Comments on: More Home Bargains Are On Orange County’s Horizon

By: Talyssa

Talyssa — Mon, 13 Oct 2008 23:58:29 +0000

woohoo! I know people are losing their homes, but they will find a place to live (maybe they’ll have to rent like I’ve been) and in the meantime housing prices MUST correct in OC. In fact I believe we’re due for a slight overcorrection as a largeish chunk of the population is coming out of this crisis with lousy credit — and another largish chunk just has not so great credit regardless.

I went househunting this weekend and I REALLY need to see news like this after that. We see places we like that we could actually afford… but why catch a falling knife?

By: Kimberly

Kimberly — Fri, 10 Oct 2008 17:33:28 +0000

The Orange County Realtor that I work with has shown me this same information. As a buyer I think this is great and I know that she’s going to help my wife and I find a great first home. As these homes become more affordable more people will start buying homes again. I don’t think the market’s hit that sweet spot yet but it’s getting close.

By: ellem

ellem — Fri, 10 Oct 2008 11:24:22 +0000

We’re grimly watching events unfold in the US from our vantage point overseas . . . yet, filled w/ an optimistic sense of hopefulness, continue to save our money because for every “family forced out of their home” there is another family who will do their research and make sure they can actually afford what they are buying . . . .

By: BH in HB

BH in HB — Thu, 09 Oct 2008 22:43:27 +0000

No one is selling unless they have to. It is either a distressed sale, or a sale caused by job change, death, relocation, etc. Those who do not have to sale tend to keep the property as their personal residence or as a rental. Many properties that are not selling are hitting the rental market.

By: Max D.

Max D. — Thu, 09 Oct 2008 22:11:34 +0000

“Three-quarters of all homes for sale in Santa Ana and Anaheim are distressed? That’s a huge number.”

Huge number? Yes. Surprising? No, considering the population of Santa Ana and Anaheim. It’s a microcosm of what went wrong with the mortgage-lending industry.