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OC Register Confirms Orange County's Housing Piston is Firing

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Below is an excerpt from The Orange
County Register on September 14, 2012.


O.C. Housing Piston is Firing

At the least, our real estate piston appears to be firing.

Orange County's overall housing market had the strongest key selling season in six years - with DataQuick's August home buying report coming as the Federal Reserve took new measures to boost the national economy.

Fed boss Bernanke warned Thursday that the overall economy is shaky - and that cheap loan rates, especially mortgage - could be a cure. August's Orange County home buyers - by DataQuick estimates - had an average house payment of $1,944. Thanks to low-rate mortgages - and deeply discounted housing values - that's a stunning 46 percent off 2006's pinnacle.

Bernanke noted that further housing improvement is needed to both boost consumer confidence and reignite that broad economic machine that's otherwise known as homebuilding.

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