Tag Archive for: economic uncertainty

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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…

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…
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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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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.…

Pending Sales Highest Since 2006

Southern California home sales held at a seven-year high last month thanks to a stronger economy, pent-up demand, low mortgage rates and the widening perception that a home is a good investment. Prices continued to regain lost territory as buyers…

I am doing just fine “thank you” but the Market has Shifted

I am doing just fine thank you but the market has shifted since last year. The market is experiencing low housing inventories which are half of what they were last year putting upward pressure on prices.  Allot of it is from super low interest…