CALIFORNIA | LOCAL
September 14, 2000 |
Led by spectacular gains in the new-home market, the median price of Orange County houses and condos sold last month jumped by 14% from a year earlier to a new record of $274,000. The surge in August capped a strong summer that analysts said bodes well for homeowners in the coming months. As the county heads into the slower-selling fall season, analysts said there appears to be a clear path to more record-setting prices through December and probably even longer.
September 5, 2000 |
Despite prosperous times, the percentage of residents who can afford a home in Orange County and throughout the state continues to decline. Of 173 metropolitan areas nationwide, Orange County ranked 15th from the bottom in the second quarter, according to a new poll by the National Assn. of Home Builders, a Washington, D.C., based trade group. Only 35.7% of Orange County's population could afford to buy a typical home in the last quarter. San Francisco was the least affordable market at 5.
CALIFORNIA | LOCAL
August 15, 2000 |
Home sales in Orange County fell sharply in July from a year ago, but analysts said it was not because of slowing demand but rather the thinned supply of houses on the market. Last month, the number of new and existing homes sold plummeted 21% from a year ago, the biggest decline in five years, according to a report released Monday by DataQuick Information Systems, a La Jolla research firm. Despite the sales drop-off, prices last month for virtually every category of homes streaked higher.
June 3, 2000 |
This is the height of home-buying season, the best of times for sellers--or at least that's what Sue Epps thought. Epps put up her four-bedroom house in La Verne, with its new kitchen appliances and neatly tended petunias in the yard, expecting a stampede of buyers. But in two months, she's had only two offers, both shockingly low. Even after she ratcheted down her price twice, to $375,000, nobody is calling. Epps, 37, hasn't given up on the market, but she is getting frustrated.
March 29, 2000 |
One in five home buyers in Orange County tapped into the stock market to finance their purchases in the fourth quarter, reflecting the stock market's growing influence in the housing industry, according to a new survey. The study, released Tuesday by the California Assn. of Realtors, demonstrates the tangible benefits of the booming stock market but also the economy's greater exposure and vulnerability to Wall Street.
March 15, 2000 | ,
This is what new-home seekers can expect to find this year: a diminishing number of Orange County homes to choose from, a rising number of other bidders for those houses, and a higher selection of single-family homes costing far less in Corona and the Inland Empire. Like other analysts, John Burns of the Meyers Group, an Irvine real estate research firm, expects prices to rise in Orange County, but at a slower pace this year than the record rate last year.