The Irvine real estate market might be slowing down, but there hasn't been a better time to buy a house. As soon as you found a home in a hot market, you had to jump on it.
You can take your time to search for the perfect home now, since there is a greater selection in housing. The current market also allows much more freedom for negotiations. The whole process might take a little bit longer, but buyers have much more say at the table. Interest rates remain rather low, as of now. For the most part, you are going to get a great deal, though rates might not be at 5.84%, as they were in 2004.
Above all, a piece of real estate is a great investment. Whether you are buying to turn over, or buying to keep, owning a house is going to generate great tax benefits.
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