On the Market: How Much House Can You Afford for $5,833* 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.

Formerly a 2007 model home, this two-story, 3,600-square-foot residence in Ladera Ranch’s Arboledo community has four bedrooms and five baths. The kitchen with granite countertops opens into the family room. The $1.4 million Ali Lane home has an outdoor living area, a spa with brick hardscape, and a three-car garage. Devon Hocker, 949-351-8889

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