Author Archive: OCHN Contributor

Historically, properties in this market sell at a 18.5% discount. Today's discount is 24.1%. This market is 5.6% undervalued. Median home price is $289,600 with a rental parity value of $389,100. This market's discount is $99,500. Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $165/SF to $165/SF. Resale prices have been rising for 2 month(s). Over the last 12 months, resale prices rose 7.4% indicating a longer term upward price trend. Median rental rates declined $6 last month from $1,698 to $1,691. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 8 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 15.7%. This market is 6.2% undervalued. Median home price is $469,300 with a rental parity value of $569,000. This market's discount is $99,700. Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $388/SF to $395/SF. Resale prices have been rising for 11 month(s). Over the last 12 months, resale prices rose 10.6% indicating a longer term upward price trend. Median rental rates increased $0 last month from $2,474 to $2,474. 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 5.1%. This market is 5.7% undervalued. Median home price is $560,800 with a rental parity value of $601,600. This market's discount is $40,800. Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $375/SF to $374/SF. Resale prices have been falling for 1 month(s). Over the last 12 months, resale prices rose 5.9% indicating a longer term upward price trend. Median rental rates declined $16 last month from $2,632 to $2,615. 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 33.9%. This market is 8.2% undervalued. Median home price is $260,500 with a rental parity value of $393,600. This market's discount is $133,100. Monthly payment affordability has been improving over the last 9 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $173/SF to $172/SF. Resale prices have been falling for 1 month(s). Over the last 12 months, resale prices rose 10.1% indicating a longer term upward price trend. Median rental rates declined $3 last month from $1,754 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 22.9%. This market is 4.4% undervalued. Median home price is $290,800 with a rental parity value of $381,600. This market's discount is $90,800. Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $165/SF to $165/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 8.7% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,697 to $1,698. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 7 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 14.1%. This market is 4.6% undervalued. Median home price is $471,800 with a rental parity value of $556,000. This market's discount is $84,200. Monthly payment affordability has been improving over the last 8 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $388/SF to $388/SF. Resale prices have been rising for 10 month(s). Over the last 12 months, resale prices rose 8.4% indicating a longer term upward price trend. Median rental rates declined $0 last month from $2,475 to $2,474. The current capitalization rate (rent/price) is 5.0%. 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 $258,900 with a rental parity value of $389,600. This market's discount is $130,700. Monthly payment affordability has been improving over the last 8 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $172/SF to $173/SF. Resale prices have been rising for 4 month(s). Over the last 12 months, resale prices rose 15.7% indicating a longer term upward price trend. Median rental rates declined $17 last month from $1,772 to $1,754. 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 22.1%. This market is 3.6% undervalued. Median home price is $291,500 with a rental parity value of $376,800. This market's discount is $85,300. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $165/SF to $165/SF. Resale prices have been falling for 3 month(s). Over the last 12 months, resale prices rose 10.9% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,697 to $1,697. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 6 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 12.9%. This market is 3.4% undervalued. Median home price is $473,200 with a rental parity value of $549,500. This market's discount is $76,300. Monthly payment affordability has been improving over the last 7 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $387/SF to $388/SF. Resale prices have been rising for 9 month(s). Over the last 12 months, resale prices rose 10.4% indicating a longer term upward price trend. Median rental rates declined $7 last month from $2,482 to $2,475. The current capitalization rate (rent/price) is 5.0%. 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 2.3%. This market is 3.0% undervalued. Median home price is $565,800 with a rental parity value of $584,600. This market's discount is $18,800. Monthly payment affordability has been improving over the last 5 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $374/SF to $374/SF. Resale prices have been rising for 1 month(s). Over the last 12 months, resale prices rose 6.1% indicating a longer term upward price trend. Median rental rates declined $16 last month from $2,650 to $2,633. 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]

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In Memoriam: Tony Bliss 1966-2012
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