Rising Values Lift the O.C. Market & Spring Gardening Tips

2015 Price Gains Restore Equity to 6,600 O.C. Homes Rising home values helped lift 6,609 Orange County homes from being “under water” last year, meaning that their values no longer are less than what’s owed on their mortgages, Irvine-based CoreLogic reported Thursday. During the fourth quarter of 2015, 12,930 O.C. homes were “under water,” or worth less than their mortgages. That’s down from more than 19,500 at the end of 2014. “Higher prices driven largely by tight supply are certainly a big reason for the rise” of homes with equity, said CoreLogic President and CEO Anand Nallathambi. “But continued population growth, household formation and ultra-low interest rates are also factors.” Equit

Featured Posts
Recent Posts
Archive
Search By Tags
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square