Renting
O.C. Had 8th Largest Rent Cut In The Nation
At the end of 2009, rents throughout Orange County were falling at the 8th fastest rate in the nation. The typical Orange County rent in the 4th quarter was $1,504 a month – down $67 or 4.3% in the year.
Out of the 79 big markets tracked the average rate that rents fell was 2.3% [...]
11Feb2010 | Adam | 0 comments | Continued
OC Rents Continue To Fall
In the fourth quarter of 2009 local landlords cut rent 6.7% from the fourth quarter of 2008. It’s the lowest average rent in 3 ½ years. The average rent dropped $130 a month, or 8.1 percent, since that summer 2008 peak.
The average rent for a unit in a large Orange County apartment complex fell to $1,473 [...]
Big Landlords Cutting Rent To Fill Vacancies
Big landlords are lowering rents to try to fill the empty apartments they have. New statistics show that as many as 2-in-3 big landlords are cutting the rents in order to fill vacancies.
Of the big landlords surveyed, 71% have experienced significantly higher vacancy rates over the last year. To help fill these vacancies 69% of the [...]
Office Rents Could Fall Up To 30%
The latest economic forecast released by USC predicts at least 2 more years of pain for offices in Orange County and throughout Southern California.
It is expected that office rents will continue to drop through the fall of 2011 and could decline by as much as 30%. The number of office vacancies should peak at 19.9% [...]
Renters’ Costs Fell In SoCal For The First Time In 14 Years
For the first time in 14 years Southern California renters costs fell at an annual rate. Local renters’ costs fell 0.1% last month compared to October 2008. A similar size drop has not been seen since November 1995.
Southern California has seen drops in other areas as well. Household energy costs throughout Southern California fell [...]
12Dec2009 | Adam | 0 comments | Continued
Brea Is The Only O.C. City With Rent Increases
If you are looking for an affordable apartment look no further than Westminster.
The city had the county’s highest percentage of empty units and the greatest rent cuts. Rents in large apartment complexes dropped 9%, averaging $1,312 per month. Almost 11% of units in Westminster’s large apartment complexes are empty.
Mission Viejo and Irvine had the [...]
O.C. Rents Fell 5% Since 2008
Rents at large Orange County Apartment complexes have fallen 5% in the last year averaging $1,523. That is a decrease of $80 a month and marks the fourth consecutive quarterly year-over-year drop. Nationally the average price of rent dropped 3.7%.
Vacancies fell from the second quarter by 1 full percentage point – the biggest drop in [...]
24Oct2009 | Adam | 0 comments | Continued
O.C. has 3rd Biggest Drop In Rent Prices
Renters in Orange County should sleep easy tonight knowing that they are enjoying the 3rd biggest U.S. rent cut this year.
Rents throughout Orange County decreased 5.5% – the third biggest drop among the 79 major U.S. markets.
In the third quarter of this year the vacancy rate in Orange County was 6.2% – 25th out of [...]
CA Comes In 2nd For Priciest Places To Rent In The Country
California is the second priciest place in the country to be a renter. Following closely behind
Hawaii which has a median monthly rent of $1,298. Rounding out the top 5 was Maryland, New Jersey and the District of Columbia.
The state’s where rent is the lowest are West Virginia with a median rent of $528 and [...]
Rent Cost Hikes In O.C. At 12-Year Low
Renters inflation rat at a 1.2% annual rate – the lowest rate since March 1997. The equivalent rate
for homeowners rose at a 0.3% annual rate, which was the lowest since February 1995.
For the tenth straight month household energy prices declined and the annual rate of household furnishings and operation fell 0.2% for the first time [...]
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Great info, thanks for sharing. Not much would be selling in Charleston SC if we did not have the FHA ...
I discovered your homepage by coincidence.
Very interesting posts and well written.
I will put your site on my blogroll.
:-) 
Nice writing style. Looking forward to reading more from you.
Chris Moran 
Congrats to Troy!
Aloha,
Keahi 
Very interesting information. It's nice to know that the banks may have a strategy rather than being completely reactive. ...
I found your blog on MSN Search. Nice writing. I will check back to read more.
Eric Hundin 
Hello Adam,
My husband and I participated in this years car show for the first time. My husband entered his ...
These are just a few of the things that should be taken into consideration when you are looking for a ...
I think one thing that many people underestimate is the time and money that goes into restoring an old house. ...
FHA loans over 95% require 2 apprisals with the new guidelines. The banks apparently value their opinion.