Preview Orange County Real Estate Blog - September, 2022

Will My House Sell in Today's Market?

If recent headlines about the housing market have you worried you’ve missed your chance to sell, here’s what you need to know. Buyer demand hasn’t disappeared, it’s just eased from the peak intensity we saw over the past two years. 

Buyer demand then and now 

During the pandemic, mortgage rates hit record lows, and that spurred a significant rise in buyer demand. This year, rates increased due to factors like rising inflation, buyer demand pulled back or softened as a result. The latest data from Showing Time  confirms this trend (see graph below): 

The orange bars in the graph above represent the last few months of data and the cool down in the volume of home showings the market has seen since mortgage…

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The Ability to Negotiate is Back for Home Buyers!

If you’re thinking about buying a home today, there is welcome news. Even though it’s still a sellers’ market, it’s a more moderate sellers’ market than last year. And the days of feeling like you may need to waive contingencies or pay drastically over asking price to get your offer considered may be coming to a close. 

Today, you should have less competition and more negotiating power as a buyer. That’s because the intensity of buyer demand and bidding wars is easing this year. So, if bidding wars were the biggest factor that had you sitting on the sidelines, here are two trends that may be just what you need to re-enter the market. 

1. The Return of Contingencies 

Over the last two years, more buyers were…

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Is The Real Estate Market Slowing Down, or Is This a Housing Bubble?

The talk of a housing bubble in the coming year seems to be at a fever pitch as rising mortgage rates continue to slow down an overheated real estate market. Over the past two years, home prices have appreciated at an unsustainable pace causing many to ask: are things just slowing down, or is a crash coming? 

To answer this question, there are two things we want to understand. The first is the reality of the shift in today’s housing market. And the second is what experts are saying about home prices in the coming year. 

The Reality of the Shift in Today’s Housing Market 

The reality is we’re seeing an inflection point in housing supply and demand. According to realtor.com, active listings have increased more than…

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SOLD! Ocean View Contemporary Design Home in Corona Del Mar

Occupying a presence that cannot be denied, this incomparable residence enriches your lifestyle while showcasing phenomenal panoramic ocean, harbor, beach, main channel, sunset and evening-light views from both levels. Set on a bluff in corona del mar’s highly sought-after village, the rewards of custom style and attached-home convenience combine in one awe-inspiring architectural masterpiece. Highlighted in the pages of premium publications including interiors magazine, the modern, contemporary design reveals two en-suite bedrooms and two-and-one-half-baths, including a posh primary suite with stunning ocean views. A steel-faced fireplace captures the eye in the suite, which displays a soaking tub, two glass vessel sinks, a TV that remains concealed…

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OPEN HOUSE-Saturday, September 17 from 1-4 p.m.

Coastal Chic Two Story End Unit Townhome Located In The Highly Sought-After Eastside Costa Mesa Neighborhood. This Light & Bright Open Floorplan Has Been Completely Upgraded Inside & Out, Leaving No Detail Untouched. The Spacious Living Room Wraps Around A Contemporary Modern Cozy Fireplace & Opens To The Dining Area. The Gourmet Kitchen Boasts Custom Cabinets, Granite Countertops With Exquisite Stone Back-Splash, & Tumbled Stone Flooring. Additional Highlights Include: Laminate Wood Floors, Travertine & Designer Carpeting Upstairs, Vinyl Windows & Slider, Plantation Shutters & Cased Windows & Doors, Beautifully Remodeled Bathrooms, & Generously Sized Bedrooms With Large Closets & Ceiling Fans. Entertain In Your Covered & Private Back Patio With A…

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Expert Forecast on Mortgage Rates

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? 

As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts. 

Experts Project Mortgage Rates Will Stabilize 

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll start to stabilize in the months ahead. According to the…

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Just Listed-Coastal Chic Two Story End Unit Townhome Located in Eastside Costa Mesa

Coastal Chic Two Story End Unit Townhome Located In The Highly Sought-After Eastside Costa Mesa Neighborhood. This Light & Bright Open Floorplan Has Been Completely Upgraded Inside & Out, Leaving No Detail Untouched. The Spacious Living Room Wraps Around A Contemporary Modern Cozy Fireplace & Opens To The Dining Area. The Gourmet Kitchen Boasts Custom Cabinets, Granite Countertops With Exquisite Stone Back-Splash, & Tumbled Stone Flooring. Additional Highlights Include: Laminate Wood Floors, Travertine & Designer Carpeting Upstairs, Vinyl Windows & Slider, Plantation Shutters & Cased Windows & Doors, Beautifully Remodeled Bathrooms, & Generously Sized Bedrooms With Large Closets & Ceiling Fans. Entertain In Your Covered & Private Back Patio With A…

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Feature City-Laguna Beach

Laguna Beach - Southern California's Premier Coastal Destination The artist colony of Laguna Beach is one of Orange County’s hidden gems, located halfway between Los Angeles and San Diego. The city’s topography is unique to other California coastal cities with its seven miles of coves and beaches where visitors can explore sea caves, tide pools, ocean side bluffs, natural tide pools and of course, sandy beaches, all within city limits. Laguna Beach also boasts the most beachfront lodging options in all of California, making it an ideal spot for a…

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