Media coverage about what’s happening with home prices can be confusing. A large part of that is due to the type of data being used and what they’re choosing to draw attention to…

There’s an old adage in real estate: location, location, location. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates.

During the fourth quarter of last year, many housing experts predicted home prices were going to crash this year.

Housing’s Summer Market has arrived, and with it comes an increase in inventory, a slight decrease in demand, and a rise in the market time.

Last July, month-over-month prices started to decline. But around February this year, they started climbing back up.

Why You Can’t Compare Now to the ‘Unicorn’ Years of the Housing Market [INFOGRAPHIC]

Buying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Real Estate Planning Month.

Even though home prices have moderated over the last year, many homeowners still have an incredible amount of equity. But what is equity?

From YouTube to TikTok to the Backyard Barbecue, there are plenty of narratives regarding pending doom for housing that the underlying data does not support.

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring.

Since inflation has raised the cost of goods, it may make sense to look for an energy-efficient home or make your current home greener.

With the number of available homes to purchase at extremely low levels, there simply are too many buyers competing against each other despite high mortgage rates.

A Seller’s Market …when the Expected Market Time drops below 40 days, the housing market leans heavily in favor of sellers.

Thinking about selling your house? If you’ve been waiting for the right time, it could be now while the supply of homes for sale is so low.

Even though we’re no longer seeing the buyer frenzy that drove home values up during the pandemic, prices have been relatively flat at the national level.

Before the collapse of Silicon Valley Bank, Signature Bank, and Silver Bank in March, mortgage rates were just above 7%. Since then, rates have fallen…

Keeping a clean and orderly home is a challenge for many of us. Between busy work schedules, social obligations, and family commitments, it’s tough to keep up with daily chores—let alone larger seasonal tasks.

Low Supply and Multiple Bids

Market Times have dropped like a rock since the start of the year, squeezed by not enough sellers.

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.

When it comes to listing their home, most home Sellers want three things: 1) to make a lot of money, 2) to put in minimal time and effort, and 3) to sell quickly. But the reality is, selling a home is rarely that simple.

Lack of FOR-SALE Signs in the past few years, there has been a severe inventory crisis initially instigated by the pandemic and now due to the high mortgage rate environment. Since the pandemic, there have not been enough homes available, and 2023 is no different.