Orange County Housing Market News

As we head into October and get closer to Halloween, the Orange County housing market forecast seems to be getting scarier by the day. Right now there are so many headlines out there that are often contradicting each other it makes it really hard to make sense of what is actually happening here in our local market. As always, let's take away the headlines and actually look at what the data shows i...

When being jolted from the hottest seller's market we have ever seen to a market that is more in balance in such a short period of time, one of the biggest mistakes to avoid when selling a house in the next 12 months is going to be hiring an agent that doesn't understand how to property market a home and who doesn't use data to better understand what the market is doing. Things are shifting so qui...

If you haven't heard the term mortgage rate lockdown yet, get ready to start hearing about it soon. Conditions are unfortunately perfect for this to happen in today's housing market. When we come from a period of extremely low interest rates and it's followed by a rapid increase in rates, it makes it extremely difficult for a lot of homeowner to move because mortgage payments, even for the same pr...

What comes with a house when it's sold, and maybe more importantly what are the sellers allowed to take with them when they sell their home? Luckily for Californians, the home purchase contract makes most of this crystal clear and even though there are still a few grey areas, they can be cleared up quickly with the correct wording when making an offer on a home. This episode goes over what the pur...

What will happen this Fall in the Orange County housing market? With how fast the housing market is changing it's impossible to predict with 100% accuracy. Will we see prices fall? What should sellers and buyers expect? Let's look at the data and some of the normal trends we see around the Orange County housing market this time of year to get a realistic idea of what you can expect to happen and s...

Interest rates are at 15 year highs, demand is lower than anytime since 2007. So why are we not seeing home prices plummet in Orange County right now? One word. SUPPLY. Supply started the year at the lowest level ever and this year we have seen 17% less homes hit the market in Orange County than usual. Until we get supply back up, the market is going to remain stable for the foreseeable future. Ho...

When buying a home there are a lot of factors to consider, but did you know how important finding a home next to a great school district is? How does it impact your home value? How do you research and compare the quality of schools? What are some of the best school districts in Orange County California? If you have kids or don't, let's look at why researching the school district when looking for a...

Rental prices in Orange County have been on the rise for years but we have seen some of the most dramatic increases ever over the last 12 months. In this episode I cover how much rental prices are rising, the reasoning behind it, and what to expect if you are thinking of looking for a rental or have a lease renewal coming up. If you are a current or future renter, this episode is for you!

Orange County housing market update for August 2022. The housing market in Orange County has been wild over the last 3 months but it looks like things are starting to stabilize. Trends are showing supply is increasing at a slower rate and demand, although still slightly dropping, seems to have come close to bottoming out. The main contributing factor to this stabilization has been interest rates d...

Did you know when a seller issues a counter offer to a buyer they have two different forms available for them to use? One is more advantageous to the buyer and the other to the seller. Which is which? How are these forms used? Learn about them here so you aren't caught off-guard when buying to selling a home in Southern California. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 71...

Will mortgage rates go up or down during a recession? Looking at data from all recessions in the past 40 years, it's pretty clear. In 100% of those recessions, mortgage rates first spiked and then went down by they end of the recession. Once we see inflation peak and start dropping, you can expect mortgage rates to do the same. At the same time, the feds will also typically lower rates to encourag...

For the first time in what seems like forever the trends in the housing data for Orange County are starting to show that there is a way for us to get to a buyer's market before the end of the year. However, the chances are still very slim and even if we do, don't expect prices to fall in any significant way. THIS IS NOT 2007. So what should you do if you are thinking of buying or selling a home th...

The fed just announced a rate increase of .75% this week. Will this increase impact the housing market? If so, how does it impact the housing market and what should you expect as we head into summer as both a buyer or seller? Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking...

Ever wonder how to sell your home faster and for top dollar? Are you afraid of the selling process because you think it will be stressful and complicated? This video goes over my 10-step process of how I go about selling homes faster and for top dollar while eliminating as much stress as possible for the homeowner.

Thinking of selling or buying a home this Summer? The housing market is changing quickly in Orange County California and if you don't have the proper expectations set as both a both a buyer and seller it can lead to disappointment and frustration. Let's take a look at what to expect in the housing market as school gets out and the busiest time of the year for real estate kicks off.

Home prices are at all time highs, demand is dropping, supply is increasing, are we about to see a repeat of the 2008 housing market meltdown? As always, let's look at the actual data and see how today's housing market is on much more solid ground than back in 2008 and why the cooling in the housing market we are currently seeing is actually a good thing. Josh Alexander THE brokeredge JoshAlexande...

As a recession seems more and more likely to hit in the coming months(if we aren't already in one right now). Many home buyers and sellers are asking what will a recession do to the housing market? Will prices fall like the previous recession? Are we reaching a peak? When you look at the data on how the housing market faired during the last 5 recessions it actually shows a much different story. Jo...

Interest rates have shot up over the last few months to well above 5%. What does this mean for the Orange County housing market? Demand is dropping and supply is increasing at rates not seen in years. Did we hit the peak and are we about to see a market crash? I'll go over the actual data to give you a data driven answer in today's episode of Orange County Housing Market News. Josh Alexander THE b...

You just had your home inspection done and the report just dropped into your inbox. Now what? How do you read an inspection report and more importantly, how do you use the inspection report to ask the seller to repair something? I go over all this and more and this video is also the first in the series I am doing on how to buy a home in California. So if you are thinking of buying a home in the Or...

Interest rates have skyrocketed over the last 6 weeks. How is that going to impact the April housing market? Will we see a market correction? What should buyers and sellers expect in the Orange County housing market as we head toward Summer? I go over all this and more in the April housing market update. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Fol...

Interest rates are rising fast, home prices are at all time highs. How do I know if now is a good time to buy a home? Is it too risky? What should I be looking at to determine if buying a home is still a good idea this year? When should I buy and when should I wait?

The age old question, should I be buying a home when home prices are high but interest rates are low or wait for home prices to drop and then buying even if interest rates are high? Let's run the numbers to find out. In this episode we go over the most likely reason home values would drop in the near future and how that might impact buyers who are on the fence when it comes to when to buy a home....

Spring is HERE! What should you expect in the 2022 housing market in March and beyond? How has the war in Ukraine impacted the housing market? I go over all that and more in the March 2022 housing market update. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagra...

The housing market has been and still is on fire right now, however two key indicators that tend to predict what the housing market will do in the future are showing a slow down might be around the corner. Are we about to see a shift in the market, and if so, what can we expect? Let's take a look. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me...

If you have been hoping that it will be easier to buy a home this Valentine's Day in Orange County, I'm here to break your heart. The housing market is still on fire and just continues to get hotter in February, even as rates continue to rise. Demand is sky high from buyers having FOMO and inventory is still thousands of homes away from a normal market. Seller's get ready to make some money, buyer...