Safest US cities

by 24/7 Wall St. website reported by Jonathan Lansner OC Register November 9th, 2019

Top-ranked Irvine was 1 of the 10 SoCal Cities to Make the Top 50.

Upon comparison, safety rankings with local housing prices, it’s no surprise, safe cities are among the nation’s priciest places to buy a home.

Here is a look at the 10 SoCal cities on the safest-city list and a snippet of 24/7 Wall St.’s analysis.

1. Irvine: “The low prevalence of crime may have been a big draw for the large influx of residents who moved to Irvine over the past decade.

From 2009 to 2018, the population of Irvine grew by 33.6%, more than five times the 6.6% national growth rate.”

An Irvine home costs $994,300 — No. 12 nationally — up 15.52% in five years, 27th smallest gain of the 400.3. Murrieta: “Adjusted for population, there were just 80 violent crimes per 100,000 Murrieta residents, less than one-fourth the national violent crime rate of 369 incidents per 100,000 Americans.”

Murrieta homes cost $446,800 — No. 86 nationally — up 25% in five years, 90th smallest of 400.

8. Thousand Oaks: “While Thousand Oaks is one of the safest cities in the country, in November 2018 a mass shooting took place there that left 13 dead, including the gunman.”

A Thousand Oaks home costs $761,700 — No. 27 nationally — up 20% in five years, 54th smallest of 400.

9. Glendale: “Just 99 violent crimes reported per 100,000 residents in Glendale, the fourth-lowest rate of any city with a population of at least 100,000 in California and the ninth-lowest nationwide.”

A Glendale home costs $945,400 — No. 14 nationally — up 30% in five years, 130th smallest of 400.

15. Orange: “Just 113 violent crimes reported per 100,000 city residents, far less than the national violent crime rate.”

An Orange home costs $725,000 — No. 30 nationally — up 26% in five years, 94th smallest of 400.

19. Temecula: “Just 6.8% of residents live in poverty, and 3.5% of the labor force is unemployed, compared to the national poverty rate of 14.6% and an unemployment rate of 3.9%.”

Temecula homes cost $484,200 — No. 74 nationally — up 24% in five years, No. 81st smallest of 400.

25. Santa Clarita: “Just 135 violent crimes reported per 100,000 residents in 2018, far less than the corresponding national rate.”

A Santa Clarita home costs $594k — No. 46 nationally — up 28% in 5 years.

31. Corona: “In 2018, there were 155 violent crimes reported per 100,000 residents in the city, far less than the national violent crime rate.”

A Corona home costs $510,600 — No. 67 nationally — up 24% in five years, 78th smallest of 400.

40. Simi Valley: “The city was 1 of 19 mid- to large-size cities nationwide with no criminal homicides reported in all of 2018.”

A Simi Valley home costs $593,000 — No. 47 nationally — up 26% in five years, 93rd smallest of 400.

45. Torrance: “Just 1,838 property crimes reported for every 100,000 people in the city in 2018, well below the national rate of 2,200 per 100,000.”

A Torrance home costs $860,900 — No. 21 nationally — up 24% in five years, 76th smallest of 400.

 

California’s Homeownership Rate Hits 9-Year High

 

By JONATHAN LANSNER | jlansner@scng.com | OCRegister

 

New Census data shows 56.3% of households statewide lived in a residence they owned in the third quarter.

 

And while that’s sixth-lowest among the states, it is the highest California ownership level since 2010.

 

A year ago, 55.2% of Californians were homeowners, ranking No. 49 nationally. Californians have struggled to own their homes since the Great Recession.

 

Between 2005 and 2009, California ownership averaged 58.5% in an era that saw aggressive lending.

 

Since then, as lenders made it harder to get a mortgage and home “affordability” worsened, ownership has averaged 54.7% in the state.

 

But the past year’s dramatic reversal in mortgage rates, continued strong job growth statewide and moderating price home-price appreciation seems to have put more Californians into their own homes.

 

For example, homeownership in the Inland Empire hit an 11-year high.

 

In Riverside and San Bernardino counties, 67.7% of households lived in a residence they owned in the third quarter, ranking No. 23 among the 75 largest metro areas, according to the Census Bureau.

 

A year earlier, the I.E. had 64.7% ownership, ranking No. 34 nationally.

 

In the 2005-09 easy money days, I.E. ownership averaged 67% but ownership has since averaged 54.7%.

 

Not all of the homeownership news was upbeat as Los Angeles and Orange counties remain below 50% for the sixth consecutive quarter.

 

In the third quarter, 48.2% of L.A.- O.C. households lived in a residence they owned, next-to-last among the 75 largest metro areas.

 

A year earlier, 47.3% were homeowners, ranking No. 75 nationally. In those 2005-09 go-go days, L.A.-O.C. ownership averaged 52.8%.

 

Ownership is also up nationally with 64.8% of homes were occupied by owners vs. 64.4% a year earlier.

 

 

The last time U.S. ownership was higher was in 2013.

 

 

How to Determine If You Can Afford to Buy a Home

How to Determine If You Can Afford to Buy a Home

How to Determine If You Can Afford to Buy a Home | MyKCM

The gap between the increase in personal income and residential real estate prices has been used to defend the concept that we are experiencing an affordability crisis in housing today.

It is true that home prices and wages are two key elements in any affordability equation. There is, however, an extremely important third component to that equation: mortgage interest rates.

Mortgage interest rates have fallen by more than a full percentage point from this time last year. Today’s rate is 3.75%; it was 4.86% at this time last year. This has dramatically increased a purchaser’s ability to afford a home.

Here are three reports validating that purchasing a home is in fact more affordable today than it was a year ago:

CoreLogic’s Typical Mortgage Payment

“Falling mortgage rates and slower home-price growth mean that many buyers this year are committing to lower mortgage payments than they would have faced for the same home last year. After rising at a double-digit annual pace in 2018, the principal-and-interest payment on the nation’s median-priced home – what we call the “typical mortgage payment”– fell year-over-year again.”  

The National Association of Realtors’ Affordability Index

“At the national level, housing affordability is up from last month and up from a year ago…All four regions saw an increase in affordability from a year ago…Payment as a percentage of income was down from a year ago.”

First American’s Real House Price Index (RHPI)

“In 2019, the dynamic duo of lower mortgage rates and rising incomes overcame the negative impact of rising house price appreciation on affordability. Indeed, affordability reached its highest point since January 2018. Focusing on nominal house price changes alone as an indication of changing affordability, or even the relationship between nominal house price growth and income growth, overlooks what matters more to potential buyers – surging house-buying power driven by the dynamic duo of mortgage rates and income growth. And, we all know from experience, you buy what you can afford to pay per month.”

Bottom Line

Though the price of homes may still be rising, the cost of purchasing a home is actually falling. If you’re thinking of buying your first home or moving up to your dream home, let’s connect so you can better understand the difference between the two.

 

4 Reasons to Buy a Home This Fall

4 Reasons to Buy a Home This Fall

4 Reasons to Buy a Home This Fall | MyKCM

Here are four great reasons to consider buying a home today, instead of waiting.

1. Prices Will Continue to Rise

CoreLogic’s latest Home Price Insights Report shows that home prices have appreciated by 3.6% over the last 12 months. The same report predicts prices will continue to increase at a rate of 5.8% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Mortgage Interest Rates Are Projected to Increase Next Year

The Primary Mortgage Market Survey from Freddie Mac indicates that interest rates for a 30-year mortgage have recently hovered just above 3.5%. This is great news for buyers in the market right now, because low interest rates increase your purchasing power – but don’t wait! Most experts predict rates will rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac, and the National Association of Realtors are in unison, projecting that rates will increase by this time next year.

An increase in rates will impact your monthly mortgage payment. A year from now, your housing expense will increase if a mortgage is needed to buy your next home.

3. Either Way, You Are Paying a Mortgage 

There are some renters who haven’t purchased a home yet because they’re uncomfortable taking on the obligation of a mortgage. Everyone should realize that, unless you’re living rent-free with your parents, you are paying a mortgage – either yours or that of your landlord.

As an owner, your mortgage payment is a form of ‘forced savings’ that allows you to have equity in your home you can tap into later in life. As a renter, you guarantee your landlord is the person with that equity.

Are you ready to put your housing costs to work for you?

4. It’s Time to Move on With Your Life

The ‘cost’ of a home is determined by two major components: the price of the home and the current mortgage rate. It appears both are on the rise.

But what if they weren’t? Would you wait?

Look at the actual reason you’re buying and decide if it is worth waiting. Whether you want to have a great place for your children to grow up, you want your family to be safer, or you just want to have control over custom renovations, maybe now is the time to buy.

Bottom Line

Buying a home sooner rather than later could lead to substantial savings. Let’s get together to determine if homeownership is the right choice for you and your family this fall.

Should I Call the Listing Agent to Buy a Home?

Should you use the listing agent when you are buying a home...?

No! No! No!


That could be a very expensive mistake.

The listing agent was hired by the seller to get them the highest price and the best terms.

The agent has a fiduciary duty to the seller. How can the agent get the seller the highest price and try to get you the lowest price at the same time?
 
 
The only person that makes out in this kind of sale is the agent that gets double the pay.

Lets say you are getting a divorce...would you want the same lawyer as your spouse?  Or do you want someone that is fighting for you?

When you are buying a home you should have an agent that is there to fight for your rights,  protect your interests, and get you the best deal possible.

And what will it cost you...? NOTHING You don't pay a buyers agent.

Give me a call to discuss how I can help you purchase your next home.

Posted in Buying a Home

Orange County Real Estate...Living and Investing in the OC.

Orange County is a wonderful place to live!  Location, Location, Location!  You've heard it before and the OC is setting the standard for the often used mantra.  Why are home prices on the rise in the OC?

 

  • Amazing Weather (average temperature is 70 degrees and it's sunny 70% of the time)
  • Top-Rated Schools (excellent public and private schools)
  • Scenic Views (oceans and beautiful landscapes)
  • The Beach
  • Entertainment (Disneyland and fine dining)

 

 

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

July 31, 2017

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We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates