent figures from DataQuick Information Systems. And O.C. …

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Home prices rise despite fewer sales

Following the expiration of the federal home buyers tax credit, sales of existing, single-family homes in California declined 4.2 percent during the month of June compared with the prior year, according to the CALIFORNIA ASSOCIATION OF REALTORS®’ (C.A.R.) June sales and price report.  Meanwhile, the median price of existing homes in California rose 13.6 percent …

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Home size continues to decline

Following nearly three decades of increases, the size of newly built single-family homes declined to an average of 2,438 square feet last year, according to data collected by the Census Bureau.  New homes constructed in 2009 had fewer bedrooms than those in previous years.  After increasing for nearly 20 years, the number of single-family homes …

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