Orange County Housing Market News: October 2014
by golfplan18
on 12 Oct 2014
Posted 10 years ago
http://ochousingnews.com/blog/ Historically, properties in this market sell at a 0.6% premium. Today’s discount is 0.8%. This market is 1.4% undervalued. Median home price is $565,300 with a rental parity ...
golfplan18
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Is building spec homes for the ultra wealthy a sustainable business?
by golfplan18 on 9 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The market for homes over $10M is very thin, yet some entrepreneurs believe they can operate this as a viable business model. Will it last? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 9 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The market for homes over $10M is very thin, yet some entrepreneurs believe they can operate this as a viable business model. Will it last? Source: http://ochousingnews.com/blog/ #housing
Is California housing overvalued or merely as expensive as usual?
by golfplan18 on 7 Oct 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ Whether one considers SoCal markets overvalued or fairly valued depends on how fair value is measured. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 7 Oct 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ Whether one considers SoCal markets overvalued or fairly valued depends on how fair value is measured. Source: http://ochousingnews.com/blog/ #housing
How restricted for-sale housing inventory saps demand - OC Housing News
by golfplan18 on 6 Oct 2014 14 comments, latest 10 years ago
http://ochousingnews.com/blog/ Lenders restricted MLS inventory to drive up house prices, which also drives up rent; higher rent makes it more difficult to save for a down payment. Source: http://ochousingnews.com/blog/ ...
by golfplan18 on 6 Oct 2014 14 comments, latest 10 years ago
http://ochousingnews.com/blog/ Lenders restricted MLS inventory to drive up house prices, which also drives up rent; higher rent makes it more difficult to save for a down payment. Source: http://ochousingnews.com/blog/ ...
Why aren't Millennials buying homes? - OC Housing News
by golfplan18 on 5 Oct 2014 9 comments, latest 10 years ago
http://ochousingnews.com/blog/ A combination of high home prices, large debt loads, and caution about the recent housing bust deters Millennials from buying homes today. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 5 Oct 2014 9 comments, latest 10 years ago
http://ochousingnews.com/blog/ A combination of high home prices, large debt loads, and caution about the recent housing bust deters Millennials from buying homes today. Source: http://ochousingnews.com/blog/ #housing
Is San Francisco ripe for a housing bust? - OC Housing News
by golfplan18 on 2 Oct 2014 3 comments, latest 10 years ago
http://ochousingnews.com/blog/ House prices surprisingly fell in the Bay Area. Will the bursting Chinese bubble and a potential tech credit bubble cause money to flee the Bay Area? Source: http://ochousingnews.com/blog/ ...
by golfplan18 on 2 Oct 2014 3 comments, latest 10 years ago
http://ochousingnews.com/blog/ House prices surprisingly fell in the Bay Area. Will the bursting Chinese bubble and a potential tech credit bubble cause money to flee the Bay Area? Source: http://ochousingnews.com/blog/ ...
How reverse mortgages cause financial cancer and emotional pain - OC Housing New
by golfplan18 on 30 Sep 2014 4 comments, latest 10 years ago
http://ochousingnews.com/blog/ Reverse mortgages eat homeowner equity through the power of compound interest working against the borrower, much like the growth of cancer cells. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 30 Sep 2014 4 comments, latest 10 years ago
http://ochousingnews.com/blog/ Reverse mortgages eat homeowner equity through the power of compound interest working against the borrower, much like the growth of cancer cells. Source: http://ochousingnews.com/blog/ #housing
Government-backed mortgages should be expensive - OC Housing News
by golfplan18 on 2 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ If government-backed loans carry higher costs, private lending will steal market share and get the government out of the mortgage business. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 2 Oct 2014 Posted 10 years ago
http://ochousingnews.com/blog/ If government-backed loans carry higher costs, private lending will steal market share and get the government out of the mortgage business. Source: http://ochousingnews.com/blog/ #housing
High loan costs cause FHA originations to plunge - OC Housing News
by golfplan18 on 29 Sep 2014 31 comments, latest 10 years ago
http://ochousingnews.com/blog/ FHA loan originations are plunging because high borrowing costs turn off potential buyers, and risks of put-backs make lenders reluctant. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 29 Sep 2014 31 comments, latest 10 years ago
http://ochousingnews.com/blog/ FHA loan originations are plunging because high borrowing costs turn off potential buyers, and risks of put-backs make lenders reluctant. Source: http://ochousingnews.com/blog/ #housing
What will the next housing bust be like? - OC Housing News
by golfplan18 on 28 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Based on the moral hazard from lessons learned from the last housing bust, future housing declines will experience very, very low sales volumes. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 28 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Based on the moral hazard from lessons learned from the last housing bust, future housing declines will experience very, very low sales volumes. Source: http://ochousingnews.com/blog/ #housing
House ownership with no mortgage is the best retirement plan - OC Housing News
by golfplan18 on 25 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The best savings and investment plan for a stress-free retirement involves paying off a home mortgage. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 25 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The best savings and investment plan for a stress-free retirement involves paying off a home mortgage. Source: http://ochousingnews.com/blog/ #housing
People who lost their homes in foreclosure moved in next door - OC Housing News
by golfplan18 on 24 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Rather than exacerbating a problem with homelessness or creating a mass migration, most people who lost homes in foreclosure stayed in their neighborhoods. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 24 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Rather than exacerbating a problem with homelessness or creating a mass migration, most people who lost homes in foreclosure stayed in their neighborhoods. Source: http://ochousingnews.com/blog/ #housing
Will subprime mortgage lending 2.0 be a disaster? - OC Housing News
by golfplan18 on 23 Sep 2014 2 comments, latest 10 years ago
http://ochousingnews.com/blog/ Some form of subprime mortgage lending will return. Will subprime 2.0 be a disaster to rival the Great Recession and Housing Bubble? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 23 Sep 2014 2 comments, latest 10 years ago
http://ochousingnews.com/blog/ Some form of subprime mortgage lending will return. Will subprime 2.0 be a disaster to rival the Great Recession and Housing Bubble? Source: http://ochousingnews.com/blog/ #housing
OC Housing News clarifies the rent versus buy decision
by golfplan18 on 22 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The updated OCHN rating system helps buyers evaluate each property on the MLS for its ownership value relative to renting. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 22 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The updated OCHN rating system helps buyers evaluate each property on the MLS for its ownership value relative to renting. Source: http://ochousingnews.com/blog/ #housing
Housing market update: rents up, prices up, sales down - OC Housing News
by golfplan18 on 21 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ A slowly improving economy and tight inventory for both rentals and resale homes drives up rents and prices while harming home sales rates. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 21 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ A slowly improving economy and tight inventory for both rentals and resale homes drives up rents and prices while harming home sales rates. Source: http://ochousingnews.com/blog/ #housing
The big right-wing housing bubble lie - OC Housing News
by golfplan18 on 18 Sep 2014 24 comments, latest 10 years ago
http://ochousingnews.com/blog/ The political right is revising housing bubble history and fostering a blatant lie to support its own political agenda. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 18 Sep 2014 24 comments, latest 10 years ago
http://ochousingnews.com/blog/ The political right is revising housing bubble history and fostering a blatant lie to support its own political agenda. Source: http://ochousingnews.com/blog/ #housing
Low mortgage rates fail to overcome buyer reluctance - OC Housing News
by golfplan18 on 17 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Mortgage interest rates are lower than last year, but sales volumes are also lower than last year as low rates fail to entice additional homebuyer demand. Source: http://ochousingnews.com/blog/ ...
by golfplan18 on 17 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Mortgage interest rates are lower than last year, but sales volumes are also lower than last year as low rates fail to entice additional homebuyer demand. Source: http://ochousingnews.com/blog/ ...
Housing market faces intractable problems with demand - OC Housing News
by golfplan18 on 17 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ A federal reserve study concludes weak demand in the housing sector is structural and will not be corrected by low mortgage interest rates. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 17 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ A federal reserve study concludes weak demand in the housing sector is structural and will not be corrected by low mortgage interest rates. Source: http://ochousingnews.com/blog/ #housing
Bankers' refusal to make bad loans hinders housing recovery - OC Housing News
by golfplan18 on 15 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Home price appreciation and sales volumes in housing markets across the United States stalls out because lenders refuse to make bad loans. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 15 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Home price appreciation and sales volumes in housing markets across the United States stalls out because lenders refuse to make bad loans. Source: http://ochousingnews.com/blog/ #housing
Mortgage and foreclosure crisis 2.0 - OC Housing News
by golfplan18 on 14 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The mortgage and foreclosure debacle of 2008 was cut short by government intervention. A second round of deferred distressed sales is yet to hit the market. Source: http://ochousingnews.com/blog/ ...
by golfplan18 on 14 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ The mortgage and foreclosure debacle of 2008 was cut short by government intervention. A second round of deferred distressed sales is yet to hit the market. Source: http://ochousingnews.com/blog/ ...
Federal program to avoid foreclosure a dismal failure - OC Housing News
by golfplan18 on 11 Sep 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ To avoid the political backlash of thousands of foreclosures, HUD sold delinquent loans to investors who pushed the borrowers out. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 11 Sep 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ To avoid the political backlash of thousands of foreclosures, HUD sold delinquent loans to investors who pushed the borrowers out. Source: http://ochousingnews.com/blog/ #housing
High prices hurting new house sales - OC Housing News
by golfplan18 on 10 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ High home prices is hurting new home sales, which may slow homebuilding employment growth and perpetuate economic weakness. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 10 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ High home prices is hurting new home sales, which may slow homebuilding employment growth and perpetuate economic weakness. Source: http://ochousingnews.com/blog/ #housing
Only bankers benefit from recent house price inflation
by golfplan18 on 9 Sep 2014 2 comments, latest 10 years ago
http://ochousingnews.com/blog/ Higher home prices without higher wages makes housing unaffordable and only benefits existing homeowners and the bankers they owe money. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 9 Sep 2014 2 comments, latest 10 years ago
http://ochousingnews.com/blog/ Higher home prices without higher wages makes housing unaffordable and only benefits existing homeowners and the bankers they owe money. Source: http://ochousingnews.com/blog/ #housing
Delinquent mortgage squatters receive both praise and blame
by golfplan18 on 8 Sep 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ People who live in houses they don’t pay for are viewed as folk heroes by some and contemptible deadbeats by others. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 8 Sep 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ People who live in houses they don’t pay for are viewed as folk heroes by some and contemptible deadbeats by others. Source: http://ochousingnews.com/blog/ #housing
Mortgage equity withdrawal should be regulated like retirement account loans
by golfplan18 on 7 Sep 2014 2 comments, latest 10 years ago
http://ochousingnews.com/blog/ Politicians favor home ownership because it serves as a proxy for retirement savings; however, unrestricted mortgage equity withdrawal defeats the purpose. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 7 Sep 2014 2 comments, latest 10 years ago
http://ochousingnews.com/blog/ Politicians favor home ownership because it serves as a proxy for retirement savings; however, unrestricted mortgage equity withdrawal defeats the purpose. Source: http://ochousingnews.com/blog/ #housing
Should stated-income loans return in order to boost sales?
by golfplan18 on 3 Sep 2014 16 comments, latest 10 years ago
http://ochousingnews.com/blog/ Lenders bring back stated-income (liar) loans in a desperate measure to boost loan origination volumes and increase home sales. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 3 Sep 2014 16 comments, latest 10 years ago
http://ochousingnews.com/blog/ Lenders bring back stated-income (liar) loans in a desperate measure to boost loan origination volumes and increase home sales. Source: http://ochousingnews.com/blog/ #housing
Winning and losing strategies for house sale asking prices
by golfplan18 on 4 Sep 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ Home sale asking prices impact how quickly a house sells and how much a seller obtains in the sale. Higher is not always better. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 4 Sep 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ Home sale asking prices impact how quickly a house sells and how much a seller obtains in the sale. Higher is not always better. Source: http://ochousingnews.com/blog/ #housing
Lenders earned the contempt and scorn they endure today
by golfplan18 on 2 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Anger and hatred toward the banks earned during the housing and economic collapse of 2008 is still strong. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 2 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Anger and hatred toward the banks earned during the housing and economic collapse of 2008 is still strong. Source: http://ochousingnews.com/blog/ #housing
Federal reserve's bad-debt preservation policies weakened the economy
by golfplan18 on 1 Sep 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ he Federal Reserve preserved bad debts to mask insolvency in the US banking system; thus more money flows to banks and less money stimulates the economy. People stimulate ...
by golfplan18 on 1 Sep 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ he Federal Reserve preserved bad debts to mask insolvency in the US banking system; thus more money flows to banks and less money stimulates the economy. People stimulate ...
17% of FHA loans delinquent in September, bailout coming
by golfplan18 on 8 Nov 2012 16 comments, latest 10 years ago
http://ochousingnews.com/news/ Everyone knew this was coming. The FHA needs a bailout.When the final tally of losses at the FHA come in, everyone will act surprised. Nobody paying careful attention ...
by golfplan18 on 8 Nov 2012 16 comments, latest 10 years ago
http://ochousingnews.com/news/ Everyone knew this was coming. The FHA needs a bailout.When the final tally of losses at the FHA come in, everyone will act surprised. Nobody paying careful attention ...
Must-sell shadow inventory has morphed into cant-sell cloud inventory (redux)
by golfplan18 on 1 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Shadow inventory didn’t go away, it merely changed form, and it’s impact on the market, and it’s threat to the market, is bigger than ever. This post is ...
by golfplan18 on 1 Sep 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Shadow inventory didn’t go away, it merely changed form, and it’s impact on the market, and it’s threat to the market, is bigger than ever. This post is ...
What if Millennials and boomerang house buyers never materialize?
by golfplan18 on 27 Aug 2014 2 comments, latest 10 years ago
http://ochousingnews.com/blog/ Housing bulls continue incorrectly predicting the return of Millennials and boomerang buyers. It’s time to consider what happens if they never come back. As home ownership rates plummeted ...
by golfplan18 on 27 Aug 2014 2 comments, latest 10 years ago
http://ochousingnews.com/blog/ Housing bulls continue incorrectly predicting the return of Millennials and boomerang buyers. It’s time to consider what happens if they never come back. As home ownership rates plummeted ...
Are low house prices better than low mortgage interest rates?
by golfplan18 on 28 Aug 2014 7 comments, latest 10 years ago
http://ochousingnews.com/blog/ Both low mortgage interest rates and low house prices reduce ownership costs for financed buyers, but which one is better? Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 28 Aug 2014 7 comments, latest 10 years ago
http://ochousingnews.com/blog/ Both low mortgage interest rates and low house prices reduce ownership costs for financed buyers, but which one is better? Source: http://ochousingnews.com/blog/ #housing
Coastal California housing least affordable in US
by golfplan18 on 26 Aug 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ Persistent shortages of housing in Coastal California inflates both rent and home ownership costs relative to incomes, making housing an economic drain. affordability_ceilingDespite the rapid home price increases ...
by golfplan18 on 26 Aug 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ Persistent shortages of housing in Coastal California inflates both rent and home ownership costs relative to incomes, making housing an economic drain. affordability_ceilingDespite the rapid home price increases ...
Sign of housing market top: high-end home flipping soaring
by golfplan18 on 25 Aug 2014 Posted 10 years ago
http://ochousingnews.com/blog/ eadlines of house flipping and increased novice investor participation of signs of a top in the housing market for high-end homes. Source: http://ochousingnews.com/blog/ #housing
by golfplan18 on 25 Aug 2014 Posted 10 years ago
http://ochousingnews.com/blog/ eadlines of house flipping and increased novice investor participation of signs of a top in the housing market for high-end homes. Source: http://ochousingnews.com/blog/ #housing
Chinese government policy change kills Coastal California housing market
by golfplan18 on 24 Aug 2014 3 comments, latest 10 years ago
http://ochousingnews.com/blog/ Coastal California housing demand from Chinese nationals surged in recent years; however, Chinese officials abruptly shut down this source of demand. The people who deny a real estate ...
by golfplan18 on 24 Aug 2014 3 comments, latest 10 years ago
http://ochousingnews.com/blog/ Coastal California housing demand from Chinese nationals surged in recent years; however, Chinese officials abruptly shut down this source of demand. The people who deny a real estate ...
Despite industry spin, mortgage lending standards are not tight
by golfplan18 on 19 Aug 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ Real estate industry lobbyists foster the false impression mortgage lending standards are tight. They are not. Real estate industry lobbyists appeal to lawmakers for policies the real estate ...
by golfplan18 on 19 Aug 2014 1 comment, latest 10 years ago
http://ochousingnews.com/blog/ Real estate industry lobbyists foster the false impression mortgage lending standards are tight. They are not. Real estate industry lobbyists appeal to lawmakers for policies the real estate ...
Loan modifications destroyed the move-up market for a generation
by golfplan18 on 20 Aug 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Loan modifications for underwater borrowers preserves the debt so appreciation that ordinarily supports a move-up housing market instead flows to lenders. Lenders limit financed homebuyers based on borrower ...
by golfplan18 on 20 Aug 2014 Posted 10 years ago
http://ochousingnews.com/blog/ Loan modifications for underwater borrowers preserves the debt so appreciation that ordinarily supports a move-up housing market instead flows to lenders. Lenders limit financed homebuyers based on borrower ...
Tepid wage growth and rising house costs prices out low-income households
by golfplan18 on 13 Aug 2014 3 comments, latest 10 years ago
http://ochousingnews.com/blog/ Each prospective buyer investigates current financing terms as part of their process. Lenders apply current underwriting standards and determine the loan balance they will approve and down payment ...
by golfplan18 on 13 Aug 2014 3 comments, latest 10 years ago
http://ochousingnews.com/blog/ Each prospective buyer investigates current financing terms as part of their process. Lenders apply current underwriting standards and determine the loan balance they will approve and down payment ...
Housing recovery hopes crushed as July house sales plummet
by golfplan18 on 18 Aug 2014 3 comments, latest 10 years ago
http://ochousingnews.com/blog/ Dashing hopes for a second-half recovery, existing home sales in Southern California steeply declined in July 2014. Do you remember all the happy talk and wishful thinking that ...
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by golfplan18 on 18 Aug 2014 3 comments, latest 10 years ago
http://ochousingnews.com/blog/ Dashing hopes for a second-half recovery, existing home sales in Southern California steeply declined in July 2014. Do you remember all the happy talk and wishful thinking that ...
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