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Adam Brett - Fullerton, California Realtor

Fullerton’s 22nd Annual Veterans’ Day Parade

Veterans Day is a week away and once again Fullerton American Legion Post 142, Veterans of Foreign

fullertoWars Post 11390 and Fullerton Emblem Club 469 will host the 22nd Annual Fullerton Veterans’ Day Parade and Ceremony.

The Parade will be start at Fullerton’s Downtown Plaza at 10:30am and end at Hillcrest Park. Once the parade arrives at Hillcrest a ceremony will be held at the Veterans’ Memorial. The ceremony is scheduled to begin at 11am.

All veterans are welcome to join the parade and march along side JROTC units from Fullerton, Troy, Sonora, La Habra and Buena Park high schools as well as the Senior ROTC unit from California State University at Fullerton.

If you wish to walk in the parade you are asked to arrive at the Downtown Plaza no earlier than 10am. You must be able to march in regular cadence for ¾ of a mile to participate in the parade.

More information about the festivities can be obtained by calling the American Legion at 714-871-2412.

Homebuilding In O.C. Rising Slowly

Homebuilding in Orange County is beginning to rise again. 126 single-family residence permits were issued

chart in Orange County in September – which was a 63.6% increase from August and a 14.5% from September 2008.

Overall the number of building permits issued in Orange County so far are down 10.6% from 2008. In the last nine months builders have received 955 houses compared to 1,068 in the first nine months of 2008. The biggest drop in permits had to do with multi-family units. In September builders took out a mere 17 multi-family unit permits, a 90.2% drop from last year.

San Diego County and the Inland Empire saw the number of permits increase as well.

Home Prices Are Rising In Spite Of The Economy

Home prices throughout Los Angeles and Orange County rose 1.6% in August marking the third month of

arrowmonth-to-month gains. This month marks the longest of those streaks since September 2006.

Unfortunately local home prices are still falling at a rate of 12% per year, but that is the smallest annual rate of decline since November 2007.

O.C. Finance Jobs At 2-year Low

The real estate and finance market in Orange County has lost 1 out of 7 employees. In the month of September t

charthere was 202,500 Orange County residents working in finance – although that is 15,400 less people than last year it is also the smallest year over year loss in two years.

The construction industry in Orange County has been hit the hardest – they have lost 10,500 jobs this year alone.

Brokers Saw The Best September In 3 Years

Since the deadline for the homebuyer tax credit is right around the corner, revenue from broker-handled

chart deals increased last month to the highest level for a September in three years.

Broker transactions account for roughly 85% of all local home sales and generated $1.4 billion in Orange County in September. Broker transactions include home sellers, brokers and agents. Brokers handled 2,454 homes last month – the most homes for a September since 2005.

Overall revenue was up 12.3% from September 2008, when broker deals generated $1.2 billion. For the first time in 4 years revenue rose from August to September – this year rising $149 million.