Smoking hot South OC markets

Photo credit: Jordan Larrigan

South OC makes up four of the five "hottest" markets, according to the math of Steve Thomas. That was the headline on the OC Register real estate blog recently. Those mini markets are Foothill Ranch (1.0 months of supply), Aliso Viejo (1.0 months of supply), Lake Forest (1.1 months of supply) and Dove Canyon (1.3 months of supply).

On the other end of the spectrum we have luxury markets where there are fewer buyers, and hence, properties take longer to move. Laguna Beach was second slowest (8.5 months), lagging only CdM. Coto also made that list, ranking fifth "worst" with a market time of 7.4 months.

The more we think about the real estate market recently, the more it makes us scratch our heads. You probably heard that the movement for extending the homebuying tax credit is moving forward. And, maybe you also read about how the Fed is still keeping interest rates near zilch to help prop up the economy. With the government and other agencies working so hard to prop up housing, will true fundamentals ever return?