Happy New Year everyone. To start this year we wanted to provide with some links about what some experts are saying about what 2012 should look like to our local Orange County Real Estate Market. Overall, what we have experienced in the past months is that it feels like the market is stabilizing in most areas, and higher rents are being paid by tenants, which should be great opportunities for buyers as well as investors.
Different people have different outlooks for 2012. The OCRegister put together 12 different outlooks on the Orange County Real Estate Market conditions for this 2012 and what the housing should look like, here's the link for the recap for the folks interested in what some of these professionals are saying:
The OCRegister also publishes information on DataQuick ( which basically gathers all the numbers for our local market), and what we've seen for December 2011 was great news for the folks thinking of purchasing a home: the house payments were at the lowest in the past 8 years, and if take into consideration the inflation as well, the house payments on homes look like the ones in 1999. Not to mention interest rates are still at historic lows, and because of the this year being an election year, most experts are predicting rates staying this low throughout the year. Last but not least, in our South Orange County area and the beach cities, median selling prices are almost 10% below a year ago, with about the same number of homes sold. Orange County still is one fo the country's most desirable places to live and work!
Let us know what your home needs are. We can set you up to receive daily or weekly email updates on homes in Orange County you might like that will fit your criteria, and whenever you decide is time to go and preview some homes, we will be ready to help. Happy New Year!