U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > California > Orange County
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-09-2012, 02:09 PM
 
33 posts, read 85,227 times
Reputation: 28

Advertisements

I've been tracking housing prices in Aliso Viejo and Laguna Niguel for several years now. I am just amazed at how quickly prices of lower end housing (single family homes in the $300K - 500K) have gone up in a relatively short time.

Most of my tracking has been done via Zillow, as I believe that to be a fairly reliable source. Has anyone else experienced this same phenomenon? If my findings are correct, this area of the country is definitely resurrecting from the great real estate slump.

Now, in case anyone is wondering, the reason why I've been so researching this area is due to my interest in moving there sometime in the next 3-7 years. If prices continue rising at such fast clip, affordability will prevent me from making such move.

If anyone cares to share their opinions on my findings, please do so.

~ Sammy
Reply With Quote Quick reply to this message

 
Old 08-09-2012, 07:56 PM
 
Location: RSM
5,113 posts, read 17,462,901 times
Reputation: 1892
The low end housing everywhere is being bought by cash investors, not people, in my experience. I've looked at houses in Temecula and parts of OC at the low end and if the property is any good it's got a full cash offer on the table.
Reply With Quote Quick reply to this message
 
Old 08-09-2012, 08:01 PM
 
Location: San Francisco Bay Area
12,594 posts, read 15,058,526 times
Reputation: 12134
We are seeing a similar phenomenon here in some neighborhoods in the Bay Area. Hard to tell right now if it's a long term trend statewide.
Reply With Quote Quick reply to this message
 
Old 08-10-2012, 05:40 AM
 
Location: Everywhere and Nowhere
14,131 posts, read 27,091,992 times
Reputation: 6826
There are a lot people sitting on a lot of cash yielding low returns elsewhere. They may as well put that money into something with pretty good future prospects.

Prices will also increase as more borrrowers find it easier to obtain financing at attractive rates. Homes were underpriced and are now returning to normal levels relative to the incomes of homebuyers. This should be followed by increases in new home construction and a healthy economy. Nothing wrong with that.
Reply With Quote Quick reply to this message
 
Old 08-16-2012, 05:31 PM
 
619 posts, read 1,946,763 times
Reputation: 259
Quote:
Originally Posted by sammy1224 View Post
I've been tracking housing prices in Aliso Viejo and Laguna Niguel for several years now. I am just amazed at how quickly prices of lower end housing (single family homes in the $300K - 500K) have gone up in a relatively short time.

Most of my tracking has been done via Zillow, as I believe that to be a fairly reliable source. Has anyone else experienced this same phenomenon? If my findings are correct, this area of the country is definitely resurrecting from the great real estate slump.

Now, in case anyone is wondering, the reason why I've been so researching this area is due to my interest in moving there sometime in the next 3-7 years. If prices continue rising at such fast clip, affordability will prevent me from making such move.

If anyone cares to share their opinions on my findings, please do so.

~ Sammy
Prices WILL go up close to about 2006 levels in 7 years. The trend is showing that already. Too bad you cannot buy now. OC is a very desirable place to live no mater what the economy does. Always enough ppl affording these way above the national average prices. Supply small and high demand.
Reply With Quote Quick reply to this message
 
Old 08-16-2012, 05:37 PM
 
Location: Deep Inside Goldman Sachs' Sphincter
240 posts, read 517,151 times
Reputation: 246
Quote:
Originally Posted by sammy1224 View Post
I am just amazed at how quickly prices of lower end housing (single family homes in the $300K - 500K) have gone up in a relatively short time.
I'm simply amazed that you're amazed. Clearly, despite all your efforts to track the market & stay informed, you've failed to correctly gauge the massive real estate market MANIPULATION that is currently underway. I really don't have the time to enlighten the slower students anymore ..here ...get yourself a healthy heapin' helpin' of REALITY:

Future house prices, "It's up to the banks, stupid." OC Housing News
Reply With Quote Quick reply to this message
 
Old 08-16-2012, 06:27 PM
 
80 posts, read 137,640 times
Reputation: 47
Yup, the market is getting manipulated but I really see prices just staying flat (at least in the low end) because of that fact. Banks don't make a lot of money by being stupid. It's like tails they win, heads they win.
Reply With Quote Quick reply to this message
 
Old 08-16-2012, 06:30 PM
 
11,715 posts, read 35,966,236 times
Reputation: 7512
Quote:
Originally Posted by Lallo View Post
Yup, the market is getting manipulated but I really see prices just staying flat (at least in the low end) because of that fact. Banks don't make a lot of money by being stupid. It's like tails they win, heads they win.
It worked well enough from 2000 to 2006.
Reply With Quote Quick reply to this message
 
Old 12-05-2012, 07:40 AM
 
Location: Las Flores, Orange County, CA
26,346 posts, read 83,008,856 times
Reputation: 17516
Home prices show biggest jump in 6 years in October - latimes.com

O.C. home median price jumps 9.7% | orange, price, median - The Orange County Register
Reply With Quote Quick reply to this message
 
Old 12-05-2012, 11:25 AM
 
Location: Whittier, CA
494 posts, read 1,604,902 times
Reputation: 452
Quote:
Originally Posted by sammy1224 View Post
I've been tracking housing prices in Aliso Viejo and Laguna Niguel for several years now. I am just amazed at how quickly prices of lower end housing (single family homes in the $300K - 500K) have gone up in a relatively short time.

Most of my tracking has been done via Zillow, as I believe that to be a fairly reliable source. Has anyone else experienced this same phenomenon? If my findings are correct, this area of the country is definitely resurrecting from the great real estate slump.

Now, in case anyone is wondering, the reason why I've been so researching this area is due to my interest in moving there sometime in the next 3-7 years. If prices continue rising at such fast clip, affordability will prevent me from making such move.

If anyone cares to share their opinions on my findings, please do so.

~ Sammy
Speculation and mania due to low interest rates and inventory causing a bubble and we all know how those end. They say people have short memories when it comes to greed and history repeats itself and we are seeing the proof of that right now. Just like the last time our government is aiding and abetting this hugely irresponsible behavior and of course the real estate professionals are having a field day with it chanting that the market is going to infinity just like they did in the previous boom.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > California > Orange County
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2019, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top