Irvine
Real Estate News

California Home Sales, Median Price to Increase in 2018, But at Slower Pace

California Home Sales, Median Price to Increase in 2018, But at Slower Pace

With the economy expected to continue growing, housing demand should remain strong and incrementally boost California's housing market in 2018 Read More »


Serious Delinquency Home Loans in U.S. at 10-Year Low

Serious Delinquency Home Loans in U.S. at 10-Year Low

According to CoreLogic's latest Loan Performance Insights Report, at a national level, 4.6 percent of mortgages in the U.S. were in some stage of delinquency (30 days or more past due including those in foreclosure) in July 2017. Read More »

Foreclosure Activity in U.S. at 11-Year Low

Foreclosure Activity in U.S. at 11-Year Low

A total of 191,824 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in the third quarter, down 13 percent from the previous quarter and down 35 percent from a year ago to the lowest level since Q2 2006 Read More »

Home Prices Projected to Rise 4.7 Percent in Coming Year in U.S.

Home Prices Projected to Rise 4.7 Percent in Coming Year in U.S.

According to CoreLogic's latest Home Price Index for August 2017, U.S. home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.9 percent from August 2016 to August 2017. Read More »


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Global Property Spotlight

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

Harbor Place at Safety Harbor, The Jewel of Tampa Bay

The town of Safety Harbor is a secret little hideaway known as the Jewel of Tampa Bay. Safety Harbor is neighbored by the major city of Clearwater, Florida. Read More »

Last Updated October 18, 2017 8:00 AM ET

Irvine Property News

This week the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index -- covering all nine U.S. census divisions reported a 5.9% annual gain in July 2017.

The median home price in U.S. cities in the 80th percentile for natural hazard risk (top 20 percent with highest risk) have increased more than twice.

According to ATTOM Data Solutions' Q2 2017 U.S. Home Flipping Report, 53,638 single-family homes and condos were flipped nationwide in the second quarter of 2017, a home flipping rate of 5.6 percent of all home sales during the quarter.

More than 2 million (2,033,296) loans were originated on U.S. residential properties (1 to 4 units) in the second quarter of 2017, up 27 percent from a three-year low in the previous quarter but still down 12 percent from Q2 2016.

U.S. home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.7 percent from July 2016 to July 2017, and on a month-over-month basis, home prices increased by 0.9 percent in July 2017.

Michael Gerrity has been at the forefront of real estate for more than 30 years. First, the Orlando native had a stellar real estate brokerage career, selling and leasing nearly $300 million worth of commercial office transactions.

According to Freddie Mac's latest Primary Mortgage Market Survey, the average U.S. mortgage rates continued to move lower in late August 2017. The 10-year Treasury yield fell to a new 2017-low on Tuesday.

A total of 428,400 U.S. properties with foreclosure filings -- default notices, scheduled auctions or bank repossessions -- in the first six months of 2017

Nationally, 4.5 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in May 2017. This represents a 0.8 percentage point decline in the overall delinquency rate compared with May 2016 when it was 5.3 percent.

According to ATTOM Data Solutions' Q2 2017 U.S. Home Equity & Underwater Report, at the end of the second quarter of 2017 there were more than 14 million (14,038,372) U.S. properties that were equity rich.

According to CBRE, suburban U.S. office markets that provide an urban-like live-work-play environment are well positioned to capture strong demand from office users.

According to the National Association of Home Builders/First American Leading Markets Index, nearly 300 U.S. housing markets posted an increase in economic and housing activity.

According to CoreLogic's latest Home Price Index for June 2017, U.S. home prices are up strongly both year over year and month over month. Home prices nationally increased year over year by 6.7 percent from June 2016 to June 2017.

According to ATTOM Data Solutions' Q2 2017 U.S. Home Sales Report, U.S. homeowners who sold in the second quarter of 2017 realized an average price gain of $51,000 since purchase.

Substantial increase in sales dollar volume from Canadian buyers, foreign investment in U.S. residential real estate skyrocketed to a new record-high

Nationally, 4.4 percent of mortgages were in some stage of delinquency (30 days or more past due including those in foreclosure) in March 2017.

U.S. homeowners with mortgages (roughly 63 percent of all homeowners) have seen their equity increase by a total of $766.4 billion since Q1 2016, an increase of 11.2 percent.

Home flips in Q1 2017 accounted for 6.7 percent of all single family home and condo sales during the quarter, up from 5.8 percent in the previous quarter and unchanged from a year ago.


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