Orange County Real Estate Week Ending 3/2/2010 “Glass Half Empty” Perspective

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Orange County Real Estate Week Ending 3/2/2010 “Glass Half Empty” Perspective

Week Ending 3/2/2010
“Glass Half Empty” Perspective

LA TIMES BUSINESS SECTION 2/27/2010

Alejandro Lazo

“HOME SALES FALL SECOND MONTH IN ROW”

“In January, 7.2 percent fewer previously owned homes sold than in December. January sales were the lowest since June, but 11.5% higher than in January 2009.

ORANGE COUNTY REGISTER BUSINESS SECTION 2/25/2010

AP

“NEW-HOME SALES FALL TO A NEW LOAN”

“The 11.2% drop in January surprised economist, who forecast a 5% rise.

ORANGE COUNTY REGISTER BUSINESS SECTION 2/23/2010

Jonathan Lansner

“SELLING A MANSION? EXPECT TO WAIT 3 YEARS”

“At the current pace, the overall market is a seller’s market without much appreciation at all. The number of distressed homes within the Orange County housing market is keeping a lid on appreciation. On the other hand, the higher end price ranges are experiencing a deep buyer’s market, the higher the price range, the deeper the buyer’s market. The hottest price range is homes priced between $250,000 and $500,000, with an expected market time of 1.75 months. Contrast that with homes priced above $4 million with an expected market time of 33.89 months.”
Homes listed for under a million bucks have a market time of 2.06 months vs. 8.57 months for homes listed for more than $1 million.


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Sean McCracken

As the OC Realtor I’ll help you find your special OC Coastal home at that special price. With my hand holding, I’ll take you through the buying process for the minimal amount of pain - Call Me @ 949-290-5317

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