The Secret's Out!
May 09, 2012 in Homeowner . 0 Comment
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.

