Recently it seems like you can't turn on the news or open a newspaper without hearing about the real estate bubble bursting, and the bottom falling out of real estate prices.
Be careful about believing what you hear... things are alive and well here in Orange County. When looking at real estate, ignore all you hear about "national averages"... Orange County is a horse of a different color.
Every week my website updates the chart for Orange County and display the total number of homes on the market and the average days on market for these homes. While averaging under 30 days on the market is definitely a sellers market (like back in 2005), we're still under 90 days on the market for orange County, actually being at an average of 77 days on the market... which is a much more "normal" scenario.
With my chart, you can select a specific city and a specific price range to even more narrow down the chart...
The bottom line: Only believe half of what you see, and none of what you hear. Get the information yourself! :)
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