Our market is continuing to improve with some of the following news bite updates...Orange County ranks in the Number 2 spot among the top ten locations leading the national housing recovery as per Realtor.com The city in the number 1 spot is Oakland!
The median price of an existing single family home in Orange County is now $657,080 which requires an annual income of $126,300 to qualify for this mortgage. There are 23% of Orange County households with this minimum annual income.
The median price of an existing single family home in California in June was up to $428,510 and there are 44% of California households able to qualify for a home in this price range.
Another statistics that came my way is San Clemente real estate is expected to appreciate 11.5% this coming year. So if you are still just barely breaking even on the equity in your home, there is hope that this next year will bring you back to a positive position and able to make some real estate changes.
Thursday, September 5, 2013
Subscribe to:
Posts (Atom)
