Home And Garden Articles

Why Buy Now - Joe Davis, President of the Irvine Community Development Company, Answers Questions About Investing in the New Home Market and Real Esta

Irvine, California (PRWeb) February 14, 2007 -- Joe Davis is president of The Irvine Community Development Company, an affiliate of The Irvine Company which is responsible for all residential development on The Irvine Ranch.


Active in the real estate industry for over thirty years and respected for his knowledge and experience, Mr. Davis is frequently interviewed by the media.

Below are Mr. Davis' recent answers to questions about why now is a good time to buy a home on The Irvine Ranch.

• "Over the last few weeks, we have seen a change in the attitude of potential homebuyers. The number of visitors at our Portola Springs Village and Woodbury Village on the Irvine Ranch has remained remarkably consistent, and home buyers like our homes and have shown a real interest in buying. Remember that existing home sales posted a recent increase--their first in months--another indication of a change in homebuyers' attitudes. As the economy remains solid, interest rates are still at very affordable levels, and sales prices stabilize, the extra supply of homes on the market could begin to dwindle as soon as the first or second quarter of next year. And we all know that as the supply decreases, prices will increase."

• "The attitude change in homebuyers mirrors recent sentiments by some analysts -- including former Federal Reserve Chairman Alan Greenspan, who recently said that he believes that the housing and new home market adjustment is over."

• "Portola Springs Village and the award winning Woodbury Village represent some of the last opportunities for homebuyers to enjoy the unique lifestyle offered on The Irvine Ranch. As we build-out our master planned communities, there is a limited number of new homes available for buyers."

• "The new home market in 2007 will remain a wise, sound investment for buyers. Population and job growth continue to put pressure on the limited supply of new homes and real estate in Orange County that are available, and interest rates remain low."

•"The underlying Orange County economy is both strong and growing. Orange County remains one of the hottest employment markets in the nation and the unemployment rate remains low, at just 3.1%. As businesses expand and/or relocate in Orange County - like The Capital Group moving some 2,000 employees and 800 new jobs to Irvine - it creates additional demand in the new home market."

• "First time home buying opportunities, such as Irvine Ranch real estate in Orange Country, remain attractive since long term appreciation has continued to provide equity growth, a hedge against inflation and a catalyst for upward mobility over time."

• "Real estate in Orange County continues to be a wise investment. Historically, our homes have appreciated an average of 7% per year, since 1988. Residential values of real estate in Orange County have doubled over the last five years (per Data Quick), so those interested in sound, long-term investments turn to housing. If someone is interested only in short-term gains, then the real estate or new home market isn't for them."

• "Recently the new home market has experienced record sales and historically tight supply, with buyers forced to bid over the asking price. With the market currently in transition, the supply of homes is at its highest level in over a decade and interest rates are still at historical lows. It's a great time to buy a home."

• "As we head into the new year, inventories are starting to decline, which means that sellers will be less willing to negotiate when the current housing freeze begins to thaw - which I foresee happening around spring."

• "Today's housing and new home market may be correcting, but the fact remains that Orange County is one of the most desirable places to live in the country. People will continue to be drawn to our area, families will outgrow their current home, couples will get married, others will continue to move up and down the various stages of the housing ladder. Nothing has burst; prices continue to appreciate -although more modestly than in recent years. In the past several years, supply simply could not meet demand, so the variable that experienced the biggest jump was price. Now that there are more options in the new home market, buyers can be more selective. But once that supply comes down, buyers may be faced with tough decisions."

To learn more, visit us on the web at The Irvine Ranch.

About The Irvine Community Development Company
Woodbury Village, Portola Springs® Village, and the villages of Quail Hill®, Shady Canyon, Crystal Cove, Northpark Square, and Pacific Ridge® are a part of The Irvine Ranch. All projects on The Irvine Ranch are in planned communities developed by The Irvine Community Development Company LLC, an affiliate of The Irvine Company LLC. Plan, pricing and square footage subject to change. Models do not reflect racial preference. For more information, contact The Irvine Ranch Homefinding Center™ at 866-377-2448 between 10am and 5pm daily or visit www.irvineranch.com.

###

Other Article Sites

findabook.com  moneycd.info  a-mortgage.info   about-lemon-laws.info  aboutstudentloans.info
all-about-publishing.info  auctions-articles.info  bestcollege-university.com  bestispconnection.com
biblefolder.com  blogger-website.com  books-used.info  brokers-guide.info  buywindows.info  cable-dsl.info
career-miner.com  carpel-tunnel.info  cashinaflash.info  cashloanreviews.info  casinobell.com  chat-house.info
clearmycredit.info  collegeloantips.info  crones.info  depression-articles.info   dirnic.net  dishguides.info
divers-below.com  expodog.info   financewizz.com  fire-insurance.info  getgood.info  handleit.net   it-idea.info
health-supplies.info  hosting-right.com  insidealert.com  insurance-facts.info  jobs-employment.info
justgood.info  lookgold.net   lowcost-travel.info  money-source.info  myhostzone.info  numisblog.com
peoplesearchfinder.info  pr-articles.info  realeas.com   refinancing-guides.info  spyware-remove.info
telelot.info  the-law.info   toppaid.info  travel-deals.info  travelcorrect.com  wedding-guide-site.com
your-blog.info  your-credit.info

MORE ARTICLES:

Learn Exactly How To Repair Your Sewing Machine At Home!
My name is Tony Asef and I start my own sewing machine business 21 years ago with little knowledge of repairing sewing machine at that time. I remember very good when I was looking for someone to teach me all trick in sewing machine repair business.

Work at Home Mom: Double the Trouble?
The average work at home mom spends countless hours a day trying to juggle both her personal and professional life under the same roof At the end of the day a number of work at home moms are burnt out

Home D?cor Tip: Rug Runners
There you are, carrying a cup of coffee back to your workspace at home. It?s hot, you?re still sleepy, your hand slips?SPLASH! Your precious Arabica blend that you got as an anniversary gift from the office is now a pool on your carpet. You sigh, you curse, you get mad at yourself. How can I cover this stain, you wonder. Here?s an idea: rug runners.

Home Décor Tips To Impress Your Friends
Step 1: Pick a motif and go with it! Don't pair your childhood bedspread with a new wrought iron bed and lace curtains. Choose colors that remind you of things you love.

Learning The Ropes Of Home Cooking
It is said that the therapeutic aspect of cooking brings relaxation to both body and mind. Today's world is hectic and it is very vital that we engross ourselves into preparing dishes rich in nutrition value and balanced to keep ourselves hale and healthy. So just prepare whatever you feel comfortable. It is not necessary to be grand and rich in taste but it should be satisfying and rich in basic nutritional content. You need to adjust the measurements according to your taste and flavor requirements.

How to Make Your Own Home Care Products
Here are some of the simple formulas I would like to contribute so you could at least start your own business at home and probably save on your own product consumption.LIQUID AIR FRESHENERINGREDIENTS:NONYL PHENOL ( TERGITOL ) .

A Tanning Bed For Home Use - Better Than The Real Thing?
With the costs of tanning salons on the rise, many people are opting to buy their own tanning bed. You may think this to be ridiculous, considering that the cost of a tanning bed can be several thousands of dollars, however if one adds travel time, gas, and membership monthly costs over a few years it can add up. If you can afford the cost of all these things, you should be able to afford the monthly costs of financing a tanning bed for home use.

Get a Home with No Money Down
Buying a home is an expensive proposition. Not only do you have to worry about the cost of the home itself, but also the closing costs and other associated fees. One of the main things that keep people out of the house hunting market is the down payment that has traditionally been called for when obtaining a mortgage. Typically this down payment was between ten and twenty percent of the total cost of the home.

When Choosing A Home Treadmill?
Your body is the god-given equipment. But to get it into a proper shape, what will come handy to you is a man-made equipment called treadmill.

A No Fee Balance Transfer Credit Card That Can Help Build Home Equity Is Now The Top Specialty Rewards Card at The BalanceTransfer.cc Website
0% intro APR credit cards that don't charge a fee for transferring balances are very attractive to money-conscious consumers who are looking to get a vacation from paying interest on their credit card debt. Visitors to the website at BalanceTransfer.cc, however, are clearly favoring a feeless balance transfer credit card that can also help homeowners build home equity: the Citi® Home Rebate Platinum Select® MasterCard®

SmartLabs Design INSTEON Lighting Control Enters Security Market with DSC Home Compatibility: View DSC Home with INSTEON-enabled Lighting Control a
SmartLabs, Inc. smartlabsinc.com (http://smartlabsinc.com) announces that SmartLabs Design INSTEON-enabled lighting control system will be presented by Digital Security Controls (DSC) as part of a home security, home automation and home entertainment bundle for security dealers and installers.

Curb Appeal to Effectively Sell Your Home in Sarasota Real Estate
Are you going to put your home in Sarasota real estate for sale? Of course, if you will sell your home, you could want to gain the best deal out of it.

Garden Of Eden: A Jungle Captive's Lesson In Dreams Come True
BBC News recently reported the story of horticulturist and orchid collector, Tom Hart Dyke, who was kidnapped in 2000 in the Darien Gap in Panama by Colombian Guerrillas and held hostage for nine months in the South American jungle. He was on a plant collecting expedition with his friend Paul Winder when captured.

Child Proofing Your Home
Childproofing the home is important because young children explore indiscriminately If an object is within reach, a child under three will touch it without considering his own safety or the value of the object

Home Mortgage Rates Explained
The economy needs a bit of stimulation and the feds are lowering down home mortgage rates to get it up and running again. Borrowing money with lowered home mortgage rates has never been this easy or this cheap. So, why not take advantage of this lowered home mortgage rate and get a chance to refinance your home and still save some?