The Blog

Seller Tips, Buyer Tips Kristina Nagel Seller Tips, Buyer Tips Kristina Nagel

OC Market Snapshot - January 2023

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).

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Seller Tips, Buyer Tips Kristina Nagel Seller Tips, Buyer Tips Kristina Nagel

OC Housing Report

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).

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Seller Tips, Buyer Tips Kristina Nagel Seller Tips, Buyer Tips Kristina Nagel

OC Housing Report

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.

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Seller Tips Kristina Nagel Seller Tips Kristina Nagel

Have Home Prices Hit Bottom?

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008.

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Seller Tips, Buyer Tips Kristina Nagel Seller Tips, Buyer Tips Kristina Nagel

December Market Snapshot

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.

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Buyer Tips, Seller Tips, Rent vs. Buy Kristina Nagel Buyer Tips, Seller Tips, Rent vs. Buy Kristina Nagel

Mortgage Rates Will Come Down, It’s Just a Matter of Time

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.

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Seller Tips, Buyer Tips Kristina Nagel Seller Tips, Buyer Tips Kristina Nagel

November Market Snapshot

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.

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