TUSTIN

Tustin is strongly undervalued relative to rents

 TUSTIN
Apr 172012
 
Tustin is strongly undervalued relative to rents

Tustin Overview Median home price is $391,000. Based on a rental parity value of $485,000, this market is under valued. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased to $246/SF to $257/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $166 last month from $2,216 to $2,050. Rents have been rising for [Read More...]

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The lending cartel believes they can hold back the REO flood

 NEWS, TUSTIN  Tagged with: , ,
Apr 022012
 
The lending cartel believes they can hold back the REO flood

In what can best be termed as delusional optimism, the lending cartel is cautiously optimistic they can control the flow of properties as the liquidate their shadow inventory. Based on what is happening today, lenders have reason to be optimistic. Collectively, they are withholding REO inventory and decreasing the supply of distressed inventory to force the market to bottom this spring. They don’t have much to lose. If they keep putting properties on the market, prices will certainly continue to [Read More...]

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Foreclosures rising in wake of bank settlement deal

 NEWS, TUSTIN  Tagged with:
Feb 222012
 
Foreclosures rising in wake of bank settlement deal

Last fall the major banks all increased their foreclosure activities. Some banks may feel they are strong enough to take the necessary write downs, and B of A appears to be desperate for cash. Perhaps in anticipation of the Robo-signer settlement deal or perhaps out of a desire to clear out the shadow inventory, for whatever the reason, lenders are increasing foreclosure rates everywhere. Foreclosures on the Rise Again Published: Thursday, 16 Feb 2012 | 12:04 AM ET By: Diana [Read More...]

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Hottest Listings in Orange County 1-28-2012

 CORONA DEL MAR, IRVINE, LAGUNA HILLS, LAKE FOREST, NEWS, TUSTIN, WESTMINSTER
Jan 282012
 
Hottest Listings in Orange County 1-28-2012

Redfin is the most popular real estate search site in Southern California. They track the most popular listings based on the number of views each receives. Below are some of the most viewed property listings in Orange County. Check them out. See what everyone else finds so interesting. 335 FLYERS Ln Tustin, CA 92782 — $375,000 Competing Listings $639,900 53 DEL CAMBREA 0.82 miles 3 bd / 2.25 ba 1,683 Sq. Ft. $595,000 33 SPARROWHAWK 0.83 miles 3 bd / [Read More...]

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Report from the trenches: Short sale purchase experience

 NEWS, TUSTIN
Jan 082012
 
Report from the trenches: Short sale purchase experience

I often get emails or comments from people sharing their homebuying experiences. Sometimes, they allow me to share these with everyone on the blog. Next weekend, I will report on a borrower’s experience with Farmer’s and Merchant’s Bank. Today, I will share a story posted in the thoughtful remarks this week by mofa. Real experiences from real people mofa says: January 6, 2012 at 9:23 am (Edit) I’ve been meaning to follow up on the short sale I was trying [Read More...]

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17411 BONNER Dr Tustin, CA 92780

 NORTH OC, TUSTIN
Dec 192011
 
17411 BONNER Dr Tustin, CA 92780

Older North Tustin home wth large yard and a pool. Updated inside. Monthly cost of ownership less than $2,300 per month. ——————————————————————– This property is available for sale via the MLS. Please contact Shevy Akason, #01836707 949.769.1599…… sales@ochousingnews.com….. —— —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- – —— —- —- —- —- —- —- —- —- —- —- —- —- —- [Read More...]

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14151 VIA LUCIO #80 Tustin, CA 92780

 NORTH OC, TUSTIN
Dec 032011
 
14151 VIA LUCIO #80 Tustin, CA 92780

This Tustin condo has lost more than 10% of its value every year for the last 4 years. Ouch! The cost of ownership is finally below the cost of a comparable rental, but is it low enough to attract a buyer? ——————————————————————– This property is available for sale via the MLS. Please contact Shevy Akason, #01836707 949.769.1599…… sales@ochousingnews.com….. —— —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- [Read More...]

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