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Propelled by record low mortgage rates, buyers are jumping back into the housing market. Demand Spikes: Demand surged in the past couple of weeks with a 38% rise. COVID-19 has impacted the economy across the board. The economic data prior to the Coronavirus was pumping on all cylinders. Consumer confidence, consumption, … [Read more...] about ORANGE COUNTY HOUSING REPORT-V-SHAPED RECOVERY

Buyer demand reached a bottom a couple of weeks ago, and now it is on the rise. Rising Demand: Demand rose 9% even though “stay at home” orders have not yet been lifted After seven weeks of staying at home, everybody is figuring out ways to make life feel a bit more normal again. DoorDash is on the go delivering food from … [Read more...] about ORANGE COUNTY HOUSING REPORT-DEMAND RISES

Even though the housing market has been hot, trends have emerged that confirm that it is rapidly cooling. Cracks Appearing: Trends have developed which demonstrate that the hot housing market is cooling due to the Coronavirus. The Coronavirus has quickly evolved from bumping elbows and not holding hands at church to social … [Read more...] about ORANGE COUNTY HOUSING REPORT-CRACK IN HOUSING MARKET BUT LIGHT AT END OF TUNNEL

Currently, COVID-19 is not having a significant impact on the housing market, yet its effects will eventually be felt in the real estate trenches. The Coronavirus and Housing: Despite all the news swirling about the Coronavirus, the Orange County real estate market is still rocketing forward with an Expected Market Time of 48 … [Read more...] about ORANGE COUNTY HOUSING REPORT-MORTGAGE RATES AT RECORD LOW

Housing demand has skyrocketed due to historically low rates that are not going anywhere anytime soon. The Impact of Low Rates: A buyer’s purchasing power has dramatically improved thanks to ultra-low mortgage rates. Attending an air show for the first time is quite an experience, especially when fighter jets take off … [Read more...] about ORANGE COUNTY HOUSING REPORT-RATES ARE THE FUEL,IT’S SIZZLING HOT