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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory
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From: UncleBigs2/2/2006 5:24:56 PM
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I just had my Orange County real estate market check with First Team via their online help feature. You can go to Firstteam.com to check it out. I closed out the dialogue window by mistake but here is what I was told:

1. There is no real estate bubble in Southern California. The bubble is a myth (her words). Obviously these people are well trained to tackle the bubble concerns because I've gotten the "myth" word for a few different people.

2. Prices are expected to rise by 18% in 2006.

3. She admits sales have slowed but "it's always slow in January".

4. She recommends visiting as soon as possible because more people will be out looking for a home in February.

5. Claims inventory is extremely low because nobody is selling and many people are using their equity to buy rental houses.

6. The "fix and flip" speculators are only in the $600k range and shouldn't be a concern for me.

So there you have it. No real estate bubble in Southern California.
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