“ECONOMIST SEES SIGN OF ACTIVITY”

“ECONOMIST SEES SIGN OF ACTIVITY”

  • Housing starts up 19% from the pace over the prior 12 months
  • At current pace, apartment construction in 2012 would be highest since 2005
  • National Association of Realtors February confidence index at highest level since survey began in 2008


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“FORECAST SAYS RENTS WILL RISE FOR 2 YEARS”

“FORECAST SAYS RENTS WILL RISE FOR 2 YEARS”

Renters, beware! Landlords will have the upper hand in the pricing game for the next 2 years. Rents are to rise 5.1% over the next 2 years

“BEST HOUSING MARKET SINCE 2005, NUMBERS SHOW”

“BEST HOUSING MARKET SINCE 2005, NUMBERS SHOW”

Orange County is seeing its best housing market since the final days of the housing boom in 2005, with the number of homes for sale at their lowest level in nearly seven years and the number of sales contracts in progress at their second-highest level in that period.

The “market time” or the time it would take to sell all 6,615 listings at the current sales pace, fell to 52 days. That’s the shortest market time since August 2005

As this scenario drags on, it will only be a matter of time before prices start to really rise again.

If you are a buyer stepping into the market, it feels like 2004 and 2005