Friday, March 02, 2007

Housing Affordability In Orange County Increases

Twenty-four percent of Orange County households can afford a typical starter home with a 10% down payment, an adjustable rate mortgage and a minimum income of $118,900, according to the California Association of Realtors. Affordability is based on 2006 fourth quarter figures and is the highest percentage since the fall of 2005.

Whereas, this is good news for Orange County home buyers, O.C. is the third least affordable market in the country, behind Los Angeles and Salinas. Full story...

Are you thinking of buying a home in Orange County? Visit GuideToLocalRealEstate.com to view all real estate listings. Or for more personalized service, give us a call, 949-285-3739.

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20 Comments:

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Blogger Elmo said...

Great article on the real estate happenings, I really enjoy reading your posts. Just for your information, Donald Trump is in big trouble right now with his real estate empire. I hope everyone can pull through this slump!!

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5:12 PM  
Blogger Orange County Wedding Photographer said...

Finally I'm seeing some OC homes begin to come down in pricing. Great time for buyers like me!

12:19 AM  
Anonymous Anonymous said...

orange county is one of the best cities to live in. thanks for posting this one coz im planning to move to cal.

thanks again..
mc

5:27 AM  
Anonymous Real Estate Raj said...

Well, its not like home affordability in Orange County could go down. Hopefully prices have stabilized and summer brings increased transactions.

4:16 PM  
Blogger workhard said...

You should have put up some images too

Idaho Real Estate

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Blogger workhard said...

This comment has been removed by the author.

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