Categories for First-time Homebuyers

More Signs That Homeownership Build Wealth

It is worth repeating the truism that owning a home is the best way to secure wealth. This is an easy statement to believe in retrospect but often put into doubt during times of rapid price appreciation when the stronger...
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Inflation Watch & Mortgage Rates

Disinflation continued to be the trend in 2023. The Consumer Price Index year-over-year dropped to 3.1% in November, with anticipation that end of year figures will be lower as fuel, auto, travel prices have dropped. This is good news for hopes of...
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Three Drivers of Housing Affordability…

Prices, rates, and incomes. We know that incomes will drive housing prices quicker during recessionary times as incomes will decline quicker than they will rise. Inflation can act as a decelerator on wage increases. We have seen the impact of...
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A Buying Trend On Pause Or Going Away?

We all saw the ads for deep pocketed companies willing to buy our home on the cheap and easy. No cleaning it up for showings, no fixing of leaks, no new painting required. In exchange for a quick and mostly...
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What Were The Actual Numbers?

The total number of sales for the month of February was 2,217, which was down 18.7% from February 2021, the last complete month available, as all numbers below are. We start with single-family resale which numbered 1,340, off 19.7%, with...
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You Should Have Bought That House Last Year…

That’s what many unfortunate; would be homeowners are muttering under their breath, if they paid attention to the roughly 25% appreciation single-family homes garnered in our comparison of year over year numbers. So yes, if you didn’t pull the trigger...
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What Were The Actual Numbers?

The total number of homes sold for February, (the last complete month available), was 2,725, up 13% from 2/20 (all comparisons are for same month year over year). Single-family homes numbered 1,671, up 10.6%. Condo sales continued their growth with...
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Orange County Housing Market Sizzles

Doubles – doubles aren’t just for burgers anymore, the OC housing market is sizzling too and it’s pretty much all price ranges and housing types. There are only 36 out of 380 months, between 1988 and 2020 that qualify as...
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