Author Archive: OCHN Contributor

San Bernardino County Housing Market Report: August 2016 Historically, properties in this market sell at a 25.7% discount. Today's discount is 38.0%. This market is 12.3% undervalued. Median home price is $293,400 with a rental parity value of $480,400. This market's discount is $187,000. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $191/SF to $193/SF. Resale prices have been rising for 6 month(s). Over the last 12 months, resale prices rose 7.7% indicating a longer term upward price trend. Median rental rates increased $13 last month from $2,006 to $2,020. The current capitalization rate (rent/price) is 6.6%. Rents have been rising for 12 month(s). Price…[READ MORE]

Riverside County Housing Market Report: August 2016 Historically, properties in this market sell at a 18.5% discount. Today's discount is 28.6%. This market is 10.1% undervalued. Median home price is $325,500 with a rental parity value of $458,600. This market's discount is $133,100. Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $181/SF to $182/SF. Resale prices have been rising for 9 month(s). Over the last 12 months, resale prices rose 6.6% indicating a longer term upward price trend. Median rental rates increased $9 last month from $1,919 to $1,928. The current capitalization rate (rent/price) is 5.7%. Rents have been rising for 12 month(s). Price momentum…[READ MORE]

Los Angeles County Housing Market Report: August 2016 [caption id="attachment_48333" align="alignright" width="270"] 4.2.7[/caption] Historically, properties in this market sell at a 9.5% discount. Today's discount is 16.7%. This market is 7.2% undervalued. Median home price is $542,100 with a rental parity value of $657,300. This market's discount is $115,200. Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $423/SF to $426/SF. Resale prices have been rising for 11 month(s). Over the last 12 months, resale prices rose 7.1% indicating a longer term upward price trend. Median rental rates increased $22 last month from $2,741 to $2,763. The current capitalization rate (rent/price) is 4.9%. Rents have been…[READ MORE]

Orange County Housing Market Report: August 2016 Historically, properties in this market sell at a 0.6% premium. Today's discount is 7.9%. This market is 8.5% undervalued. Median home price is $626,100 with a rental parity value of $687,500. This market's discount is $61,400. Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $404/SF to $406/SF. Resale prices have been rising for 11 month(s). Over the last 12 months, resale prices rose 5.9% indicating a longer term upward price trend. Median rental rates increased $25 last month from $2,865 to $2,890. The current capitalization rate (rent/price) is 4.4%. Rents have been rising for 12 month(s). Price momentum…[READ MORE]

Historically, properties in this market sell at a 25.7% discount. Today's discount is 37.0%. This market is 11.4% undervalued. Median home price is $289,300 with a rental parity value of $465,800. This market's discount is $176,500. Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $189/SF to $191/SF. Resale prices have been rising for 5 month(s). Over the last 12 months, resale prices rose 8.4% indicating a longer term upward price trend. Median rental rates increased $41 last month from $1,949 to $1,990. The current capitalization rate (rent/price) is 6.6%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three…[READ MORE]

Historically, properties in this market sell at a 18.5% discount. Today's discount is 28.5%. This market is 9.9% undervalued. Median home price is $321,500 with a rental parity value of $451,100. This market's discount is $129,600. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $181/SF to $181/SF. Resale prices have been rising for 8 month(s). Over the last 12 months, resale prices rose 6.3% indicating a longer term upward price trend. Median rental rates increased $24 last month from $1,903 to $1,928. The current capitalization rate (rent/price) is 5.8%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three…[READ MORE]

Historically, properties in this market sell at a 0.6% premium. Today's discount is 7.0%. This market is 7.6% undervalued. Median home price is $619,400 with a rental parity value of $668,000. This market's discount is $48,600. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $401/SF to $402/SF. Resale prices have been rising for 11 month(s). Over the last 12 months, resale prices rose 5.9% indicating a longer term upward price trend. Median rental rates increased $31 last month from $2,823 to $2,854. The current capitalization rate (rent/price) is 4.4%. Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three…[READ MORE]

San Bernardino County housing market report: June 2016 Historically, properties in this market sell at a 25.7% discount. Today's discount is 36.0%. This market is 10.3% undervalued. Median home price is $286,300 with a rental parity value of $451,000. This market's discount is $164,700. Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $188/SF to $190/SF. Resale prices have been rising for 4 month(s). Over the last 12 months, resale prices rose 8.9% indicating a longer term upward price trend. Median rental rates increased $27 last month from $1,921 to $1,948. The current capitalization rate (rent/price) is 6.5%. Rents have been rising for 12 month(s). Price…[READ MORE]

Riverside County housing market report: June 2016 Historically, properties in this market sell at a 18.5% discount. Today's discount is 27.8%. This market is 9.2% undervalued. Median home price is $316,500 with a rental parity value of $442,300. This market's discount is $125,800. Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $179/SF to $181/SF. Resale prices have been rising for 7 month(s). Over the last 12 months, resale prices rose 6.7% indicating a longer term upward price trend. Median rental rates increased $24 last month from $1,886 to $1,911. The current capitalization rate (rent/price) is 5.8%. Rents have been rising for 12 month(s). Price momentum…[READ MORE]

Los Angeles County Housing Market Report: June 2016 Historically, properties in this market sell at a 9.5% discount. Today's discount is 15.5%. This market is 5.9% undervalued. Median home price is $527,900 with a rental parity value of $621,600. This market's discount is $93,700. Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $418/SF to $421/SF. Resale prices have been rising for 11 month(s). Over the last 12 months, resale prices rose 7.6% indicating a longer term upward price trend. Median rental rates increased $19 last month from $2,666 to $2,686. The current capitalization rate (rent/price) is 4.9%. Rents have been rising for 12 month(s). Price…[READ MORE]

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