For those of you who have followed me over the years you are familiar with my personal Orange County housing barometer. If you are new follower to my blog or my website, here it how it works:
Buy! Buy! Buy! (aka: Triple Buy!) = DON”T WAIT…Buy Now!
Buy! Buy! ( Double Buy!) = It’s a good time to buy
Buy! (single Buy!) = Market is volatile. Get ready as it’s about time to buy!
Sell! (single Sell!) = Housing is expensive but the general market is still very strong.
Sell! Sell! (Double Sell!) = Market is turning downwards or is showing signs fo peaking/softening.
Sell! Sell Sell! (Triple Sell!) = GET OUT NOW!
So where do I think we are now in Orange County’s real estate market? Good question!
In my opinion, we are just transferring over from a “Sell! Sell! Sell!” to a “Buy!” (single Buy!) market, and by year’s end we could be in a “Buy! Buy!” (double Buy!) market. There are still a lot of variables that could effect the market over the course of the year, but one thing is for certain…..prices are fundamentally attractive now! More so that they have been in many many years. And if the government throws enough housing stimulus’ into the market and the local economy by April, we could see the bottom of this market my the end of this year!
I do have one caveat though……housing has several sub-markets. We may have reached a bottom in some markets and/or some price points and still have some pain in other market segments. For more information about your market contact me at (714) 812-7883
