Author Archive: OCHN Contributor

Historically, properties in this market sell at a 18.5% discount. Today's discount is 23.8%. This market is 5.2% undervalued. Median home price is $306,400 with a rental parity value of $405,700. This market's discount is $99,300. Monthly payment affordability has been improving over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis declined from $172/SF to $172/SF. Resale prices have been falling for 1 month(s). Over the last 12 months, resale prices rose 4.2% indicating a longer term upward price trend. Median rental rates increased $6 last month from $1,785 to $1,792. The current capitalization rate (rent/price) is 5.6%. 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 25.7% discount. Today's discount is 33.2%. This market is 7.5% undervalued. Median home price is $278,600 with a rental parity value of $416,100. This market's discount is $137,500. Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased from $179/SF to $181/SF. Resale prices have been rising for 6 month(s). Over the last 12 months, resale prices rose 6.8% indicating a longer term upward price trend. Median rental rates increased $25 last month from $1,845 to $1,870. The current capitalization rate (rent/price) is 6.4%. 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 21.9%. This market is 3.3% undervalued. Median home price is $307,000 with a rental parity value of $395,000. This market's discount is $88,000. Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased from $171/SF to $172/SF. Resale prices have been rising for 6 month(s). Over the last 12 months, resale prices rose 3.5% indicating a longer term upward price trend. Median rental rates increased $16 last month from $1,758 to $1,775. The current capitalization rate (rent/price) is 5.6%. 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 9.5% discount. Today's discount is 12.3%. This market is 2.7% undervalued. Median home price is $507,000 with a rental parity value of $577,000. This market's discount is $70,000. Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased from $398/SF to $401/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 4.9% indicating a longer term upward price trend. Median rental rates increased $23 last month from $2,569 to $2,592. The current capitalization rate (rent/price) is 4.9%. 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 2.4%. This market is 3.0% undervalued. Median home price is $594,000 with a rental parity value of $609,300. This market's discount is $15,300. Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased from $384/SF to $385/SF. Resale prices have been rising for 7 month(s). Over the last 12 months, resale prices rose 3.3% indicating a longer term upward price trend. Median rental rates increased $30 last month from $2,707 to $2,737. 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]

Historically, properties in this market sell at a 25.7% discount. Today's discount is 33.8%. This market is 8.1% undervalued. Median home price is $273,500 with a rental parity value of $408,600. This market's discount is $135,100. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased from $176/SF to $178/SF. Resale prices have been rising for 5 month(s). Over the last 12 months, resale prices rose 5.9% indicating a longer term upward price trend. Median rental rates increased $23 last month from $1,828 to $1,851. The current capitalization rate (rent/price) is 6.5%. 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 22.2%. This market is 3.6% undervalued. Median home price is $305,200 with a rental parity value of $387,400. This market's discount is $82,200. Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased from $170/SF to $171/SF. Resale prices have been rising for 5 month(s). Over the last 12 months, resale prices rose 3.8% indicating a longer term upward price trend. Median rental rates increased $22 last month from $1,733 to $1,755. The current capitalization rate (rent/price) is 5.5%. 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 9.5% discount. Today's discount is 13.3%. This market is 3.8% undervalued. Median home price is $500,100 with a rental parity value of $565,000. This market's discount is $64,900. Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $401/SF to $398/SF. Resale prices have been falling for 1 month(s). Over the last 12 months, resale prices rose 6.6% indicating a longer term upward price trend. Median rental rates increased $16 last month from $2,544 to $2,560. The current capitalization rate (rent/price) is 4.9%. 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 3.2%. This market is 3.8% undervalued. Median home price is $586,500 with a rental parity value of $595,600. This market's discount is $9,100. Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased from $380/SF to $382/SF. Resale prices have been rising for 6 month(s). Over the last 12 months, resale prices rose 2.9% indicating a longer term upward price trend. Median rental rates increased $24 last month from $2,674 to $2,698. 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]

The monthly housing market reports will now be made available for direct download with these weekend posts. If you want access to all reports and the archives, please register with the site and visit the Subscriber’s Reports page. Historically, properties in this market sell at a 25.7% discount. Today's discount is 34.2%. This market is 8.5% undervalued. Median home price is $268,100 with a rental parity value of $399,400. This market's discount is $131,300. Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability. Resale prices on a $/SF basis increased from $174/SF to $176/SF. Resale prices have been rising for 4 month(s). Over the last 12 months, resale prices rose 3.5% indicating a longer…[READ MORE]

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In Memoriam: Tony Bliss 1966-2012
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