needs to be asked every year...what are the indications for 2017?

NEW -> Contingent Buyer Assistance Program
Interest rates have already started coming down from their recent highs as market realizes a lot of what Trump is saying is just bluster -- actual legislation is far from a done deal  and will be protracted etc.  Killing TPP etc is just symbolic stuff (you can't break a treaty that you haven't even signed yet) .  The rich GOP donor class really wants tax cuts (and repeal of estate tax) which is what really has a chance of getting done, IMO. 

How does this relate to real estate in Irvine -- well , one can be patient and wait for a selloff , but even if there is one, it will be shallow and a selloff just means one may be able to get the home they really want without engaging in a bidding war as premium properties never lack interest from buyers with $$.  More so now with the massive wealth build up of last 7 seven years from asset price appreciation and low interest rates, there is a ton of $$ on the sidelines. 

Within the next 4 years, there will probably be a pause / small correction - but question is will you be able to find a place you want at that time. How about the opportunity cost of being stressed out in the intermediate time period while continuing to look for a home.  As someone else said, if you plan to be in the place for 5+ years , don't worry about timing it perfectly .  For investors / flippers  on the other hand, it is definitely a lot of legwork involved to find / renovate the right property as all the good stuff is already " picked over"
 
Speaking of 2017. My family and I are thinking of moving to Irvine in the next few months. I know I've read alot about the new developments but what about the older homes? It seems they often have very low HOA/no HOA, no MR either. We are looking for a 4bd home. We have heard alot about some of the older areas but how do they compare and what would the appreciation look like in areas such as Woodbridge, The Ranch, Deerfield, and Northwood? I've heard these names but do not know enough about how to target them and what to expect or where the prices are going over the next 6 - 1 year? Thanks for your help!
 
shahshah said:
Speaking of 2017. My family and I are thinking of moving to Irvine in the next few months. I know I've read alot about the new developments but what about the older homes? It seems they often have very low HOA/no HOA, no MR either. We are looking for a 4bd home. We have heard alot about some of the older areas but how do they compare and what would the appreciation look like in areas such as Woodbridge, The Ranch, Deerfield, and Northwood? I've heard these names but do not know enough about how to target them and what to expect or where the prices are going over the next 6 - 1 year? Thanks for your help!
Click to expand...

I would recommend finding a rental in one of those neighborhoods to see how you like it before you before.  You can always get out of your lease early if there is something nice that pops up that you want to buy (I've done that for several of my clients).  Out of the areas that you've named, Woodbridge has appreciated the best probably followed by Northwood.  Unless inventory levels don't go dry up I think prices will probably flattish in 2017.
 
I appreciate the responses!

Also but its seems there literally is no inventory in these areas, is that the general trend? I think to narrow it down we want to try and be in between 405 and 5 and would prefer to stick between 750-900 not sure if that would change things?

I really want to focus on a 4bd home, can't do crazy HOAs but it seems the prices are much much higher in woodbridge. Shouldn't areas like the ranch or deerfield appreciate just as well over time given that they are right next to woodbridge?

 
You must log in or register to reply here.
Back
Top