OC Housing Report: Values Will NOT Plunge

July 5, 2022

Values Will NOT Plunge   Many believe that the rapidly slowing housing market will lead to crashing home values, yet the facts do not support this theory.   No Crash Around the Corner! Housing data illustrates that there is not a housing crash on the horizon.   Below is a Snap Shot of the current OC […]

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Will Rising Mortgage Rates Impact Home Sellers?

June 29, 2022

Buyers already know that higher mortgage rates can increase their monthly payment. But sellers might be surprised to learn that rising rates could impact them, as well. Watch the video to find out what you should consider if you’ve been waiting to sell your home. Then contact us today to schedule a free consultation. Whether […]

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Testimonial Tuesday!!

June 28, 2022

Testimonial Tuesday! 🎉🎉 Thankful for our amazing clients we have the privilege to represent!                    #theWRIGHThome #theWRIGHTteam #TestimonialTuesday #listing #sellers #buyers #homesearchers #hotmartket #closedescrow #happysellers #realestate #realestatemarket #realestateagent #ExpertRealEstateAgents #findingdreamhomes #lovemyjob #platinumedgeproperties #helpusellwright

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Obstacles to New Construction

June 21, 2022

Existing home inventory is low—so build your own, right? Unfortunately, it’s not always that simple. New construction has slowed significantly due to worker and material shortages–causing challenges for homebuyers and builders alike. However, there are options if you have your heart set on a brand-new build. Contact us to discuss the current opportunities in our […]

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OC Housing Report: Summer Slowdown

June 20, 2022

SUMMER SLOWDOWN   The shift in housing due to higher rates has already made a significant impact on the housing market, and it will slow further over the summer.  Housing will continue to cool. Since demand’s early peak at the end of May, the Expected Market Time has jumped from 20 to 45 days, growing […]

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Higher Rates and Short Supply: The State of Real Estate in 2022

June 13, 2022

The last two years caught many of us off guard—and not just because of the pandemic. They also ushered in the hottest housing market on record, with home prices rising nationally by nearly 19% in 2021, driven primarily by low mortgage rates and a major supply shortage.1 But while some had hoped 2022 would bring […]

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OC Housing Report: Current Affordability Challenges

June 9, 2022

Affordability Challenges   When escalating home prices are matched with much higher mortgage rates, home affordability dramatically weakens and results in fewer buyers able to make a purchase.   Demand is Dropping Due to Affordability. Lower rates had propped up affordability, yet today’s higher interest rate environment is impacting demand as many home buyers struggle […]

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Preapproval vs Prequalified

June 2, 2022

                Should you get preapproved OR prequalified for a mortgage?   Or both?   The two terms are often confused because they are so similar. But in reality, they are very different.   🏠 Getting prequalified for a mortgage doesn’t entail a credit check or official documentation. This […]

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OC Housing Report: The Sky: NOT Falling

May 25, 2022

THE SKY: NOT FALLING MANY ARE JUMPING TO EXTREME CONCLUSIONS ABOUT THE IMPACT OF HIGHER RATES, HIGH INFLATION, AND A POTENTIAL RECESSION ON THE HOUSING MARKET. A seller’s market will prevail while the market is slowing. It is gradually evolving from it’s out of control, insane pace, to a normal seller’s market where pricing will […]

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Seller on the Move…

May 24, 2022

Just Sold | 📍 49 Trofello Ln, Aliso Viejo   2 bed | 2.5 bath | 1,148 sqft.   Sold at $730,000 Seller Saved $14,600 in Commissions with Our Flexible Commission Structure   Congratulations to our client for closing escrow and the adventures that await him out of state in his new home! Whether you […]

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