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Sunday, FEB 5, 2012 > The Orange County Register
Jonathan Lansner quoted Steve Thomas of ReportsOnHousing.com regarding the inventory of distressed properties and it seems that distressed properties sell very quickly thus making available inventory in short supply.
Foreclosed homes in Orange County for 2011 totaled 7,219 which is 8.7 percent less than 2010.
Lansner further quoted Thomas when we wrote: “Overall, demand, the number of new pending sales over the prior month, is up 15 percent compared to 2011…That’s the market as a whole, though. For homes priced below $500,000, demand is up as astonishing 30 percent.”
For more information about his article, you may wish to contact Jonathan Lanser (949.777.6727 or email@example.com) or Steve Thomas of ReportsOn Housing.com.
What is Reports On Housing?
Our mission is to empower REALTORS®, lenders, real estate affiliates, and consumers with information, data and analysis to make better decisions within the housing marketplace.
Reports On Housing was started in 2004 as a way to communicate what buyers, sellers and real estate professionals were experiencing in the trenches, tracking demand, inventory, distressed homes and market data at both the county and city levels. Steven Thomas, a California Real Estate Broker with over 20 years of real estate experience and a degree in Quantitative Economics and Decision Sciences from the University of California, San Diego, developed Reports On Housing and is considered an expert in real estate housing trends. Reports On Housing has been utilized and quoted by the Orange County Register, Los Angeles Times, the Wall Street Journal, ABC, CBS and NBC television reporters, Cox Cable Television, KNX1070, KFIAM640, blogs and Internet news sites, resulting in newspaper, television and radio appearances.
Telephone: (949) 874-8221
Orange Country > Housing Market reported 5.5 percent down for 2011 as stated by Larry Roberts in the OC register Feb 5, 2012.
Weakest Housing Market:
Laguna Niguel, down 12.2 percent
Costa Mesa, down 11.2 percent
Rancho Santa Margarita, down 9.6 percent
Westminster, down 9.5 percent
Aliso Viejo, down 9.2 percent
Tax relief on mortgage debt forgiveness ends in 2013, so hurry
Did you know that the tax-relief law allows homeowners to exclude from income certain debts forgiven by their lenders. The tax break expires Dec. 31, 2012, but keep in mind that a short sale or foreclosure can take many months.
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