You may have noticed that the housing market in Orange County is hot hot hot.
It’s so hot, in fact, that in some areas of Orange County, it’s near the pre-recession peak.
These rising prices may have you wondering: Is there an end in sight?
And while I certainly can’t predict the future (if I could, I wouldn’t be writing this right now—I’d be sipping some wine on the Cote d’Azur), a new report suggests that the housing market may level off by the end of 2015.
“Home prices in Los Angeles and Orange County will barely budge higher in the second half of the year, according to a new forecast from property watchers Clear Capital,” writes Jonathan Lansner of the Orange County Register.
What does this mean for you? If you’re a homeowner who’s on the fence about selling your property, it could be a great time to sell.
This data is especially important for anyone who owns rental or vacation property. Instead of continuing to deal with the headache of tenants and ongoing maintenance, why not cash out on the equity you’ve earned?
Indeed, if you own a rental or vacation condo, now may be a great time to jump into the housing market, with Orange County condo sales “running 26 percent above year-ago levels as of early June,” according to a recent report in the Orange County Register.
So if you can’t decide whether or not you’d like to sell your home, please feel free to give me a call anytime at (714) 348-4000 or email me at email@example.com.