Irvine
Real Estate News

If California Splits Into 3 States in November Ballot, Housing Markets Get Altered

If California Splits Into 3 States in November Ballot, Housing Markets Get Altered

According to ATTOM Data Solutions recent analysis of what California's housing market would look like if the state is split into three new states per a proposal that has qualified for the state's November 2018 ballot. Read More »


U.S. Foreclosure Filings Down 15 Percent Since Last Year

U.S. Foreclosure Filings Down 15 Percent Since Last Year

362,275 U.S. Foreclosure Filings Reported in First Half of 2018. down 15 percent from the same period a year ago and down 78 percent from a peak of 1,654,634 in the first six months of 2010. Read More »

U.S. Mortgage Credit Increased in June

U.S. Mortgage Credit Increased in June

According to a new report from the Mortgage Bankers Association, U.S. mortgage credit availability increased in June 2018. A decline in the MCAI indicates that lending standards are tightening, while increases in the index are indicative of loosening credit. Read More »

Home Affordability in U.S. at Decade Low in 2018

Home Affordability in U.S. at Decade Low in 2018

According to ATTOM Data Solutions Q2 2018 U.S. Home Affordability Report, U.S. home prices in the first quarter were at the least affordable level since Q3 2008. 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 July 19, 2018 8:55 AM ET

Irvine Property News

Irvine, Ca-based Ten-X Commercial announced this week that they have handled over $20 billion in commercial real estate transactions since the platform's inception.

According to the California Association of Realtors, California's median home price reached a new high in May 2018, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year.

According to CoreLogic's latest Single-Family Rent Index, which analyzes single-family rent price changes nationally and among 20 U.S. metropolitan areas, a national rent increase of 2.7 percent, which mirrors the rent increase for March 2017 when it was also 2.7 percent.

More than 1.8 million (1,813,691) loans secured by residential property (1 to 4 units) were originated in Q1 2018, down 5 percent from the previous quarter and down 3 percent from a year ago.

4.3 percent of U.S. residential mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure) in March 2018, representing a 0.1 percentage point decline in the overall delinquency rate, compared with March 2017 when it was 4.4 percent.

Based on CoreLogic's latest Home Equity Report for the first quarter of 2018, U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase 13.3 percent year over year.

At the end of the first quarter of 2018, more than 5.2 million (5,206,446) U.S. properties were seriously underwater, down by more than 291,000 properties from a year ago.

A national rent increase of 2.8 percent in January 2018, compared to 2.6 percent in January 2017. Low rental home inventory fuels the growth of single-family rent prices.

ATTOM Data Solutions released this week its 2017 property tax analysis for more than 86 million U.S. single family homes, which shows that property taxes levied on single family homes in 2017 totaled $293.4 billion

Median home prices in Q1 2018 were not affordable for average wage earners in 304 of 446 U.S. counties analyzed in the report (68 percent).

Independent mortgage banks and mortgage subsidiaries of chartered banks in the U.S. reported a net gain of $237 on each loan they originated in the fourth quarter of 2017, down from a reported gain of $929 per loan in the third quarter of 2017.

ATTOM Data Solutions has just released this week their Q1 2018 Single Family Rental Market Report, which ranks the best U.S. markets for buying single family rental properties in 2018.

According to the California Association of Realtors, led by the San Francisco Bay region, California home sales registered healthy gains in February 2018 on both a monthly and annual basis after January's weak start.

U.S. homeowners with mortgages (which account for roughly 63 percent of all properties) have seen their equity increase 12.2 percent year over year, representing a gain of $908.4 billion since the fourth quarter of 2016.

The National Association of Realtors is reporting this week that U.S. home purchases by millennials ticked up over the past year, but inventory constraints and higher housing costs kept their overall activity subdued .

According to ATTOM Data Solution's Q4 and Year-End 2017 U.S. Home Flipping Report, 207,088 U.S. single family homes and condos were flipped in 2017, up 1 percent from the 204,167 home flips in 2016 to the highest level since 2006 -- an 11-year high.

A surge in U.S. multifamily production pushed overall housing starts up 9.7 percent in January 2018 to a seasonally adjusted annual rate of 1.33 million units after an upwardly revised December 2017 reading.

According to the California Association of Realtors, after hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017.


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