Laguna Niguel, California More Positive and Negative News From A Mission Viejo Realtor

Positive news in the The Orange County Register today indicates that Orange County, CA is again showing an increase in sales volume 43.6% from the past year. Also the median price has increased $15,000 in the last month. All good news. If you are a first time buyer or your are an individual looking to purchase a home or an investment it is a great time. Interest rates are down and the property prices are down.

However, if you own a home the values continue to drop. Resale prices on a single family home have dropped 24.3% and foreclosures are up 22.5%. So the bleeding has not stopped on the value of the property you currently own. Thus the bad news.

If you find yourself in a bad situation and are not sure what to do contact me and I will see if I can help you.