By Cornelius Jackson
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ndoubtedly, we are in a bit of a housing market bubble. Real estate experts, speculators, and investors know that, and judging by the rate of incline, everyone is already stating the obvious - that house prices will double before the end of the last quarter of 2021, but will it?
WHY THERE IS A RED-HOT HOUSING MARKET IN IRVINE Typically, some factors contribute to a housing market boom in cities and states, such as population, weather, job opportunities, etc. Irvine, seems to be the converging place for all these factors.
Irvine, one of the cities in Orange County, California, is one of the places that experienced a tremendous housing market boom in the last decade. Despite the Coronavirus affecting the real estate market and offsetting transactions, the city remained among the most competitive cities in California and nationally. Our expert looks at the real estate market in Irvine and what you should look out for in Q4.
Over time, Irvine has continued to remain an incredible place for people, especially for families. The FBI ranks Irvine as the safest city to live in because of its low crime rate. It is one reason a single-family home is the most sold type of home in the city. With families migrating to the city, there’s bound to be a population increase. That drives home prices upwards, especially singlefamily homes.
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Market Update: Real Estate Trends In Irvine to keep an Eye on In Q4 and Beyond
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