Rapid appreciation helps to dampen the flames.
At the start of 2012 home values were at lows not seen since 2003. Interest rates were also at record lows. It didn’t take long for investors to take advantage of the fact that Orange County real estate was priced at fire sale levels. Investors started purchasing homes at an accelerating rate.
For more in depth analysis of the current Orange County housing market please continue on to the full Orange County Housing Report…
Photo Credit: Taber Andrew Baim