You also have a good amount of international demand for the area. The current demand for housing in Irvine is very reminiscent of the days of the housing bubble. I’m reminded of some of the international buyers coming to new developments with cash in hand to buy places before they were even up. Bidding wars are common and buyers are now offering bids even over the asking price. Why? Inventory is very low and sales are increasing. So if you are looking to buy in this market expect insanity and gear up. Let us take a look at the market...
http://www.doctorhousingbubble.com/socal-housing-mania-round-two-leverage-on-mortgage-irvine-housing-market-irvine-condos/
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