OC Housing Report: A Powerful Beginning

January 15, 2024

Unlike the sluggish start to 2023, this year’s housing market has kicked off with a scarcity of homes available and a much faster pace. The 2024 Start With the second-fewest homes to start a year since tracking began in 2004, the Orange County housing market is already hotter than pre-COVID years. ATTENTION BUYERS: Waiting for […]

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OC Housing Report: Scraping The Bottom

November 28, 2023

Orange County Housing Report: Scraping the Bottom The active inventory, buyer demand, and the number of homeowners willing to sell have been bouncing around a bottom all year, so it is only up from here. Low Readings for a Year Now Housing is finally at a point where year-over-year statistics will isolate the slightest signs […]

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OC Housing Report: Is The Price Right?

November 7, 2023

Orange County Housing Report: Is the Price Right? For sellers who initially do not price their homes carefully and must reduce down the road, they likely will net less upon closing.  Pricing Too High Can Be Costly To walk away from closing with the most money, it is crucial to carefully price a home at […]

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WOW! Time to Celebrate!

November 2, 2023

IN ESCROW! 169 Encantado Cyn Rancho Santa Margarita 92688 Offered at $879,900 ONLY 8 DAYS ON THE MARKET! This home has been completely remodeled and features 3 bedrooms and 2.5 baths, meticulously upgraded with the finest finishes and attention to detail. High end Porcelain tile flooring, energy star windows with stained wood frames throughout. Comfortable […]

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OC Housing Report: Rates Rise, Values Slip

October 18, 2023

Orange County Housing Report: Rates Rise, Values Slip As rates surge higher and affordability diminishes even more, smaller changes in market times shift the market in the buyer’s favor. Higher Rates Squeeze the Market An Expected Market Time of 60 days is considered a Balanced Market today, yet that level used to be a Hot […]

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RE Term: Multiple Listing Service

October 16, 2023

Only real estate agents can add properties to the Multiple Listing Service (MLS) — and there are major benefits to having your home listed.        ◊ Visibility to buyer’s agents. Since the MLS includes more detailed and up-to-date information than online aggregators like Zillow, real estate agents use it to find potential homes […]

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Income Properties Are Trending, But Is Landlord Life for You?

October 11, 2023

                   If the thought of investing your money into brick and mortar—or perhaps some stylishly-painted siding—excites you, join the club.   Investing in real estate has long been one of Americans’ favorite ways to grow their wealth. In fact, over 70% of single-family rental properties are currently […]

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OC Housing Report: Sluggish, Yet No Slide Ahead

October 9, 2023

Orange County Housing Report: Sluggish, Yet No Slide Ahead With sky-high rates and a collapse in home affordability, many wrongly conclude that there will be a wave of foreclosures and it is just a matter of time before the housing market crashes. No Distress and No Crash in Housing Collectively, homeowners across the U.S. are […]

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Do’s and Don’ts When Applying for a Mortgage

September 26, 2023

Applying for a mortgage? Here are the DOs and DON’Ts you need to know!   Ready to start your home search? Connect with us for a referral to one of our trusted mortgage professionals to get your pre-approval.     Ed & Julie Wright 🪧 #TheWrightTeam 📲 949.770.9888  DRE#00767891/01258209       #TheWrightTeam #TheWrightHome #realestate […]

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OC Housing Report: Challenges of Supply Situation

September 20, 2023

The inventory was falling from year to year before the pandemic, but levels have grown more acute post-COVID with a lack of forced selling and far fewer homeowners placing their homes on the market. Similarly, finding homes available for sale has been getting harder and harder. While there used to be an abundant supply of […]

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