Entries Categorized as 'RSS'

Ad exec eyes O.C. home market at its bottom

Date December 30, 2008

Welcome to Eyeball 2009! This is our holiday gift to you: Two weeks of outlooks on local real estate conditions! A new vision every day of the week at noon through Jan. 6! Our 9th guest is …
John Most, president and CEO of the Most Agency in Newport Beach, is a Madison Avenue type […]

Economist eyes grim-to-nasty year for housing

Date December 27, 2008

Welcome to Eyeball 2009! This is our holiday gift to you: Two weeks of outlooks on local real estate conditions! A new vision every day of the week at noon through Jan. 6! Our eighth guest is …
Christopher Thornberg, the outspoken economist formerly of UCLA, who now works for Beacon Economics that he co-founded.
Eyeball: […]

O.C. homebuilder out bargain hunting?

Date December 27, 2008

TOUSA in Vegas

‘Tis the season for bargain hunting. (Remember when it was time for excess?)
Might the bargain-basement acquisition bug pop up at O.C. builder Standard Pacific? Stan Pac says …
“Although the homebuilding industry is experiencing challenges at this time, we believe that there may be attractive land and corporate opportunities worth considering. We continuously […]

Brokerage prez eyes home-price rebound in 2010

Date December 27, 2008

Welcome to Eyeball 2009! This is our holiday gift to you: Two weeks of outlooks on local real estate conditions! A new vision every day of the week at noon through Jan. 6! Our ninth guest is …
Rich Cosner is president of a Prudential California Realty chain of 9 offices in Orange County and […]

Property investor eyes new, cautious paradigm

Date December 26, 2008

Welcome to Eyeball 2009! This is our holiday gift to you: Two weeks of outlooks on local real estate conditions! A new vision every day of the week at noon through Jan. 6! Our first complete week concludes with …
Robert Brunswick is the founder, president and CEO of Buchanan Street Partners, a commercial real […]

Economist predicts layoffs through 2010

Date December 26, 2008

Hahn

The current recession will be the nation’s longest and deepest since the Great Depression, resulting in perhaps 2 million more people losing their jobs and 8 million to 10 million additional homeowners losing their properties, Irvine real estate economist Walter Hahn forecast recently.
Hahn said he bases his conclusions on the jobs outlook “since employed people […]

O.C.’s super agent sells his home

Date December 26, 2008

Luxury-home Realtor John McMonigle has sold “Val Verde,” his 10,700-square-foot house in Irvine’s Shady Canyon.
McMonigle, who declined to disclose the sale price, said he sold the home so his family could upsize.
The McMonigles currently are renting another Shady Canyon home while they hunt for a new lot on which to build another residence. His family […]

Slump felt at high end of new home market too

Date December 25, 2008

Talega

The Concord Group, a Newport Beach development consulting firm, reported that home prices and sales have fallen at five new home projects with price tags of $1 million and above.
The firm examined sales this year at five O.C. housing projects — Lucia and Alta at Talega in San Clemente, Breakers at Brightwater Homes in […]

Fortune: O.C. is nation’s 6th worst housing market

Date December 25, 2008

Orange County has the sixth-worst forecast of the nation’s 100 top housing markets, Fortune magazine reports.
The Fortune article says that the county’s 2008 median home price of $532,810 will fall 22% in 2009 and an additional 3.5% in 2010. More from the story:
“Of the 100 biggest markets, this Orange County area, which includes Anaheim and […]

Tenant advocate eyes falling O.C. rents

Date December 25, 2008

Welcome to Eyeball 2009! This is our holiday gift to you: Two weeks of outlooks on local real estate conditions! A new vision every day of the week at noon through Jan. 6! Our sixth guest is …
David Levy is a housing-rights advocate at the Fair Housing Council of Orange County with expertise in […]

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