Orange County Housing Market News

Demand has been on the rise for more than 2 months now, while supply is still at historic lows. This is creating a hot seller's market in Southern California, including Orange County. Over the last 2 weeks in Orange County, demand has gone up by 24% while supply has actually gone down by 2%. Mortgage applications are at a 11-year high, supply is at a 7-year low, and demand is almost at a 7-year hi...

In this episode, Mina Yasuda, a mortgage advisor for JMAC Lending returns and we discuss some of the most common questions we both get from first time home buyers. If you are thinking of looking for your first home, this is a good place to start. Some of the questions we discuss are: 1. What is a buyer’s agent and why should I use one? 2. Do I need a 20% downpayment to purchase a home? 3. Can I ge...

The end of May Orange County housing market update is here! Wow what a change we have seen over the last 3 weeks. While other industries are projected to see a U shaped recovery, the housing market is currently looking more like a V shape. Demand has skyrocketed while supply is finally starting to pick up steam. It might be a little late for the start of the Spring market, but it looks like we wil...

In this market update will look back at the data from April and the first week of May to see where the supply and demand are trending for the housing market and what that means for future home prices. We will also look at the F words(forbearance and foreclosure) that you have probably been reading about in the headline news to see how much they might impact the market, and finally we will look at...

In episode 3 of the coronavirus Orange County housing and lending market update I brought back Mina Yasuda and we discuss three main topics: 1) Why this recession won't impact housing like the great recession of 2008 2) Updates on the mortgage market that have helped stabilize the industry 3) Update on the housing market on Orange County and how the supply and demand curves are starting to show th...

Have you been thinking of selling your home this Spring but are now uncertain because you're not sure how risky it is? In California, real estate is still considered essential. So, if you're going to sell your home during this pandemic, you need to make sure you are not only aware of how the selling process has changed in the last few weeks, but know how to keeping yourself safe and eliminating as...

In California, real estate is still considered essential. So if you are going to purchase a home during this pandemic, you need to make sure you are not only aware of how the buying process has changed in the last few weeks, but know how to keeping yourself safe and eliminating as many contact points during a sale as possible. In this video I'll go over some of the changes the industry has made to...

In this Facebook Live interview, I talk to Dino Katsiametis the broker/owner of CA Coastal Loans. Some of the topics we cover are: ➡️Why interest rates have been fluctuating so much ➡️What has changed in terms of how people qualify for loans, ➡️What new processes and procedures have been implemented that might impact your escrow ➡️Where we sees the market going based on the latest data and much mo...

In this interview, which took place on April 1st, I talk to a mortgage lender and VP of Title Insurance and we discuss how much has changed over the last 2 weeks due to the impact covid-19 has had on Southern California real estate sales. A few topics we cover are: -What the current supply and demand is for the Orange County housing market -How the process has changed for buyers and sellers before...

The coronavirus is currently on everyone's mind. It seems like no matter how hard you try, you can't escape the headlines. So let's take a look at the actual data to see how the Orange County housing market is responding to the travel bans, shutdowns, and toilet paper panic. The quick answer is, as of now, there doesn't seem to be any noticeable impact, demand is still increasing and supply of hom...

The Spring housing market is officially here for Orange County! Holidays are over, the Super Bowl is over, which means the market is about to heat up. This has been one of the largest swings in supply and demand that I've seen in a long time. Supply is only up 3% over the last month while demand is up a staggering 47% over the same time period setting up the start of the Spring market to heavily f...

There is no crash in sight for the Orange County housing market. We are starting the year with not only historically low interest rates, but we also have some of the lowest inventory to start the year in recent memory. Low supply and high demand will keep the market stable and we will probably see appreciation during at least the first half of the year. I also expect the market to start heating up...

????Last market update of the year! ????What's happening right now in the market, and how it is setting up the housing market for 2020? Some key points to look at: -Still in a seller's market in December -The housing market will be heading into an even hotter seller's market starting January -Interest rates should stay low for the foreseeable future -Most economists are predicting appreciation of...

FHA loan limits will be increasing in 2020 for both Riverside and Orange County. FHA loans only require a minimum of a 580 credit score and 3.5% down payment which is why they are one of the most popular types of loans out there right now.

November Orange County Housing Market Update - Supply is starting it's normal decline for the holiday season(14% in the last 4 weeks), but demand is doing it's own thing this year and has actually increased by 3% over the last 4 weeks. Typically demand falls at about the same rate as supply. This increase is largely due to great interest rates and a strong southern california economy. Sellers who...