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Orange County Housing Report:  Starting to Pull Back

Orange County Housing Report: Starting to Pull Back

In the tug-of-war between buyers and sellers, buyers are beginning to pull back.  Tug-of-War: There is a noticeable shift in housing as buyers are starting to approach the market with caution. The housing market is like a big game of tug-of-war between buyers and sellers. Sellers have been dominating since 2012 with multiple offers and buyers […]

Orange County Housing Report: A Market Change

Orange County Housing Report: A Market Change

Good morning! Housing is starting to transition into the Summer Market with a lot more FOR SALE signs and Open House directional arrows. The Summer Market: The active listing inventory is rising and so is the time it takes to successfully sell a home; summer is here. Every year it is the same thing. Multiple […]

Orange County Housing Report:  Cracks Appearing

Orange County Housing Report: Cracks Appearing

Good Afternoon!  Even though the housing market is hot, trends have emerged that confirm that it is starting to cool. Cracks Appearing: Trends are developing which demonstrate that the six-year housing run is beginning to cool. Headlines are the same across the country: there are not enough homes on the market and buyers are having […]

Orange County Housing Report:  Sellers Beware

Orange County Housing Report: Sellers Beware

Orange County Housing Report:  Sellers Beware April 22, 2018 Good Afternoon!  A sudden spike in the inventory is an ominous sign for sellers to approach the market carefully. An Inventory Spike: In the past two weeks, the active inventory had its largest increase since July 2013. The script for the Orange County housing market has been […]

Orange County Housing Report:  Vanishing Into Thin Air

Orange County Housing Report: Vanishing Into Thin Air

Good Afternoon!  The lower end of the housing market is not only disappearing, it is impacting pending and closed sales. Vanishing Lower Ranges: A mind-blowing 15% fewer homes have come on the market below $750,000 so far this year compared to 2017. The market has been blistering hot for years now. For homes priced below […]

Orange County Housing Report:  Wait and Afford Less

Orange County Housing Report: Wait and Afford Less

Orange County Housing Report:  Wait and Afford Less March 25, 2018  Good Afternoon!   With rising interest rates, purchasing power drops for buyers considerably the longer they wait. Purchasing Power: An increase in interest rates by 1% translates to an 11% drop in the home a buyer is able to afford. For the past several […]

Orange County Housing Report:  Too Much Noise

Orange County Housing Report: Too Much Noise

Good Afternoon! Everybody seems to have an opinion about the direction of the housing market. Ignore the Noise: From talk of a housing bubble to speculation that the market will slow because of higher rates, the best advice is to ignore all of the noise and turn to the facts. Wow! There is a lot of […]

Orange County Housing Report:  The Spring Market Has Arrived

Orange County Housing Report: The Spring Market Has Arrived

Orange County Housing Report:  The Spring Market Has Arrived February 11, 2018  Good Afternoon!  With demand exploding onto the scene, it is officially the best season to sell a home. Spring Market: The activity below $1 million is nothing short of CRAZY!! In Southern California, it is hard to tell the seasons apart. You have […]

Orange County Housing Report:  On Your Mark, Get Set, Go!!!

Orange County Housing Report:  On Your Mark, Get Set, Go!!!

January 28, 2018 Good Afternoon! With the holidays behind us, the 2018 Orange County housing market is beginning to rev its engine. Heating Up Fast: With a low housing supply and fierce demand, the housing market is accelerating fast. In the blink of an eye, Starbucks holiday cups are gone, all of the ornaments are […]

Orange County Housing Report:  Happy New Year – A 2018 Forecast

Orange County Housing Report: Happy New Year – A 2018 Forecast

HAPPY NEW YEAR!!!  Now, what does that mean for Orange County real estate?  First, let’s take a look back at what happened in 2017 in terms of the inventory, demand, expected market time, luxury properties, and distressed properties. Active Inventory: A chronic lack of inventory defined 2017 and the year finished at levels not seen […]