When are we going to see growth in property values again?
The answer is NOW! As of July of 2012 the values for most of real estate in Orange County California were on the rise and as of the time I am writing this post they have been moving higher for almost a year! Here are some stats from a few cities in Orange County from May of 2013. I have illustrated the change from May of 2012. Green for an increase and Red for a decrease.
As you can see from the data above prices have been on the rise in Orange county for the last year. Looking at the decreasing number of homes for sale in Newport Beach and most cities you can expect prices to be on the rise for the foreseeable future. What's the basic rule of economics, low supply equals higher demand? Well here in Orange County you can see we have very low supply and with rates near all time lows there is strong demand.
As a first time home buyer, I had tons of questions! David Feldberg was very patient and responsive to my numerous inquiries. He helped me find the perfect place! I would recommend Dave to anyone that is looking to buy a new home. He is very knowledgeable about every aspect of this cumbersome process, which I found to extremely helpful. He walked me through the process every step of the way, and went above and beyond to make sure I was informed and satisfied with my purchase. Crista J