The Secret’s Out!
 
Last month we reported that the Market was strengthening.  Well, we were a little conservative.  The Market is surging!  To quote Steven Thomas, local economist, in a recent article in the Orange County Register, “Listing Inventory is at its lowest point since June 2005; demand is at its highest level since June 2005; the expected market time is at its lowest level since June 2005; closed sales have not been this low since October 2006. The distressed property inventory is at lows not seen since September, 2007.”
 
So, what does it all mean?  Obviously, it has become a much better time to sell than in the past several months.  We definitely are seeing some price increases, and houses are selling in days, sometimes in hours. 
 
But, it’s also a great time to buy.  Interest rates have dropped to all-time lows, good financing is available at all levels, and rents continue to rise.  Owning a home as a residence or an income-producing property makes complete sense.
 
Feel free to contact us to find out the best real estate moves for you.  Call 949 707-4472 or e-mail frankdilauro@cox.net.  We’d love to help you benefit from these exceptional opportunities.

The secret is…The Housing Market in Orange County is getting stronger – and getting there quickly.  A couple of facts – the number of homes available for sale (Inventory) is the lowest since July, 2005.  The number of open escrows is the second highest since August, 2005.  As you may remember, 2005 was our strongest Market ever.  The Market was so strong that homes were selling in hours in Multiple Offers.  As a result, prices were rising at unprecedented rates. 
 
Well, what does that mean for us? At the very least, it may well mean we can look forward to price increases, soon.  For Buyers, I’d recommend getting in the Market, now.  That’s especially important because interest rates are still at record lows.  If you wait, an increase in price, coupled with an increase in interest rates could cost you thousands (yes, $1000.00s) of dollars per month.  Sellers, on the other hand, stand to benefit by entering the Market, at this time.  Real Estate is a “supply and demand” market.  When demand goes up (supply goes down), prices also go up.
 
As always, feel free to call 949 707-4472, or e-mail frankdilauro@cox.net, for our help with making your personal Real Estate decisions

This past weekend, I was reading an article in a column called Marketwatch (Marketwatch.com). In it, a reference was made by a housing analyst that reflects what I have always felt about how and when people buy and sell real estate.  His quote "For people to start buying in larger volume, they need to see home prices go up a bit."  Let me add to that my favorite quote, from a very famous and wealthy real estate investor from the early 20th Century (and also a very famous diplomat), Bernard Baruch.  When asked how me made the decisions that made him so wealthy, his response was, "It is simple, I buy when people want to sell and sell when people want to buy."  How are these related?  Simply put, people do things when everyone else does, which may not be the best times to do them.  According to Mr. Baruch, that's exactly the wrong time!

So, as I've said many times, this is the best time I have seen in my career to buy real estate, either a home or an investment.  Why wait until everyone else is buying, and prices and interest rates are higher?

If this makes sense, or if you would like more information on what your or your family's options are, please either call us, 949 707-4472 or e-mail frankdilauro@cox.net.

What a year this has been!  Thanks to you, we are enjoying one of our best years, ever.  We've had the opportunity to represent longterm clients, their children (and in one case, grand-children), and even their parents.  Plus, we've met so many more people that we never knew before.

We've helped many folks realize a dream and helped others to get relief from a major burden in order to start fresh.  We feel very fortunate to be able to do what we do in Real Estate.

All the best to you and your family for this Holiday Season, and a Happy New Year from our family to yours.

The DiLauro Team

www.frankdilauro.com
e-mail frankdilauro@cox.net
949-707-4472

                These days, the savviest buyers are investors.  Why?  Prices are way down, interest rates historically low, and rents high and going still higher.  For the first time in my 33 years in real estate you can buy a rental property in Southern California with 25% down and positive cash flow.  Even if there is no appreciation in value, your tenant is paying off your mortgage, while providing you income.
                We know, however, from previous depressed markets, that appreciation can ultimately be expected.  Since the 70’s, Orange County has averaged close to 10% annual appreciation. 
                Would you like to know whether real estate investing is right for you?  Just contact us, and we’ll be glad to show you how to take advantage of this opportunity to “Buy when others need to sell.”