Search results

Ah, so your advice to hold for at least 5 years only applies to that narrow, limited segment of homes you were tracking in 2008. Got it. :rolleyes:

Mortgage rates hit a new high for the year. I can almost feel that sweet, sweet inventory disappearing before our eyes. But wait a second... What's this I see? Inventory is actually higher than last year and so is market time for homes under $4M. Well, never mind all these silly...

Yes, a 28% decline in value is your idea of a good time to buy. Of course, there were also the thousands of Irvine residents that lost their homes. I'm sure those people are glad they listened to your sage advice.

Yeah, those people that bought in 2006 and held on until 2011 really made out like bandits.

President Biden On $95 Billion Ukraine, Israel Military Aid Bill: "It's A Great Day For World Peace" https://www.realclearpolitics.com/video/2024/04/24/watch_live_president_biden_speaks_about_ukraine_israel_taiwan_military_aid_bill.html

The best ROI / Cap rate would be to live at home and attend either UCI or UCLA. By removing room & board from the equation, you cut the Total 4 Year Cost in half.

It also depends on whether they include all cities of any size in the ranking, or only cities above a certain size. I think a population of 250k is the cutoff a lot of the national rankings use, so only a few cities in OC are larger than that, and Irvine is the only one that has low violent...

The ultra-low interest rates lasted until December 2021 and inventory bottomed two months later. Inventory is not suppressed - It's 96% higher than it was two years ago after bottoming out. It's just that ultra-low interest rates caused inventory to get so depleted, that it's going to be a...

Active listings are the highest in four years, and price reductions are the highest in eight years for the month of March. But poor IHO predicts the recent spike in mortgage rates will lead to less inventory. Home Sales Clobbered by Mortgage Rates. New Listings & Active Listings Surge. Most...

Rapidly increasing rates caused Irvine to decline in 2013-14, 2018-19 and 2022, but I'm sure this time will be different. tic, tic, tic..

Rates went from low to ultra low, and so did inventory. Now rates have been increasing for 2+ years and so has inventory. Your chart proves that, which disproves your prior assertion about higher rates suppressing inventory earlier in the thread. Irvine did worse than the national market in...

Rates were only ultra low starting with the grey bar in 2020 and lasting until the end of 2021. Which as you can see is when inventory also got ultra low. Inventory has been recovering at a rapid clip ever since, even with rates tripling from their recent lows. Going back further, rates were...

We've already won the battle. Inventory is up 24% vs. last March and up 96% vs. March 2022 when rates first started increasing rapidly.

Another day, another 1/8 of a percent

So it was big news that realtors have finally been held liable for ripping off home sellers with their shady practices. In effect, realtors have been acting as a cartel by coercing sellers to pay the buyers' commissions. We all know that if you offer a 0% buyers commission, the realtors...

In Irvine, it's often said that an empty home is the best neighbor you can have. State Farm should update their jingle to reflect that.

Delving inside the inflation numbers, many components are clearly accelerating to the upside, including the Fed-touted "supercore" services number that excludes shelter-related prices. As Apollo Global Management chief economist Torsten Sløk noted to clients, the year-over-year change in...

It's actually much more likely they would suffer a hate crime living in California than in Georgia, statistically speaking. California has 4x the population, but 13x as many hate crimes due to Sexual Orientation according to the US Justice Dept. https://www.justice.gov/hatecrimes/state-data

The world's most famous driver of a Bronco, OJ Simpson, has sadly passed away.

Oh, I think it will. The odds of recession just got higher as a "soft landing" depends on rates going lower before unemployment spikes in a big way.