Market Update

This is the beginning of a new season for housing- the Holiday Market. With shorter days and all the distractions of the holidays, housing will downshift with a drop in both the supply, the active inventory of homes available to purchase, and demand, the last 30-days of new escrows. To the buyers and sellers that remain, the overall market will still feel sizzling hot, but there simply will be fewer active...

The Orange County Housing Market is doing extremely well- so much so, that it’s supporting the country’s economy tremendously. The seller’s market remains hot as supply decreases and demand is rising by the minute. Record lows and highs moving into the fall season- new home sales have strongly risen and don’t seem to be coming to a halt. As was expected, home buying and selling prospects...

It appears Autumn's Market will be the hottest in years. The Housing Market is on strong footing- thanks to the low supply, fierce demand, low mortgage rates, and a strong demographic of first-time buyers. Millennials have officially surpassed Baby Boomers as the largest living adult generation. Housing is heading into a strong demographic patch of first-time buyers (ages 23-38), one that hasn’t been...

It is that time of the year. There are Halloween costumes at Costco. The kids are back in school, online for now. Mornings are a lot darker with the sun rising later. The official start to autumn is not until Tuesday, September 22, but signs are beginning to emerge that the seasons are about to change.As for Orange County housing, the Autumn Market typically starts at the end of August when the kids head...

The 2020 market is shaping up to be completely different than expected- in the best way. Although COVID-19 has affected the economy, demand for Real Estate has never been higher. Some homeowners aren’t having success. So the question is, why?  The market is currently sizzling hot with an overall Expected Market Time (the time between the signed listing contract to opening escrow) of 46 days, the...

Eagerly digging through a newly opened box of Cracker Jacks to isolate the treasured prize only to find two prizes, that is unexpected. Standing at the Starbucks cash register ready to pay for a Venti® coffee and the barista explains it has already been paid for by the prior customer, that is unexpected. Receiving a love note from a spouse, or significant other, yet it is not a birthday, anniversary, or...