While the distressed share of the Orange County housing market continues to grow at a quick pace, it’s unlikely that all the properties will come on the market at the same time, says Steve Thomas of Altera Real Estate in his latest bi-weekly report of the local real estate market.
He says:
“This shadow inventory has to be worked through, but [...]
Broker: No tsunami of repo’d homes to hit market is a post from: Mortgage Insider
A Shady Canyon home offered as a short sale for $4,195,000 that I wrote about 6 months ago in the story, Real Short Sales of O.C., is now a pending sale.
The story was about high-end homes in Orange County being offered for less than what is owed on the mortgages.
As I wrote then, ”Pricey distressed properties are just a slice [...]
$4 million short sale has a buyer is a post from: Mortgage Insider
The backlog of pending short sales in Orange County is “dizzying,” Altera Real Estate broker Steve Thomas says in his latest bi-weekly report on the local housing market. “The lenders are in control of the real estate market and they are taking their sweet ol’ time,” he says.
Check out the numbers he’s compiled:
Highlights:
There are 6,268 [...]
Broker: Short sale gridlock is ‘dizzying’ is a post from: Mortgage Insider
Some observations on foreclosures and the difficulty in getting credit from Glenn Kelman, CEO of Redfin.com:
“The short story is that the real estate market is stagnant, mostly because home-buyers can’t get credit, and sellers can’t get enough money for their house to pay off the bank,” he writes in his latest roundup.
Excerpts:
“Foreclosures Continue to Decline: Have Banks Lost [...]
Money is cheap, but ‘most people can’t get it’ is a post from: Mortgage Insider
On Monday we showed cities with high and low shares of distressed properties in the Orange County market, according to a bi-weekly analysis by Steve Thomas of Altera Real Estate.
Here are all cities:
.
City
Active Listings
Foreclosures
& short sales
% of Active Listings
Aliso Viejo
220
119
54.1%
Anaheim
519
307
59.2%
Anaheim Hills
207
58
28.0%
Brea
125
48
38.4%
Buena Park
177
80
45.2%
Corona Del Mar
184
18
9.8%
Costa Mesa
220
71
32.3%
Coto De Caza
117
17
14.5%
Cypress
119
42
35.3%
Dana Point
312
60
19.2%
Dove Canyon
22
4
18.2%
Foothill Ranch
50
20
40.0%
Fountain Valley
141
40
28.4%
Fullerton
431
145
33.6%
Garden Grove
305
128
42.0%
Huntington Beach
697
174
25.0%
Irvine
812
180
22.2%
La Habra
179
90
50.3%
Ladera Ranch
163
86
52.8%
Laguna [...]
Your city’s share of distressed homes is a post from: Mortgage Insider
Orange County’s inventory of foreclosed homes and short sales has grown the most this year in the past 2 weeks, says Steve Thomas at Altera Real Estate, who does a bi-weekly analysis of the local real estate market.
He says:
“The active distressed inventory grew by 150 homes over the past two weeks and now totals 3,457 total foreclosures [...]
O.C. distressed homes up 35% is a post from: Mortgage Insider
On Monday we showed cities with high and low shares of distressed properties in the Orange County market, according to a bi-weekly analysis by Steve Thomas of Altera Real Estate.
Here are all cities:
.
City
Active Listings
Foreclosures
and short sales
% of Active Listings
Aliso Viejo
215
114
53.0%
Anaheim
505
290
57.4%
Anaheim Hills
200
53
26.5%
Brea
117
44
37.6%
Buena Park
173
78
45.1%
Corona Del Mar
183
20
10.9%
Costa Mesa
219
77
35.2%
Coto De Caza
126
24
19.0%
Cypress
114
40
35.1%
Dana Point
305
61
20.0%
Dove Canyon
21
5
23.8%
Foothill Ranch
50
23
46.0%
Fountain Valley
134
34
25.4%
Fullerton
414
130
31.4%
Garden Grove
297
127
42.8%
Huntington Beach
675
169
25.0%
Irvine
746
162
21.7%
La Habra
164
87
53.0%
Ladera Ranch
160
86
53.8%
Laguna [...]
Your city’s share of distressed homes … is a post from: Mortgage Insider
The inventory of homes in foreclosure and short sales that are on the market in Orange County has grown by 29% so far this year, says Steve Thomas of Altera Real Estate in his bi-weekly report of the Orange County housing market.
He writes:
“The active distressed inventory has increased from 2,555 homes at the beginning of [...]
O.C.’s distressed home market grows by 29% is a post from: Mortgage Insider
Almost one out every four Orange County homes sold in May went for less than was owed on the mortgage, new figures from the Southern California Multiple Listing Service show.
Of the 2,778 homes sold through the MLS, 672 or 24.2% of them were so-called “short sales.”
By comparison, homes seized by lenders through foreclosure accounted for [...]
1 in 4 transactions a short sale is a post from: Mortgage Insider
On Monday we showed cities with high and low shares of distressed properties in the Orange County market, according to a bi-weekly analysis by Steve Thomas of Altera Real Estate.
Here are all cities:
.
City
Active listings
Foreclosures &
Short Sales
% of Active
Inventory
Aliso Viejo
200
99
49.5%
Anaheim
491
293
59.7%
Anaheim Hills
194
53
27.3%
Brea
98
34
34.7%
Buena Park
164
77
47.0%
Corona Del Mar
183
16
8.7%
Costa Mesa
212
73
34.4%
Coto De Caza
117
22
18.8%
Cypress
106
41
38.7%
Dana Point
287
57
19.9%
Dove Canyon
18
4
22.2%
Foothill Ranch
44
16
36.4%
Fountain Valley
136
37
27.2%
Fullerton
400
142
35.5%
Garden Grove
282
112
39.7%
Huntington Beach
667
169
25.3%
Irvine
726
168
23.1%
La Habra
157
87
55.4%
Ladera Ranch
153
73
47.7%
Laguna Beach
373
29
7.8%
Laguna Hills
118
40
33.9%
Laguna [...]
Your O.C. city’s share of distressed housing … is a post from: Mortgage Insider
