Orange County Housing Report: The Sky: NOT Falling
Many are jumping to extreme conclusions about the impact of higher rates, high inflation, and a potential recession on the housing market.
A Seller’s Market Will Prevail
While the market is slowing, it is gradually evolving from its out of control, insane pace, to a normal Seller’s Market where pricing will be fundamental in finding success.
In flipping open a Merriam-Webster Dictionary and looking up “Chicken Little,” it states, “one who warns or predicts calamity especially without justification.” Economists are used to the constant chatter about recessions, bubbles, and plunging home prices. The current economic environment has amplified the noise: surging interest rates, highest…