November 2021 RSS Feed

Orange County Housing Report:  November Housing Heat Wave

With an astonishingly limited supply of available homes to purchase matched up with blistering hot demand due to record low mortgage Rates, the overall housing market in Orange County is insanely hot.

Hot November Housing

With an Expected Market Time of only 23 days, the Orange County housing market is hotter than it has ever been for this time of the year. 

Housing has been dealing with an unrelenting heat wave of its own since last year. After coming out of the COVID lockdown protocols, the inventory dropped, demand soared, and housing reached record breaking temperatures from July through the end of 2020. It never cooled. In fact, the 37-day Expected Market Time reached in…

Orange County Housing Report:  Housing Insanity: When Will It End?

The residential resale housing market has been at an unrelenting, torrid, insane pace since July of last year, and, seemingly, nothing will slow it down.

Interest Rates Juicing the Market

Historically low rates have led to the Expected Market Time dropping to 23 days, the lowest level for this time of year since tracking began in 2004.

For buyers waiting for the market to slow and turn more favorably towards the home shopper, there seems to be no light at the end of tunnel. Housing has lined up in favor of sellers since 2012. Many thought that the pandemic would slow housing, create a deep recession, and erode home values, giving buyers that much desired edge. Instead,…