How’s The Market

Newport Beach Moves To Regulate Short-Term Rentals

by stephanieargyros February 8, 2016 How's The Market

City officials in Newport Beach are set to revisit how they collect taxes on short-term rentals as the popularity of websites like Airbnb and VRBO takes off in Orange County.

Short-term vacation rentals have been a vital part of the economy of Newport Beach for many years, particularly in desirable locales like Balboa Island, Balboa Peninsula …

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Rams Return To LA; San Diego Risks Losing Chargers

by stephanieargyros January 25, 2016 How's The Market

The NFL is returning to Los Angeles after a 21-year hiatus. At a meeting of NFL team owners in Houston in mid-January, NFL Commissioner Roger Goodell announced that the owners had approved the return of the Rams to the City of Angels. The Rams had previously played in Los Angeles for nearly 50 years before …

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Los Angeles Passes Contentious Earthquake Retrofitting Rules

by stephanieargyros January 21, 2016 How's The Market

Landlords and tenants in Los Angeles must now split the costs of retrofitting apartments to meet earthquake safety requirements, according to a deal passed by the City Council.

The hotly contested agreement passed by the City Council on Wednesday, January 13, allows landlords to pass half the costs of earthquake retrofitting on to tenants in the …

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Downtown Newport Beach Set To Get A New Boutique Hotel In Old City Hall

by stephanieargyros January 4, 2016 How's The Market

The Newport Beach City Council voted unanimously on December 22 to approve zoning changes that would allow the Lido House Hotel, a 130-room boutique hotel planned to take over the former Newport Beach City Hall at the entrance of Balboa Peninsula.

The area’s earlier zoning classification only public buildings to be built on the property. After …

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Wealthy Orange County Areas See Sales Jump

by stephanieargyros November 20, 2015 How's The Market

The wealthiest ZIP codes in Orange County saw a major increase in sales volume in September, as reported by the Orange County Register. During that month, a 16.3 percent increase took place amongst home sales in the county’s 27 most expensive ZIP codes, or the areas where median sales prices run in a range …

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Orange County Unemployment Hits 9-Year Low

by stephanieargyros November 16, 2015 How's The Market

This past September, Orange County got some good news. According to the Orange County Register, the county’s unemployment rate hit its lowest level in nearly a decade, with employers briskly taking on new workers.

Specifically, the unemployment rate hit 4 percent – down 4.5 percent from the previous month and the lowest seen in …

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Orange County Rent Prices Continue to Climb

by stephanieargyros October 26, 2015 Corona Del Mar

Rent prices continue to soar in Southern California.

Rent prices continue to soar in Southern California. As demand outpaces the number of available units, landlords have the upperhand on pricing, leading to increased costs for renters in Orange County.

Reis, Inc., a commercial real estate data company, reported average rents in Orange County …

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High Demand for California Housing Drives Jumbo Loans

by stephanieargyros October 19, 2015 Corona Del Mar

While many home buyers in Orange County and other exclusive coastal California areas make cash offers, many homes still require a mortgage. And in the hottest California real estate markets, a mortgage often is not just a mortgage but rather a jumbo loan.

Fannie Mae and Freddie Mac, the two government-sponsored agencies that purchase U.S. …

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“Return to Normalcy” Predicted for 2016 California Real Estate

by stephanieargyros September 17, 2015 How's The Market

The California Association of Realtors (CAR) recently published their forecast of the California real estate market for the remainder of this year as well as 2016. CAR predicts steady growth throughout 2015 and into 2016, with smaller gains likely in comparison to 2013 and 2014.

In 2013, California saw a 27 percent increase in …

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Orange County Luxury Home Sales Increase

by stephanieargyros August 5, 2015 How's The Market

Home sales are on the rise in Orange County, particularly in the million-dollar zip codes. The nine OC zip codes where median home prices are $1 million or higher saw a 29 percent increase in home sales compared to last year.

As reported by the Orange County Register, a total of 282 homes sold in …

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