The Bottom – Are We There Yet?

Country road

Remember those long car rides that seemed to last forever?  I used to pester my poor parents with the tired question, “Are we there yet?”  As a mother to 3 kids, 10 and under, I’m now on the receiving end of that tired question. This Orange County real estate market is one of those long [...]

Tracking the Bust and the Misconception of ‘MEDIAN’

This week Jonathon Lansner did his recap of the Dataquick report on the Orange County real estate market. Where are we today?  And what does it really mean? The Median Sale Price as reported by Dataquick for a home in the OC was $400,000 – which brings us back to May of 2003 if you’re [...]

The Second Wave Is Coming – It’s Not Over Yet

My husband, Michael cringes when I post things like this – but I never promised to bring you just the Pollyanna good news in the market.  The ’60 Minutes’ piece speculates that we are about halfway through this housing crisis.  According to the show, the first wave of this crisis was made up of sub-prime [...]

Time to Talk Absorbtion Rates

Absorbtion Rates

Every now and then you see a headline touting the increase in sales in Orange County.  Less than a week ago, Orange County Register’s Jon Lanser posted ’1-in-3 O.C. ZIPs See Homebuying Doubling or Better’.   I love good news but it’s important to drill deep into what these statistics are telling us. Price point is [...]

Predictions for Market Recovery in the OC

Home prices

There has been some sun peaking through the storm clouds of the Orange County real estate market which is bringing rise to the question, ‘When will we see the real estate market recover?’ There is still tremendous volatility in the banking industry and financial markets but there are some bright spots.  We have already begun [...]

Honey, Can We Lower Our Property Taxes?

Monday, September 15th was the deadline to appeal your property taxes.  There was a flood of coverage about the deadline and my wonderful, loving husband asked me, “Honey, can we apply to reduce our property taxes?”  Being the patient and loving wife that I am, I ignored the fact that he has asked me this [...]

Why Orange County’s Median Price May Fall Under $400,000

Southern California Home Prices

It’s a long way to fall I know.  From our ’07 high – well over $600,000 – to our median home price  as of July ’08 at $460,000 (according to DataQuick).  As tough as that is to swallow, we may still have a ways to go. Here’s a picture of the Southern California Real Estate [...]

The Hits Just Keep on Coming…Another Bank Bites the Dust

bank-bites-the-dust

Another bank falls apart, 1st Heritage Bank.  This is the first local one to fail in Orange County since 1994, according to Jonathon Lansner.  Check out Jonathon’s article for full details. We’re not through this thing yet, not by a long shot.  

Why Did My Property Taxes Go Up 2% – in a Declining Market?

tax-assessor

I’ve had a few conversations with people about property taxes recently.  With the declining property values, some homeowners have recently applied to have their property values reassessed. And then… the Property Value Notice came from the Office of the Assessor for Orange County increasing our Assessed Property Value 2% from last year.  Many are asking, what’s up? [...]

Orange County Market Recovery?

Orange County

One of the biggest speculations today is, ‘When is the real estate recovery?’  We can’t have an economic recovery without it.    I got an email from a client and friend this morning.  He and I have had some wonderful conversations about the market over the last couple years.  As I was putting together an email [...]