The problem is that markets go up and they go down. We tend to think that where they are now is where they will be in the near future. History does not support that thinking. So if we could forget the recent economic down turn we see that we produced housing gains of 105 percent in the decade and an annual growth at 7.5 percent.
The 30 year mortgage adveraged 6.3 percent in the in the decade and 8.1 in the previous decade.
Two Decades Perspective Some statistics 1990s vs 2000s:
This decade market report for Mission Viejo and surrounding areas shows that Orange County Median Prices for the resale homes were up 118.8 percent, for new homes it is up 114.8 percent and for resale condos up 115.9 percent, new homes. The sales volume is up for resale homes 6.0 percent and up 44.3 percent on condos and down 28.2 percent for new homes.
Mission Viejo Zip Code 92691 sales prices are up 93.7 percent and the sales volume is down 10.0 percent.
Mission Viejo Zip Code 92692 sales prices are up 97.6 percent and the sales volume is down 25.4 percent.
Aliso Viejo sales prices are up 108.1 percent and the sales volume is down 21.5 percent.
Laguna Niguel sales prices are up 96.8 percent and the sales volume is up 88.9 percent.
Rancho Santa Margarita sales prices are up 94.6 percent and the sales volume is down 11.2 percent.
San Clemente Zip Code 92672 sales prices are up 122.5 percent and the sales volume is down 11.1 percent.
San Clemente Zip Code 92673 sales prices are up 131.0 percent and the sales volume is up 96.4 percent
Tim Lorenz
Instant MLS Listings & Free Market Analysis
"We have actually closed many short sales!"
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Tim Lorenz . Over 40 Years Experience Representing South Orange County Home Buyers, Sellers, Investors and Relocations!
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