Orange County Housing Market News

It's hard enough for buyers to get into escrow right now, make one mistake and you could lose out on your dream home. In today's episode I discuss the top 5 mistakes I see buyers make and how to avoid them to give yourself the best shot at getting into the home of your dreams in this crazy seller's market.

Inventory has finally started to rise in Orange County as well as the rest of Southern California. Inventory bottomed out in March which means we are now in the Spring market for housing so from here through the end of Summer/early Fall we should see available homes continue to rise. On the demand side, we did see a slight drop over the last few weeks which is due to 1) The typical housing cycle w...

Spring Orange County Housing Market Update - Sellers beware, the Spring shift is here 30-year fixed mortgage rate: 3.09%(was 2.65% at the beginning of the year) Inventory in Orange County dropped by about 1% in the last few weeks Demand in Orange County increased by about 5% in the last few weeks Median Sale price in Orange County is up 10% since last year(In all of Southern California it’s up by...

We are currently in the hottest seller’s market we have seen in my lifetime, unfortunately this also means buyers are finding it almost impossible to get their offers accepted right now. In part 2 of the series of “How to get my Offer Accepted in this HOT Seller’s Market”, I will be covering the risker strategies buyers can use to get their offer accepted. Non of these strategies are without risk...

In this episode I will go over some of the things you should be doing to built the best team around you before even starting the process of looking for a home. What does having a good team around you have to do with making your offer more competitive you ask? This episode breaks it down and gives you simple questions to ask when choosing your real estate agent, lender, and home inspector to make s...

Are we in another bubble in the housing market? The actual data and answer might surprise you. Let's take a look... For a more in-depth breakdown of the data used in this episode please visit: http://bit.ly/37Ro1D6​ Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexande...​ Follow me on Instagram at...

February Orange County Housing Market Update Since the beginning of this year, inventory continues to decline as buyers are snatching up homes faster than they are hitting the market. Over the last few weeks there has been a 5% drop in homes for sale while demand has picked up by a whopping 26% in Orange County. Interest rates are up slightly from the beginning of year (2.73% vs 2.65%) and are pro...

Did you know one of the biggest fears home sellers have in today’s market has nothing to do with selling their home? Instead, one of the most common questions I am getting right now is, “I know I can get my property sold, but what happens if I can’t find a new place to buy quick enough? Is there a way to protect myself from that so I don’t end up with no where to go when my home sells?”. YES! Ther...

Did you know one of the biggest fears home sellers have in today’s market has nothing to do with selling their home? Instead, one of the most common questions I am getting right now is, “I know I can get my property sold, but what happens if I can’t find a new place to buy quick enough? Is there a way to protect myself from that so I don’t end up with no where to go when my home sells?”. YES! Ther...

January 2021 Orange County Housing Market Update: We are starting the year in the hottest seller’s market in recent memory… As I predicted in the December market update, we have started off the year with the lowest inventory of homes in OC since tracking begin in 2004, and because of this, the housing market is coming out of the gate on fire in 2021. Compared to last year there are 48% less homes...

OC Housing Market Update for December, the data: SUPPLY -Inventory fell 9% in the last two weeks and 19% in the last month lowest level since tracking begin in 2004 -15% more homes actually hit the market in November this year compared to last year but we sold 25% more than last November which is why the supply keeps dropping -44% more homes available at this time last year DEMAND -3% drop in the...

The Starbucks holiday cups are here, and last week if FINALLY started to feel like Fall here in Southern California. Usually, the traditional Fall market for housing, where you start to see both supply and demand steadily drop, starts at the end of September. This year however, because of the delayed start to the Summer market as well as historically low interest rates, the housing market has been...

Selling your home soon? Want it to sell quick while maximize your profit? In today’s episode I interview Debbie Chow the owner of Stage to Amaze here in Orange County and we discuss how staging your home can help lead to more interest, more offers, and ultimately a higher sale price. We also go over what to expect when staging your home, how much it costs, and some tips any seller can do with or w...

How long will it currently take to get your home into escrow in Orange County based on your homes value? What are the top 5 ways to make your home stand out to buyers and make sure you are getting the maximum number of offers and ultimately the highest price from you home? Check out this episode to find out! To access the charts I reference during the podcast, please visit: http://www.joshalexande...

Market Overview The Fall market is in Full swing, kids are back at school in one form or another, and although it’s happening a little slower than normal, the market is continuing to cool down as we move into October. Supply and demand have both decreased over the last month, but the numbers are so small that you likely won’t even notice a difference. Supply is still extremely low, and demand is s...

What is Title Insurance? Do I Need it? In this episode, I interview David Glanzrock, a VP at Fidelity National Title and we discuss what title insurance is, what it covers, and even though it’s boring, why you need to have it to protect yourself as a buyer or seller during a real estate transaction in California. One of the best quotes from David that I think sums up title insurance pretty well is...

Thinking of selling your home sometime before the end of the year? Wondering how Covid-19 has impacted the process? This episode is for you. About 4 months ago, I made a similar video about how to stay safe during covid(link below), but I wanted to provide an update because things have changed now that we are almost 6 months into this since the initial lockdown happened. Things are starting to slo...

August 2020 Orange County Housing Market Update It’s already that time of year again, kids are going back to school(virtually or in-person) which signals the start of the Fall market for real estate. We have most likely hit the peak demand as well as supply and over the coming weeks and months, we will see a gradual decrease in home buying and selling activity because many families don’t want the...

Today we wrap up the three part series of how to buy a home in California and in this episode we are covering the topic I get the most questions about, ESCROW. Over the last two weeks, I talked about creating a budget for homeownership, how to search for a home during Covid, and how to place competitive offers to give yourself the best chance of getting your offer accepted. So if you haven’t alrea...

In today’s episode, I will be going over part 2 of the 3-part series on how to buy a home in Southern California. Last week we talked about creating a budget, so especially if you are a first-time home buyer, if you haven’t seen that yet, I recommend going back to the last episode to check it out before moving onto this one. Today we will be going over: 1) The process of setting up a search and th...

In Part 1 of a 3 part series of how to purchase a home in California, we will be going over the most important step of the process, budgeting. This will help set yourself up for not only a successful home purchase, but will keep you from becoming "house poor" as soon as you move in. There is a lot that goes into creating a budget, and we will be covering the three main areas you need to lo...

Thinking of buying a home and don't have 20% down? Did you know there are multiple loan programs out there where you can put as low as 3% down for a home? In today’s episode, I invited back Mina Yasuda from JMAC Lending to discuss... 1) The differences between FHA and conventional low down payment home loans (Did you know you can get a conventional loan for as little as 3% down!?) 2) Is it worth s...

Demand is likely hitting it’s peak and has started to level out before it will most likely start it’s traditional decline by the end of August as kids start to go back to school(in-person or virtual). However, this doesn’t mean we are going to fall out of a seller’s market anytime soon. Interest rates just hit another all time low and actually fell below 3% for the first time ever this week, suppl...

In this weeks episode, we dive into some common questions surrounding buying an investment property. What are the risks if you self manage your investment property? How do you ensure you are screening tenants the correct way? How does getting a loan to buy an investment property differ from buying a home you plan on living in? We will answer all these questions and more with my special guests, Ant...

Finding the right lender to work with is one of the most important parts of preparing to buy a home. If you pick the wrong one, you usually don't find out until halfway through escrow where problems tend to pop up, and by that time, in most cases, it's too late to do much about it and you risk losing the home of your dreams. The right lender offers you more than just the lowest advertised rate, th...