Irvine: University Park Overview Median home price is $485,000. Based on a rental parity value of $532,000, this market is under valued. Monthly payment affordability has been worsening over the last 3 month(s). Momentum suggests worsening affordability. Resale prices on a $/SF basis declined from $299/SF to $293/SF. Resale prices have been falling for 12 month(s). Price momentum suggests falling prices over the next three months. Median rental rates increased $50 last month from $2,183 to $2,233. Rents have been rising for 11 month(s). Price momentum suggests rising rents over the next three months. Market rating = 6 Proprietary Irvine Housing News home purchase analysis 14 LAGO SUD #7 Irvine, CA 92612  $453,900 …….. Asking Price $650,000 ………. Purchase Price [Read More...]

She didn’t go Ponzi The owner of today’s featured property did add a small amount to her mortgage, but with the level of finish in this property, it looks like it was spent on renovations and upgrades. If she gets her asking price, she stands to make a nice profit on her years of ownership. It does pay not to go Ponzi. – —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- —- — ————————————————————————————————————————————- [Read More...]