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Laguna Niguel, California More Positive and Negative News From A Mission Viejo Realtor

By
Real Estate Agent with TIM LORENZ - Elite Home Sales Team DRE# 00919781

Positive news in the The Orange County Register today indicates that Orange County, CA is again showing an increase in sales volume 43.6% from the past year.  Also the median price has increased $15,000 in the last month.  All good news.  If you are a first time buyer or your are an individual looking to purchase a home or an investment it is a great time.  Interest rates are down and the property prices are down.

However, if you own a home the values continue to drop.  Resale prices on a single family home have dropped 24.3% and foreclosures are up 22.5%.  So the bleeding has not stopped on the value of the property you currently own.  Thus the bad news.

If you find yourself in a bad situation and are not sure what to do contact me and I will see if I can help you.

Comments (1)

Falls Crossing
William Ryan Homes - Grafton, WI

At least there is positive side....thanks for sharing!

Apr 23, 2009 06:02 AM