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Irvine Housing Blog


Irvine Housing Blog
Blogging about the latest in housing related topics for the master planned City of Irvine. Read about flips gone bad, sales trends, new home developments, and much more! Check out our community forums too!
Articles: 1, 2, 3, 4, 5, 6, 7

Articles

White Christmas
2007-12-25 12:30:00
I’m dreaming of a white Christmas Just like the ones I used to know Where the treetops glisten, and children listen To hear sleigh bells in the snow I’m dreaming of a white Christmas With every Christmas card I write May your days be merry and bright And may all your Christmases be white I’m dreaming of a white Christmas With every Christmas card I ...
More About: White , White Christmas
The Christmas Song
2007-12-24 12:30:00
Chestnuts roasting on an open fire Jack Frost nipping at your nose Yuletide carols being sung by a choir And folks dressed up like eskimos Everybody knows some tofu and some mistletoe Help to make the season bright Tiny tots with their eyes all aglow Will find it hard to sleep tonight They know that Santa’s on his way He’s loaded lots of toys And ...
More About: Christmas , Song , Christmas Song , The Christmas Song
The Little Drummer Boy
2007-12-23 12:30:00
“Little Drummer Boy“, David Bowie and Bing Crosby . . I hope you are enjoying your holiday season…
Christmas In Killarney
2007-12-22 12:30:00
The holly green, the ivy green The prettiest picture you’ve ever seen Is Christmas in Killarney With all of the folks at home It’s nice, you know, to kiss your beau While cuddling under the mistletoe And Santa Claus you know, of course Is one of the boys from home The door is always open The neighbors pay a call And Father John before he’s ...
More About: News
I?ll be Home for Christmas
2007-12-21 12:30:00
I’ll be home for Christmas You can plan on me Please have snow and mistletoe And presents ‘neath the tree Christmas eve will find me Where the love light gleams I’ll be home for Christmas And you’ll be in my dreams I’ll be home this Christmas, darling I’ll be coming home to you And there’s nothing in the world Gonna get in my way I’ll be ...
More About: Home
Are You Prepared?
2007-12-20 12:30:00
O Holy night, the stars are brightly shining It is the night of our dear Savior’s birth Long lay the world in sin and error pining Til He appeared and the soul felt it’s worth A thrill of hope the weary world rejoices For yonder breaks a new and glorious morne Fall on your knees O hear the angel voices O night divine! O ...
More About: Pare , Prep
HELOC Abuse
2007-12-19 12:30:00
Jingle bell, jingle bell, jingle bell rock Jingle bells swing and jingle bells ring Snowing and blowing up bushels of fun Now the jingle hop has begun Jingle bell, jingle bell, jingle bell rock Jingle bells chime in jingle bell time Dancing and prancing in Jingle Bell Square In the frosty air. What a bright time, it’s the right time To rock the night ...
More About: Abuse
America?s Debtor Prisons
2007-12-18 12:30:00
It’s the most wonderful time of the year (Most wonderful time) With the kids jingle-belling And everyone telling you Be of good cheer It’s the most wonderful time of the year (Wonderful time) It’s the hap-happiest season of all (wonderful time) With those holiday greetings And great happy meetings When friends come to call It’s the hap-happiest season of all There’ll be parties for hosting Marshmallows for roasting And ...
More About: America
Knife Catcher Wanted
2007-12-17 12:30:00
By request… (all right you Chipmunks! Ready to sing your song? -I’ll say we are! -Yeah! -Let’s sing it now! Okay, Simon? -Okay! Okay, Theodore? -Okay! Okay, Alvin? Alvin? ALVIN! -OKAY!!!) Christmas, Christmas time is near Time for toys and time for cheer We’ve been good, but we can’t last Hurry Christmas, hurry fast Want a plane that loops the loop Me, I want a hula hoop We can hardly stand the ...
More About: Catcher , Knife , Wanted
Irvine home prices and sales (Dec. 10)
2007-12-16 12:30:00
These are some interesting numbers… Median sale price Sales volume ZIPcode Prev. 4 weeks change from ?06 Prev. 4 weeks change from?06 92602 $658,500 -27.3% 9 -81.3% 92603 $737,000 -17.9% 22 -40.5% 92604 $583,000 -10.2% 16 0.0% 92606 $871,750 19.1% 8 -72.4% 92612 $472,000 -22.0% 24 4.3% 92614 $575,000 -3.2% 13 -18.8% 92618 $682,500 15.7% 20 53.8% 92620 $757,500 5.9% 16 -79.2% I am going to make a bold prediction: sales will improve in 92602, 92606 and 92620. After an 80% decline in sales, some improvement is nearly certain. Then again, sales could drop off to zero ...
More About: Home , Irvine , Prices
Price-to-Rental Ratio
2007-12-15 12:30:00
One of the cornerstones of my analysis of the housing market is the relationship between income, rent and house prices. When prices rise to where it is less expensive to rent, people who do not get caught up in the irrational exuberance of rising prices chose to rent rather than buy. From the graph above ...
More About: Rental , Price
21% off in Irvine
2007-12-14 12:30:00
Well, way up North where the air gets cold There’s a tale about Christmas that you’ve all been told A real famous cat all dressed up in red And he spends the whole year workin’ out on his sled. It’s the little Saint Nick little Saint Nick It’s the little Saint Nick little Saint Nick Just a little bobsled, we call it Old ...
More About: Rollback , Irvine
Christmas Time is Here Again
2007-12-13 12:30:00
Christmas time is here again Christmas time is here again Christmas time is here again Christmas time is here again Ain’t been round since you know when Christmas time is here again O-U-T spells “out” Christmas Time is Here Again — The Beatles . . Asking Price: $560,000 Income Requirement: $140,000 Downpayment Needed: $112,000 Purchase Price: $605,000 Purchase Date: 4/27/2006 Address: 24 ...
More About: Christmas
Are Short Sales Moral?
2007-12-12 12:30:00
So this is Christmas And what have you done Another year over And a new one just begun Ans so this is Christmas I hope you have fun The near and the dear one The old and the young A very merry Christmas And a happy New Year Let’s hope it’s a good one Without any fear And so this is Christmas For weak and for strong For rich ...
More About: Sales , Short , Moral
Wonderful Christmas Time
2007-12-11 12:30:00
The moon is right The spirits up Were here tonight And thats enough Simply having a wonderful christmastime Simply having a wonderful christmastime The partys on The feelins here That only comes This time of year Simply having a wonderful christmastime Simply having a wonderful christmastime Wonderful Christmas Time — Paul McCartney . . Today we are off to the races. We have a pair of small condos priced almost ...
More About: Rollback
U2
2007-12-10 12:30:00
I’m watching it fall Watching the people around Baby please come home The churchbells in town They’re rining a song What a happy sound Baby please come home Theyr’e singing deck the halls But it’s not like Christmas at all I remember when you were here And all the fun we had last year Pretty lights on the tree I’m watching ‘em shine You should be here with ...
More About: Rollback
Lilac Rollbac ** Update 2 **
2007-12-09 12:30:00
This property is still on the market, and they are still chasing the market down. The price now stands at $559,900. The losses now exceed $120,000… First Update September 3, 2007 Originally published July 13, 2007. The price has been reduced to $599,900. Assuming this seller gets their asking price, they stand to lose $86,094 after a 6% ...
More About: Rollback , Lilac
Balance
2007-12-08 12:30:00
I hear the bells Saying Christmas is near They ring out to tell the world That this is the season of cheer I hear a choir Singing sweetly somewhere And a glow fills my heart I’m at peace with the world As the sound of their singing fills the air Oh why can’t every day be like Christmas Why ...
More About: Balance
Elvis?s White Christmas
2007-12-07 12:30:00
I’m dreaming of a white Christmas Just like the ones I used to know Where the treetops glisten, and children listen To hear sleigh bells in the snow I’m dreaming of a white Christmas With every Christmas card I write May your days be merry and bright And may all your Christmases be white I’m dreaming of a white Christmas With every Christmas card I ...
More About: Elvis , White , Rollback , White Christmas
Elvis?s I?ll Be Home For Christmas
2007-12-06 12:30:00
I’ll be home for Christmas You can plan on me Please have snow and mistletoe And presents ‘neath the tree Christmas eve will find me Where the love light gleams I’ll be home for Christmas And you’ll be in my dreams I’ll be home this Christmas, darling I’ll be coming home to you And there’s nothing in the world Gonna get in my way I’ll be home ...
More About: Elvis , Home , Rollback
Santa Claus is Back in Town
2007-12-05 12:30:00
Well, its christmas time pretty baby And the snow is falling on the ground Well, its christmas time pretty baby And the snow is falling down Well you be a real good little girl Santa claus is back in town Got no sleigh with reindeer No sack on my back Youre gonna see me comin in a big black caddilac Oh, its christmas ...
More About: Santa Claus , Back , Town , Rollback
Blue Christmas
2007-12-04 12:30:00
I’ll have a blue Christmas without you I’ll be so blue just thinking about you Decorations of red on a green Christmas tree Wont be the same dear, if you’re not here with me And when those blue snowflakes start falling Thats when those blue memories start calling You’llbe doin all right, with your Christmas of white But Ill have a blue, ...
More About: Blue , Rollback , Blue Christmas
What is a Bubble?
2007-12-03 12:30:00
I’m dreaming dreams, I’m scheming schemes, I’m building castles high. They’re born anew, their days are few, Just like a sweet butterfly. And as the daylight is dawning, They come again in the morning! I’m forever blowing bubbles, Pretty bubbles in the air, They fly so high, Nearly reach the sky, Then like my dreams They fade and die. Fortune’s always hiding, I’ve looked everywhere, I’m forever blowing bubbles, Pretty ...
More About: Bubble
Defaults and House Prices
2007-12-02 12:30:00
I found this blog entry on Calculated Risk. If you did not see it, it brilliantly and concisely demonstrates the problems facing the market in the foreseeable future. From Calculated Risk: In the ’90s, as prices fell in California, foreclosure activity (using Notice of Defaults NODs) increased. Prices bottomed in 1996, as foreclosure activity peaked. Now imagine what ...
More About: House , House Prices
Weeping Desert Willow ** Foreclosure **
2007-12-01 12:33:00
Does everyone remember this original post, Weeping Desert Willow ? It was the most viewed post ever on this site. Well, we have an update. This property went back to the lender on 10/18/2007 for $1,030,658. All told the bank lost $164,605 so far. They will likely lose more as they sell it in the resale ...
More About: Foreclosure
The English Garden ** Final Update **
2007-12-01 12:29:00
This property went back to the lender on 11/9/2007 for $506,429. Apparently the seller bought the property with a $460,000 negative amortization loan with a 1% teaser rate. I don’t see a second, so it appears the $125,000 downpayment was consumed by the negative amortization on the loan and the dropping property values. The property was ...
More About: Garden , English , Update , Final , Rollback
Frosty the Snowman
2007-11-30 12:30:00
We wrap up our week of music from Children’s Christmas shows with this old favorite. Down to the village, With a broomstick in his hand, Running here and there all Around the square saying, Catch me if you can. He led them down the streets of town Right to the traffic cop. And he only paused a moment when He heard him holler “Stop!” For ...
More About: Rollback , Frosty , Snowman
We are Santa?s Elves
2007-11-29 12:30:00
Ho ho ho. Ho ho ho. We are Santa ’s elves. We are Santa’s elves, Filling Santa’s shelves With a toy For each girl and boy. Oh, we are Santa’s elves. We work hard all day, But our work is play. Dolls we try out, See if they cry out. We are Santa’s elves. We’ve a special job each year. We don’t like to brag. Christmas Eve we always Fill Santa’s ...
More About: Rollback
Holly Jolly Christmas
2007-11-28 12:30:00
Have a holly, jolly Christmas ; It’s the best time of the year I don’t know if there’ll be snow, but have a cup of cheer. Have a holly, jolly Christmas; And when you walk down the street Say Hello to friends you know and everyone you meet. Oh, ho, the mistletoe hung where you can see; Somebody waits for you; Kiss her once for me. Have a ...
More About: Holly , Rollback , Olly
Silver and Gold
2007-11-27 12:30:00
Silver and gold, silver and gold Ev’ryone wishes for silver and gold How do you measure its worth? Just by the pleasure it gives here on earth Silver and gold, silver and gold Mean so much more when I see Silver and gold decorations On ev’ry Christmas tree Silver and Gold — Burl Ives It has been a while since I have come across ...
More About: Silver
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