Thursday, February 11, 2016

OCHN: Will a devalued Chinese Yuan crush new home sales in Orange County?

As the Yuan declines in value, houses become increasing expensive to Chinese Nationals, prompting further erosion of new home sales to this large buyer group.

Last month I asked Will the slowdown in China hurt Irvine real estate? There is little doubt that stopping the flow of Chinese capital...
Will a devalued Chinese Yuan crush new home sales in Orange County?

Wednesday, February 10, 2016

OCHN: A housing bear mauls Las Vegas

House prices should continue to rise in Las Vegas as cloud inventory supply restrictions and undervalued conditions persist.

Back in 2010 when house prices were crashing, I advised people to buy Las Vegas real estate because I believed it was a good value. With house prices at 1995 levels, even...
A housing bear mauls Las Vegas

Tuesday, February 9, 2016

OCHN: Is pent-up housing demand real or a realtor fantasy?

Some normal housing demand was delayed to the recession, but no great influx of demand is likely forthcoming.

Pent-up demand is the idea that many, many more people would participate in a financial market if some temporary barrier were removed, a barrier currently preventing them from...
Is pent-up housing demand real or a realtor fantasy?

Monday, February 8, 2016

OCHN: HELOC abuse rising along with house prices

As house prices rise and more homeowners possess equity again, some are withdrawing this money at low rates and spending it, stimulating the economy.

During the housing mania, people bought homes because house prices rose rapidly, and lenders gave equity to homeowners at 100%+ of the value set...
HELOC abuse rising along with house prices

Sunday, February 7, 2016

OCHN: Get up to 1.5% cash back on a Portola Springs new home

Do you want free money? 
If you buy a home from a homebuilder without an agent, you pay full price.
If you buy a home with us as your agent, you get 1.5% back.
Same house, but 1.5% of the purchase price refunded back to you.
It’s free money! Take it! 
As a bonus, you get full agent rep...
Get up to 1.5% cash back on a Portola Springs new home

Friday, February 5, 2016

OCHN: Surprising way rising mortgage rates harm existing homeowners

Higher mortgage interest rates will reduce future demand. Today’s homeowners will not experience the home price appreciation enjoyed by the previous generation.

Many would-be homeowners rush to the market to lock in low mortgage rates out of fear of being priced out forever. They fear...
Surprising way rising mortgage rates harm existing homeowners

Thursday, February 4, 2016

OCHN: Will beach community home ownership premiums increase without end?

Coastal community real estate is more expensive relative to rent than it’s ever been. A bubble perhaps?

Very expensive real estate dominates Coastal California communities. The narrow strip of land within a mile or two of the ocean is one of the most desirable climates in the world, and...
Will beach community home ownership premiums increase without end?

Monday, February 1, 2016

OCHN: What is the best financial reason to buy a home? (Hint: it"s not what most think)

Contrary to popular belief, capturing home price appreciation is not the best financial reason to own real estate.


Many people want to own their homes because they believe the property will rapidly go up in value, providing them an endless stream of free money they can spend on anything they...
What is the best financial reason to buy a home? (Hint: it"s not what most think)

Sunday, January 31, 2016

OCHN: Free real estate seminar at 5:30 on February 4, 2016 at JT Schmids Restaurant in Tustin, CA

The Dan Hrey Group, the Everyday Luxury Group, and the OC Housing News are teaming up to provide a free real estate seminar on February 4, 2016 at JT Schmids Restaurant in Tustin, CA.
IRVINE, Calif., January 31, 2016 – On February 4, 2016, The Dan Hrey Group, the Everyday Luxury Group, and the O...
Free real estate seminar at 5:30 on February 4, 2016 at JT Schmids Restaurant in Tustin, CA

Friday, January 29, 2016

OCHN: Do Americans possess healthy shame concerning consumer debt?

A majority of Americans hold a healthy disdain for consumer debt, but most carry debt anyway.

When you see an American Express Card commercial, do you see a sophisticated financial manager or an irresponsible spendthrift? The credit card companies want you to see a savvy money manager who...
Do Americans possess healthy shame concerning consumer debt?

Thursday, January 28, 2016

OCHN: Many homeowners downsize when released from their bubble-era debtor"s prison

After enduring 10 years of excessive mortgage debt service, many people downsize when prices rise high enough for them to sell.


Most people visualize the housing ladder as a steady upward progression from starter home to Mansion by the beach, but that’s seldom the reality. Many people...
Many homeowners downsize when released from their bubble-era debtor"s prison

Wednesday, January 27, 2016

OCHN: House prices could fall and the cost of home ownership could still go up

Lower house prices due to higher mortgage rates still result in a higher cost of home ownership.

Everyone shopping for a home wants to see lower prices. For most products, paying less for it means the buyer has more money available to purchase other goods and services, but with houses this...
House prices could fall and the cost of home ownership could still go up