OC Housing: Sum-Sum-Summertime

June 19, 2023

Orange County Housing Report: Sum-Sum-Summertime Housing’s Summer Market has arrived, and with it comes an increase in inventory, a slight decrease in demand, and a rise in the market time.          The Summer Housing MarketExpect the Orange County housing market to slow slightly yet to remain exceptionally hot. Active ListingsThe active inventory […]

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National Real Estate Market Update for 2023

June 12, 2023

                  There’s an old adage in real estate: location, location, location. But ever since the Federal Reserve began its series of inflation-fighting interest rate hikes last year, a new mantra has emerged: mortgage rates, mortgage rates, mortgage rates.   Higher rates had the immediate impact of dampening […]

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Why Home Sellers Listed Their Homes

June 8, 2023

How do you know when it’s time to sell?   According to a recent survey by the U.S.-based National Association of Realtors, these are the top 5 reasons respondents listed for selling their homes.   Ready to take advantage of the current market or to find a home that better fits your needs? Reach out […]

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OC Housing Report: Different Flavors of the Market

June 5, 2023

The Orange County housing market is not the same for every price range; some are hot, while others are not. The market is scorching hot for detached homes priced below $1.5 million, with Expected Market Times below 40 days. The hottest price range is homes priced between $750,000 to $1 million with an Expected Market […]

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OC Housing Report: Hype Versus Data

May 31, 2023

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 […]

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How to Become a Homeowner on a First-Time Buyer’s Budget

May 15, 2023

                It’s not easy being a first-time homebuyer right now. At the end of last year, housing affordability hit an all-time low.1 Additionally, mortgage rates have risen significantly since 2021, while inventory remains tight for many property categories, but especially for starter homes. Even lower-priced condos are harder […]

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OC Housing Report: Constrained 2023 Inventory

May 10, 2023

Orange County Housing Report: Constrained 2023 Inventory The high mortgage rate environment has prevented many homeowners from selling their homes, and the trend has only deepened this year. Lack of Sellers From January through April, there were 46% fewer sellers than the average before COVID, more than 6,500 missing FOR-SALE signs.  Active Listings The active […]

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OC Housing Report: Housing Insanity Returns

April 19, 2023

Orange County Housing Report: Housing Insanity Returns With the number of available homes to purchase at extremely low levels, there simply are too many buyers competing against each other despite high mortgage rates. A Seller’s Market When the Expected Market Time drops below 40 days, the housing market leans heavily in favor of sellers. Active […]

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5 Ways to Save on a Home Purchase

April 17, 2023

Buying a home can be daunting—and expensive. Here are some tried-and-true strategies to save money on your home purchase. Ready to start your home search? Call today to schedule a free consultation!   📲 949.770.9888 📧 [email protected] 🪧 DRE#00767891             #TheWrightTeam #BuyerTips #RealEstate #RealEstateAgent #HomeBuyerTips #SpringRealEstatemarket #HomePurchaseTips #PersonalFinance #OCRealEstate #OrangeCountyRealEstate […]

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OC Housing Report: A Buying Opportunity

April 10, 2023

Prospective home buyers are perplexed at today’s competition to purchase, which will only amplify when rates drop in the future.   Mortgage Rate Projections Many experts forecast mortgage rates to drop into the 5’s by year’s end.   Active Listings The active inventory continued to fall, declining by 1% in the past couple of weeks. […]

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