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April 2012 Orange County Market Stats...

by Ashlie DuCros

April 2012- Orange County Stats

 

April 2012 Orange County Stats: # Of Homes For Sale vs. Homes In Escrow

City:

For Sale:

 In Escrow:

Yorba Linda

194

213

Brea

70

70

Fullerton

201

291

Anaheim Hills

110

134

Newport Coast

114

31

Orange

219

327

Irvine

484

510

Laguna Beach

North Tustin

Anaheim

242

59

297

81

37

538

 

 

For questions please contact me at 714-743-9778 or go to www.ashlieducros.com

 

Buyers are feeling the urgency...Now Good Time to Buy

by Ashlie DuCros

Buyer Urgency Improves, More See Now Good Time to Buy

More home buyers may jump off the sidelines this spring as they get more urgent about purchasing a home, fearing that home price and mortgage rate increases are on the horizon. 

Housing surveys in recent weeks have shown that more Americans are seeing now a great time to purchase a home. In the most recent survey, 73 percent of Americans say now is a good time to buy, according to the latest Fannie Mae Housing Survey conducted in March. That’s up from 70 percent in February who said it was a great time to buy. 

"Conditions are coming together to encourage people to want to buy homes," says Doug Duncan, Fannie Mae’s chief economist. "With an increasing share of consumers expecting higher mortgage rates and home prices over the next 12 months, some may feel that renting is becoming more costly and that home ownership is a more compelling housing choice."

Indeed, more buyer urgency is evident in the market. Thirty-three percent of those surveyed by Fannie say they expect home prices soon to increase, which is the highest percentage in a year. What’s more, nearly 40 percent say they expect mortgage rates to rise in the next year too, which is also up from previous surveys.  

Coupled with that, 48 percent of Americans say they expect rents to continue to climb, and 44 percent say they expect their financial situation to improve in the next year. 

Source: “More Americans Think It’s Time to Buy a Home,” MSN Real Estate (April 9, 2012)

** Get your list of bargain buys now at www.HotOCbuys.com** Contact us today to help you find your home today! 714-743-9778 AshlieDucros.com 

 

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Ashlie DuCros & Associates
Coldwell Banker Previews Global Luxury
21580 Yorba Linda Blvd.
Yorba Linda CA 92887
714-743-9778
Fax: 714-849-5489