What do you think is going to happen the Real Estate market in LA and Orange Counties? I have seen it level and and begin to drop. I am about to buy a house and would like to know if this is the time, or if I should wait before I buy a house.
2007-02-19 14:01:53 · 5 answers · asked by BA 3 in Business & Finance ➔ Renting & Real Estate
Although I haven't been watching the LA county market closely, but the Orange county market actually has improved. All the cheap properties that were sitting on the market for 6 months were bought up in early January. Prices have also gone up and those properties that were willing to sell their properties for less have increased their minimum range.
The report in the newspaper said that comparing home values from Jan of 2006 and Jan 2007, LA County had a 6% increase, OC stayed the same and Riverside County had a 10% increase.
What I tell my clients is that is you plan on living in the home for at least 3-5 years, right now is a good time to buy. It's still a buyers market and interest rates are still low.
Let me know if you need any help in finding a home. I do loans and real estate and will help you make the right decision based on what your needs are. Plus I'll teach you how agents and brokers make money in the purchase of the property so that you can make informed decisions and I am willing to share a portion of what I make to help pay for your closing cost.
Good Luck and I wish you well.
Regards
2007-02-19 15:05:54 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I'd wait a bit. Prices just ran up like nobody's business. Had a lot of amatuer investors driving up prices. I'd wager that prices are going to drop substantially. Nobody knows for sure though.
If you can afford to buy now and you find a place that you want to live in forever then by all means go for it. If you're looking for a place to live in for just a couple of years and turn a profit on, not the time.
2007-02-19 22:16:46 · answer #2 · answered by Big R 6 · 0⤊ 0⤋
it relatively is a SWAG to foretell the place the marketplace would be in might? you may examine comments and discover information to help the two argument of despite if the marketplace would be extra desirable or worse. there are lots of purchasers keen to purchase fixers if the fee is stable. you may desire to evaluate what you ought to sell the abode for now, or how lots you will positioned into it and that sales fee. it incredibly is extra rewarding? And purely you already know in case you have the stuff to end the projects or be keen to hire the artwork achieved. P.S. Don'tbuy2007 is an fool.
2016-10-02 10:24:29 · answer #3 · answered by ? 3 · 0⤊ 0⤋
Rember the great time of the 80's it will be worst this time.
And hear is why.
http://www.breakingbubble.com/
2007-02-19 14:05:44 · answer #4 · answered by Anonymous · 0⤊ 0⤋
In what cities are you looking to buy?
2007-02-19 14:09:36 · answer #5 · answered by Bestie 6 · 0⤊ 0⤋