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...........
3 comments:
From your lips to God's ears. Let's hope it finally happens in a noticeable way this year.
What is considered median priced house and what is considered a high end home?
In Orange County, a median price home is $400K. The further above that you go, the more "high end" you get.....
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