Home prices reached a peak in the first quarter last year as mortgage rates began to rise from 3% to over 6%, and home inventory were at records lows. When mortgage rates rose to nearly 7% in 2022, home prices softened about 9% from the prices...
In 2020 the average mortgage rate was 3.11%, and it kept falling to a new record low of just 2.65% in January of 2021. These ultra-low rates were due to government response to COVID-19. Houses were flying off the shelf during the early COVID-...
Selling a home is rarely as simple as placing a “for sale” sign in the front yard and waiting for buyers to come knocking. To increase your odds for a quick sale, at the highest price, and a smooth transaction, it is often best to invest i...
Buyers are running up against a shortage of properties for sale again this year. Sales are about 35% slower than 2021 – and buyers looking for homes simply can’t buy something that isn’t available. There just aren’t enough homes avail...
People often ask if Orange County home prices will fall significantly in 2023. The short answer is no. The main reasons are tight lending standards over the past 10 years, and a historically low level of available homes to purchase. Today, in J...
Cypress single family detached homes are currently averaging $1,014,000.
Cypress Condos and townhomes are averaging $679,450.
Cypress homes are averaging 41 days for sale before entering escrow.
Orange County houses, condos, and townhom...
Single family home listings in 2022 are 17% lower than 2021
Single family closed sales are down 29.8% from 2021
The single family median sales price in October 2022 was $1,165,000 - Up 3.3% in 12 months - and down 9.7% from the peak earlier t...
When your home's for sale, you want it to sell quickly—and preferably, above the asking price.
Even in a seller's market, there are things you need to do in advance to position your home to receive the highest price possible. These are upg...
The 30-year fixed mortgage rate exceeded 5% this week, reaching its highest level in more than 10 years as inflation continues to rise. A year ago, the mortgage rate averaged just 3.04%. The combination of rising mortgage rates and the high...
Accepted estimates are by age 65, you should have saved 10 times the amount of annual income you will need. An example is if you would like $100,000 a year – you will need $1 million in savings or assets that produce income. Life expectan...
