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 […]
Mortgage Rates Hit Record Lows
One of the few bright spots for home buyers and owners in 2020—a year marred by a pandemic, economic recession, social unrest, wildfires, hurricanes, and a highly polarized presidential election—has been rock-bottom mortgage interest rates. Mortgage rates have been tumbling since COVID-19 disrupted the nation’s economy, achieving what many experts had believed was impossible: They […]
How Long Does It Take to Buy a House?
How long does it take to buy a house? While estimating a timeline for home buying will depend on many variables, real estate experts estimate that the average time required is around four months. This timeline is important for buyers to keep in mind for a variety of reasons. Many buyers might hope to time […]
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