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Initially I only noticed the 10.2% number, but unless I?m reading things wrong: ?For those with college degrees, the unemployment rate fell to 4.7% from 4.9% in September, as the unemployment rate for those in management, professional, and related occupations slipped to 4.7% from 5.2%.? =...

Does anyone know where I can find information on the properties being auctioned off in riverside? I assume one can find the best prices at the auctions at the courthouse. Ideally I want to buy a SFR in Riverside for under $75K. Do you think this is possible? Thanks for your help.

The consensus on this blog is that housing prices will go down in the next year or two due to the mounting wave of foreclosures. I was wondering if this applies to the already hard hit areas such as Santa Ana or Riverside. I am toying with the idea of buying an investment property (SFR) in a...

There's been a lot of analysis done on this blog showing that prices have to fall in Irvine, in order to justify income levels. I was wondering if the same can be said about Corona Del Mar though. I really like the area, especially the village, but it's out of my reach right now. Given...

I know that there are a lot of Asian buyers in Irvine and 4 is considered an unlucky number. I was wondering if it significantly impacts demand. I mean, if I want to sell a property in Irvine that is located on #4 NAME street, should I expect to sell it for less than a comparable property...

I?ve seen a lot of instances in Irvine, where a foreclosure or short sales hits the market and it gets multiple offers on it within a week. What I don?t understand is why it is priced ?so low? to begin with. I mean if the selling agent lists a 3br SFR in Westpark at 600K, and gets multiple...

A lot of people are saying that Irvine housing prices will drop in the future as more foreclosures come into the market, but that's just looking at the supply side of it. What about the demand and especially for detached homes in popular neighborhoods like Westpark? When I go to look at...

I've seen a bunch of articles on owners whose properties are worth less than their mortgages, simply buying a much cheaper foreclosure "next door" and defaulting on their own property. I was wondering if they can still do this now even with the tougher loan restrictions. Perhaps these...

Are there any "safe" areas in Orange County, or at least really close by Orange County, where SFRs (not condos) are below rental parity? In the lastest post by IrvineRenter entitled Apricot Crush, he states "in many other markets, the low-end condos have already fallen to cashflow...

I am planning on putting 20% down, my credit score is great, and have therefore been pre-approved for a loan from a direct lender. However, a lot people have been telling me that when it comes time to actually getting a the loan, a lot of people get denied even though they were pre-approved...

I'm considering Dana Point because it is the nothern most safe beach city I can afford. However my extended family and friends all live in Irvine area and some in LA. My work is also located in Irvine. Does anyone commute from Dana point and south to Irvine a lot? What are your...

Out of curiosity, once a property is foreclosed and the bank takes over, is the bank responsible for the HOA fees. I know those condos at Marquee Place and Scholarship have HOA fees above $1000, so I'm wondering if a condo there is bank owned then would they need to pay those fees.

I've noticed that the inventory of properties for sale in Irvine has dropped significantly since last summer. I imagine that this is due to seasonality and the various temporary foreclosure freezes going on. I was wondering if any one new when the inventory, and foreclosures in particular...

I was pre-approved for a jumbo conforming loan, but my lender said today that they are no longer locking the lower confirming rates for loans between 418K-625K because the law is set to expire at the end of the year. Therefore the 6% jumbo conforming loan I was previously approved at is now a...

I'm not eager to buy right now, but will consider it if the right place pops up at the right price. Therefore i got a prequalified approval letter for a mortgage in case I find something. When I prequalified I was living at home. Now I want to get my own place but am worried that if I...

Are there any areas of Orange County where housing prices have fallen so much that one could potentially rent out the property and pay all the mortgage, association, and taxes with the rental money received? Unfortunately I only know how much rentals go for in Irvine, where mortgage payments...

This forum has been very informative and has pretty much convinced me to rent instead of buy a place. My only big concerns are interest rates and government bailouts. If I were to buy a place I would be financing 80% of the purchase price and getting a confirming loan. Right now 30-year...

I'm a young professional living and working in Irvine. I've been living with my parents for the past 2.5 years (after graduating college) in order to save for a down payment. Now that I have enough for a down payment, I'm definitely ready to move out and buy a place (500K or less)...