Video Thought For The Day...

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Hello

My name is Dave Osborne. I am a real estate broker in Orange County California. Our company has been offering the website, theOCmls.com for many years now. As it has always been, it is our free gift for you to use, with no hassles or no obligations whatsoever.

I just wanted to take a few minutes today to discuss what’s been going on in the OC Real estate market recently. I could bore you with a ton of statistics, but more importantly, I just wanted to express to you in my words and my opinion, what is happening today.

The fact is, we live in a new world, not just in real estate terms, but how both business and our personal lives are conducted everyday. There is so much information (and misinformation) available at our finger tips today, and such a need for instant gratification, that the finer details are often over looked. You may have heard the phrase the devil is in the details. I can tell you from experience, not too many people want to dance with the devil.

It is so easy to read headlines and listen to the doom and gloom of news programs. It is far easier than getting into what the real story is. I know you have lives outside of real estate and don’t necessarily care to get into the day to day intricacies of the market. That's my purpose for being here and for this blog. So, that being said, I feel it is now officially safe to say we are in the midst of a real, real estate crunch. No big surprise there…right? In many areas, foreclosures are at an all time high. On a nationwide average, 1 out of every 400 homes is in foreclosure. Many more are expected to follow. But did you know in certain parts of Orange County, real estate values are still higher than the "top" of the market 2 years ago. A perfect example is Rossmoor, Rossmoor is a wonderful community in Los Alamitos with excellent schools. At the end of the year 2005, the average home sales price in Rossmoor was $893K, as of December 2007, it trended upwards 9.4% to $977K. Home price increases of almost 5% annually in a depressed market??? Who would have guessed it. I don’t have a crystal ball and so I can’t speak for year end 2008. Maybe it will be another 5% increase, maybe it will be a 20% decrease. Who knows, the point I am trying to make is that the market conditions today vary greatly depending on where you live or where you may want to live. Blanket statistics that apply to the nation as a whole do not typically apply to Orange County. For good, accurate information, check back here or better yet give me a call at 714-349-5454 or email me at DaveO@theOCmls.com. I’ll be happy to let you what is really going on in your neighborhood!

Thanks for giving me a few minutes of your time. I look forward to chatting with you again soon. Bye for now.