The market continues to be busy in the lower end of the price range, and bank-owned and short sales are making up about 61% of all closed sales in Orange County. Today, there are a total of 11,577 homes for sale in Orange County. Of those, 4783 (42%) are labeled as either bank owned or short sales. …
A year ago today, I posted my predictions for the Orange County real estate market in 2008. Today, I can look back and see that I got some right, and some wrong. (Isn’t that how it always is?) Some things I got right : The volume increased, (but not as much as I hoped.) As of…
Now that half the year is over, it’s time to take a look at how close to (or far from) reality my predictions were that I made in my December post about 2008 real estate activity. You can go back to read my justifications for each prediction, but this analysis will only address the basic…
The market for homes in Orange County, California, finally seems to be waking up from a long slumber. While the closings for May didn’t set any records, the new pending escrows have improved substantially in the last month. When evaluating the overall market in Orange County, I look at all cities, and residential (not multi-unit…