http://m.homesnap.com/news/2016-07-01/article/orange-county-real-estate-market-sees-price-cuts-high/562
Do you think there is a #OChousingbubble? I think a majority of people think there is mainly because they can't afford a #home especially here in #OrangeCounty. Some people think we are in a worse situation than 2008. The #truth is that prices have gone higher in certain areas due to the federal reserve pumping even more money into the system. Statistics show that there are 6900 homes on the market here in OC. Just in the last few weeks we have gone from 6000 to 6900 homes on the market. Quite an alarming statistic if you are following the market and hunting for a bargain for the most precious asset you will #invest in your whole life. In 2007 we had 8000 homes and in 2008 we had 11,000 homes on the market. Should I keep going? I’ll let you decide, but we are heading towards a peak. Be Prepared. For buyers, the good news is that interest rates are at historic lows so the money you borrow is almost #FREE. No reason to sit on the sidelines since any decline will be met with higher interest rates. Attention for all #Sellers, if you have home equity up to $500k, it might be a good time to cash out tax free in the next 12 months. Contact me now if you’re interested.
