With all the trouble in the market right now, I get asked all the time should I buy or rent in Newport Beach right now? My personal opinion is yes, what a great time to buy, if you can afford it. We have had record lows with interest rates, the prices on homes have come down significantly, and rents are only going up and continue to go up over the next five years at least! Take advantage of the foreclosures in Newport Beach and let the banks take the hit and let your … (1 comments)
property: Buy now or wait for new construction
- 10/03/11 09:23 AM
INFO THAT HITS US WHERE WE LIVE...Oneresult we care a lot about is a turnaround for new homes. Wehaven't attained it quite yet, with New Home Sales down 2.3% in August,at a 295,000 annual rate. This keeps them in the territorythey've occupied since May 2010, but there were some good signs inthe report. The inventory of new homes for sale fell to its lowestlevel on record. At the same time, the inventory of homes not yet startedwent up the most it has in nearly five years. Some economists say this may indicate home building is close toturning back up. The FHFA … (0 comments)
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