The OC Housing News published its monthly housing market report, covering resale home prices and rental rates across Southern California.

Irvine, CA -- (SBWIRE) -- 01/04/2016 -- Historically, properties in this market sell at a 0.6% premium. Today's discount is 3.5%. This market is 4.1% undervalued.

Median home price is $594,700 with a rental parity value of $611,600. This market's discount is $16,900.

Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $392/SF to $394/SF. Resale prices have been rising for 11 month(s).

Over the last 12 months, resale prices rose 5.1% indicating a longer term upward price trend.

Median rental rates declined $8 last month from $2,750 to $2,741. The current capitalization rate (rent/price) is 4.4%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 8

About Shevy Akason and OC Housing News
Shevy Akason, exclusive agent for readers and clients of the OC Housing News. The OC Housing News provides entertaining and insightful real estate news coverage, advanced property search, and property analysis displaying the cost of ownership for every property on the multiple listing service.

Media Contact:
Shevy Akason
OC Housing News
Website: ochousingnews.com
Address: 9901 Irvine Center Drive
Irvine, CA 92618
Contact Number: 877-409-8515
Email: info@ochousingnews.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The OC Housing News published its monthly housing market report, covering resale home prices and rental rates across Southern California.

Irvine, CA -- (SBWIRE) -- 01/04/2016 -- Historically, properties in this market sell at a 9.5% discount. Today's discount is 14.2%. This market is 4.7% undervalued.

Median home price is $507,300 with a rental parity value of $589,300. This market's discount is $82,000.

Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $407/SF to $409/SF. Resale prices have been rising for 10 month(s).

Over the last 12 months, resale prices rose 5.4% indicating a longer term upward price trend.

Median rental rates increased $8 last month from $2,633 to $2,641. The current capitalization rate (rent/price) is 5.0%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 7

About Shevy Akason and OC Housing News
Shevy Akason, exclusive agent for readers and clients of the OC Housing News. The OC Housing News provides entertaining and insightful real estate news coverage, advanced property search, and property analysis displaying the cost of ownership for every property on the multiple listing service.

Media Contact:
Shevy Akason
OC Housing News
Website: ochousingnews.com
Address:9901 Irvine Center Drive
Irvine, CA 92618
Contact Number: 877-409-8515
Email: info@ochousingnews.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The OC Housing News published its monthly housing market report, covering resale home prices and rental rates across Southern California.

Irvine, CA -- (SBWIRE) -- 01/04/2016 -- Historically, properties in this market sell at a 25.7% discount. Today's discount is 32.2%. This market is 6.6% undervalued.

Median home price is $280,200 with a rental parity value of $406,600. This market's discount is $126,400.

Monthly payment affordability has been worsening over the last 1 month(s). Momentum suggests unchanging affordability.

Resale prices on a $/SF basis increased from $184/SF to $184/SF. Resale prices have been rising for 1 month(s).

Over the last 12 months, resale prices rose 7.0% indicating a longer term upward price trend.

Median rental rates declined $23 last month from $1,845 to $1,822. The current capitalization rate (rent/price) is 6.2%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 8

About Shevy Akason and OC Housing News
Shevy Akason, exclusive agent for readers and clients of the OC Housing News. The OC Housing News provides entertaining and insightful real estate news coverage, advanced property search, and property analysis displaying the cost of ownership for every property on the multiple listing service.

Media Contact:
Shevy Akason
OC Housing News
Website: ochousingnews.com
Address: 9901 Irvine Center Drive,Irvine, CA 92618
Contact Number: 877-409-8515
Email: info@ochousingnews.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

The OC Housing News published its monthly housing market report, covering resale home prices and rental rates across Southern California.

Irvine, CA -- (SBWIRE) -- 01/04/2016 -- Historically, properties in this market sell at a 18.5% discount. Today's discount is 23.5%. This market is 4.9% undervalued.

Median home price is $306,900 with a rental parity value of $397,300. This market's discount is $90,400.

Monthly payment affordability has been improving over the last 3 month(s). Momentum suggests improving affordability.

Resale prices on a $/SF basis increased from $172/SF to $173/SF. Resale prices have been rising for 2 month(s).

Over the last 12 months, resale prices rose 4.9% indicating a longer term upward price trend.

Median rental rates declined $4 last month from $1,785 to $1,781. The current capitalization rate (rent/price) is 5.6%.

Rents have been rising for 12 month(s). Price momentum signals rising rents over the next three months.

Market rating = 8

About Shevy Akason and OC Housing News
Shevy Akason, exclusive agent for readers and clients of the OC Housing News. The OC Housing News provides entertaining and insightful real estate news coverage, advanced property search, and property analysis displaying the cost of ownership for every property on the multiple listing service.

Media Contact:
Shevy Akason
OC Housing News
ochousingnews.com
Address: 9901 Irvine Center Drive,Irvine, CA 92618
Contact Number: 877-409-8515
Email: info@ochousingnews.com

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm