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Expect more inventory coming in 3-6 months in Irvine due to Chinese FCBs are cashing out on their rentals. The realtors who helped them purchased the homes are urging their buyers to sell NOW before market crash. They also suggested their clients should put money on a CD to earn 4% interest.

Irvine Real Estate prices won?t drop due to its location? Lol The real estate market in the Bay Area is down 10-15% from the peak so far.  Considering Average household income is $300k-$400k in the Bay Area vs $200k here in OC? China Economy is in big problem due to its real estate market is...

Average New Home Price, biggest drop since 2008. If you don?t see it NOW, you will see it in 6-12 months.https://fred.stlouisfed.org/graph?graph_id=909485

Treasury Secretary Janet Yellen said Thursday the U.S. economy is in a state of transition, not recession, despite two consecutive quarters of negative growth.  The best way to avoid a recession is to simply change the definition of a recession.

This time is NOT similar to the 70~80s. The inflation lasted for a few years due to Federal Reserve didn?t raise Federal funds rate aggressively until Volcker stepped in.  What ended 80s inflation? Volcker raised the Federal funds rate from averaged 11.2% to 20% in 2 years.  81-82 recession was...

Apparently, they want to get rid of 114 first at Bluffs.  Reserved is not ?SOLD?.  Sold is not ?CLOSED?.  If more resale homes are back to the market, expect more new homes back to the market as well. 

Hey Dummy Bear96, did you call the sales lady why she lied to you.  how come there were buyers on the wait list but didn?t wanted to buy the one being listed on the MLS - 114 Tall Reed? Lol

Don?t expect more people are moving down to Irvine from the Bay Area.  Apple/Google is asking all employees to work at the office min 2 days a week.  Recession is coming, employees prefer to hand out with their managers and make sure their jobs are safe.  2nd tier tech companies are laying off...

See what the federal reserve said.  Don?t fight the Fed!!https://fortune.com/2022/06/16/housing-market-reset-federal-reserve-could-see-home-prices-fall/ Keep in mind 50% houses in Irvine are rentals. It makes no sense for landlords to keep the rentals if home prices are falling.  Many China...

Move in ready homes are available at Eastwood  & Orchard hills $2.1M.  Anyone interested?  More to come.

I must be insane if I trust what a salesperson said?.

Lol! Calbear is upset as he bought at the peak and don?t want to cancel and lose his $40k deposit.  We will find out how many move in ready homes are available in August as end of July is builder?s semi annual sales cutoff. Builder doesn?t want  to release those move in ready homes until all...

More Highland & Bluffs buyers backed out from their contracts recently on July move in homes.  Inventory will skyrocket on both new homes and resales once 3 new communities open in Portola springs.

Chinese FCBs are selling in a hurry.  Look at this one: 112 Fairhaven Irvine, $90K price dropped after 2 weeks.  Expect more price drops to come on other listings.

Thinking Irvine won?t drop much was like thinking AAPL and TSLA not going to drop much.  AAPL and TSLA down about 25% and 40% respectively this year?

April new home sales fell 16.6% https://www.politico.com/news/2022/05/24/sales-of-new-homes-plunge-in-april-00034708

What?s going on with the resale market? Either price drop or back on market? 6 Duskywing 166 Tribeca 87 Strawberry 15 Courant 58 Clocktower

What?s going on with the listings below? Either price drop or back on market? 6 Duskywing 166 Tribeca 87 Strawberry 15 Courant 58 Clocktower

What?s going on with the listings below? Either price drop or back on market? 6 Duskywing 166 Tribeca 87 Strawberry 15 Courant 58 Clocktower

Ready to Downsize, This is from today!! More rate hikes coming!! Enjoy!  Lolhttps://news.yahoo.com/fed-chair-powell-says-double-182652403.html