Market Reports

The Rest of 2020

The Rest of 2020

Even though housing came to a standstill in April, the market roared back and trends have developed that foreshadow continued strength.  Housing Trends With a low supply and strong demand, the market has not been this hot since 2013. It was sudden. It was unnerving. Nobody had seen anything like it in their lifetime. A […]

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Why Do Some  Homes Sit?

Why Do Some Homes Sit?

The housing market may be hot, yet many homeowners are not having any success. Sitting on the Market 36% of the active listing inventory has been on the market for more than two months. The ink is still wet. A homeowner has just signed the contracts that will allow the FOR-SALE sign to be hammered […]

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Luxury Returns

Luxury Returns

After grinding to a complete halt, the luxury market is pumping on all cylinders. Luxury Strength: The upper end of the housing market is strong with plenty of demand. In Batman v Superman, in order for Superman to kill Doomsday, a gigantic monster that is also from the planet Krypton, he sacrifices himself by taking […]

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Hotter Than Last Year

Hotter Than Last Year

Housing demand is surging and now the market is stronger than last year’s spring selling season. Getting Hotter: The Expected Market Time for sellers is dropping like a rock as demand expands. Eagerly digging through a newly opened box of Cracker Jacks to isolate the treasured prize only to find two prizes, that is unexpected. […]

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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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