It’s all about the rates in the housing market, from the number of homeowners willing to sell to the volume of buyers able to afford to purchase.

The recent changes in home prices are top of mind for many as the housing market begins gearing up for spring. It can be hard to navigate misleading headlines and confusing data, so here’s what you should know about today’s home prices.

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).

Over the past few years, many of us have spent extra time at home—and that means we appreciate the personal design touches that make a house cozy and comfortable more than ever.

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).

Regardless of the economic situation, without fail housing revs its enormous economic engine and the market heats up during the Winter Market, from mid-January to midMarch. Last year the inventory of available homes hit a record low and by mid-January, there were only 1,080 homes on the market.

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out.

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.

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out.

There are many people thinking about buying a home, but with everything affecting the economy, some are wondering if it’s a smart decision to buy now or if it makes more sense to wait it out.

This past year, rising mortgage rates have slowed the red-hot housing market. Over the past nine months, we’ve seen fewer homes sold than the previous month as home price growth has slowed. All of this is due to the fact that the average 30-year fixed mortgage rate has doubled this year, severely limiting homebuying power for consumers.

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.

What does a recession mean for the housing market? Let’s see what history tells us…

Deciding whether to jump into the housing market or rent instead is rarely an easy decision – especially if you’re a first-time homebuyer. But in today’s whirlwind market, you may find it particularly challenging to pinpoint the best time to start exploring homeownership.

Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one.

Experts are starting to make their 2023 home price forecasts. As they do, most agree homes will continue to gain value, just at a slower pace. Over the past couple of years, home prices have risen at an unsustainable rate, leaving many to wonder how long it would last.

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…

UPDATE: This home was leased in less than a week with multiple offers, over asking!

Coming Soon, for Lease in the gated community of SeaCountry in Las Flores. Where’s Las Flores? Oso and Antonio in South OC.

Mortgage rates have been on a roller coaster ride this year, rising and falling amid inflationary pressures and economic uncertainty. And even the experts are divided when it comes to predicting where rates are headed next.

So, how can you improve your chances of securing a low mortgage rate? Try these eight strategies…