If you’re thinking about remodeling your kitchen, your decisions may be influenced by how long you intend to stay in your Orange County home. Keeping up with trends can be very interesting and fun. They also are, well, trendy. If you’re going to stay in your home less than five years, here are some hot trends to consider implementing.
The popular design and remodeling website, Houzz, recently published the results of a survey of 7,812 new homeowners who were remodeling their kitchens within three months of buying. Of that group, nearly half were remodeling their kitchens. Here are their hottest items to consider for your home…
1. Chef’s stoves: 32 percent considered professional-grade ranges as their dream appliance. Options such as a flat griddle or a…
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The Orange County CA Real Estate Report below reflects the number of
resale single family residences and condos as well as new homes selling
in Dana Point, Laguna Beach, Laguna Niguel, Mission Viejo, San Clemente
and San Juan Capistrano. Also reflected is the % of change from the
same month last year.
Owning a home is still the “American Dream.” However, finding an affordable home has gotten somewhat tricky in the last few years. According to Trulia, millennials and first time homebuyers are particularly daunted by affordability.
Today’s mortgage requirements and down payment needs are making buying difficult. New buyers need to come to find compromises and sacrifices. Here are some suggestions…
• Price is the biggest sacrifice you can make. Consider buying a home that is 20% less than your banker tells you that you can afford. That will have a huge impact on your ability to pay every month.
• Cash in the bank is also a huge positive impact on affordability. Force yourself to save a 20% down payment. This immediately means lower monthly payments,…
Analysis helps us to take a snapshot of a particular industry trend and
then guide us to make good decisions based on this information.
Barometers as such, provide insight that can be used to make intelligent
real estate buying and selling decisions for Orange County and the
The California Association of Realtors closely monitors and analyzes
trends in the residential California real estate industry. The table
below contains the latest reported existing home sales series, median
home prices, unsold inventory index, median time on market, first-time
buyer housing affordability index, and the latest mortgage rates.
In this video, National Association of Realtors Chief Economist Lawrence Yun talks about the rise in
home prices, increase in inventory, and the cyclical nature of the
housing market, and gives short- and long-term forecasts.
Be sure not to miss our report on Orange County CA real estate sales in April.
In April, the number of properties that received a foreclosure filing in San Clemente, CA was 39% lower than the previous month and 32% lower than the same time last year, according to RealtyTrac.com.
San Clemente CA Foreclosure Trends
In April 2014, Pre-foreclosure activity decreased 38.9% compared to the previous month and 26.7% from the previous year. Auctions dropped 28.6% from the previous and 50.0% from the previous year. Bank-owned properties decreased 66.7% from the previous month and 0.0% from the previous year.
San Clemente CA Foreclosure Status
Pre-foreclosures accounted for 64.7% of foreclosure activity in April 2014, Auctions were 29.4% and Bank-owned properties were 5.9%.