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Orange County Housing Report: This Market is Taxing
Sunday, April 18th, 2010 at 8:05pm. 226 Views, 0 Comments.
Here's the latest Orange County Housing Report from Steven Thomas of Altera Real Estate!
(Note: Market Activity Charts appear below the text.)
April 15, 2010
Talk to an Orange County buyer, especially a first time home buyer, and you will quickly find that the real estate market is simply crazy.
Let’s first establish that there are two different markets, below $1 million, HOT, and above $1 million, COLD. The below $1 million market accounts for 77% of the total active inventory and 94% of demand. The lower the range, the hotter the market. Most buyers new to the market have already formed an incorrect idea of the real estate market. They think that the market is plagued with desperate sellers waiting for a buyer to finally write an offer to…
