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Is a record home price on the way for Orange County? Mid-October sales offer a clue

We’re darn close to a new record median home price for Orange County. CoreLogic reported that for the 22 business days ending Oct. 21, Orange County’s median selling price for all residences was $661,000 – up 9.3 percent compared with…
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Is a record home price on the way for Orange County?

We’re darn close to a new record median home price for Orange County. CoreLogic reported that for the 22 business days ending Oct. 21, Orange County’s median selling price for all residences was $661,000 – up 9.3 percent compared with…
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‘Bargain’ housing under $500,000 now twice as hard to find

It’s doubly hard to find Orange County housing priced under $500,000. The supply of listings of existing homes and condos in that price range is just 42 percent of what it was in April 2012, according to ReportsOnHousing. In the biweekly…

Why American Millennials are waiting longer than ever to buy first homes

By Josh Boak, AP Economics Writer Short of cash and unsettled in their careers, young Americans are waiting longer than ever to buy their first homes. The typical first-timer now rents for six years before buying a home, up from 2.6 years…

The source of home price movement: buyer purchasing power

Buyer purchasing power is the single largest influence on home prices. When buyer purchasing power falls, home prices are sure to follow. When purchasing power rises, the outlook for future pricing is good. The buyer purchasing power index…
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Housing by the numbers: Something is weird

Homes are selling at a faster clip this spring, but something still isn't quite right in housing. Thanks to the epic real estate crash of the last decade, market watchers and reporters now have a whole cottage industry of data providers to…
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Realtors: Home Prices Are at Unhealthy Levels

Realtors: Home Prices Are at Unhealthy Levels If you’re thinking about buying a home, but concerned home prices have risen just a little too much lately, take heed of this warning. In the latest pending home sales release from the National…
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Speculators… the harder they fall

This is a good article posted by Carrie B. Reyes | October 29. 2014 On Firsttuesday Journal. Absentee homebuyers consist of 23% of the market, as of Q3 2014. This is down from the January 2014 peak, when they made up 32% of all homebuyers.…
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5 Real Estate Predictions for 2015

Expect the home-purchase market to strengthen along with the economy in 2015, according to Freddie Mac's U.S. Economic and Housing Market Outlook for November. "The good news for 2015 is that the U.S. economy appears well-poised to sustain…
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Southland Home Sales Slow; Median Price Rises Again but at Slower Pace

June 11, 2014 DQ News, Andrew Le Page La Jolla, CA---Southern California home sales lost momentum in May, falling from both April and a year earlier as investor demand fell and buyers continued to face inventory, affordability and credit…