Market Reports

V-Shaped Recovery

V-Shaped Recovery

Propelled by record low mortgage rates, buyers are jumping back into the housing market. Demand Spikes: Demand surged in the past couple of weeks with a 38% rise. COVID-19 has impacted the economy across the board. The economic data prior to the Coronavirus was pumping on all cylinders. Consumer confidence, consumption, unemployment, housing, stocks, leading […]

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Demand Rises

Demand Rises

Buyer demand reached a bottom a couple of weeks ago, and now it is on the rise. Rising Demand: Demand rose 9% even though “stay at home” orders have not yet been lifted After seven weeks of staying at home, everybody is figuring out ways to make life feel a bit more normal again. DoorDash […]

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Broad Market Interruption

Broad Market Interruption

Like the rest of “daily life,” the housing market has not been spared from the sweeping effects of sheltering in place. Supply and Demand: A low supply is confronted with low demand. Life has changed. Public schools, private schools, day care, universities, date night, dine-in restaurants, sporting events, organized sports, concerts, movie theaters, trips to […]

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COVID-19 Cracks

COVID-19 Cracks

Even though the housing market has been hot, trends have emerged that confirm that it is rapidly cooling. Cracks Appearing: Trends have developed which demonstrate that the hot housing market is cooling due to the Coronavirus. The Coronavirus has quickly evolved from bumping elbows and not holding hands at church to social distancing and a […]

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Rates are the Fuel That…

Rates are the Fuel That…

Housing demand has skyrocketed due to historically low rates that are not going anywhere anytime soon. The Impact of Low Rates: A buyer’s purchasing power has dramatically improved thanks to ultra-low mortgage rates. Attending an air show for the first time is quite an experience, especially when fighter jets take off and rocket across the […]

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Temperature’s Rising!

Temperature’s Rising!

The Orange County housing market is officially a HOT Seller’s Market. Getting Hot: The market is getting crazy hot below $1 million. Mother Nature’s seasons do not matter. Sitting outside, watching one of the kid’s games from the sidelines can get really hot when there are no clouds in the sky. Wearing jeans is often […]

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A 2020 Forecast

A 2020 Forecast

HAPPY NEW YEAR!!!  Now, what does that mean for Orange County real estate? First, let’s look back at what happened in 2019 in terms of the inventory, demand, luxury properties, and Expected Market Time. Active Inventory: After starting the year with the highest number of homes on the market since 2012, the active inventory plunged […]

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What a Difference a Year Makes

What a Difference a Year Makes

The housing market is a lot hotter than many think and 2020 is going to line up heavily in favor of sellers. A Warm December: With an Expected Market Time of 70 days for all of Orange County, this is the warmest December since 2017 when housing was hot. So much can change in the […]

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