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…

Over the past few years, a real estate buying frenzy bid up home prices to eye-popping amounts. However, as mortgage rates have risen, buyer demand has cooled. ¹

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…

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…

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture.

With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time.

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 process of buying a new home can be both exhilarating and exhausting. But the journey doesn’t stop when you close on your property. On the contrary, you still have quite a bit to do before you can begin the process of settling into your new place.

Fortunately, you don’t have to do everything in a day. You don’t have to do it all alone, either.

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…

There's the old way of marketing a home for sale and there's the right way. This video gives tips and tricks to promote a home, in this housing market.

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…

Thinking about selling your home? Thinking about buying a home or investment property? To do it right, you'll need an ally. This video gives tips and tricks to find your best Realtor partner.

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.

CURB APPEAL...is critical in getting a home ready for sale. Did you know buyers will pay on average 7% more for a home with great curb appeal? Don't let their first and last showing be just one driveby. Here are a few tips to get your home ready.

The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.¹

But while some had hoped 2022 would bring a return to normalcy, the U.S. real estate market continues to boom, despite rising interest rates and decreasing affordability.

A recession does not equal a housing crisis. That’s the one thing that every homeowner today needs to know. Everywhere you look, experts are warning we could be heading toward a recession, and if true, an economic slowdown doesn’t mean homes will lose value.

Many people are wondering: will home prices fall this year? Whether you’re a potential homebuyer, seller, or both, the answer to this question matters for you. Let’s break down what’s happening with home prices, where experts say they’re headed, and how this impacts your homeownership goals.