Affordability is the name of the game when it comes 至 a sustainable housing 市场. Nationwide the US is witnessing home prices come 在 line with local area 在 comes. In fact, many 加利福尼亚地区 are also seeing this occur. Yet the mid-tier and upper-tier 市场s still have correcting 至 do. In these 市场s the game can only go on if the perception of endless appreciation is part of the buying equation. In a mid-tier 市场 like 亨廷顿海滩 there are many homes that are overpriced and are correcting lower. This isn’t simply occurring at the low-end of the 市场 but with 百万美元的房屋. Today we examine a million dollar 卖空 在 亨廷顿海滩.
6612 Doral Dr，亨廷顿比奇，CA 92648
在这个价格范围内，对这样的房屋有很大的需求吗？很难说，但这个地方现在是众多地方之一 卖空 hitting the OC 市场. This home was purchased 在 the 1990s and had a lot of mortgaging activity during the 2000s. This place is now a pre-foreclosure even though there was an attempt 至 sell this place 在 2010:
$1,799,000 was the 在 itial list price? After chopping prices lower for nearly a year, the listing was taken off the 市场. The price seemed 至 edge close 至 the loans outstanding on this property. Now the lenders realize that they need 至 make the place move. The current list price is $1,295,000. Will this place sell near this price range? It should be obvious that chopping prices lower and agreeing 至 卖空 on 百万美元的房屋 isn’t a sign that the housing 市场 is healthy.
The 亨廷顿海滩 housing 市场
Let us take a look at the current housing 市场 在 亨廷顿海滩:
This home was recently listed and came out of the giant “distressed properties not on the MLS” pipeline. Some think that only bottom of the barrel properties are part of the 影子库存. 那 is clearly not the case. Roughly 25 REOs are listed on the MLS while 187 卖空 are on the 市场 (representing 32 percent of all visible 在 ventory). Of course the 影子库存 胜过所有其他类别。
If 您 think the massive jump 在 sales is occurring because of extremely wealthy households think again:
Do 您 have enough wealthy households willing 至 pay high prices for homes 在 亨廷顿海滩? The answer is clearly no because 您 have a pipeline of homes 在 the foreclosure process that is larger than all visible 在 ventory. Next 至 that, 您 have a 好 number of visible MLS properties being sold for less than the 至 tal current mortgage balance. While price metrics make sense 在 many other 市场s across the US 亨廷顿海滩 is still a 市场 that is showing 在 flated prices.你喜欢这个职位吗？订阅Housing Bubble医生的博客以获取最新的住房评论，分析和信息