My New Blog

If you read the papers, you'll get mostly a doom and gloom outlook...and rightly so.  Unemployment, along with other economic news, is dismal to discouraging.  So how can you explain an increasing, an UP, real estate market in a large segment? 

Where is this up market?  In Orange County and parts of Riverside and San Bernardino Counties, its clearly under $600K and it gets hotter the closer you get to the $300K and $400K range.  Its fueled, in my opinion, by two sources.  The first, and foremost, is the first time home buyer motivated by the $8K federal tax credit--a juicy offer that expires as of November 30, 2009.  The second is investors, fueled by low interest rates, increased affordability and available renters. 

If you are a first time home buyer, get looking!  You must close escrow by November 30, 2009.  If you are investor and would like an analysis of available properties and rents for one to four unit properties, just let me know.

If you have any other real estate questions, send me an email at johnsonlaw@sbcglobal.net or give me a call at 714 863-5485.  -m