Latest Housing Statistics - August 6, 2009
I enjoy looking through View Magazine in Orange County California. This week's headline got my attention "Real Estate Remains Hot in Orange County." I didn't know it was hot so I researched the references.
First the median home price is up 14%. It is but it's still 35% below the peak and I think the rise is due to Fannie Mae raising it's loan limits to $729,000.
And second Case-Shiller predicts home prices to rise 6.6% in 2010. That's good news but we're down 48% from our highs.
The article says now may be the best time to buy before home prices continue to rise. My caution is this, if you need to buy a home and you plan to live there 10-15 years, this a great time to buy. If you're planning to flip houses and invest short term, stay away. I think prices have a little more downside to come.
Listen to "Latest Housing Statistics"
OC View Magazine
New Home sales surge in the West
OC Median home prices $50,000 off bottom
California seen as top market in 2010
Is Nightmare over for O.C. Brokers
If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.
Tags: podcast podcasting mortgages loan loans bank home finance money mortgage http://www.text-link-ads.com/xml_blogger.php?inventory_key=9HU86RCX76S49MVO3IHK&feed=1
First the median home price is up 14%. It is but it's still 35% below the peak and I think the rise is due to Fannie Mae raising it's loan limits to $729,000.
And second Case-Shiller predicts home prices to rise 6.6% in 2010. That's good news but we're down 48% from our highs.
The article says now may be the best time to buy before home prices continue to rise. My caution is this, if you need to buy a home and you plan to live there 10-15 years, this a great time to buy. If you're planning to flip houses and invest short term, stay away. I think prices have a little more downside to come.
Listen to "Latest Housing Statistics"
OC View Magazine
New Home sales surge in the West
OC Median home prices $50,000 off bottom
California seen as top market in 2010
Is Nightmare over for O.C. Brokers
If you have any questions you would like us to answer on our show, please call our listener line at 714-519-7833 or email mortgagepodcast@gmail.com.
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Tags: podcast podcasting mortgages loan loans bank home finance money mortgage http://www.text-link-ads.com/xml_blogger.php?inventory_key=9HU86RCX76S49MVO3IHK&feed=1
