Wouldn't it be great to have a crystal ball! While some forecasters are reporting the low in the market to hit this winter, the UCLA Forecast is out and they project a continued slight fall in home prices through next summer (9%). Orange County does tend often be the exception to the rule because of one thing - location, location, location.

There are great deals to be had now and every day in the form of short sales and REO's but you have to be patient and ready to jump when they come on the market. Auction homes can also be good buys but again you have to be ready to move when the time comes.

BE sure to talk to a lender before you start looking for a new or investment property. This will keep your expectations in check and also give you the tools to buy when you are ready.

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