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awgee, please forgive me if you feel my post was attacking your views. I am in no mood of arguing with anyone and have no intention to do so. I understand there are difference in opinions and I respect your expertise.

1.4 million home in Woodbury in 2009? Woodbury is nice, but nothing unique in my opinion. And this house was in escrow 2 weeks after it was listed? There are people willing to pay big money for the houses they want. I think you have to question how in the world Irvine houses will drop more than...

http://www.redfin.com/CA/Irvine/57-Eaglecreek-92618/home/4746621 I can understand the owner may be on drugs. But Todd Muradian agrees to list this house? I hope it's a price mistake.

With the low inventory now, it is hard to get a "bargain" price on houses in Irvine. I still think if you can wait till the end of the year, things will open up. There are really buyers out there that can afford and willing to buy now even though they know the prices has a couple of years to...

Cherry, I think you have heard or read enough and there is a one word advice, patience. I agree. I hope to see a widespread drop in the Irvine housing market by the end of this year and unlikely anytime sooner. You will hopefully start to smile with more options by this time next year, even...

I can tell the economy is still rough.

I see your frustration. we were at an open house a little more than a month ago when the agent told us they have multiple offers on hand. It went into escrow a few days later and less than a week on the market. It ended up selling over $350/sq ft. Unfortunatley, I think this happens more often...

PANDA is back in full force (or is it Hyen?). Anyway, I would like to know when the housing prices is going to quadruple from now? I just want to have a house that I can live in comfortably. Anyone thinking of buying a house and hope the value will go up exponentially like the bubble years is...