The Orange County Register has recently posted a series of predictions about the future of the real estate market in Orange County – Eyeball 2009. The predictions are from local experts, economists, and Realtors. If you’re interested in the varies perspectives – take a look at the various links provided below.
I’ll share with you the one thing I know for sure: No one knows for sure. These may be well educated folks and some I place more value on than others. At the end of the day, if you are considering buying or selling in this market – educate yourself, analyze your personal goals, assess your personal circumstances in relation to your objectives and make a decision based on that. Nothing I say, or anyone else, ought to be the sole reason that you do, or do not, decide to buy a new home (or sell one).
Try not to be part of the ‘herd’ mentality. That kind of thinking is part of the reason so many homeowners are in trouble today.
It’s tough being a buyer today. Who wants to stand around the water cooler at work and explain purchasing real estate in this economy? Tough, but if it works for your circumstances, are there great opportunities? You bet.
It’s really about being able educate yourself and make the decision that works for you. That being said – let’s hear from the various Orange County voices:
- Outgoing President of Orange County’s Association of Realtors -Dick Gaylord
- Managing Director of Pimco – Scott Simon
- 2009′s President of Orange County’s Association of Realtors – Mary Jane Cambria
- The Founder of The Concord Group – a real estate consulting firm – Richard Gollis
- Economist & Dean of Mihaylo College of Business & Economics at Cal State Fullerton – Anil Puri
- Housing rights advocate at Fair Housing Council of Orange County – David Levy
- CEO of Buchanan Street Partners, a commercial real estate management firm – Robert Bruswick
- Former UCLA economist, now co-founder of Beacon Economics – Christopher Thornburg
- Advertising executive, president and CEO of Most Agency – John Most
- President of Prudential California Realty – Rich Cosner
- CEO of investment adviser Spectrum Asset Manager – Ryan Kelly
- Owner of JLE Property Management - Jerry L’Ecuyer
- Division President for California homebuilder Fieldstone – David Greminger
- UC Irvine’s Merage School of Business’ Director for Real Estate – Kerry Vandell
- President of Altera Real Estate – Steven Thomas
- Lender and Owner of Mortgage Accelerator Plus – Norm Bour
- Mission Viejo Broker and forecaster – Gary Watts
Always open to, and interested in, your feedback.
Always hard to predict any real estate market, especially this year!
Rich Mundle – Sherwood Park Real Estate
I’m asked often to look deep into my crystal ball, but I have to tell people I don’t own one. :0)
No one can predict the future.