The shortage of inventory in the Orange County real estate market has created something of a buying frenzy. Recent survey results from the California Association of Realtors® show that 60% of all available property in the marketplace receives more than one offer. That is the highest percentage of multiple offer scenarios in over ten years, […]
Category: The State of Real Estate
The California Association of Realtors® recently reported a three-month supply of available property, a volume estimate so low that it is creating intense competition and bidding processes and driving prices northward. Orange County housing prices are increasing at rates and to levels that haven’t been seen since 2006. Interest rates remain at historic lows and […]
Don’t Rock the Boat! Keep the Mortgage Interest Deduction Many REALTORS® have asked for information on the debate surrounding the mortgage interest deduction that they can share with family, friends and colleagues. REALTORS® and the public alike are urged to share the information in this email with as many people as possible. Background Congress, as […]
Home prices are expected to rebound in 2013, this according to Chapman University’s 2013 economic forecast released Wednesday. A more robust housing recovery will be held back by the tepid job growth. The report anticipates Orange County home values will appreciate 4.2 percent this year followed by a 6.8 percent increase in 2013. But, just as with […]
There’s good news for Brea home owners. According to the California Association of Realtors, California recently saw the eighth straight month of annual price gains when it comes to real estate in October. The year-over-year increase was the largest since May 2010, while the median price of an existing, single-family detached home was up 23% […]
Consumer attitudes towards the current real estate market seem to look up. Even so the ecomony seems to not have the positive outlook housing does. With the sentiment that interest rates will rise, home buyers have flocked into the real estate market to buy while rates remain low. These were some of the views of […]