OC Housing Report: Multiple Offers Again?!?
Posted 3/23/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Multiple Offers Again?!?
The lack of available homes to purchase has resulted in buyers competing against each other to buy despite low demand.
Low Supply and Multiple Bids Market Times have dropped like a rock since the start of the year, squeezed by not enough sellers.
Active Listings
The active inventory continued to fall, declining by 2% in the past couple of weeks.
Demand
Demand increased by 4% in the past couple of weeks.
Luxury End
The luxury market did not change much in the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Multiple Offers Again?!?
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
Termite Awareness Week
Posted 3/20/23
Information provided by The Paperless Agent
March is the peak of termite swarming season. 🐛
They may not be fun to think about, but termites can seriously damage your home’s integrity. Here are some pro-sourced tips to prevent an infestation:
1️⃣ Don’t let wood touch the soil. Keep wooden siding and door frames above the ground.
2️⃣ Keep your foundation dry. Check for leaks, and make sure your downspouts are directed away from the foundation.
3️⃣ Avoid feeding the termites. Don’t stack firewood against your house; clear vines, stumps, and roots away from your foundation.
4️⃣ Garden strategically. Keep a safe distance between shrubs and walls, keep grass cut short, and replace mulch near your home with stone or gravel.
5️⃣ Seal cracks and crevices. Close off any exterior entry points with caulk or foam sealant.
If you’re preparing to sell or purchase a home, we can advise you on whether or not a termite inspection is required or warranted. Contact us today!
📲 949.770.9888
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Help Your Home Make a Good Impression on Buyers
Posted 3/15/23
Information provided by The Paperless Agent
Has your home listing expired, or was it withdrawn without a sale? 😭
If so, don’t give up! We may be able to help.
Watch for a few of our top tips for sellers. Then read our latest blog post to learn more about how to rethink your approach to selling your home.
This marketing piece is not intended as a solicitation for properties currently in an exclusive agreement with another Broker.
📲 949.770.9888
OC Housing Report: Supply Dilemma
Posted 3/13/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Supply Dilemma
In the past few years, there has been a severe inventory crisis initially instigated by the pandemic and now due to the high mortgage rate environment.
Lack of FOR-SALE Signs
Since the pandemic, there have not been enough homes available, and 2023 is no different.
Active Listings
The active inventory continued to fall, declining by 4% in the past couple of weeks.
Demand
As rates increased in the past month, demand stopped surging and dropped by 2% in the past couple of weeks.
Luxury End
Luxury demand surged in the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Supply Dilemma
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
Online Home Value Calculators
Posted 3/8/23
Information provided by The Paperless Agent
Wondering how the roller coaster ride of the real estate market has affected the value of your home? 🎢
Don’t get too excited (or worried) about your home’s Zestimate or the value you find on another online calculator. While these tools can give you a sense of whether prices in your area are trending up or down, when it comes to individual homes, they can miss the mark.
No matter how much data these calculators crunch, they can’t take into account the intangibles of your property: the condition of your space, the updates and upgrades you’ve made, or the features that are (or aren’t) popular in your area.
That’s where Real Estate agents come in. We’re experts on the local market and know what buyers are willing to pay for a home like yours.
Curious about what your house is worth right now? To receive a full detailed home value analysis or answers to any Real Estate questions you may have give us a call! We are here to help!
📲 949.770.9888
🪧 DRE#00767891
My Home Didn’t Sell! Now What?
Posted 3/6/23
Information provided by The Paperless Agent
It’s every home seller’s nightmare—your house sat on the market for months with no bites.
If you’re in this situation, don’t panic. We’ve outlined the top reasons homes don’t sell, and we’re here to help you address them.
📅 Bad timing. Everything from the time of year to economic factors can make it harder to move inventory.
📸 Ineffective marketing. If you didn’t get many showings, your listing description and photos may need a redo.
🏡 Poor first impression. If buyers were visiting but not biting, you may need to reassess your home’s staging and curb appeal.
💰 Price was too high. The housing market is changing fast, and it’s essential to keep your price in line with buyer expectations.
🧑 You hired the wrong agent. If you feel that your previous listing agent didn’t do enough to sell your home, or you didn’t hire one in the first place, it may be time for a fresh perspective.
Read our latest blog post to learn more about why your home didn’t sell and what you can do about it ➡️ http://bit.ly/3YsKv4V
This marketing piece is not intended as a solicitation for properties currently in an exclusive agreement with another Broker.
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5 Questions to Ask Your Mortgage Lender
Posted 3/1/23
Information provided by The Paperless Agent
Are you thinking about buying a home in the near future? If so, it’s time to get your finances in order. Here are the top questions to ask your mortgage lender.
If you’re preparing to purchase but don’t have a mortgage broker or lender yet, don’t panic! Reach out for a referral to one of our trusted partners.
📲 949.770.9888
🪧 DRE#00767891
#TheWrightTeam #TheWrightHome #realestate #realestateagent #homebuyertips #personalfinance #firsttimehomebuyer #mortgagetips #OrangeCountyrealestate #OrangeCountyrealestateagents #flexiblecommissionstructure #saveoncommissions #fullservicerealestatecompany
OC Housing Report: Rates Pave Path For Housing
Posted 2/27/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Rates Pave Path for Housing
It is all about rates in the housing market, from the number of homeowners willing to sell to the volume of buyers able to afford to purchase.
Mortgage Rates
Not only do rates affect buyers, but they also impact the number of sellers.
Active Listings
The active inventory continued to fall, declining by another 5% in the past couple of weeks.
Demand
Demand soared by 18% in the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Rates Pave Path For Housing
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Hidden Costs of a Home Purchase
Posted 2/21/23
Information provided by The Paperless Agent
Purchasing a home is exciting—but your down payment isn’t the only financial requirement to prepare for. Factor these potential costs into your homebuying budget to avoid an expensive surprise.
Not every homebuyer will face all of these costs, but it’s important to be aware of what might come up during the purchase and move-in process.
Whatever your specific situation, we’re here to help. Reach out to schedule a free consultation today!
📲 949.770.9888
🪧 DRE#00767891
OC Housing Report: Housing Starting To Flex
Posted 2/13/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Housing Starting to Flex
After an extremely slow end to 2022, buyers are returning to the housing arena, demand is already up sharply, and market times are plunging fast.
Buyer Demand Coming Back
Pending sales are surging higher as housing bounces back from very low levels.
Below is a Snap Shot of the current OC Housing Report: Housing Starting To Flex
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
OC Housing Report: Turning Up The Heat
Posted 1/24/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Turning Up The Heat
With all the distractions of the holidays now in the rearview mirror, the housing market is about to heat up as demand soars and market times fall.
The Winter Market
The Winter Market is characterized by slowly rising supply, surging demand, and a fall in market times.
Demand
Demand increased by 4% in the past couple of weeks.
Luxury End
The luxury market has improved over the past couple of weeks.
Below is a Snap Shot of the current OC Housing Report: Turning Up The Heat
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
OC Housing Report: Sluggish Intro to 2023
Posted 1/11/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: Sluggish Intro to 2023
Unlike the insane, incredibly hot starts to 2021 and 2022, this year’s start is much different with very little demand, a muted inventory, and pre-pandemic market times.
2023 Start: With very little demand and a subdued inventory, real estate activity will be suppressed as the year gets underway.
WARNING TO SELLERS: If you are holding out for the Spring Market in anticipation of a quick sale and a price higher than the last comparable sale, that simply will not happen. Instead, sellers will be looking at a much more sluggish market with muted demand and buyers taking their time to purchase. Proper pricing is crucial to find success.
WARNING TO BUYERS: While home values may be falling right now, lowball offers are a waste of everybody’s time including your own. Distressed sellers, foreclosures, and short sales are NOT components of today’s market. There is a real lack of panic selling. Most sellers do not have to sell, so there will not be major “deals” like there were during the Great Recession.
Below is a Snap Shot of the current OC Housing Report: Sluggish Intro to 2023
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
Cut Your Energy Cost Day
Posted 1/9/23
Information provided by The Paperless Agent
January 10 is National Cut Your Energy Costs Day! 💡
How are you keeping your utility bills down this winter? Here are a few ideas:
⚡ Upgrade old appliances. When you shop, look for the Energy Star rating to ensure your new washing machine, dishwasher, or oven are as efficient as possible.
⚡ Switch to LED lightbulbs. These use just 8 watts to produce the same brightness as a 60-watt incandescent bulb, and today’s LEDs come in all shades and levels of warmth.
⚡ Keep an eye on the thermostat. Be sure to turn down the temperature when you’re out or invest in a programmable smart version.
⚡ Check the seals on doors and windows. Try weatherstripping or caulk as a short-term fix, or consider bringing in a professional to assess trouble areas.
⚡ Wash clothes in warm or cool water. You’ll slash the energy used for each load while prolonging the life of your clothes.
Wondering which energy-saving home improvements will have the biggest impact on your home’s value? Reach out for a free consultation.
📲 949.770.9888
#TheWrightTeam #TheWrightHome #realestatetips #orangecountyrealestate #realestate #orangecountyrealestateagent #realestateagent #homeownertips #energyconservation #energysaving #nationalcutyourenergycostsday #fullservice #flexiblecommissionstructure
OC Housing Report: A 2023 Forecast
Posted 1/5/23
Information provided by Steven Thomas, Local Economist
Orange County Housing Report: A 2023 Forecast
HAPPY NEW YEAR!!! Now, what does that mean for Orange County real estate? First, let us look back at what happened in 2022 in terms of inventory, demand, luxury properties, and the Expected Market Time.
Active Inventory
After starting the year with a record low number of available homes to purchase, the inventory soared higher but is still far below pre-pandemic levels.
Demand
After two years of heightened demand due to historically low mortgage rates, demand did an about face and fell to its lowest levels since the Great Recession.
Luxury End
The luxury home market was at a record pace but fell short by 11% through November as luxury slowed substantially to wrap up the year.
Expected Market Time
The amount of time it took to sell a home continued to grow longer as the year progressed.
The 2023 Forecast
A subdued year for housing.
Below is a Snap Shot of the current OC Housing Report: No Crash in Sight
(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpSellWright.com or Call 949.770.9888 for a FREE Copy of the Report)
If you or if you have a friend or family member that is thinking of buying or selling real estate, please contact The Wright Team at 949.770.9888 with their name and number and we will be happy to follow up with them!
Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find a quick estimate of your home’s current value. Call us at 949.770.9888 if you would like to discuss the current housing market, receive a detailed home value analysis or answers to any real estate questions you may have! We are here to help!
Full Service…Save Thousands…Experts Next Door!!!
New Year’s Resolutions for Home Sellers
Posted 1/3/23
Information provided by The Paperless Agent
Add these 3 New Year’s Resolutions to your list if you’re thinking about selling your home in 2023. 🏠
Whether you’re ready to list or just starting to think about selling, don’t hesitate to reach out for a consultation!
#TheWrightTeam, #TheWrightHome #realestatetips #homesellertips #homesellerresolutions #realestate #realestateagent #ocrealestate #orangecountyrealestateagent #fullservice #flexiblecommissionstructure
3 Reasons to Sell in Winter
Posted 12/19/22
Information provided by The Paperless Agent
❄️Winter can be a great time to sell a home.
Watch this video for 3 great reasons to list your home this season. Then reach out for a free home value assessment!
Howl-o-ween 2022
Posted 11/9/22
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