Super low interest rates have allowed today’s homebuyers to bid home prices up near peak levels in many areas. This helps lenders recover more capital from the bad loans they made during the housing bubble, which is why the federal reserve is intent on driving mortgage interest rates even lower. As a result of all this artificial stimulus, price-to-income ratios have remained elevated far above historic norms. Unless interest rates are going to remain this low forever, one of three things must happen: either house prices must go down further, debt-to-income ratios must increase, or wages must go up. Higher debt-to-income ratios proved disastrous because borrowers cannot sustain the payments, so that outcome isn’t likely. Since the federal reserve will [Read More...]

Irvine: Quail Hill Overview Median home price is $537,000. Based on a rental parity value of $630,000, this market is fairly valued. Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased from $343/SF to $349/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $8 last month from $2,583 to $2,575. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 5 Proprietary Irvine Housing News home purchase analysis 59 REUNION Irvine, CA 92603 $489,000 …….. Asking Price $468,000 ………. Purchase Price 11/30/2009 ………. [Read More...]

Irvine: Quail Hill Overview Median home price is $587,000. Based on a rental parity value of $604,000, this market is fairly valued. Monthly payment affordability has been worsening over the last 4 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis increased to $324/SF to $348/SF. Resale prices have been falling for 11 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $83 last month from $2,450 to $2,533. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 5 Proprietary Irvine Housing News home purchase analysis 91 DUET Irvine, CA 92603  $390,000 …….. Asking Price $533,000 ………. Purchase Price 4/12/2005 ………. [Read More...]

Irvine: Quail Hill Overview Median home price is $508,000. Based on a rental parity value of $580,000, this market is under valued. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $342/SF to $329/SF. Resale prices have been falling for 9 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $98 last month from $2,548 to $2,450. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 6 Proprietary Irvine Housing News home purchase analysis 111 LATTICE Irvine, CA 92603  $1,088,000 …….. Asking Price $985,000 ………. Purchase Price 11/24/2004 ………. [Read More...]

Irvine: Quail Hill Overview Median home price is $508,000. Based on a rental parity value of $580,000, this market is under valued. Monthly payment affordability has been worsening over the last 2 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $342/SF to $329/SF. Resale prices have been falling for 9 month(s). Price momentum suggests falling prices over the next three months. Median rental rates declined $98 last month from $2,548 to $2,450. Rents have been rising for 12 month(s). Price momentum suggests rising rents over the next three months. Market rating = 6 Proprietary Irvine Housing News home purchase analysis 134 TREEHOUSE Irvine, CA 92603 $1,175,000 …….. Asking Price $1,100,000 ………. Purchase Price 7/14/2005 ………. [Read More...]