Today, I’d like to share with you the confidence that I have in the Orange County real estate market. I firmly believe that there are opportunities available now that, quite frankly, don’t come around very often.

It is true that the recent unpredictable nature of the stock market has caused a decrease in consumer confidence. However, pull back and adjustment in various real estate price ranges is due more to the buying opportunities offered because of low interest rates than it is to changes of direction in the stock market. The reduction in the 10-year bond has moved mortgage rates down almost 1 percent, which equates to an overall reduction in value of about 10.4 percent in leverage.

For example, a house priced at $500,000 purchased with essentially the same down payment is now being purchased for $448,000 based upon its payment. Although the price may not have come down, the reduction of interest has brought the payment equal to buying the house at $448,000. This works in a similar fashion for new home sales. Even though new home construction is still in its recovery stage, the Orange County new home market shows a significant surge in sales, up 56 percent—the highest increase in two years.1

Opportunity is knocking loudly for the move-up buyer, new homeowner and the investor. Let Coldwell Banker Residential Brokerage assist you in finding your next home or investment. Our agents have the confidence and experience to guide you through this ever changing market. Visit www.OCViewOnline.com and www.CaMoves.com to find an agent and to browse our fine properties for sale.

1 “O.C. buyers grab 56% more new homes.” OCRegister.com, June 2, 2010. http://tiny.cc/axjr4.

As residents of Orange County, we enter into the summer months with the excitement of beautiful weather, pool parties, barbeques, beach trips and summer vacations. It is also the perfect time to concentrate a portion of that healthy energy by planning on your future in Orange County real estate ownership. The Orange County real estate market continues to improve and show stability in 2010. That’s why we at Coldwell Banker are looking forward to a summer of positivity.

Variances city to city in Orange County have created some concern over pricing fluctuations. However, Orange County is still 6 percent as a county higher than March 2009, the largest increase since September 2006.1 Orange County’s inventory is a wealth of properties—whether it’s a first home, vacation home, or investment property, the summer months will surely see unit movement by savvy and ambitious buyers. Buyers should note that our county is still one of the most desirable in Southern California and is one of the smartest real estate choices. The 2010 1st quarter ending median home price in Orange County was $487,000, nearly 3 times that of the nationwide median price. The median price also ranks in the top 5 median prices nationwide.2

Coldwell Banker has the established brand strength and world-class resources to offer a level of service unmatched in the industry. Visit www.OCViewOnline.com and www.CaMoves.com today to search our fine properties and find any one of our experienced real estate professionals. In addition, don’t forget to ask about the California Homebuyer Buyer Tax Credit on the purchase of new or existing homes between May 1, 2010 and July 31, 2010.

1 “LA/OC home price takes back-to-back dip.” OCRegister.com May 25th.

http://lansner.freedomblogging.com/2010/05/25/laoc-home-price-takes-back-to-back-dip/66787/

2 Realtor.org

http://www.realtor.org/wps/wcm/connect/497de980426de7ccb96eff03cc9fa30a/REL10Q1T_rev.pdf?MOD=AJPERES&CACHEID=497de980426de7ccb96eff03cc9fa30a