San Clemente Overview Median home price is $566,000. Based on a rental parity value of $517,000, this market is fairly 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 $275/SF to $275/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $33 last month from $2,216 to $2,183. Rents have been rising [Read More...]

This property was previously owned by a Ponzi who more than quadrupled his mortgage. The property was purchased in 1997 for $157,000, and the bank took it back for $649,438. That’s some serious mortgage equity withdrawal. Since then, the bank has lowered its asking price over $200,000, and they can’t find a buyer. ——————————————————————– This property is available for sale via the MLS. Please contact Shevy Akason, #01836707 949.769.1599…… sales@ochousingnews.com….. —— —- —- —- —- —- —- —- —- —- [Read More...]