As I’ve talked about time and time again, now is the time to invest in Orange County, California real estate. Property prices continue to drop and interest rates are at record lows. With the number of distressed properties on the market — foreclosures and short sales — snatching up a home or two for investment purposes makes perfect sense. In fact, a recent real estate market report shows that Orange County home prices dropped in November, spurring even more investors into action in the Southern California housing market and motivating others to start investing!
The number of Orange County homes sold last month rose 0.3% from October, which unusual because home sales usually drop month-to-month this time of year. Sales also were up 4.2% from last year’s levels and the median price of a Southern California home fell for a ninth consecutive month, making investing even that much more of an obvious choice for smart investors.
If you don’t believe me that now is the time to invest in Orange County real estate, believe this: Investors or second-home purchasers made up almost 25% of all buyers in Southern California. If you are interested in diversifying or strengthening your portfolio, contact Cheryl Marquis about purchasing an Orange County home for investment purposes.
For more Orange County real estate news, follow Cheryl on Twitter @CherylSellsOC!