November 3, 1985
While northern San Diego County receives the major portion of the new-housing market, the southern portion's share is becoming increasingly larger, according to marketing consultant Kenneth W. Agid. "While the northern part will continue to experience a greater share of the county's average yearly population gains, that share is lessening," he said. "South County will realize an estimated 20,000 to 23,000 of the total population gain during each of the next five years."
May 30, 1994 |
Orange County home sales are up nearly 35% during the first four months of this year and with the prices for houses and raw land starting to firm, real estate experts are hailing the early stages of a recovery. Rates for fixed-rate mortgages now average more than 8% compared to around 7% a year ago, and some home buyers are wondering whether to rush in and buy a home now before rates rise further or hold off, betting that rates fall next year. Kenneth W.
November 15, 1994 |
Though it has been based in Orange County for nearly a decade, Costain Homes Inc. has never built a house here--until now. Flush with a cash infusion from its publicly owned British parent company, Costain recently outbid some of the better-known local names in home building to buy an $8-million Fountain Valley property that was formerly a school. In what will be the company's first Orange County project, Costain plans to build more than 60 homes there priced at about $375,000 each.
April 20, 1986 |
The developers of the new master-planned community of EastLake in the extreme eastern end of this San Diego County city are anything but displeased when features of their 3,063-acre development are compared to the Woodbridge community in Irvine. Both EastLake--the first phase of which is opening today--and the nearly 10-year-old Woodbridge feature artificial lakes and a wide variety of housing types, from small but affordable condominiums to pricey move-up houses.
October 9, 1994 |
In the past 13 years, Peter M. Ochs has constructed Southern California's largest privately owned home building firm--the Fieldstone Group of Cos. Since its formation, the Newport Beach home builder has sold more than 12,500 homes throughout California, generating a total of nearly $2.5 billion in revenue. But Southern California real estate watchers say the building concern is at a turning point.