Monday, June 25, 2012
HOMEBUYERS SPRINGING TO LIFE?
It's true! Anything under $700,000 is flying off the shelves. Agents can't keep enough properties listed to meet the demand. Home sales for the 22 business days ending April 17th (all of April is not yet available), showed total resale houses sold at 1,916 for Orange County, up 16.1% from 2011. Condominium volume was up nearly 12%. One zip code in the city of Orange was up 37%, one in San Clemente up 83%. With interest rates hovering around 4% or even a tad lower, and housing at its bottom for likely this century, it's easy to see why the buyers are out for a spring buying fling!
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