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Orange County Homes Are Too Low in Price ~ One Real Estate Analyst Says

Are Orange County, California, homes too low in price? Real estate analyst at IHS Global Insight, says so.

IHS Global based this upon mathmatical and economy formula and found that Orange County homes were priced 10.6% too low ~ second quarter 2009.

IHS Global Insight said that it uses formula with regional real estate and economic data, blending selling prices, incomes and interest rates.

See Jon Lansner article, Orange County Register ~ OC Homes Seen Too Low in Price (click here).

I don't know whether this news and particular economy formula has signficant value other than to consider historical perspective and compare to current sold prices. But the position taken on Orange County home prices is interesting.

Are Orange County, California, homes too low in price? Some buyers think so. Our Orange County home selling market at $500K and under is very hot.

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Contact us if you have questions about Orange County homes and Real Estate Market. Thanks. Harrison K. Long, Explore Group, Coldwell Banker Previews, Irvine, CA.

Posted by Harrison K. Long, REALTOR, Broker, expert negotiator on 09/10/2009 01:35 PM

Comments (2)

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2 Comments on Orange County Homes Are Too Low in Price ~ One Real Estate Analyst Says

SEP

Real estate is no different than the stock market when large cycles are in progress. When they rise too far, they drop too low and eventually come to fair market value. Just like the stocks market - when the media starts says the bottom is in prices are up 20%.

John ... Thanks for your comment. It's true that there are cycles in real estate that are similar to the stock market. When prices drop too low, which is probably the case here at Orange County for homes under $500k, they will return up to real value.

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