Irvine Housing Market & Possible double dip recession

[fishfinder333]

Hi guys,

With a lot of government stimulus ending or have ended, continued weak job market, financial turmoil in europeon markets im thinking we are headed for a possible double dip recession.  If this does occur how do you think Irvine housing will fair? It seems like Irvine housing market is unique and it tends to be resistent to typical market trends. Do you think prices will fall and will all the new homes in the pipeline to be built do you think there will be a surplus in supply?

 

[Irvine2Irvine]

If there's a double dip, I think Irvine will fall in price, but not as much as other cities just like last time around.  As far as new houses in the pipeline, TIC will just stop building.  It's even easier than last time, because TIC is going to be the builder.

 

[irvinerealtor]

Here's the most recent Case-Shiller graph for OC for those who haven't viewed it:

http://irvinerealtorsite.com/CaseShillerIndex.xls

I'm standing even further away from making value direction predictions right now.
But I did download a "magic 8-ball" app for my droid, in case clients still want to ask.

 

[irvinehomeowner]

For Kahleefoneya... don't we still have to wait for Ahnuld-Relief to run out?