The Difference an Hour Will Make This Fall
Every Hour in the U.S. Housing Market:
- 614 Homes Are Sold
- 95 Homes Regain Positive Equity
- Median Home Values Go Up $1.38
These articles focus on Orange County, CA Real Estate including Orange County, CA Homes For Sale, and average home prices in Orange County, CA.
This past week home loan rates ticked up, yet remain just above 3-year lows.
Here are 3 reasons why:
No one knows for sure when the next recession will occur. What is known, however, is that the upcoming economic slowdown will not be caused by a housing market crash, as was the case in 2008. There are those who disagree and are comparing today’s real estate market to the market in 2005-2006, which preceded the crash. In many ways, however, the market is very different now. Here are three suppositions being put forward by some, and why they don’t hold up.
A critical warning sign last time was the surging gap between the growth in home prices and household income. Today, home values have also outpaced wage gains. As in 2006, a lack of affordability will kill the market.
The “gap” between wages and…
Huntington Beach Oktoberfest Through Nov. 3
Every Wednesday through Sunday. Sample Imported German Beers and food. Guests can also enter the Beer Drinking & Stein Holding Contests, and of course do the Chicken Dance! Wednesday through Saturday are adult nights & Sundays are family day with Dachshund Races.
Time/Place: Old World Festival Hall
Contact: 714-696-TAP1 / www.oldworld.ws
Haunt at Heritage Hill Oct. 1-12
The park will once again transform into a haunted adventure with scream zones, music, and game booths. Costumes encouraged, but no masks or face paint will be permitted to enter the event.