Issues Affecting 2008 Outlook for OC and California Housing Market

Issues that will affect the OC and California housing market during the remainder of 2008: (a) Buyers’ access to higher limits on non-conforming loans, (b) general strength of the economy in the US and California, (c) how aggressive the banks are to unload their inventory of foreclosed homes, and (d) aggressive or passive policies of lenders in agreeing on terms of the thousand of proposed short sales.
Posted by Harrison K. Long, Explore Properties Group, March 5, 2008.
[Source: Orange County Register, Marketplace, March 5, 2008]