Esmael Adibi is director of Chapman University’s Anderson Center for Economic Research. He has a stunningly accurate track record on predicting the housing market. He was early with a prediction that the O.C. housing market was in for a fall.
I had the pleasure of recently attending a meeting where Adibi was presenting. His presentation was very credible and based on sound analysis. His message? DO NOT BUY a higher end home in OC. These homes will fall a lot in the coming years. For a median price house, Adibi said to buy toward the end of 2009.
I'm standing by watching the Laguna beach home prices decline...........
From your lips to God's ears. Let's hope it finally happens in a noticeable way this year.
ReplyDeleteWhat is considered median priced house and what is considered a high end home?
ReplyDeleteIn Orange County, a median price home is $400K. The further above that you go, the more "high end" you get.....
ReplyDelete