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Replies (3)
- Dan, "the_country_hick"
- Contributions:4695
The real estate market is depending solely on unrealistically low interest rates to keep prices from falling much faster. Once interest rates rise real estate will again reset to a level that reflects that borrowing ability at higher rates.
- Bob Phillips, "BobPhillipsRE"
- Contributions:772
The median price in Orange County, California is about 8% higher than it was 37 months ago. Here are some articles from our LOCAL paper, over the past couple of days:
O.C. foreclosures for sale at 20-month low
Foreclosure deals harder to find
Demand for O.C. homes surges 24% in 2 weeks
Nothing is any of those current articles suggests that prices are going to be declining further in Orange County, anytime soon.
- Wes Black
- Contributions:509
The home prices are beginning to stabilize in Louisville, Ky. Our Jan sales activity increased substantially hopefully signaling a better time as the year goes on. Young first time buyers are reentering the market to take advantage of the low interest rates.
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