O.C. and California May Real Estate Market

Click on the infograph below to download a PDF copy of the O.C. Housing Data from May 2015

O.C. and California May Real Estate Market Update - Infograph by Prominent Escrow Services.

An overview of the real estate market data from May 2015 suggests it is going to be a hot summer selling season in Orange County, California! We would challenge you to repeat the tongue-twister ‘hot summer selling season’ a few times but we know you are too busy in the field being a super-star REALTOR® right now (but by all means, if it’s inspirational, please do!)

The total homes sold in Orange County during May 2015 came to 2,163 which is a 3.5 percent increase compared to May 2014. According to CoreLogic, these homes had a median selling price of $668,000.

Pending home sales in California are up 12.1 percent compared to this time last year. That makes May the sixth straight month of year-to-year gain with the last four months being in the double-digits! According to the California REALTOR® Association, home sales saw an increase of 1.6 percent for Southern California compared to May 2014.

Data sourced from :

1. www.dqnews.com/Charts/Monthly-Charts/OC-Register-Charts/ZIPOCR.aspx

2. www.­car.org

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CFPB Proposed Amendment to Delay

CFPB Proposed Amendment to Delay From ConsumerFinance.Gov

“The CFPB will be issuing a proposed amendment to delay the effective date of the Know Before You Owe rule until October 1, 2015. We made this decision to correct an administrative error that we just discovered in meeting the requirements under federal law, which would have delayed the effective date of the rule by two weeks. We further believe that the additional time included in the proposed effective date would better accommodate the interests of the many consumers and providers whose families will be busy with the transition to the new school year at that time.”

Consumer Financial Protection Bureau

(CFPB) Director Richard Cordray

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