Real Estate Market Update for January 2015

Following are real estate market inventory details for the area of Orange County, CA. The table represents aggregated values based on MLS data for January 28, 2015: Please contact me if you know anyone who is considering buying or selling a home, please give me a call! I strive to always to provide professional and …

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Home purchases now made primarily by current homeowners

According to an article on DSNews.com, investors are no longer buying as much of the real estate inventory–but instead, current homeowners are. HousePulse attributes this change to the rising home prices and decrease in distressed inventory; home purchases from investors are now at 19.7 percent, down from 23.1 percent. First-time homebuyers had just a slight …

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Shadow Inventory is Down

The number of homes lurking in the nation’s “shadow inventory” has dropped 18 percent over the past year and 28 percent over three years, reducing the threat to home prices that such distressed properties posed in the past. Irvine-based data firm CoreLogic reported that as of January, 2.2 million U.S. homes were in the shadow …

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California home prices at four-year high

The California Association of Realtors (C.A.R.) continued to report a shortage of inventory in September, which is limiting home sales but seems to be pushing up median home prices. According to C.A.R., the median home price in California is now at the highest level in more than four years. The statewide median price of an …

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