Trw Redi Property Data

The number of residential and commercial foreclosures in Southern California jumped by 80% in the first five months of 1993, compared to the same period last year, according to TRW REDI Property Data. Between January and May, lenders took possession of 17,850 properties, of which about 85% were owner-occupied homes. TRW REDI reported that this latest increase in the foreclosures has added $4 billion worth of real estate to the portfolio held by the lenders.

Alleghany Corp. has asked the Federal Trade Commission to approve a plan for one of its subsidiaries to exchange real estate records from Southern California with TRW REDI Property Data. The agency's approval is needed under the terms of two agreements that were reached after the FTC expressed competitive concerns about Alleghany's earlier acquisitions of competing title-insurance companies or real estate records.

Housing demand in the six-county Southern California region nudged up by 0.3% in the month of February compared to the same period a year ago, according to TRW REDI Property Data. While demand seems to have firmed up slightly, TRW REDI found a noticeable shift of activity in favor of lower-priced homes. Entry level homes now account for just over 53% of all purchases compared to 49% a year ago.

-- Sample Size (for 10-year period) 353 Ave. home size (square feet) 1,420 Ave. Year Built 1921 Ave. No. Bedrms 2.48 Ave. No. Baths 1.27 Pool 4% Central air 3% Floodzone 49% Price Range (1994-95) $117,000-361,000 Predominant Value $141,000 Age Range 5-91 years Predominant Age 73 years -- Average Sales Data -- Year Total $ per Median Sales sq. ft. price 1995 17 $115.99 $151,176 1994 39 $125.86 $195,454 1993 20 $155.97 $232,500 1992 12 $178.62 $313,333 1991 21 $211.

Alleghany Corp. has asked the Federal Trade Commission to approve a plan for one of its subsidiaries to exchange real estate records from Southern California with TRW REDI Property Data. The agency's approval is needed under the terms of two agreements that were reached after the FTC expressed competitive concerns about Alleghany's earlier acquisitions of competing title-insurance companies or real estate records.

-- Sample Size (for 10-year period) 353 Ave. home size (square feet) 1,420 Ave. Year Built 1921 Ave. No. Bedrms 2.48 Ave. No. Baths 1.27 Pool 4% Central air 3% Floodzone 49% Price Range (1994-95) $117,000-361,000 Predominant Value $141,000 Age Range 5-91 years Predominant Age 73 years -- Average Sales Data -- Year Total $ per Median Sales sq. ft. price 1995 17 $115.99 $151,176 1994 39 $125.86 $195,454 1993 20 $155.97 $232,500 1992 12 $178.62 $313,333 1991 21 $211.

Further evidence of the depressed Southland housing market emerged last week as TRW REDI Property Data released home price and purchase activity report for May. Year-over-year changes show a drop of more than 3% in average price and a staggering 24% in the number of homes purchased in the six-county region. TRW REDI Property Data monitors real estate transactions based on county records and provides information to banks, title companies, appraisers and real estate consultants. Average price of a home fell by 4% in Los Angeles County, 2% in Orange County and just under 5% in Ventura County in the year ending May, 1992.

Citing the high costs of developing new business in today's economy, TRW Inc. and Elsevier N.V. said Monday that they have combined their real estate information operations in a new joint venture, TRW Redi Property Data, headquartered in Riverside. Edwin P.

Home sales in Orange County are expected to decline 2.1% for 1993, according to figures released Wednesday by TRW REDI Property Data. Still, though new and existing home sales are projected to decline to 29,725 homes from 30,352 homes sold last year, Orange County compares positively to the rest of the state, where home sales are expected to drop 4.4% from last year, TRW REDI said.

In an economic boost for the city of Anaheim, TRW REDI Property Data, a real estate data company, will move its Riverside headquarters and 250 workers to Anaheim's redevelopment zone later this year. A subsidiary of TRW Inc., the $8-billion information company based in Cleveland, TRW REDI will consolidate its operations in a large building formerly occupied by Hughes Aircraft in Anaheim.

In an economic boost for the city of Anaheim, TRW REDI Property Data, a real estate data company, will move its Riverside headquarters and 250 workers to Anaheim's redevelopment zone later this year. A subsidiary of TRW Inc., the $8-billion information company based in Cleveland, TRW REDI will consolidate its operations in a large building formerly occupied by Hughes Aircraft in Anaheim.

Home sales in Orange County are expected to decline 2.1% for 1993, according to figures released Wednesday by TRW REDI Property Data. Still, though new and existing home sales are projected to decline to 29,725 homes from 30,352 homes sold last year, Orange County compares positively to the rest of the state, where home sales are expected to drop 4.4% from last year, TRW REDI said.

The number of residential and commercial foreclosures in Southern California jumped by 80% in the first five months of 1993, compared to the same period last year, according to TRW REDI Property Data. Between January and May, lenders took possession of 17,850 properties, of which about 85% were owner-occupied homes. TRW REDI reported that this latest increase in the foreclosures has added $4 billion worth of real estate to the portfolio held by the lenders.

Housing demand in the six-county Southern California region nudged up by 0.3% in the month of February compared to the same period a year ago, according to TRW REDI Property Data. While demand seems to have firmed up slightly, TRW REDI found a noticeable shift of activity in favor of lower-priced homes. Entry level homes now account for just over 53% of all purchases compared to 49% a year ago.

Further evidence of the depressed Southland housing market emerged last week as TRW REDI Property Data released home price and purchase activity report for May. Year-over-year changes show a drop of more than 3% in average price and a staggering 24% in the number of homes purchased in the six-county region. TRW REDI Property Data monitors real estate transactions based on county records and provides information to banks, title companies, appraisers and real estate consultants. Average price of a home fell by 4% in Los Angeles County, 2% in Orange County and just under 5% in Ventura County in the year ending May, 1992.

Citing the high costs of developing new business in today's economy, TRW Inc. and Elsevier N.V. said Monday that they have combined their real estate information operations in a new joint venture, TRW Redi Property Data, headquartered in Riverside. Edwin P.

A study of mortgage lending in 12 states by TRW REDI Property Data shows that 75% of all mortgages originated in 1993 by financial institutions were refinance loans. In California, it was more than 80%, with the balance representing loans for home purchases.

TRW Redi Property Data's monthly housing report for Southern California shows demand through June this year running below levels of a year earlier. In Orange County, home sales were down 10.5% from the same period last year. The average price for homes sold during the first half of the year dropped 4.2%. Number of homes sold (In thousands) Orange: (1993: 13,676) -10.5% Los Angeles: -9.9% Riverside: -12.4% San Bernardino: -16.5% Ventura: -1.8% San Diego: -10.