Author Archive: OCHN Contributor

Historically, properties in this market sell at a 25.7% discount. Today's discount is 33.8%. This market is 8.2% undervalued. Median home price is $257,400 with a rental parity value of $391,600. This market's discount is $134,200. Monthly payment affordability has been improving over the last 6 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 3 month(s). Over the last 12 months, resale prices rose 18.8% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,772 to $1,772. The current capitalization rate (rent/price) is 6.6%. 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 21.8%. This market is 3.2% undervalued. Median home price is $291,500 with a rental parity value of $375,000. This market's discount is $83,500. Monthly payment affordability has been improving over the last 4 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis declined from $166/SF to $165/SF. Resale prices have been falling for 2 month(s). Over the last 12 months, resale prices rose 13.7% indicating a longer term upward price trend. Median rental rates increased $0 last month from $1,696 to $1,697. The current capitalization rate (rent/price) is 5.6%. Rents have been rising for 5 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 12.1%. This market is 2.6% undervalued. Median home price is $475,700 with a rental parity value of $548,500. This market's discount is $72,800. Monthly payment affordability has been improving over the last 6 month(s). Momentum suggests improving affordability. Resale prices on a $/SF basis increased from $386/SF to $387/SF. Resale prices have been rising for 8 month(s). Over the last 12 months, resale prices rose 13.7% indicating a longer term upward price trend. Median rental rates increased $17 last month from $2,465 to $2,482. 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 1.6%. This market is 2.2% undervalued. Median home price is $568,100 with a rental parity value of $585,500. This market's discount is $17,400. Monthly payment affordability has been improving over the last 4 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 6.8% indicating a longer term upward price trend. Median rental rates increased $33 last month from $2,616 to $2,650. 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]

Please join me to see where I'm investing to earn 15%+ returns I'm emailing you because I want to share an opportunity with you to acquire properties for under $200,000 with a mortgage of less than $1,000/month with 25% down and earn $1500/month rent. As my friends and family know I'm a big believer in real estate as an investment. My goal has been to acquire at least two buy and hold cash flow properties for each one of my children, as many of you know, I recently had a fourth child, so it's time to buy two more properties. I try to share my strategies with as many friends, family members, and clients as possible. I believe that they can…[READ MORE]

The market is crazy! Contact us for a free market evaluation of your home. I've seen some neighborhoods appreciate over $200,000 in the past six months while others are down as much as 5%, making it even more important that you have a professional, experienced, real estate agent guiding you. Please contact me at [email protected] or 949.769.1599 for a free market evaluation of your home. I will pay 1% towards your closing costs, if you purchase one of my active listings--- ask me for details. We have some great opportunities for buyers, please take a look at the virtual tours for some of our current listings. Click on the virtual tour links below or email me any questions that you…[READ MORE]

The Irvine Company wishes to replace the poor-performing Woodbridge Village Center with a condominium development that makes them more money. I recently wrote about the power of opposition groups to stop housing development in California. I was recently contacted by an activist in a community opposition group trying to save the Woodbridge Village Center. Personally, I think the Woodbridge Village Center should be saved. If I lived in Woodbridge, I would prefer to keep this well-designed community amenity rather than see it replaced with private condos. However, if I were the Irvine Company, I would want to replace this poor-performing center with something more valuable, like the Pre-construction Condos in Toronto they've determined condos is the best use for the…[READ MORE]

With prices rising property taxes are also rising for bubble-era buyers whose taxes went down during the bust. Russ Wetherill, May 26, 2014 The only things certain in life are death and taxes. Through technology, we may eventually cheat death, but taxes are here to stay. What Proposition 8 giveth, Proposition 8 taketh away. California tax code section 51(e), enacted at the same time as Proposition 13, requires the tax assessor to annually adjust tax levies based on current full-market value. This was great when property values were falling and property tax bills fell dramatically. Now, property taxes are set to jump back up for homes bought during the bubble years. Will a jump in property taxes cause more defaults,…[READ MORE]

Restraining growth prevents a worsening in traffic congestion and promotes inflated house prices. Russ Wetherill, May 24, 2014 This summarizes the philosophy of planning officials with regards to restraining population growth. This isn’t a new idea, and isn’t just limited to California. But that doesn’t mean it’s a good idea just because it enjoys broad acceptance. A fail to plan for projected growth is a plan to fail. We would probably have more success changing the gravitational pull of the sun, than we would have success in decreasing the terrestrial pull of a better lifestyle. Of course, if we make the lifestyle worse, then that should discourage all except those who have a worse lifestyle already; like those in third-world…[READ MORE]

Should the size of houses be regulated to fit within the character of the neighborhood, or should owners have the right to build what pleases them? By Russ Wetherill, May 10, 2014 They say that beauty is in the eye of the beholder, and that one man’s ceiling is another man’s floor (both physically and metaphorically). America was founded on the principle of individual rights, but how do we resolve disputes when one man is jumping both on his own floor and his neighbor’s ceiling? One man’s right to swing his fist ends where another’s nose begins; but, the indiscriminant swinging of a nose into a fist can’t be the fault of the fist, can it? It’s hard not to…[READ MORE]

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In Memoriam: Tony Bliss 1966-2012
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