The president of my company, having earned his degree in Quantitative Economics and Decision Sciences, is well qualified to issue opinions on our local real estate market. His reports have been cited in most local newspapers ( The Orange County Register and the Los Angeles Times, to name a couple.) on a regular basis for well over a year.
With those facts in mind I offer his latest report – just emailed to me.
Here is a synopsis of his report. The number of available listings is down substantially from a year ago, and two years ago. The number of properties currently in escrow is up substantially from a year ago, and two years ago. Interest rates fell – this week - to their lowest level of this past year.
After reading the complete report, here is an easy conclusion to come to. This next few months may be an ideal time to purchase a home in Orange County. Actually, I stated pretty much the same factors – minus the comprehensive facts and statistics – in my Nov. 20th post, titled: “This may be the best time of the year to buy local real estate.” Of course I have been reading his reports for over a year now, plus watching the activity in our area, so I’m reasonably up to speed.
If you are even remotely thinking of buying a house over the next year, I humbly suggest ( with over 32 years of local experience.) that this next couple of months will be a great time to get serious. Why not drop me an email ( agent.BobPhillips@cox.net ) or give me a call (949) 643-2100, and let’s discuss the possibilities?