Categories for Realestate Market

Orange County Housing Numbers For February 2023

Orange County homes for sale at the end of February were 2,913. This is a increase of 51 for sales from January 2023 when the month end had 2,862 homes available. The number of homes sold in February was 2,429....
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Waiting For Home Price Crash?

We have heard people say that they’ll wait for the elevated home prices to crash before they re-enter the market. A couple of factors work against this happening in reality and psychologically. 1. Home equity is too substantial for most...
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No Housing Collapse in 2023

Southern California focused Housing Reports by Steven Thomas argues against any drastic housing implosion in 2023. This view is consistent with most housing economists. It is based on the high equity position of homeowners coupled with the comparatively low housing...
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Recession 2023?

Chapman’s Business forecast joined the consistent chorus of economists anticipating a mild to moderate recession by mid to late 2023. One common predictor used was the drop of the 10 year Treasury Bond below the Federal Funds Rate. A cross...
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A Cooling Of The Rental Market…

The rising rental rates that spiked earlier this year have begun to cool down this winter. Zillow’s Observed Rent Index saw a year over year rent peaking at 17% in February 2022. It has slowed to 11% increase in September....
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What Higher Interest Rates Mean To A Buyer…

Home sales saw a 21% drop in units based on October 2021 and October 2022 numbers. There are several factors in this drop, but the most dramatic indicator is the rise in mortgage interest rates from 3.1% to 6.9% in...
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The Great Adjustment Of Housing Enthusiasm

Rising rates are having their effect on the resale housing market. Orange County home resales dropped almost 60% from October 2021, and significantly lower than September 2022. Gary Keller of Keller Williams referred to the national sales drop as the...
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