OC Housing Report: Hype Versus Data

Orange County Housing Report: Hype Versus Data

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

 

Stick to the Facts

The best advice in hearing all the talk swirling around the belief that a real estate crash lurks around the corner is to ignore the noise and stick to the facts.

 

FACT – The active inventory in Orange County is at its lowest level in May since tracking began in 2004

FACT – Mortgage rates have reached a height and will eventually drop as the economy cools, instigating higher demand. 

FACT – The housing market is scorching, with the market time dropping to 39 days, its lowest level since May last year. 

 

See photo below for a Snap Shot of the current OC Housing Report: Hype Versus Data

(Due to Posting Restrictions, To View the Full Report Email Us at [email protected]   or Call 949.770.9888 for a FREE Copy of the Report)

 

If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!

 

Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!

 

 

 The Wright Team…For All Your Real Estate Needs!!

 

 

 

 

 

 

 

 

 

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