Author Archive: OCHN Contributor

I invite you to an event Shevy Akason and I are hosting at 6:30 on Thursday, May 7, at JT Schmids at the District. We provide free appetizers and drinks for your entertainment. Shevy and I would like to meet with you. If you arrive early, we guarantee you one-on-one time to discuss the housing market or anything you want. We will be there before 6:00, and we will stay until closing. Starting at 6:30, I will make a brief presentation on the local housing market. Shevy will follow with stories about his recent client work and what he sees happening in the OC market. We've also invited a local lender and a trust attorney to discuss current loan qualification…[READ MORE]

Historically, properties in this market sell at a 25.7% discount. Today's discount is 35.4%. This market is 9.7% undervalued. Median home price is $261,100 with a rental parity value of $400,100. This market's discount is $139,000. Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $171/SF to $172/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 4.6% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,751 to $1,752. 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 25.1%. This market is 6.5% undervalued. Median home price is $292,300 with a rental parity value of $386,200. This market's discount is $93,900. Monthly payment affordability has been improving over the last 12 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $164/SF to $166/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 4.7% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,691 to $1,691. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 10 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 17.6%. This market is 8.0% undervalued. Median home price is $470,100 with a rental parity value of $567,700. This market's discount is $97,600. Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $389/SF to $390/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 9.0% indicating a longer term upward price trend. Median rental rates increased $8 last month from $2,478 to $2,486. The current capitalization rate (rent/price) is 5.1%. 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 6.3%. This market is 6.9% undervalued. Median home price is $560,500 with a rental parity value of $593,400. This market's discount is $32,900. Monthly payment affordability has been improving over the last 11 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $375/SF to $375/SF. Resale prices have been rising for 2 month(s). Over the last 12 months, resale prices rose 4.7% indicating a longer term upward price trend. Median rental rates increased $0 last month from $2,599 to $2,599. The current capitalization rate (rent/price) is 4.5%. 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 25.7% discount. Today's discount is 34.9%. This market is 9.3% undervalued. Median home price is $258,200 with a rental parity value of $398,400. This market's discount is $140,200. Monthly payment affordability has been improving over the last 12 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $171/SF to $171/SF. Resale prices have been falling for 3 month(s). Over the last 12 months, resale prices rose 4.5% indicating a longer term upward price trend. Median rental rates increased $8 last month from $1,743 to $1,751. 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 24.8%. This market is 6.2% undervalued. Median home price is $290,500 with a rental parity value of $384,800. This market's discount is $94,300. Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $165/SF to $164/SF. Resale prices have been falling for 1 month(s). Over the last 12 months, resale prices rose 5.4% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,691 to $1,691. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 9 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 16.7%. This market is 7.2% undervalued. Median home price is $467,600 with a rental parity value of $563,700. This market's discount is $96,100. Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $395/SF to $389/SF. Resale prices have been falling for 1 month(s). Over the last 12 months, resale prices rose 9.0% indicating a longer term upward price trend. Median rental rates increased $4 last month from $2,474 to $2,478. The current capitalization rate (rent/price) is 5.1%. 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 5.8%. This market is 6.4% undervalued. Median home price is $558,800 with a rental parity value of $591,200. This market's discount is $32,400. Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $374/SF to $375/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 4.8% indicating a longer term upward price trend. Median rental rates declined $16 last month from $2,615 to $2,599. The current capitalization rate (rent/price) is 4.5%. 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 25.7% discount. Today's discount is 34.4%. This market is 8.7% undervalued. Median home price is $258,700 with a rental parity value of $400,900. This market's discount is $142,200. Monthly payment affordability has been improving over the last 10 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $172/SF to $171/SF. Resale prices have been falling for 2 month(s). Over the last 12 months, resale prices rose 5.8% indicating a longer term upward price trend. Median rental rates declined $8 last month from $1,751 to $1,743. 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]

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In Memoriam: Tony Bliss 1966-2012
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