August 2021 RSS Feed

Although home values have been skyrocketing at a record  pace, eating into affordability, the housing market is not going to cool anytime soon. 

Housing Will Remain Hot

The Expected Market Time has remained at unprecedented low levels and will not budge much for the remainder of the year.

 Everybody looks forward to the Super Bowl. It is not just the excitement surrounding championship football, or the extravagant, over-the-top television commercials, or getting together with family and friends to enjoy the game. It is also about the bountiful feast, the plethora of food options. Hamburgers, hot dogs, chicken wings, several varieties of chips, nachos, chili-cheese dip, spinach-artichoke dip, cheese, crackers, nuts, pretzels, beer, soda,…

Orange County Housing Report:Forbearance, Foreclosures, Facts

Seemingly everyone is expecting a wave of foreclosure due to forbearance, yet taking a closer look at the facts reveals that it simply in not going to happen

The Distressed Market

Fewer homeowners are opting to sell despite homes appreciating to record levels.

The general public fears that the national forbearance program will lead to a wave of foreclosures and cause chaos in today’s sizzling hot real estate market. Everyone has heard of the vast number of homeowners who have turned to forbearance during the pandemic amidst economic shutdowns and slowdowns. Forbearance allowed borrowers to pause their payments. Repayment of the missed payments can be done all at once, with a…

Ever since the Great Recession, far fewer homeowners have been selling their homes annually, and now even fewer areopting to participate in selling their homes.

Lack of Sellers

Fewer homeowners are opting to sell despite homes appreciating to record levels.

Homeowners across the nation watched the housing market take a brutal pounding during the Great Recession as their equity vanished in a blink. Many lost their homes to foreclosures or short sales. As a result, remain in their homes for a lot longer. There are fewer homeowners who opt to sell every year, and even with record home values, the trend continues.

It is not just an Orange County phenomenon or isolated to just Southern California. Nor is it unique to the state of California. A…