E-mail Blast from ZipRealty
Sorry this is so long, but I feel like this e-mail I received from ZipRealty should be posted in its entirety (with some comments, naturally): Orange County Housing Report: Demand Suddenly Surges April 2, 2009 Coinciding with a drop in interest rates and a Wall Street rebound [wait, this is a "Wall Street rebound"?! How much is rent on your planet?] , demand for Orange County housing increased by 22% in just two weeks. Demand, the number of new pending sales over the past month, increased from 2,670 pending sales two weeks ago to 3,247 today, a 577 home increase. Last year’s high of 3,060 pending sales was reached on June 12. Orange County demand has not reached this level since September 2005, the beginning of the current downturn [2005 was the start of the downturn? That's news to me] . Last year there were 962 fewer pending sales, totaling 2,285, and two years ago there were 1,114 fewer, totaling 2,133. The active listing inventory shed 580 homes in the past two week, ...