It is time to get off the fence before values rise and while mortgage rates are so low. Cost to Waiting: Housing is poised to get hotter next year, setting the stage for appreciation. Disneyland is known as “The Happiest Place on Earth.” Yet, sometimes the amusement park can be so crowded. The lines for Space Mountain … [Read more...] about ORANGE COUNTY HOUSING REPORT-DON’T MISS OUT
The housing market just dramatically improved as the inventory plunged and demand increased. Sudden Improvement: The Expected Market Time just dropped by 8%. Was it the nanny? How about the next-door neighbor? The uncle or family friend? Classic “whodunit” movies are intentionally designed to keep the audience on the … [Read more...] about ORANGE COUNTY HOUSING REPORT-WHAT A TWIST!
Many buyers are sitting on the sidelines in anticipation of a major housing downturn even though the facts illustrate it simply is not going to happen. No Bubble: Housing data illustrates that there is not a housing bubble on the horizon. It has happened to just about everybody. Driving down the road, unaware of your … [Read more...] about ORANGE COUNTY HOUSING REPORT-NOPE NO BUBBLE
When it comes to housing, everybody puts way too much emphasis on the price of a home when they should really be taking a closer look at the monthly payment. Focus on the Payment: Just a year ago mortgage rates were at 4.75% and rising, substantially higher than today’s 3.5% rate. Everyone has done it. When it is time to … [Read more...] about ORANGE COUNTY HOUSING REPORT-PAYMENT NOT PRICE
Higher priced homes are so much harder to sell compared to the rest of the housing market. Luxury is Slow: With an Expected Market Time for all homes above $1.25 million of 213 days, luxury is sluggish. There is no line at the deli counter. You walk in to your favorite restaurant and get seated right away. At the grocery … [Read more...] about ORANGE COUNTY HOUSING REPORT-LUXURY; SLOW AND STEADY