OC Housing Report: What a Difference a Year Makes

Posted 8/2/22

Information provided by Information provided by Steven Thomas, Local Economist

 

What a Difference a Year Makes

In comparing this year to last year, the housing market is profoundly different with higher mortgage rates, more available homes, much lower demand, and significantly longer market times. Year-Over-Year Comparison: The Orange County housing market has downshifted considerably compared to 2021.

ATTENTION SELLERS: Carefully arriving at the Fair Market Value by scrutinizing the most recent comparable and pending sales is essential to be successful, meticulously taking into consideration the condition, location, and amenities. Overzealous sellers who require future price reductions will procure fewer interested buyers, fewer offers to purchase, and, ultimately, will net less money.

ATTENTION BUYERS: While the market is slower than the start of the year, it is NOT a Buyer’s Market where values are going down. Homes that are upgraded, in great condition, and priced well will fly off the market. The longer a home has been on the market, the more willing a seller is to negotiate. 

 

*Below is a Snap Shot of the current OC Housing Report: Opportunity Knocks

(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 out what your home’s current value is in today’s market!)

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

 

 

The #1 Mistake Sellers Can Make

Posted 7/28/22

Information provided by The Paperless Agent

 

Nine out of 10 people partner with a Real Estate agent to sell their home 🤝

 

Those who try to do-it-themselves find out that selling a home can be hard, time-consuming, and often less lucrative than if they would have listed with an agent.

 

In fact, according to a recent study by the National Association of Realtors, homes listed by agents sold for 22% more than the average for-sale-by-owner home. 

 

Why do-it-yourself when you can save time and make more money with a professional?


Want to know exactly how we add value to your home sale? Check out our latest blog post on “7 Costly Mistakes Home Sellers Make (And How to Avoid Them)” ➡️ https://bit.ly/3NLTDMv

 

Call The Wright Team today at 949.770.9888 if you or someone you know is thinking about selling their home! We offer a Flexible Commission Structure AND Full Service, while saving our sellers thousands in commissions!

 

 

 

 

Pricing a Home for Sale

Posted 7/26/22

Info Provided by The Paperless Agent

 

One of the biggest missteps sellers make is pricing their home too high.

 

Starting too high can cause a downward spiral that looks a little like this:

 

⬇️ Buyers avoid setting up tours of your property

⬇️ Your home sits on the market for weeks with little to no activity

⬇️ Eventually, you’re forced to drop your price in desperation

 

Fortunately, you can avoid this scenario in three easy steps. Watch the video for more info!

 

Don’t forget – you can click https://bit.ly/freeinstanthomeevaluation to find out what your home’s current value is in today’s market!

 

Contact The Wright Team to discuss how we can save you thousands in commissions with our Flexible Commission Structure!


📲 949.770.9888

📩 Info@HelpUSellWright.com

 

 

DRE#00767891

 

 

 

OC Housing Report: Opportunity Knocks

Posted 7/25/22

Information provided by Steven Thomas, Local Economist

 

Orange County Housing Report:  Opportunity Knocks NOW!

 

For homeowners looking to sell in 2022, the window of opportunity is closing as the inventory climbs, demand falls, and market times grow longer.

 

The longer homeowners wait, the harder it will be to sell. The Orange County housing market already cooled substantially, and it will only continue from here.

 

 Below is a Snap Shot of the current OC Housing Report:  Opportunity Knocks

(Due to Posting Restrictions, To View the Full Report Email Us at Info@PlatinumEdgeProp.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 out what your home’s current value is in today’s market!)

 

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

7 Costly Mistakes Home Sellers Make

Posted 7/6/22

Information provided by The Paperless Agent

 

 

 

 

 

 

 

 

 

 

 

 

 

⚠️ Avoid these home seller pitfalls!

 

Over the past couple of years, we experienced one of the hottest seller’s markets in history. But the days of “sellers can do no wrong” are largely behind us.

 

If you want to sell your home for top dollar today, you’ll need to steer clear of these common mistakes:

 

❌ Setting an unrealistic price

❌ Neglecting to stage your home

❌ Failing to address needed repairs

 

The good news is, it’s still a great time to sell a home. You just need a skilled guide (like us!) to make the most of this market.

 

Find our complete list of frequent seller missteps — and how to avoid them — over on our blog:

 

🔗 https://bit.ly/3NLTDMv

 

 

 

OC Housing Report: Values Will NOT Plunge

Posted 7/5/22

Information provided by Steven Thomas, Local Economist

 

Values Will NOT Plunge

 

Many believe that the rapidly slowing housing market will lead to crashing home values, yet the facts do not support this theory.

 

No Crash Around the Corner! Housing data illustrates that there is not a housing crash on the horizon.

Below is a Snap Shot of the current OC Housing Report:  Values Will NOT Plunge

(Due to Posting Restrictions, To View the Full Report Email Us at Info@PlatinumEdgeProp.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 out what your home’s current value is in today’s market!)

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

 

 

Obstacles to New Construction

Posted 6/21/22

Information provided by The Paperless Agent

 

 

Existing home inventory is low—so build your own, right?  Unfortunately, it’s not always that simple.

 

New construction has slowed significantly due to worker and material shortages–causing challenges for homebuyers and builders alike.

 

However, there are options if you have your heart set on a brand-new build. Contact us to discuss the current opportunities in our area.

 

Whether you’re searching for a new or existing home, The Wright Team can help!

 

📲 949.770.9888

📩 Info@JulieWright.RealEstate

 

 

 

OC Housing Report: Summer Slowdown

Posted 6/20/22

Information provided by Steven Thomas, Local Economist

 

SUMMER SLOWDOWN

 

The shift in housing due to higher rates has already made a significant impact on the housing market, and it will slow further over the summer.  Housing will continue to cool. Since demand’s early peak at the end of May, the Expected Market Time has jumped from 20 to 45 days, growing by more than 3-weeks.

 

NOW IS THE TIME to get your home on the market! We are still in a SELLER’S MARKET.

 

(Don’t forget – you can click here to find out what your home’s current value is in today’s market!)

 

Living in California, it is of no surprise that so many families climb into their SUVs, packed to the gills with luggage, and explore the Golden State. After traveling 70-plus miles per hour for hours without a break, there comes a point where it is time to get off at the next exit, fuel up, and stretch the legs. Upon exiting the freeway and driving to the gas station at a much-reduced speed, it seems as if the car is barely moving. Of course, it is still progressing down the road, but everyone has become accustomed to the much faster speed. 

 

That is precisely how it has felt to participate in the housing market in 2022. The market had been zooming along for the past couple of years at an insanely, swift, unprecedented pace. It was as if the gas pedal was permanently fastened to the floorboard. There were very few homes available to purchase, demand was through the roof compliments of historically low mortgage rates, homes would last only days on the market, swarms of buyers toured every home, each offer to purchase competed against a slew of additional offers, sales prices soared above their asking prices, and home values rocketed higher. But, with higher mortgage rates, the market has slowed considerably, and this summer it will feel as if housing is barely moving. Yet, it will still be a Seller’s Market, just not what everyone has become accustomed to. 

 

With a higher-than-expected Consumer Price Index report that just came out last week, according to Mortgage News Daily mortgage rates leapt from 5.5% on Thursday, June 9th, to 6.13% on Monday, June 13th, an enormous, extraordinary jump. They were at 3.25% at the start of the year and have escalated by nearly 3 points since. The higher rates have already had an enormous impact on housing so far this year, and the recent rise will only further slow the market. Rates are rising in anticipation of everything that the Federal Reserve will need to do in order to tamp down stubborn inflation.

 

Below is a Snap Shot of the current OC Housing Report: Summer Slowdown

(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)

 

 

 

 

 

 

 

 

 

 

 

Home Prices in 2022

Posted 6/13/22

Information provided by The Paperless Agent

Home prices are STILL climbing.  However, the rate of appreciation has begun to slow. So what does that mean for you?

 

➡️ Homebuyers: You may find that your income growth outpaces home prices, making homeownership more affordable for you in the future.

 

➡️ Homeowners: If you’ve been waiting to maximize your sale price, now may be the perfect time to cash out.

 

Learn more about the current housing market and what it means for you in our new blog post.

 

🔗https://bit.ly/3zB2X2v

 

 

 

OC Housing Report: Affordability Challenges

Posted 6/6/22

Information provided by Steven Thomas, Local Economist

 

Affordability Challenges

When escalating home prices are matched with much higher mortgage rates, home affordability dramatically weakens and results in fewer buyers able to make a purchase.

Demand is Dropping Due to Affordability. Lower rates had propped up affordability, yet today’s higher interest rate environment is impacting demand as many home buyers struggle to afford the monthly payment.

(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!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

The State of Real Estate in 2022

Posted 6/2/22

Information provided by The Paperless Agent

 

Interest rates are on the rise. So what does it mean for Real Estate?
 
While the full impact is yet to be seen, right now in the US:
 
🏠 Mortgage rates are climbing faster than expected
🏠 Home prices are still appreciating
🏠 Inventory remains low
 
Get all the details and find out what it means for you in our latest blog post! https://bit.ly/ocrealestatelifestyleblog
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
#TheWrightTeam #theWrightHome #housingmarket #housingmarketupdates #housingmarket2022 #realestatemarket #marketupdate #realestateadvice #homebuyereducation #homesellertips #realestateagent #realestate #ocrealestate #orangecountyrealestate
 

OC Housing Report: The Sky: NOT Falling

Posted 5/25/22

Information provided by Steven Thomas, Local Economist

 

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 it’s out of control, insane pace, to a normal seller’s market where pricing will be fundamental in finding success.

 

Below is a Snap Shot of the current OC Housing Report: The Sky: NOT Falling

(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!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

 

What Makes a Great Purchase Offer?

Posted 5/23/22

Information provided by The Paperless Agent

 

What makes a home purchase offer great?

If you’re selling, how do you determine whether an offer is solid? If you’re buying, how do you convince the sellers to choose you?

Find out how and don’t forget to read our new blog post for more details!

 

➡️ https://bit.ly/3kDttiQ

 

Call The Wright Team if you’re thinking of buying or selling!

949.770.9888

 

 

 

#homebuyingtips #homebuyingprocess #homebuying101 #homebuyingtip #realestateadvice #homesearch #homebuyersagent #homebuyerstips #homebuyereducation #buyahome #realestateagent #realestate #ocrealestate #orangecountyrealestate #ocrealtor #orangecountyrealestateagent #theWrightTeam #theWrightHome

 

 

 

 

 

3 Reasons to Work With a Buyer’s Agent

Posted 5/18/22

Information Provided by The Paperless Agent

 

In today’s market, the value of a good buyer’s agent cannot be overlooked. Here are three reasons to work with one when buying your home.

 

1️⃣ Save money. A buyer’s agent negotiates on your behalf to help you to get the most bang for your buck.

 

2️⃣ Get expert guidance. A buyer’s agent provides rational advice to help you avoid overpaying or taking on unnecessary risk.

 

3️⃣ Gain a competitive edge. A buyer’s agent knows how to craft a compelling offer that appeals to both the seller and their listing agent.

 

Need a skilled and trustworthy buyer’s agent? Contact The Wright Team to see how we can help you on your home buying journey.

 

📲 949.770.9989

📩 Info@HelpUSellWright.com

 

 

#homebuyingtips #homebuyingprocess #homebuying101 #homebuyingtip #realestateadvice #homesearch #homebuyersagent #homebuyerstips #homebuyereducation #buyahome #realestateagent #realestate #ocrealestate #orangecountyrealestate #ocrealtor #orangecountyrealestateagent

 

Preapproved vs Prequalified

Posted 5/10/22

Information provided by The Paperless Agent

 

Should you get preapproved OR prequalified for a mortgage?

Or both?

The two terms are often confused because they are so similar. But in reality, they are very different.

 

🏠 Getting prequalified for a mortgage doesn’t entail a credit check or official documentation. This process simply estimates how much you could qualify to borrow.

 

🏠 Getting preapproved, on the other hand, requires official documentation; verification of your income, assets, and debts; and a credit check. A preapproval concretely specifies how much you have been approved to borrow.

 

Getting preapproved gives you clarity on how much you can afford, which makes it important to do before you start your home search.

 

Once you find a home, it also assures the seller that you’re serious and financially able to buy their home.

 

Contact The Wright Team if you’d like help getting preapproved for a mortgage. We can connect you with a trusted lending professional who can help.

 

The Wright Team

📲 949.770.9888

📩 Info@HelpUSellWright.com

 

 

 

 

 

 

 

 

 

 

 

 

 

OC Housing Report: Unexpected Slump in Demand

Posted 5-5-22

Information provided by Steven Thomas, Local Economist

 

UNEXPECTED SLUMP IN DEMAND

HIGHER 30-YEAR MORTGAGE RATES ARE HAVING A MAJOR IMPACT ON ORANGE COUNTY DEMAND, NOW AT LEVELS FAR BELOW TYPICAL SPRING AVERAGES.

Demand Slumping over the past month, Demand dropped by 6% when it normally rises by 4%.

According to Mortgage News Daily, 30-year mortgage rates have risen from 3.27% on December 31st to 5.55% today, a climb of more than 2.25%. Rapidly rising rates eat into affordability significantly. For example, the monthly mortgage payment for a $1.1 million purchase with 10% down has risen from $4,319 on December 31st, when rates were at 3.27%, to $5,652 per month today at 5.55%. That is a $1,333 per month rise, or nearly $16,000 per year. The significant change occurred in just four short months.

 

Below is a Snap Shot of the current OC Housing Report: Unexpected Slump in Demand

(Due to Posting Restrictions, To View the Full Report Email Us at Info@PlatinumEdgeProp.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!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

5 Ways to Write a Winning Offer in Today’s Real Estate Market

Posted 5/2/22

Information provided by The Paperless Agent

 

How do you write a winning offer in this market?
 
A high offer price gets attention—but it doesn’t guarantee you’ll get the home. Sellers consider many factors when choosing a buyer, including:
 
  • Financing
  • Deposit size
  • Conditions
  • Closing terms
  • And even the reputation of the buyer’s Real Estate agent
 
It’s important that you account for all of these details when submitting an offer.  Read this month’s blog post, “5 Ways to Write a Winning Offer in Today’s Real Estate Market,” and learn more about making a competitive offer!  https://bit.ly/3kDttiQ

 

 

 

 

 

 

 

 

 

 

 

 

OC Housing Report: Housing Cracks

Posted 4/25/22

Information provided by Steven Thomas, Local Economist

 

HOUSING CRACKS…

EVEN THOUGH HOUSING IS INSANELY HOT, TRENDS HAVE EMERGED THAT CONFIRM THAT THE ORANGE COUNTY HOUSING MARKET IS STARTING TO COOL.

Trends are developing which demonstrate that the pandemic induced, insane housing run is cooling.

Now that the first quarter of 2022 is in the rearview mirror, noticeable cracks have appeared that illustrate a cooling market. It is not as if housing has suddenly tilted in favor of buyers. No, multiple offers are still the norm, and most homes are flying off the market and into escrow just moments after FOR-SALE signs are pounded into the front yard. Buyers are still frustrated by the lack of available homes to purchase in all price ranges. Sellers remain in the driver’s seat able to call the shots. Nonetheless, trends have surfaced that highlight a cooling marketplace that will eventually pave way to a completely different housing scene thanks to a dramatic rise in mortgage rates from 3.25% at the start of the year to 5.25% today (Mortgage News Daily).

 

Below is a Snap Shot of the current OC Housing Report: Housing Cracks

(Due to Posting Restrictions, To View the Full Report Email Us at Info@PlatinumEdgeProp.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!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

3 Types of Real Estate Investment to Hedge Against Inflation

Posted 3/29/22

Information provided by The Paperless Agent

 

Real Estate investing can help you beat inflation.
But where should you invest your money? What kind of Real Estate is most valuable? Here are three investment types to consider:
🏡 PRIMARY RESIDENCE: As inflation raises prices throughout the economy, the value of your home is likely to go up concurrently. If you don’t already own a home, we can help you take this first step.
🏘️ LONG-TERM RENTAL: This is a traditional rental. Think of a one-year lease on a single-family home. Because this serves as a tenant’s primary residence, it’s a necessary expense. Therefore, it helps to provide stable returns in uncertain times, especially when we have high inflation.
🏝️ SHORT-TERM RENTAL: Done right, short-term or vacation rentals can be both a hedge against inflation and a profitable source of income. As a bonus, when the home isn’t being rented you have an affordable vacation spot for yourself and your family!
Need help deciding which investment option is best for you?
Contact The Wright Team to talk through your options and goals.

📲 949.770.9888

📩 Info@HelpUSellWright.com

 

 

 

 

 

 

OC Housing Report: Out of Control

Posted 3/28/22

Information provided by Steven Thomas, Local Economist

 

OUT OF CONTROL

 

WITH THE NUMBER OF AVAILABLE HOMES TO PURCHASE AT EXTREMELY LOW LEVELS, THERE SIMPLY ARE TOO MANY BUYERS COMPETING AGAINST EACH OTHER.   

 

When the expected market time drops below 40-days, the seller’s market shifts from “HOT” to “INSANE” and today it is at 20 days. 

 

The housing market is out of control as home values continue to soar. At this point, it is like a runaway freight train barreling down the tracks at an unimaginable speed. There really is no end in sight due to the catastrophically low inventory. With such a scarcity of homes available, there are far too many buyers for every home that hits the market. This imbalance can be seen in the sheer number of buyers bumping into each other, eager to view the latest new listing that hits the market.

 

*Below is a Snap Shot of the current OC Housing Report: Out of Control

(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!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

 

 

OC Housing Report: Coming Up…Spring

Posted 3/22/22

Information provided by Steven Thomas, Local Economist

COMING UP…SPRING

MANY MISTAKEN THE SUMMER MARKET AS THE BUSIEST TIME OF THE YEAR FOR HOUSING, YET IT IS THE SPRING MARKET THAT IS HOME TO THE MOST REAL ESTATE ACTIVITY YEAR IN AND YEAR OUT.

Spring officially begins on Saturday, March 20th, and it is also the start to housing’s Spring Market, the busiest time of the year for housing. More homes are placed into escrow during the Spring Market than any other time of year. That is when the FOR-SALE sign is adorned with a smaller “SOLD” sign, letting the world know the home is no longer available to purchase.

Many mistaken the Summer Market as the busiest season for real estate, but it is simply not true. Most families prefer to move when the kids are either out of, or about to get out of, school, between May and July. To accommodate that goal, they need to close escrow during those months. That means that they must come on the market during the spring, pound in that FOR-SALE sign, and open their home to potential buyers from March through June. The intention, of course, is to place their home into escrow as quickly as possible. It typically takes between 30 to 45 days to close escrow.

Below is a Snap Shot of the current OC Housing Report: Coming Up…Spring

(Due to Posting Restrictions, To View the Full Report Email Us at Info@HelpUSellWright.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 us at 949.770.9888 with their name and number and we will be happy to follow up with them!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

Inflation and Real Estate

Posted 3/14/22

Information provided by The Paperless Agent

 

Why are Real Estate agents talking about inflation? Because we want to help you make money—not lose it.

Real Estate prices across the board tend to rise along with, and even faster than, inflation. This is one of the reasons demand for Real Estate is soaring right now.

So instead of placing your money in the bank, where the value of your money will decrease with each year that inflation rises, we encourage you to put it in Real Estate.

 

Whether you’re a first-time buyer purchasing a primary residence or you want to invest in an income property, we can help.

Contact us today at 949.770.9888  if you’re curious about how Real Estate can help you beat inflation.

 

 

 

 

#inflation #personalfinancetips #beatinflation #realestateinvestments #realestatetipsandadvice #realestateinvesting101 #realestateinvestingtips #incomeproperties #realestateeducation #realestateagent #realestate #orangecountyrealestate #fullservicerealestate #flexablecommissionstructure #savethousandsoncommissions

 

Hedge Against Inflation with These 3 Real Estate Investment Types

Posted 3/1/22

Information provided by The Paperless Agent

Inflation has risen worldwide.
 
And while there are many ways to mitigate the financial challenges of inflation (stocks, bonds, commodities), we believe the BEST option is…
 
Real Estate.
 
Why? Real Estate prices tend to rise along with, and often faster than, inflation. In other words, instead of losing money, you start making money!
 
Find out what types of Real Estate you should consider investing in and how they can help you hedge against inflation in this month’s blog post! www.OCRealEstateLifestyle.com
If you’re ready to buy or sell, NOW is the time! Call us at 949.770.9888 and let our team start working for you!
 
 

  

 

 

 

 

 

 

 

 

 

OC Housing Report: Will it Slow in 2022?

Posted 2/24/22

Information provided by Steven Thomas, Local Economist

 

WILL IT SLOW IN 2022?

Housing has only grown hotter despite mortgage rates rising considerably since ringing in a new year, indicating it will take further changes for the market to slow.

If mortgage rates rise above 4% and remain elevated with staying power, then housing will finally slow a bit, shifting from an Insane Seller’s Market to a regular Hot Seller’s Market with longer market times.

For the market in 2022 Mortgage rates cannot substantially drop from here. They must persist at these higher levels, between 3.75% and 4%, and then eventually climb above 4% with staying power. If that occurs, as more homes come on the market during the spring and summer, demand will be muted, and the inventory will substantially climb for the first time in 3-years. Higher rates must endure for that to occur.

Below is a Snap Shot of the current OC Housing Report: Will it Slow in 2022?

(Due to Posting Restrictions, To View the Full Report Email Us at Info@PlatinumEdgeProp.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 us at 949.770.9888 with their name and number and we will be happy to follow up with them!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

OC Housing Report: Going, Going, Gone

Posted 2/16/22

Information provided by Steven Thomas, Local Economist

 

Going, Going, Gone!!!

In today’s market, typically the buyer that is most qualified with a great job, large bank account, strong credit score, willing to remove contingencies, and bend to a seller’s every whim is the victor. That includes offering more than the asking price. In January, 60% of all closed sales in Orange County sold above their asking price.

A WARNING TO SELLERS: Carefully pricing a home is crucial to obtaining the best outcome regarding price and terms. Pricing at or slightly above the last comparable pending or closed sale will expose the home to the largest buyer pool. The auction that follows will have buyers competing against each other to achieve success. This results in sales prices above their asking prices, and in many cases, way above their asking prices. Stretching the initial asking price considerably above the comps may still result in achieving the ultimate goal in selling; HOWEVER, it will be at the expense of not obtaining the highest and best price and terms.

Below is a Snap Shot of the current OC Housing Report: Going, Going, Gone

(Due to Posting Restrictions, To View the Full Report Email Us at Info@PlatinumEdgeProp.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 us at 949.770.9888 with their name and number and we will be happy to follow up with them!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

 

 

OC Housing Report: Rising Rates vs No Inventory

Posted 1/25/22

Information provided by Steven Thomas, Local Economist

 

Rising Rates vs No Inventory! 

There are two opposing economic forces impacting the housing market right now, rising mortgage rates and a record low supply of homes available to purchase. There simply are not enough homes available for buyers and rising rates have not yet had an impact on the insanely hot housing market.

If you own a home, you know your home’s value went up significantly last year! According to Economist, Steven Thomas, we saw approximately 22% appreciation last year in Orange County!!! If you’re interested in knowing your property value, please reach out to us and we will be happy to do an in-depth evaluation.

Home ownership is one of the best decisions you can make in your life and we will always be here to help you plan and prepare for the future.

 

Below is a Snap Shot of the current OC Housing Report: Rising Rates vs No Inventory

(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 us with their name and number and we will be happy to follow up with them!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

 

Tax Season 2022 – What You Need to Know

Posted 2/2/22

Information provided by Buffini & Co

It’s always wise to get a jumpstart during tax season! The earlier you prepare and get organized, the less you’ll have to stress about when you file.

This year, there are important changes to the tax policy that you’ll want to be aware of when it’s time to file your return. In this month’s materials, you’ll find a brief overview of the most important updates and changes to the tax policy, as well as some information on COVID-19 relief and how it may affect your taxes. We’ve also shared a few tips on how to de-stress when it comes to filing your taxes.

We’re also letting you know that since production of this piece, the tax deadlines have changed. Please check IRS.gov for most up to date information.

If you have any questions or need assistance, give us a call. We can connect you with a trusted and skilled tax professional in our network. We’re here to help you get a head start to make filing a breeze this spring!

 

Tax Season 2022 What You Need to Know

 

Balance in the 2022 Housing Market

Posted 2/1/22

Information provided by The Paperless Agent

📣 IMPORTANT PSA 📣

If you struggled to buy a home last year, there may be some relief in 2022! Softening demand could make it easier to finally secure the home of your dreams.

And if you’re a homeowner thinking of selling, it’s still a great time to cash out your big equity gains! And with less competition and a slower pace of sales, you’ll have an easier time finding your next home.

So… what are you waiting for? Reach out for a free consultation so we can discuss your specific needs and goals ⬇️

 

📲 949.770.9888

 📧 Info@HelpUSellWright.com

 

OC Housing Report: Unprecedented Start

Posted 1/25/21

Information provided by Steven Thomas, Local Economist

 

Happy New Year! We’re pleased to provide you a snap shot of the recent Orange County Housing Market Report… UNPRECEDENTED START

(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)

ATTENTION BUYERS: Waiting for the market to get easier for buyers is not the answer. Home values are on the rise and mortgage rates have been on the rise as well. Values are slated to climb between 8 to 10% in Orange County, and mortgage rates could reach or even exceed 3.5%. With rising values and higher rates, payments increase, and home affordability will slowly erode. For buyers, waiting is not an option. Instead, buyers should pursue a purchase with patience and a steadfast determination. It may take 30 offers to hit paydirt. But it is that kind of persistence that is ultimately rewarded with success. 

 

ATTENTION SELLERS: Take advantage of the hot market by pricing a home as close to the last comparable or pending sale. Carefully pricing will allow a seller to tap into the throngs of buyers waiting for every home that hits the market. A realistic price will allow a seller to attract a ton of offers. The bidding war that follows will allow a seller to obtain a very high sales price, typically selling for a lot higher than the asking price. Sellers who stretch the asking price too much and grossly overprice will result in wasted market time and less activity as the price is adjusted down the road. In this market, it is best to take advantage of the enormous buyer pool carefully watching and waiting for every new home that matches their search. Longer market times due to overpricing could result in fewer showings and fewer offers  

 

If you or if you have a friend or family member that is thinking of buying or selling Real Estate, please contact us with their name and number and we will be happy to follow up with them!

 

Full Service…Save Thousands…Experts Next Door!!!

 

 

 

 

 

 

 

 

 

 

 

2022 Real Estate Market Outlook

Posted 1/24/22

Information provided by Buffini & Co

 

As we enter 2022 and reflect on 2021, this past year has likely presented both entryways and roadblocks for our opportunities and goals. Thankfully, a new year brings a fresh focus.

With 2021 unlike any other, we’re here to bring some clarity when it comes to the 2022 housing market. The information we’ve posted this month (see link below) will provide valuable insights into the Real Estate market and highlights a few predictions to keep an eye on as the year progresses. We’ve also included a helpful guideline to use when choosing the right neighborhood if you or someone you know is considering a move.

We hope this information provides you with an insightful snapshot on the market, so you can enter the new year with confidence. Please do not hesitate to call us at 949.770.9888 with any questions about this year’s housing outlook! We’re happy to provide details on how our area’s market is looking this year.

2022 Real Estate Market Outlook

 

OC Housing Report: A 2022 Forecast

Posted 1/5/21

Information provided by Steven Thomas, Local Economist

 

Happy New Year! 🥳 We’re pleased to provide you with a snap shot the recent Orange County Housing Market Report… A 2022 FORECAST
 
(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)
 
This report will give you an overview of what happened in 2021 in terms of the Inventory, Demand, Luxury Properties and the Expected Market Time along with the Forecast for 2022…Another Hot ♨️ Year for Housing!!!
 
If you or if you have a friend or family member that is thinking of buying or selling Real Estate, please contact us with their name and number and we will be happy to follow up with them!
 
Full Service…Save Thousands…Experts Next Door!!!
 

 

 

 

 

 

 

 

 

 

 

The State of Real Estate in 2022

Posted 1/4/22

Information provided by The Paperless Agent

Last year, home prices soared nationwide by a record 19.9%! 😲 As we embark on a new year, you may be wondering… what’s in store for the U.S. housing market in 2022? Here’s what industry experts are predicting:
 
🏠 Mortgage rates will increase
⚖️ The market will become more balanced
💰 Home prices will continue to increase, but at a slower pace
📈 Rents will continue to rise
 
If you’re considering buying or selling a home in 2022, check out our latest blog post (see link below) to learn more about where the Real Estate market is headed this year.
 
 

 

 

 

 

 

 

 

 

 

 

The Science of Journaling

Posted 12/15/21

Information provided by Buffini & Co

Can you believe we made it through another year? If you’re feeling like 2021 flew by, a brief reflection can help you clear your mind and get ready for the upcoming year.

Journaling is a great way to reflect on the past year and prepare for the new one – and it’s scientifically proven to work! The information we’re posting (see below) his month shows how writing down your thoughts can benefit mental, emotional and even physical health. You’ll also learn about a few apps that are perfect for journaling from the palm of your hand, so you can get started easily!

Studies show you can find more happiness and less stress with a daily download. Use these tips to help you start a journal, develop your own unique process and maintain it year-round!

The Science of Journaling

 

 

 

PREVIOUS 2021 POSTS HAVE BEEN ARCHIVED