house price start dropping in Irvine

I agree.  Especially the higher priced homes have been cutting prices.  Irvine home prices are having a slight correction from Crazy prices to now Expensive prices.  Got way ahead of it self.  Lower end (<$850k) still selling really well though.

I think it will hit the floor this winter and stabilize next housing season (spring of '20).  Don't expect a sharp correction with Fed being dovish and next year being an election year. 
 
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