As of April 2nd, 2008 according to the Multiple Listing Service (MLS) the total number of active listings in Laguna Hills totaled 202 homes (condos, townhomes and single family homes).  This is down 73 homes from February 2008 with a total of 275 homes on the market.  We have seen a nice pick up in Orange County home sales in February and March of 2008.

The inventory numbers are holding steady which is a good sign for the market.  The FED cut interest rates by .75 basis points in March.  This will help keep interest rates fairly low as the bond market decides what to do next.  The new conforming loan limits were announced in March.  The new conforming loan limit is now $729,750.  This will definitely help buyers and sellers in the Orange County housing market.  The former conforming rate was $417,000 which was well below the median priced home of $530,000.

For more great Orange County market insight and industry news visit Laguna Niguel Real Estate or view the Orange County Market Trends at Orange County Real Estate.  

Listen to Zen's Laguna Niguel Real Estate Podcast available 24/7.

SEARCH ORANGE COUNTY'S BEST HOMES at http://www.ocdreamhomesandland.com/

 

2 Comments on Laguna Hills Home Inventories Down 30% in March

One thing you have to love about our area Zen,  we may have been one of the first areas to "tank", but we will also I believe, be one of the first to rebound.  Keep me in mind if you need a (Local-Lake Forest based) Notary Signing Agent!

"A Quick Note"

04/02/2008 06:33 PM by Shannon Ziccardi ("A Quick Note")


Leave a response…

Name:
Notify me of new comments:
Comment:
What does the graphic say?
 
Real Estate Agent: Zen Ziejewski (Prudential California Realty)
Zen Ziejewski
Laguna Niguel, CA
More about me…
Prudential California Realty

Office Phone: (949) 425-4000 Ext.: 262
Cell Phone: (949) 922-2200
Email Me
My goal is to provide you with the most current real estate news, events, and statistics that effect the Orange County Real Estate Market.

Links

Tags (Tag Cloud)

Archives

RSS 2.0 Feed for this blog
ATOM 1.0 Feed for this blog

Find CA real estate agents and Laguna Niguel real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved