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Residential Re-Sale, Commercial Properties, Foreclosures and Investments…As a long-time Fullerton resident Adam is intimately familiar with North Orange County neighborhoods. He has extensive expertise in residential real estate, commercial build outs, hard money lending and mortgage banking. As an authorized REO agent for GMAC, CountryWide Home Loans and World Savings he has extensive experience in all aspects of the foreclosure process. Investors rely on his knowledge and experience to help them identify and capitalize on distressed properties.

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O.C. Had 8th Largest Rent Cut In The Nation

February 11th, 2010 • Related • Filed Under

At the end of 2009, rents throughout Orange County were falling at the 8th fastest rate in the nation. rentThe 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% for the fourth quarter of 2009.

The only markets with larger rent cuts than Orange County were San Jose, San Francisco, Seattle, New York, Las Vegas, Ventura County and Los Angeles. San Jose had the greatest rent cut with an average of 6.8% in the fourth quarter.

Orange County landlords had a vacancy rate of 6.4% in the 4th quarter, which is less than the 8% average vacancy rate that was seen nationwide in the 4th quarter.

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