A renewed urgency has overtaken California real estate, particularly in Orange County and cities such as Brea. Virtually every major factor is up compared to the previous year. And the frequency of home sales in Brea, low inventory and decreased number of foreclosure sales continue to heat up the buying frenzy, which will only pick […]
Tag: Brea’s Housing Market
Brea property and homes across Orange County are selling at their greatest since the collapse of the real estate industry in the mid-2000s. The overall number of homes purchased surged by 25% in November 2012 compared to the previous year, evidence that the local housing market is not only rallying by accelerating as we enter […]
RealtyTrac recently listed those cities with the most foreclosures anticipated for 2013. Not one California location made the list, even those counties which had been amongst the foreclosure leaders in years past such as Riverside and San Bernardino counties. Compared to states like Florida, which had eight listings on the report, this is a landmark […]
Brea Home Prices Increasing The median home price in the city of Brea has risen from the same time last year. More specifically, home prices in Brea have steadily increased since 12 months ago but since November 2012 home prices have skyrocketed. Why? There has been a rapid drop in inventory levels across Brea. Simply, as the […]
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Brea Housing Inventory Plummets
Available Homes For Sale in Brea Drop The available active homes for sale in the city of Brea have dropped off dramatically. Since Summer 2012 active homes for sale in Brea have dropped almost 50%. This drop off has been quite painful for buyers looking to buy in Brea as they have struggled month over month to […]
Home prices are expected to rebound in 2013, this according to Chapman University’s 2013 economic forecast released Wednesday. A more robust housing recovery will be held back by the tepid job growth. The report anticipates Orange County home values will appreciate 4.2 percent this year followed by a 6.8 percent increase in 2013. But, just as with […]