ORANGE COUNTY HOUSING REPORT: Running Out of Time:Demand will remain elevated for only six more weeks. The window of opportunity to take advantage of the Summer market is already beginning to close. Summer is here! It is the season of longer days, plenty of Southern California sunshine, sandy beaches, and refreshing dips in the … [Read more...] about RUNNING OUT OF TIME
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MARKET CHANGE
Orange County Housing Report: Housing is starting to transition into the Summer Market with a lot more FOR SALE signs and Open House directional arrows. The Summer Market: The active listing inventory is rising and so is the time it takes to successfully sell a home; summer is here. Every year it is the same thing. Multiple … [Read more...] about MARKET CHANGE
CRACKS APPEARING
Orange County Housing Report: Even though the housing market is hot, trends have emerged that confirm that it is starting to cool. Cracks Appearing: Trends are developing which demonstrate that the six-year housing run is beginning to cool. Headlines are the same across the country: there are not enough homes on the market … [Read more...] about CRACKS APPEARING
SELLERS BEWARE
Orange County Housing Report: A sudden spike in the inventory is an ominous sign for sellers to approach the market carefully. An Inventory Spike: In the past two weeks, the active inventory had its largest increase since July 2013. The script for the Orange County housing market has been the same for quite some time … [Read more...] about SELLERS BEWARE
VANISHING INTO THIN AIR
Orange County Housing Report: The lower end of the housing market is not only disappearing, it is impacting pending and closed sales. Vanishing Lower Ranges: A mind-blowing 15% fewer homes have come on the market below $750,000 so far this year compared to 2017. The market has been blistering hot for years now. For homes … [Read more...] about VANISHING INTO THIN AIR
