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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. Came In 3rd Worst In Nation In Housing Affordability

December 12th, 2009 • Related • Filed Under

In the third quarter Orange County had the 3rd worst housing affordability in the nation. The Housing chartOpportunity Index showed that 37.6% of all new and existing Orange County homes sold in the third quarter of this year were only affordable to families who earned a median income of $86,100.

After three positive years of home affordability this was the second consecutive drop. The main reason that local home affordability has begun to fall is due to the rising home prices. Home prices were up 5% in the quarter and are up 3% from last year. Unfortunately local incomes have not changed in six months making it harder for local home buyers to afford to buy.

The only two cities with home affordability worse than us are New York and San Francisco. For the 17th consecutive quarter Indianapolis is the most affordable place to buy a home.

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