South OC real estate made multiple headlines recently on the OC Register real estate blogs. First, Jon Lansner reports how the top five "hottest" mini markets are in South OC.
By "hot," the report refers to Steve Thomas' market time calculation. Thomas says that Ladera Ranch, Lake Forest, Portola Hills, Aliso Viejo and RSM - in that order - have the highest amount of demand relative to supply of homes for sale in OC.
We also know thanks to the excellent Mortgage Insider Blog, here are the top 6 areas with the highest percentage of distressed sales relative to total properties on the market: RSM, Anaheim, Portola Hills, Santa Ana, La Habra, Aliso Viejo.
What does it mean? It means there are demand for lower-priced properties in these areas because there are some there. It also means there are many more borrowers in trouble in these areas who may or may not be able to keep their homes. If not, then we wouldn't be surprised if there were enough buyers lining up to absorb the properties (read: first-time buyers and investors leading the charge to purchase livable properties at a discount relative to bubble prices) and push them through the system.
Monday, November 30, 2009
Back and forth
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2 comments:
Clever points you've emphasized here. It's one great place to live in. Thanks for sharing this and I wish you success in real estate business. Good luck.
Steven Thomas = IDIOT
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