Home is not an address, it is a state of mind. I felt “at home” growing up. I lived in a small community with my parents and extended family. I had roots which ran deep. My family owned their property, subject to a conventional mortgage which they dutifully paid off. The thought of losing the family home never crossed our minds. My parents never did anything to imperil it. I bought my first home at 29. I bought a lot [Read More...]
Many people are hunting for houses. Some are looking at the high end, and some are lookiing low. Which is the better way to go? Over the last several weeks, the IHB has been proud to present a series of hedonic house price analyses by Jaysen Gillespie of Global Decision: An accurate view of the Irvine housing market by Global Decision and IHB A detailed look at Irvine Village premiums by Global Decision and IHB The market value of Irvine [Read More...]
Today’s post is a detailed comparison of Irvine and Coto de Caza. I have joked about the posers and pretenders in Irvine, but by comparison, it looks like Coto de Caza has Irvine beat. Despite having far fewer homes built during the bubble, Coto is experiencing greater price declines due to foreclosures. Excessive Ponzi borrowing is the most likely culprit. Over the last few weeks, the IHB has been proud to present Jaysen Gillespie of Global Decision. His advanced statistical [Read More...]
Over the last two posts on the Irvine Housing Market, we have looked at aggregate totals for Irvine and at individual neighborhoods. The nitty-gritty is in the details. What features in homes do buyers value in the market? Today we take a careful look at the devil in the details. A presentation by Jaysen Gillespie of Global Decision info@globaldecision.com Global Decision is an analytics consulting firm. While our methods are not industry-specific, our engagements are skewed towards specific industries in [Read More...]
Which Irvine Village is the most desirable for single family homes? Which Irvine Village is the best, and how could this be determined? Well, taking an opinion poll might be interesting, but it wouldn’t be backed by anything substantial. To determine what people really believe about desirability, we have to look where people put their money. Money talks. The neighborhoods where people pay the most for real estate determines what is “best.” Determining which neighborhood obtains the highest premiums is [Read More...]
Back in March, I wrote about the future of IHB news and real estate analysis. In that post, i made the following observation: Data is important, isn’t it? It’s a shame the NAr has gone down the path it has. Few reliable sources of real estate analysis and information exist, and few signs the NAr is going to become one of them. That leaves a void. Uncharted waters buyers must navigate without a reliable guide. It’s a void we seek [Read More...]
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