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Laguna Hills Home Inventories Down 30% in March

By
Real Estate Agent with Keller Williams Realty 00998118

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/

Comments (2)

Shannon Ziccardi
"A Quick Note" ...in Tennessee! - Clarksville, TN
"A Quick Note" Mobile Notary ...in Tennessee!

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"

Apr 02, 2008 11:33 AM
Rick Belben
Belben Realty Group - Orlando, FL
Orlando Real Estate - Belben Realty Group
Looks like your market is starting to turnn around.
Apr 02, 2008 12:56 PM