If the thought of investing your money into brick and mortar—or perhaps some stylishly-painted siding—excites you, join the club.

Investing in real estate has long been one of Americans' favorite ways to grow their wealth.

Not long ago, home sellers were in their heyday, as historically-low mortgage rates triggered a real estate buying frenzy. However, the Federal Reserve shut down the party when it began raising interest rates last year.

In OC, both Supply and Demand are decreasing; however, Supply is decreasing faster than Demand, leaving homes on the market for about 40 days. At the beginning of March, there were just 2,218 homes on the market. That number before Covid is usually around 5,100.

After an extremely slow end to 2022, Buyers are returning to the housing market. Demand is already up sharply, and market times are plunging fast. It is important to keep in mind, demand is pretty shallow for this time of year, 23% less than last year and 38% below the 3-year average before Covid (2017-2019).

In OC inventory is extremely low and because of mortgage rates demand is sluggish. We expect demand to pick up in the coming months and it will absorb new homes on the market until we get to spring. There will be more competition for sellers then.

This video shows month-over-month changes for several OC cities and communities.

Here are the latest housing happenings in OC. This video shows month-over-month changes for several OC cities and communities. Don't see your area or have questions about the market activity data? 📈 📉 ? Reach out and we'll share the info with you.

Call / Text 949.482.0073 or send me a DM 📩 on IG or FB @RealKKNagel.

Orange 🍊 County active listing inventory decreased 📉 by 96 homes, down 3%, and now sits at 3,581, its lowest level since June.

There are many consequences to sky-high rates📈. Orange County buyer demand has dropped to ultra-low levels. Let’s take a look at what specifically happening in these areas of OC…

Nationally, while buyer demand has moderated because of higher mortgage rates and kids back in school, it’s still a seller’s market.

Locally, in 🍊Orange County…

Even though list prices are cooling, sold prices remain relatively flat. Although inventory is increasing, there are still more buyers than homes available. Let’s take a look at what’s happening locally here in 🍊Orange County.

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of the year holds for residential real estate.

Nationally there’s a lot of talk about a shift in the housing market. Let’s take a look at what’s happening locally here in Orange County.

Here’s the market activity for the end of the second quarter…

No matter what’s going on in the housing market, the process of selling a home can be challenging. Some sellers have a hard time saying goodbye to a treasured family residence. Others want to skip ahead to the fun of decorating and settling into a new place. Almost all sellers want to make the most money possible.

Whatever your circumstances, the road to the closing table can be riddled with obstacles…

Are you thinking about selling? If yes, you should be thinking about how to get your home ready. This video gives tips and tricks on what to do now.