With low inventory and extremely strong demand, the Expected Market Time is at its lowest level to start October since tracking began in 2004. The expected market time for all of Orange County is at 38 days which is a Hot Sellers Market. It was 86 days last year at this time. Buyers: Affordability has improved with record low interest […]
Are Prices High because Rates are Low?
Why Are Home Prices Rising So High? Blame Record-Low Mortgage Rates. When the coronavirus pandemic gutted the strongest U.S. economy, many assumed another recession would bring rock-bottom home prices along with it. Instead, home prices defied logical assumptions—and soared to new heights. Paradoxically enough, one of the biggest drivers of the double-digit price hikes is […]
How We Bought an Unlisted Property
While trying to buy a house this summer, I assumed our real estate options were limited to homes that were officially for sale. Well, guess what? We ended up buying a house that wasn’t even listed—and learned that this home-buying strategy wasn’t just possible, but often preferable if you’re purchasing property in a competitive market. […]
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