Orange County. California saw the completion of 3,148 purchases last month — up 40.5% vs. the previous year and the busiest October since 2005, according to DataQuick.
The median selling price came in at $455,000 — that is 12.3% higher than a year earlier and the highest price for any month in four years.
We are on the edge of a major new Fed manipulated boom in housing prices. If the Fed keeps printing, the boom will continue to roll on. If you have been considering buying a house, now is the time to do it to lock in the current prices and the very low interest rates.