Author Topic: Irvine market in 2010!!!!  (Read 10383 times)

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Offline biscuitninja

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Irvine market in 2010!!!!
« Reply #30 on: December 12, 2009, 01:11:00 PM »
If anything it is my belief we will see both interest rates and taxes going up (taxes more than interest rate).  Kinda the monster feeding on its own tail because the villagers were insufficent.

I wonder if the banks are going to keep riding the credit cruch and squeeze each and every creditee.... not just squeeze, but pulverize.  Anyways good luck

-bix

Offline trrenter

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Irvine market in 2010!!!!
« Reply #31 on: December 15, 2009, 10:46:00 AM »
http://realestate.msn.com/article.aspx?cp-documentid=22780195

The housing picture is complex ? and frightening. House prices have plunged 30%, on average, from their 2006 peak. But from 2000 to 2006, average prices nearly doubled. That means average house prices are still almost 40% higher than they were a decade ago. Forty percent is a healthy increase ? even in a robust economy.

Offline octrends

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Irvine market in 2010!!!!
« Reply #32 on: December 15, 2009, 05:53:00 PM »
Housing outlook for the next year.

http://money.cnn.com/2009/12/08/real_estate/housing_outlook.fortune/index.htm

LA is expected to go down by 19%, Riverside by 18%, no mention of Irvine/OC though
« Last Edit: December 15, 2009, 05:55:00 PM by Anonymous »

Offline Cubic Zirconia

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Irvine market in 2010!!!!
« Reply #33 on: December 15, 2009, 06:04:00 PM »
My neighbors sold their house for a good price. Actually a good 80k above what we paid last year for our house which is similar. You never know! I was surprised. (and happy too)
I framed the pre-qualification letter and posted it at a conspicuous place under adequate lighting so that a guest with normal vision can see it and express substantial jealousy.

Offline USCTrojanCPA

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Irvine market in 2010!!!!
« Reply #34 on: December 15, 2009, 07:37:00 PM »
Quote from: "Cubic Zirconia"
My neighbors sold their house for a good price. Actually a good 80k above what we paid last year for our house which is similar. You never know! I was surprised. (and happy too)

With such a low lack of inventory, it is a great time to sell (particularly 3+ bedroom detached condos and SFRs) in Irvine especially if you don't plan on owning a home for at least the next 5+ years.
Martin Mania, CPA
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Offline Cubic Zirconia

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Irvine market in 2010!!!!
« Reply #35 on: December 16, 2009, 10:57:00 AM »
True. That is the reason people are just buying I think. The long will just be too looong.. and then there is a possibility that 3 bed/2.5 bath houses might not fall that much after all in Irvine.
I framed the pre-qualification letter and posted it at a conspicuous place under adequate lighting so that a guest with normal vision can see it and express substantial jealousy.

Offline davenlei

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Irvine market in 2010!!!!
« Reply #36 on: December 18, 2009, 05:14:00 PM »
Quote from: "USCTrojanCPA"
Quote from: "Cubic Zirconia"
My neighbors sold their house for a good price. Actually a good 80k above what we paid last year for our house which is similar. You never know! I was surprised. (and happy too)
With such a low lack of inventory, it is a great time to sell (particularly 3+ bedroom detached condos and SFRs) in Irvine especially if you don't plan on owning a home for at least the next 5+ years.


I agree.  I sold my house in Irvine earlier this year (3 Bed, 3 Bath SFR built in 1987) for around $416 a sq. ft.

Offline peteruk

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Irvine market in 2010!!!!
« Reply #37 on: December 18, 2009, 08:47:00 PM »
I was overhearing a Lady at the Coffee shop a couple of weeks ago who was talking really loud on her cell, she said something like "We are going to look at another House today, we missed the last four, you have to be really quick and see them as soon as they come on the market otherwise they're gone"

Offline USCTrojanCPA

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Irvine market in 2010!!!!
« Reply #38 on: December 18, 2009, 09:33:00 PM »
Quote from: "peteruk"
I was overhearing a Lady at the Coffee shop a couple of weeks ago who was talking really loud on her cell, she said something like "We are going to look at another House today, we missed the last four, you have to be really quick and see them as soon as they come on the market otherwise they're gone"

That's exactly how of my Irvine buyers are...as soon as something hits the market that fits what they are looking for we go see it (many times even the same day).
Martin Mania, CPA
AgencyOne
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CA CPA License # 107675
mmania001@yahoo.com
714-747-3884 cell

Often imitated....Never duplicated!

 

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