In case you've been hiding in a cave for the last few months today's market is a buyer's paradise. Like a kid in a candy store, today's home buyer has a plethora of options to choose from. Here in Orange County, first-time home buyers are dominating the field. In fact, 60% of last months sales attributed to new home owners! Wow! Congratulations on fence diving! ...Of course, staying on the fence to wait might not be the best idea unless you are prepared to miss an opportunity. Prices are at a 5 year low and interest rates are also historically low. It's been a few years since college algebra, but if I recall correctly, 2 plus's equals another plus. On top of all this, the government seems to be contributing their share as well. Once the average California buyer decides that his home is not a piggybank, but moreso a place to hang his hat and build memories, he'll realize that now is a great time to buy. Until then, we might be stuck with many real estate speculators and missed opportunities.
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