How Much House Can You Afford for $8,833* Per Month?

A Huntington Beach traditional for $8,833* per month

All signs point to another year of climbing home values in Orange County—to the tune of 3 to 4 percent, says Laguna Niguel real estate broker Michael Bianchi. And while inventory remains flat, eased lending standards may entice more buyers next year. “We’re hoping to see some loosening with respect to credit and income,” he says.

On the other hand, he and Esmael Adibi, director of Chapman University’s economic research center, expect interest rates to rise, making borrowing more expensive. “If rates go up one point, it’s like raising the monthly payment 20 to 25 percent,” says Bianchi.

For $2.2 million, this traditional 2008 Huntington Beach home has four bedrooms and four baths in 3,500 square feet. The two-story Pine Street residence has a kitchen with a center island, and a master suite with a fireplace and a soaking tub. Outdoors are a kitchen and an above-ground spa. The garage holds three cars. Howard Poulton, 949-607-8155

*Monthly mortgage estimates with 20 percent down on a 30-year loan at 4½ percent.


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