Tuesday, November 13, 2012

Orange County, CA Homebuying Jumps 40% to 7-Year High

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.

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