Don’t bid on a house until you see our report! It’s that important. Are house prices inflated or undervalued? What should house prices be in your search area? Are the neighborhoods and cities you are looking in overvalued? Are you missing opportunities in nearby communities? Our report has those answers.
Are you better off renting instead of buying? Will your cost of ownership be more or less than a comparable rental? Is it currently cheaper to own or rent? Has it always been that way? Our report has those answers too.
Save thousands on your next home. Be smarter than bubble era sheeple who overpaid and lost their homes. Get the OCHN newsletter right now. You can’t afford to wait.
Wouldn't you be embarrassed to overpay by $100,000? Only fools buy houses without knowing neighborhood values. Don't be a fool. Don't suffer the pain of an underwater mortgage. The surest way to lose your house is to overpay for it. Our reports identify overvalued and undervalued neighborhoods. Use it to broaden or narrow your search area. Savvy buyers work with us to find bargains. We've saved thousands from financial ruin. Let us save you too. If you want peace of mind while shopping for your next home, sign up for our monthly market newsletter.
Wouldn't you be embarrassed to overpay by $100,000? Only fools buy houses without knowing neighborhood values. Don't be a fool. Don't suffer the pain of an underwater mortgage. The surest way to lose your house is to overpay for it. Our reports identify overvalued and undervalued neighborhoods. Use it to broaden or narrow your search area. Savvy buyers work with us to find bargains. We've saved thousands from financial ruin. Let us save you too. If you want peace of mind while shopping for your next home, sign up for our monthly market newsletter.
Foreclosure Deals
Gain a competitive advantage over other buyers. By locating distressed properties -- before they hit the MLS -- you can discover where tomorrow's REOs and short sales will appear. Most of these properties are not listed on the MLS, but they will be soon. Research properties in advance and get a jump on your competition. Don't miss out on another deal because you couldn't act quickly. Use this tool to your advantage!The red properties are already bank owned. As soon as REO asset managers prepare them for sale, they will be on the MLS. Get ready!
The green and blue properties have owners who are not paying their mortgages. They may be offered as short sales, or they may go through foreclosure and become REO. Either way, they will also likely be available on the MLS soon. Find your next home!
Be prepared to offer on these properties by researching them in advance or risk losing out to buyers who are have done their homework. Start your research today!
To find distressed properties, enter your desired location and press search. Scroll through list by pressing "next."
1058 North LAGUNA St Anaheim, CA 92801
We're sorry, but it seems that we're having some problems loading MLS # P833235 from our database. Please check back soon.
 |
$374,900 1038 North HERMOSA |
0.08 miles 4 bd / 2 ba 1,246 Sq. Ft. |
|
 |
$330,000 1042 North LOARA St |
0.11 miles 3 bd / 2 ba 1,053 Sq. Ft. |
|
 |
$320,000 1523 West FRANCES Dr |
0.24 miles 2 bd / 2 ba 1,058 Sq. Ft. |
|
 |
$325,000 1192 North CROWN St |
0.28 miles 3 bd / 1 ba 1,134 Sq. Ft. |
|
 |
$225,000 1964 West CATALPA Ave |
0.91 miles 4 bd / 1 ba 1,178 Sq. Ft. |
|
 |
$329,000 401 West ORANGETHORPE Ave |
0.95 miles 3 bd / 1.5 ba 1,189 Sq. Ft. |
|
 |
$325,000 460 W KNEPP Ave |
1.09 miles 3 bd / 1 ba 1,189 Sq. Ft. |
|
 |
$361,000 214 East LA PALMA Ave |
1.11 miles 3 bd / 1.75 ba 1,190 Sq. Ft. |
|
 |
$420,000 707 South MALDEN Ave |
1.3 miles 3 bd / 1.75 ba 1,000 Sq. Ft. |
|
 |
$249,900 814 North SABINA St |
1.34 miles 2 bd / 1 ba 763 Sq. Ft. |
256 22ND St Costa Mesa, CA 92627
We're sorry, but it seems that we're having some problems loading MLS # L39661 from our database. Please check back soon.
 |
$835,000 2201 SANTA ANA Ave |
0.08 miles 3 bd / 2 ba 2,016 Sq. Ft. |
|
 |
$849,500 2261 SANTA ANA Ave |
0.15 miles 3 bd / 2 ba 1,358 Sq. Ft. |
|
 |
$855,000 259 East 21ST St |
0.29 miles 4 bd / 2.5 ba 1,907 Sq. Ft. |
|
 |
$849,990 233 East 21ST St |
0.29 miles 3 bd / 2 ba 1,561 Sq. Ft. |
|
 |
$759,000 2336 CYNTHIA Ct |
0.34 miles 4 bd / 1.75 ba 1,796 Sq. Ft. |
|
 |
$799,000 2072 CHURCHILL Ct |
0.53 miles 4 bd / 2.5 ba 2,000 Sq. Ft. |
|
 |
$439,000 2436 SANTA ANA Ave |
0.6 miles 3 bd / 2 ba 1,610 Sq. Ft. |
|
 |
$895,000 1848 IRVINE |
0.64 miles 3 bd / 2 ba 2,231 Sq. Ft. |
|
 |
$799,990 1992 TUSTIN Ave |
0.65 miles 4 bd / 2 ba 1,820 Sq. Ft. |
|
 |
$775,000 1814 IRVINE Ave |
0.66 miles 3 bd / 1.75 ba 2,014 Sq. Ft |
9570 NEWFAME Cir Fountain Valley, CA 92708
We're sorry, but it seems that we're having some problems loading MLS # S709931 from our database. Please check back soon.
 |
$547,000 15740 POINSETTIA Way |
0.23 miles 4 bd / 2.75 ba 2,465 Sq. Ft. |
|
 |
$625,000 15512 DALEWOOD Ln |
0.45 miles 4 bd / 2.25 ba 2,774 Sq. Ft. |
|
 |
$579,900 9401 ASBURY Cir |
0.51 miles 6 bd / 3 ba 2,448 Sq. Ft. |
|
 |
$486,700 9392 ENGLAND Ave |
0.58 miles 5 bd / 3.5 ba 2,130 Sq. Ft. |
|
 |
$689,900 16537 ELM |
0.68 miles 4 bd / 3 ba 2,055 Sq. Ft. |
|
 |
$572,000 16226 OSBORNE St |
0.72 miles 5 bd / 2.5 ba 2,589 Sq. Ft. |
|
 |
$569,500 8842 SAPPHIRE |
0.72 miles 3 bd / 2 ba 2,645 Sq. Ft. |
|
 |
$529,900 15762 LAS LUNAS St |
0.8 miles 6 bd / 2.5 ba 2,298 Sq. Ft. |
|
 |
$499,000 15861 LAS SOLANAS St |
0.89 miles 4 bd / 2 ba 2,101 Sq. Ft. |
|
 |
$529,000 16260 South VENUS Dr |
0.9 miles 3 bd / 2.25 ba 2,020 Sq. Ft. |
1308 FOX Dr Fullerton, CA 92835
We're sorry, but it seems that we're having some problems loading MLS # P833279 from our database. Please check back soon.
 |
$1,099,000 1337 North RICHMAN Knls |
0.06 miles 4 bd / 3 ba 3,306 Sq. Ft. |
|
 |
$799,900 1115 CERRITOS Dr |
0.33 miles 4 bd / 3.5 ba 2,876 Sq. Ft. |
|
 |
$649,000 1501 CAMINO DEL SOL |
0.39 miles 4 bd / 2 ba 3,122 Sq. Ft. |
|
 |
$1,090,000 1060 CRESTVIEW Dr |
0.47 miles 4 bd / 3 ba 3,400 Sq. Ft. |
|
 |
$775,000 636 West VALLEY VIEW Dr |
0.54 miles 3 bd / 3 ba 2,506 Sq. Ft. |
|
 |
$765,000 1443 MARELEN Dr |
0.62 miles 5 bd / 2.5 ba 2,561 Sq. Ft. |
|
 |
$697,000 833 North GLENHAVEN Ave |
0.67 miles 5 bd / 2.5 ba 2,815 Sq. Ft. |
|
 |
$699,000 - |
0.7 miles 5 bd / 2.75 ba 2,800 Sq. Ft. |
|
 |
$835,000 2264 YUMA Way |
0.79 miles 4 bd / 2.5 ba 2,774 Sq. Ft. |
|
 |
$1,190,000 316 West BROOKDALE Pl |
0.98 miles 4 bd / 4 ba 2,800 Sq. Ft. |
11371 PALMWOOD Dr Garden Grove, CA 92840
We're sorry, but it seems that we're having some problems loading MLS # S710135 from our database. Please check back soon.
 |
$369,900 11802 MORRIE Ln |
0.45 miles 4 bd / 2 ba 1,191 Sq. Ft. |
|
 |
$399,900 11822 MEDINA Dr |
0.52 miles 3 bd / 1.5 ba 1,246 Sq. Ft. |
|
 |
$380,000 11231 North FOSTORIA ST St |
0.56 miles 3 bd / 1.5 ba 1,129 Sq. Ft. |
|
 |
$399,000 10411 CHAPMAN Ave |
0.61 miles 3 bd / 1.75 ba 1,303 Sq. Ft. |
|
 |
$329,900 1725 South GARDEN Dr |
0.65 miles 3 bd / 2 ba 1,156 Sq. Ft. |
|
 |
$389,990 12031 MORRIE Ln |
0.68 miles 3 bd / 2.5 ba 1,268 Sq. Ft. |
|
 |
$395,000 12322 MOANA Way |
0.96 miles 3 bd / 1.75 ba 1,415 Sq. Ft. |
|
 |
$315,000 9621 CRESTWOOD Ln |
1.07 miles 4 bd / 2.5 ba 1,500 Sq. Ft. |
|
 |
$415,000 1401 West KIMBERLY Ln |
1.23 miles 3 bd / 2 ba 1,178 Sq. Ft. |
|
 |
$300,000 10392 HEDLUND Dr |
1.26 miles 3 bd / 1 ba 1,088 Sq. Ft |
363 POPLAR Orange, CA 92868
We're sorry, but it seems that we're having some problems loading MLS # S710132 from our database. Please check back soon.
 |
$345,000 1214 West CHERRY Dr |
0.51 miles 3 bd / 2 ba 1,123 Sq. Ft. |
|
 |
$249,900 1910 West PALMYRA Ave #115 |
0.6 miles 2 bd / 1.5 ba 1,192 Sq. Ft. |
|
 |
$279,900 506 South CREST Rd |
0.86 miles 3 bd / 2 ba 1,100 Sq. Ft. |
|
 |
$499,000 664 West PALMYRA Ave |
1.02 miles 2 bd / 1 ba 1,011 Sq. Ft. |
|
 |
$415,000 408 West MARIETTA Pl |
1.11 miles 3 bd / 1.5 ba 1,220 Sq. Ft. |
|
 |
$474,900 122 East EVERETT Pl |
1.29 miles 3 bd / 2 ba 1,300 Sq. Ft. |
|
 |
$374,500 2344 N RIVERSIDE Dr |
1.56 miles 2 bd / 1 ba 1,115 Sq. Ft. |
|
 |
$509,500 530 East BARKLEY Ave |
1.61 miles 3 bd / 1.75 ba 1,279 Sq. Ft. |
|
 |
$549,900 567 East VAN BIBBER Ave |
1.64 miles 2 bd / 2 ba 1,011 Sq. Ft. |
|
 |
$475,000 923 East VAN BIBBER Ave |
1.83 miles 3 bd / 2.25 ba 1,488 Sq. Ft. |
253 North CAMINO ARROYO Anaheim Hills, CA 92807
We're sorry, but it seems that we're having some problems loading MLS # S709359 from our database. Please check back soon.
 |
$445,000 6201 East CAMINO MANZANO |
0.19 miles 3 bd / 2.5 ba 1,748 Sq. Ft. |
|
 |
$429,900 6154 East PASEO RIO VERDE |
0.23 miles 3 bd / 2.5 ba 1,615 Sq. Ft. |
|
 |
$499,900 19811 CANYON Dr |
1.15 miles 4 bd / 2.75 ba 1,460 Sq. Ft. |
|
 |
$495,000 5971 BROOKMONT Dr |
1.38 miles 3 bd / 1.75 ba 1,346 Sq. Ft. |
|
 |
$379,900 1231 North MOSSWOOD Dr |
1.4 miles 3 bd / 1.75 ba 1,280 Sq. Ft. |
|
 |
$719,900 20633 CIRCULO Vis |
1.48 miles 3 bd / 2 ba 1,633 Sq. Ft. |
|
 |
$449,000 6121 VIA NIETOS |
1.5 miles 2 bd / 2 ba 1,471 Sq. Ft. |
|
 |
$425,000 6298 East QUARTZ Ln |
1.59 miles 2 bd / 2.5 ba 1,443 Sq. Ft. |
|
 |
$499,900 5841 VIA SANTANA |
1.68 miles 3 bd / 2 ba 1,573 Sq. Ft. |
|
 |
$449,900 18622 MINUET Ln |
1.7 miles 4 bd / 2 ba 1,733 Sq. Ft. |
147 SHATTUCK Ct #65 Brea, CA 92821
We're sorry, but it seems that we're having some problems loading MLS # S710127 from our database. Please check back soon.
 |
$449,900 843 East BUTTONWOOD Dr |
0.34 miles 4 bd / 1.75 ba 1,492 Sq. Ft. |
|
 |
$559,777 659 North CITRUS Pl |
0.37 miles 4 bd / 3 ba 1,954 Sq. Ft. |
|
 |
$425,000 192 LAUREL Ave |
0.62 miles 2 bd / 2.5 ba 1,547 Sq. Ft. |
|
 |
$509,000 1099 GRAND Cyn |
0.99 miles 3 bd / 1.75 ba 1,635 Sq. Ft. |
|
 |
$369,900 2814 LANCEWOOD Ct |
1.02 miles 4 bd / 2.5 ba 1,404 Sq. Ft. |
|
 |
$424,900 1230 TAMARACK Ave |
1.23 miles 3 bd / 1.75 ba 1,370 Sq. Ft. |
|
 |
$395,000 2919 HICKORY Pl |
1.3 miles 3 bd / 2 ba 1,559 Sq. Ft. |
|
 |
$435,000 1101 ARROW WOOD Dr |
1.34 miles 3 bd / 1.75 ba 1,258 Sq. Ft. |
|
 |
$299,900 2851 ROLLING HILLS Dr #37 |
1.35 miles 3 bd / 2 ba 1,560 Sq. Ft. |
|
 |
$199,000 2851 ROLLING HILLS Dr #101 |
1.37 miles 2 bd / 2 ba 1,440 Sq. Ft. |
6589 SAN HAROLDO Way Buena Park, CA 90620
We're sorry, but it seems that we're having some problems loading MLS # P833192 from our database. Please check back soon.
 |
$738,000 49 CITRUS Gln |
0.23 miles 4 bd / 2.75 ba 2,782 Sq. Ft. |
|
 |
$469,000 6781 CRESCENT Ave |
0.23 miles 5 bd / 2.75 ba 2,708 Sq. Ft. |
|
 |
$725,000 21 PRESERVE |
0.31 miles 4 bd / 2.75 ba 2,800 Sq. Ft. |
|
 |
$780,000 9542 MONTANZA Way |
0.92 miles 4 bd / 3.5 ba 3,221 Sq. Ft. |
|
 |
$539,900 8561 GRAND Ave |
1.08 miles 5 bd / 3.5 ba 2,716 Sq. Ft. |
|
 |
$575,000 1227 South BERKLEY St |
1.42 miles 4 bd / 2.25 ba 2,695 Sq. Ft. |
|
 |
$749,900 9352 GRINDLAY St |
1.56 miles 4 bd / 2.25 ba 2,800 Sq. Ft. |
|
 |
$670,000 5142 EVERGREEN Ave |
1.61 miles 5 bd / 3 ba 2,649 Sq. Ft. |
|
 |
$569,000 10021 RODEO Ct |
1.63 miles 5 bd / 3.75 ba 2,516 Sq. Ft. |
|
 |
$399,000 1307 South GARRETT St |
1.73 miles 3 bd / 3.5 ba 2,600 Sq. Ft. |
5021 OLGA Ave Cypress, CA 90630
We're sorry, but it seems that we're having some problems loading MLS # P833296 from our database. Please check back soon.
 |
$359,000 4169 LARWIN Ave |
0.9 miles 3 bd / 1.5 ba 1,430 Sq. Ft. |
|
 |
$424,900 9312 WALKER St |
1.03 miles 3 bd / 1 ba 1,101 Sq. Ft. |
|
 |
$489,000 5752 LEMON Ave |
1.09 miles 4 bd / 2.25 ba 1,426 Sq. Ft. |
|
 |
$399,900 10460 GRETA Ave |
1.18 miles 3 bd / 1.75 ba 1,196 Sq. Ft. |
|
 |
$424,500 3657 HALBRITE Ave |
1.31 miles 3 bd / 1.5 ba 1,176 Sq. Ft. |
|
 |
$418,500 8861 BELMONT St |
1.38 miles 3 bd / 1.75 ba 1,099 Sq. Ft. |
|
 |
$414,900 6341 ROSEMARY Dr |
1.47 miles 3 bd / 1.75 ba 1,257 Sq. Ft. |
|
 |
$419,000 11591 RABAUL Dr |
1.54 miles 3 bd / 2 ba 1,398 Sq. Ft. |
|
 |
$329,900 3550 MONICA Ave |
1.54 miles 3 bd / 1.5 ba 1,064 Sq. Ft. |
|
 |
$399,900 5877 LOS FELIZ Dr |
1.63 miles 3 bd / 1.5 ba 1,189 Sq. Ft. |
1291 LEMON TREE Dr La Habra, CA 90631
We're sorry, but it seems that we're having some problems loading MLS # I12107702 from our database. Please check back soon.
 |
$619,000 1001 SANDLEWOOD Ave |
0.22 miles 4 bd / 2.5 ba 3,004 Sq. Ft. |
|
 |
$858,000 1380 West HARRISON Ave |
0.41 miles 4 bd / 4 ba 3,185 Sq. Ft. |
|
 |
$815,000 1410 West HARRISON Ave |
0.41 miles 5 bd / 4 ba 3,350 Sq. Ft. |
|
 |
$524,900 2211 WOODMERE Cir |
0.75 miles 4 bd / 2.5 ba 2,338 Sq. Ft. |
|
 |
$549,900 230 West WEDGEWOOD Ln |
0.8 miles 3 bd / 1.75 ba 2,269 Sq. Ft. |
|
 |
$595,000 2621 West PENDLETON Ln |
0.8 miles 4 bd / 2.5 ba 2,390 Sq. Ft. |
|
 |
$1,299,999 1981 South MANGRUM Ct |
0.86 miles 4 bd / 4 ba 3,434 Sq. Ft. |
|
 |
$667,900 16608 BLACKBURN Dr |
0.92 miles 4 bd / 2.5 ba 2,392 Sq. Ft. |
|
 |
$739,000 13819 MONTEREY Ln |
1.13 miles 5 bd / 5.25 ba 2,740 Sq. Ft. |
|
 |
$674,999 13203 South SHAW Ct |
1.24 miles 4 bd / 2.75 ba |
1101 BRADCLIFF Dr North Tustin, CA 92705
We're sorry, but it seems that we're having some problems loading MLS # P833231 from our database. Please check back soon.
 |
$760,000 13081 SAINT THOMAS Dr |
0.46 miles 3 bd / 2 ba 1,904 Sq. Ft. |
|
 |
$839,000 10522 SHADYRIDGE Dr |
0.57 miles 3 bd / 2 ba 2,000 Sq. Ft. |
|
 |
$629,000 12745 PANORAMA Pl |
0.71 miles 3 bd / 2.5 ba 2,200 Sq. Ft. |
|
 |
$1,200,000 11342 SKYLINE Dr |
0.79 miles 3 bd / 2.5 ba 2,354 Sq. Ft. |
|
 |
$700,000 1231 La Loma Dr |
0.84 miles 3 bd / 2 ba 1,850 Sq. Ft. |
|
 |
$615,000 12471 CIRCULA PANORAMA |
0.94 miles 3 bd / 3.5 ba 2,200 Sq. Ft. |
|
 |
$949,000 13131 HEWES Ave |
1.09 miles 4 bd / 2 ba 1,869 Sq. Ft. |
|
 |
$550,000 18701 FAIRWOOD Ln |
1.14 miles 3 bd / 2 ba 1,774 Sq. Ft. |
|
 |
$520,000 441 South HEWES St |
1.19 miles 3 bd / 2.5 ba 2,000 Sq. Ft. |
|
 |
$565,000 13807 HEWES |
1.3 miles 4 bd / 2 ba 2,000 Sq. Ft. |
337 DOLORES Cir Placentia, CA 92870
We're sorry, but it seems that we're having some problems loading MLS # W12106420 from our database. Please check back soon.
 |
$539,900 524 Fordham Dr |
0.34 miles 4 bd / 2 ba 1,889 Sq. Ft. |
|
 |
$530,000 330 East CONCORD Way |
0.39 miles 5 bd / 2.5 ba 2,500 Sq. Ft. |
|
 |
$598,000 325 East CONCORD Way |
0.39 miles 4 bd / 2.75 ba 2,414 Sq. Ft. |
|
 |
$456,900 729 DE JESUS Dr |
0.48 miles 3 bd / 2 ba 1,725 Sq. Ft. |
|
 |
$384,900 215 North BRADFORD Ave |
0.71 miles 4 bd / 3 ba 1,800 Sq. Ft. |
|
 |
$515,000 1009 GOLDENROD St |
0.76 miles 4 bd / 2.5 ba 2,033 Sq. Ft. |
|
 |
$430,000 1161 CURIE Ln |
0.86 miles 3 bd / 2 ba 1,525 Sq. Ft. |
|
 |
$549,999 343 FAIRWAY Ln |
0.89 miles 3 bd / 2 ba 1,800 Sq. Ft. |
|
 |
$529,900 1124 NOTTINGHAM Way |
1.03 miles 4 bd / 2 ba 1,572 Sq. Ft. |
|
 |
$540,000 836 GUTMANN Ln |
1.05 miles 4 bd / 2.25 ba 1,850 Sq. Ft. |
18771 ORIENTE Dr Yorba Linda, CA 92886
We're sorry, but it seems that we're having some problems loading MLS # P833212 from our database. Please check back soon.
 |
$629,900 4696 FREDRICK Ln |
0.12 miles 3 bd / 2 ba 1,662 Sq. Ft. |
|
 |
$319,000 19635 MONTEANO Ln |
0.79 miles 3 bd / 2.5 ba 1,375 Sq. Ft. |
|
 |
$4,000,000 5216 HIGHLAND Ave |
0.98 miles 3 bd / 1.5 ba 1,684 Sq. Ft. |
|
 |
$450,000 17390 BRIARDALE Ln |
1.4 miles 3 bd / 2.5 ba 1,674 Sq. Ft. |
|
 |
$525,000 17352 LAWNDALE Pl |
1.51 miles 4 bd / 1.75 ba 1,752 Sq. Ft. |
|
| |
$495,000 5971 BROOKMONT Dr |
1.59 miles 3 bd / 1.75 ba 1,346 Sq. Ft. |
|
 |
$519,900 17322 CHESTNUT |
1.64 miles 3 bd / 2 ba 1,500 Sq. Ft. |
|
 |
$698,500 20301 VIA OPORTO |
1.65 miles 3 bd / 2.5 ba 1,850 Sq. Ft. |
|
 |
$774,900 6052 SUN VIEW Rd |
1.67 miles 4 bd / 2 ba 1,640 Sq. Ft. |
|
 |
$549,000 3820 FOREST GLEN Rd |
1.68 miles 3 bd / 3 ba 1,664 Sq. Ft. |
1233 South ROSS St Santa Ana, CA 92707
We're sorry, but it seems that we're having some problems loading MLS # P833281 from our database. Please check back soon.
 |
$379,000 1221 South ROSS St |
0.03 miles 2 bd / 1 ba 1,259 Sq. Ft. |
|
 |
$339,000 1245 South FLOWER St |
0.25 miles 3 bd / 2 ba 1,044 Sq. Ft. |
|
 |
$294,900 901 South PARTON St |
0.32 miles 3 bd / 2 ba 1,005 Sq. Ft. |
|
 |
$330,000 815 South VAN NESS Ave |
0.36 miles 3 bd / 2 ba 1,273 Sq. Ft. |
|
 |
$260,000 801 South FLOWER St |
0.45 miles 2 bd / 1 ba 1,097 Sq. Ft. |
|
 |
$300,000 - |
0.49 miles 3 bd / 2 ba 1,266 Sq. Ft. |
|
 |
$307,000 521 East WILSHIRE Ave |
0.54 miles 4 bd / 1.5 ba 1,292 Sq. Ft. |
|
 |
$299,900 1117 South OAK St |
0.6 miles 2 bd / 1 ba 1,064 Sq. Ft. |
|
 |
$320,000 1006 West BERKELEY St |
0.62 miles 3 bd / 1.75 ba 1,190 Sq. Ft. |
|
 |
$230,000 308 East OCCIDENTAL St |
0.67 miles 2 bd / 1 ba 1,017 Sq. Ft. |
642 West MAIN St Unit C Tustin, CA 92780
We're sorry, but it seems that we're having some problems loading MLS # P833289 from our database. Please check back soon.
 |
$174,900 15500 TUSTIN VILLAGE Way #19 |
0.3 miles 2 bd / 1.5 ba 1,088 Sq. Ft. |
|
 |
$230,000 16649 MONTEGO Way |
0.33 miles 3 bd / 1.5 ba 1,189 Sq. Ft. |
|
 |
$135,000 15512 WILLIAMS St Unit A87 |
0.46 miles 2 bd / 2 ba 1,054 Sq. Ft. |
|
 |
$123,000 801 South LYON St Unit D-7 |
0.76 miles 2 bd / 1.75 ba 947 Sq. Ft. |
|
 |
$123,000 801 South LYON St Unit D-8 |
0.76 miles 2 bd / 1.75 ba 947 Sq. Ft. |
|
 |
$130,000 1116 South MANTLE Ln Unit 15C |
0.8 miles 2 bd / 1 ba 835 Sq. Ft. |
|
 |
$200,000 1016 CABRILLO PARK Park Unit B |
1.07 miles 2 bd / 2 ba 1,007 Sq. Ft. |
|
 |
$166,700 1404 North TUSTIN Ave Unit V3 |
1.13 miles 2 bd / 1.5 ba 1,112 Sq. Ft. |
|
 |
$179,500 1345 CABRILLO PARK Dr Unit P13 |
1.23 miles 1 bd / 1 ba 850 Sq. Ft. |
|
 |
$269,900 17621 17TH St Unit 23A |
1.42 miles 2 bd / 1.75 ba 1,101 Sq. Ft. |
Investors buying cashflow simply won’t chase the market higher. As prices move up, cashflow returns drop, and investors quickly lose interest. This refutes the bullish arguments about investor demand driving prices higher. If prices fall, investors will provide support, but they will not be a catalyst for higher prices.
Report: Rising Prices Driving Down Investor Activity
Investor participation in the housing market may be falling off after a promising second quarter, according to the Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Investor participation dropped drastically in July, reversing a trend of long-term growth in investor purchases of residential properties. According to the report, investor activity in the housing market fell to 21.9 percent of all transactions in July, down from 23.5 percent in June. July’s decrease also established a two-month trend of declines from May’s two-year peak of 25.3 percent.
Real estate agents who responded to the HousingPulse survey said that recent home price gains led to the sharp reversal in investor interest.
Some agents reported the shift in activity is driven by the savvier investors who know when to back off. One agent in Arizona said any participation in July was from “dumb investors” entering the market as “smart” investors leave.
“Investors need a deal. There are not as many opportunities as there was this time last year. It seems all the rookie investors are buying now and paying too much,” said another agent from Florida.
The disappearance of investor activity also reflects a change in the market. According to HousingPulse’s Distressed Property Index, (DPI) the proportion of distressed properties in the housing market fell to 42.2 percent in July from 45.1 percent in June and 46.1 percent in May. The falling distressed inventory may have driven most investors off, the report speculates.
A decline in investor participation was also apparent in the non-distressed market, however, with investor purchases making up an 11.5 percent share of July’s non-distressed sales, a dramatic fall from 14.4 percent in May.
On the other hand, homeowner activity continued to rise in July, with homeowners accounting for 43.5 percent of purchases, up from 42.0 percent in June. Participation by first-time homebuyers stayed fairly flat.
Use of cheap mortgage financing by current homebuyers increased strongly in June and July, but rising mortgage rates may cause problems for demand and prices.
“Overall homebuyer demand and home price appreciation is being driven by historically low interest rates,” said Thomas Popik, research director for Campbell Surveys. “But savvy investors are the canaries in the coal mine-they are warning that if rates rise, the high proportion of distressed properties could once again push home prices down.”