Orange County Housing Market News: Recent Episodes
Josh Alexander
Are you thinking of buying or selling a home in the Orange County CA area or just like to stay up-to-date on what is going on in the housing market? This is a one stop shop for the latest updates and news on the Orange County Housing Market, advice and tips on how to buy and sell a home in TODAY'S MARKET in Orange County, and interviews with local experts in the housing market. If you want to be able to hit the ground running when the time comes for you to buy or sell a home, this is the podcast for you!
If you’ve been keeping an eye on the real estate market, you’ve probably noticed that things are shifting. Whether you're thinking of buying or selling, understanding these trends can help you make the best decision for your next move.Right now, we’re seeing more homes available on the market—about 31% more than this time last year—giving buyers more choices. But demand is also picking up, with a 31% increase in the past two weeks alone. This means well-priced, turn-key homes, that are marketed correctly are still moving quickly, especially in the $750,000 to $1,500,000 range, which remains the most competitive price point.However, compared to the fall, homes took a bit longer to sell in January. In October, which is typically the last month we see a normal market before the holidays hit, 45% of homes sold in less than two weeks, while in January, that number dropped to 32%. Similarly, 53% of homes sold within a month in January, compared to 66% in October. The median time a home stays on the market now is 49 days. It’s normal to see this drop in the speed of the market in January, as most of these homes went into escrow during the holiday season, which is traditionally the slowest time of year for the housing market. Now, we are already seeing signs of increased demand and the market picking up as we head through February so expect to see things get hotter the farther into the month we get.If you’re curious about what this means for your specific situation—whether you’re looking to buy or sell now or in a year or two—let’s connect! I’d be happy to provide insights tailored to your goals. No. Pressure. Ever.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.meWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate-----------------------------------------Seller Resources---------------------------------------------------FREE Guide: Learn how to get your home ready for sale and the steps you should take to make the most money possible - https://vid.us/hbk9zcFREE Guide: Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfFREE monthly value update: Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home in Orange County in 2025? With rising housing prices and interest rates, it's essential to ask yourself: Can You REALLY Afford a Mortgage in Orange County in 2025? In this video, we'll dive into the numbers and explore the current state of the Orange County real estate market. From mortgage rates to down payments, we'll cover everything you need to know to make an informed decision about purchasing a home in one of California's most desirable counties. Whether you're a first-time homebuyer or a seasoned real estate investor, this video is for you. So, can you really afford a mortgage in Orange County in 2025? Let's find out.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFq⬇️⬇️ Have questions? Call, text, or e-mail today. ⬇️⬇️Josh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
Are you planning to buy a home in Orange County, California, in 2025? The real estate market is constantly changing, and it can sometimes feel intimidating to start the exciting process of finding the next place for you and your family to call home. How do you give yourself the best shot at finding, and more importantly, closing, on your dream home? In this video, I’ll break down the 5 things you need to know to help you successfully purchase a home in Orange County in 2025. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
Are you planning to buy or sell a home in Orange County, California, in 2025? This video provides an in-depth analysis of the housing market trends to help you make informed real estate decisions. Whether you’re a buyer, seller, or investor, you'll gain valuable insights to navigate the evolving market.🔍 In this video, you'll learn:-Key housing trends for Orange County in 2025-Predictions on home prices and market dynamics-Best strategies for buyers and sellers-Insights on interest rates and market timingWant to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
Get the latest insights on the Orange County housing market as we head into the holiday season! Whether you're thinking of buying or selling, this update will help you understand where the market stands today and what trends to expect as we approach the end of the year.In this video, we’ll cover:-How the recent election results may impact the housing market-Why interest rates are still stubbornly high and what that means for buyers and sellers-My expert advice for those considering entering the market in the next few monthsWant to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzs
Think mortgage rates dropped when the Fed lowered their rates? Think again! Surprisingly, mortgage rates actually went up after the Fed’s recent announcement. While rates have still decreased over the past 6 months, from 7.5% to around 6.15%, making homeownership more affordable, many are wondering why rates didn’t drop further after the Fed's move. In this video, we’ll dive into the reasons behind this trend, how the Fed’s actions impact mortgage rates, and what this means for homebuyers. Stay informed and subscribe for the latest updates on the housing market!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
In this video, I dive deep into the real estate trends that typically occur before and after elections. Are you wondering how the housing market reacts during political uncertainty? Whether you're a buyer or a seller, understanding election-year trends can help you make smarter decisions.We analyze historical data to reveal how home prices, interest rates, and buyer confidence shift as we approach election day and what you can expect once the results are in. Should you sell before or after an election? Is it better to buy now or wait? I'll discuss all this and more on today's episode.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
Something unexpected is happening in the Orange County Housing Market right now. The market is getting hotter as we head into October at a time it should be cooling off. What is causing this, how long will it continue, and what does this mean if you are thinking of buying or selling a home before the end of the year? I discuss all this and more on today's episode. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
If you’ve been holding off on buying a home in Orange County, waiting for the perfect moment, that time might just be now. Lower interest rates, more homes on the market, and summer sellers getting more anxious to get their home into escrow are creating an ideal opportunity for buyers RIGHT NOW. Are homes that are move-in ready, properly priced, and marketed well still selling quick? Yes. However the average time it takes to sell a home has been slowing rising over the last 3 months. (Properly priced homes are selling in 13 days, over priced homes are selling in 42+ days) So sellers need understand we are no longer in the same market we have been in since the start of the pandemic and adjust their plans accordingly.Supply: The number of Orange County homes for sale is still rising slowly. Typically we start seeing the number of homes decreasing by now but it looks like the peak for the season will come a few weeks later than normal this year. I expect to see that peak happen sometime this month.Demand: Interest rates are still heading down and a relatively quick pace, as of today the average interest rates is right around 6.25% for a 30 year loan and 5.65% for an FHA loan. Because prices have remained stable this has given buyers about 12% more purchasing power than they had at the beginning of summer.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.meWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate
The Orange County housing market is cooling down, but surprisingly low interest rates are going to shake things up as the summer housing market comes to an end. Will prices fall in Orange County? Will affordability go up? Is now a good time to enter the market? I'll be answering all these questions and more on today's episode.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
Home buyers! These significant changes start in just a few days, not understanding them could leave you in shock when you go to buy your next home. 😮 In this video, I dive into the upcoming changes to real estate commission laws taking effect on August 13th in Orange County. Discover what is changing and how it impacts you as a buyer. We’ll guide you through navigating these changes, ensuring you understand the new landscape and how to make informed decisions.3 Key topics I’ll be covering: Detailed breakdown of the new commission structure Strategies for buyers to adapt and thrive under the new regulations* Analysis of the likelihood and implications of buyers paying for real estate agent services directlyWant to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
The Orange County housing market continues to appreciate in July but we are seeing signs of slowing especially in the luxury market where homes are valued at 2 million or more. However, if interest rates start dropping like they are predicted to do over the next 12-18 months it could heat up the market again pretty quickly which is why it’s actually a good thing we are building up some inventory right now because it gives us a little buffer. That way, when rates do drop we don’t quickly go into a crazy seller’s market driving prices up quickly again.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15-30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.meWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate
Why is it so hard to buy a home right now, how did they get so unaffordable? Let's look at the challenges both first time home buyers and current homeowners are experiencing right now and the events that shaped the current housing market. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 15-30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzs
Summer is here in Orange County and many people might believe that the housing market heats up during the summer months, but does the data actually show that, and with everything going on this year will the market speed up or slow down? Let's take a look at what you can expect over the next few months in Orange County and what will have the biggest impacts on the housing market as school gets out and beach weather begins.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.meWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate
One of the top questions that inevitably comes up when I'm helping a first-time home buyer is, "Can I get out of escrow once the contract is accepted, and what happens to my deposit?". On today's episode I cover the different protections you need to know about when writing a purchase contract so you do have a way out of the contract and are able to get your deposit back if you discover the home isn't going to work for you.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.meWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate
As interest rates stay higher for longer, will home prices start falling in Orange County? For home buyers, the unfortunate answer is probably not. Although inventory is starting to go up faster than last year, we are still way below the levels we typically see during this time of year. Yes, demand is also lower than normal, but there are still enough home buyers out there to keep us in a seller's market for the foreseeable future. The market is still red hot in most areas of Orange County and as we enter Summer it will begin to slow down slightly as more inventory continues to hit the market and demand starts it's normal decline, but don't expect a balanced or buyer's market anytime soon. Want to get more insight into what's happening in the Orange County housing market, how about an update on the commission lawsuit that will take effect on August 17? If you are thinking of buying of selling a home this summer what is my advice for you? You can find all of this and more in this month's housing market update so check it out! Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.me
In this video, we discuss the big changes in store for purchasing a flipped home that you MUST know for 2024. Stay ahead of the game by learning about the new law, AB 968, affecting buying a flip this summer and how it will help buyers understand more about the home they are buying as well as hopefully reduce the number of bad flips out there on the market in California. Make sure you subscribe to stay ahead of all the major changes and things your need to know to successfully navigate the ever changing housing market. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.me
As we get ready for the major changes coming to how much it costs to buy and sell real estate in the US this July, how will it impact the housing market leading up to that ruling taking effect? Will buyers jump in the market to avoid extra fees? Will sellers try to wait in hopes of paying less to sell a home? Are home prices expected to continue rising? How should you navigate this unique spring market as a buyer and seller? That's exactly what I will be discussing on the 2024 Spring Housing market update for Orange County. If you are thinking of buying or selling a home this year, you don't want to miss this one.
In this video, we take a deep dive into the new housing proposals put forth by the Biden Administration and analyze their potential impact on the housing market. Will these proposals help to alleviate the current housing crisis or will they have unintended consequences? Join me as I discuss the potential implications for both buyers and sellers in the real estate market. Don't forget to like, comment, and subscribe for more insights on trending topics in the housing market! #BidenAdministration #HousingProposals #RealEstate #HousingMarket #analysis Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.meWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate
Due to the recent settlement with the National Association of Realtors, the rules for buying and selling a home are about to change significantly across all of the US starting mid-July. So what are all of the changes taking place, and how will it impact buyers, sellers, and real estate agents? Let's take a look at what we know so far and what changes you can expect in the near future. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxGet exclusive access to the most accurate home search site available: http://joshalexander.realscout.meWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate
Today's hot housing market can be discouraging if you don't take the proper steps to prepare for the journey of buying a home. Getting a pre-approval might sound boring but it can literally be the difference between you getting that home of your dreams, or watching someone else steal it. In this video we go over the 6 reasons why you need to have that pre-approval in order to be successful in finding, and closing on a home in 2024 and #3 and #4 have made the difference multiple times between my client's offers getting accepted or rejected. So make sure you watch before starting your home buying journey!Need a trusted lender? I've got you covered. Email or text me with the words "lender referral," and I'll connect you with professionals who have impressed me and my clients with their service and ability to help get buyers into homes in tough markets. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
???? March 2024 Orange County Housing Market Update ???????? Supply Update: Currently, Orange County's housing inventory is slowly climbing, with about 2,000 homes on the market. This figure is significantly lower than the pre-pandemic average of over 5,000, indicating we are still in a dramatically undersupplied market. However this is going to be the new normal for the foreseeable future in Orange County's Housing Market.???? Demand Surge: February saw a notable increase in demand, with homes going into escrow at or above asking price jumping from 51% in January to 59%. Furthermore, 59% of the last 500 homes sold went into escrow in less than 2 weeks, showcasing just how fast things are moving. If you have been to an open house over the last few weeks you'll know the market is hot as most are packed with multiple offers coming in within a few days of homes hitting the market right now.???? Interest Rates: After peaking above 7.16% in February, rates have slightly dipped back into the 6's, currently averaging at 6.97%. If we go much lower, especially if we get back to the mid 6's expect rocket fuel to be poured on the demand in the housing market. ???? Buyer's Outlook: With inventory still low but rising and interest rates potentially falling in the future, buyers are in a tough spot. Preparation is key, getting that pre-approval done now and understanding market conditions can position buyers to act swiftly when the right opportunity arises. However the key this year for buyers is going to be patience. With inventory so tight and competition heavy, it could take months to find and get into escrow in the right place. If you are thinking of being in a home anytime in the next 6 months, you need to start looking now.???? Seller's Strategy: Now may be an optimal time to list your home. With competition still relatively low and buyer interest increasing, sellers who act promptly could maximize their returns, especially if interest rates adjust favorably.Stay updated with the latest trends and strategies in the Orange County real estate market to make informed decisions whether you're buying or selling by subscribing to my channel today! Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
???? Are you planning to sell your home but worried about making costly mistakes? Look no further! In this essential guide, I reveal the Top 5 Mistakes Home Sellers Make and provide you with expert advice on how to avoid them, ensuring a smooth and successful sale.1️⃣ Preparation is Key: Discover why rushing to list your home without proper preparation can deter potential buyers and how a few simple steps can make your property stand out.2️⃣ Choose the Right Agent: Learn the critical differences between an order-taking agent and a professional real estate expert. We'll show you how the right choice can significantly impact your selling experience and final sale price.3️⃣ Pricing Strategies: Understand the dangers of overpricing your home and how it can lead to a longer time on the market and more frustration.4️⃣ Evaluating Offers: We discuss the risks of accepting high-risk offers from buyers and provide strategies to identify and select the best offers, safeguarding your sale.5️⃣ Marketing Matters: Find out why hiring an agent with a comprehensive marketing plan is crucial for maximum exposure and attracting the right buyers to your property.???? With these expert insights, you'll be equipped to navigate the home-selling process like a pro and avoid common pitfalls. Whether you're a first-time seller or experienced in real estate, this video is packed with valuable information to help you achieve a successful sale.???? Don't forget to subscribe for more real estate tips and strategies, and hit the bell icon to stay updated on our latest videos. If you found this video helpful, give it a thumbs up and share it with anyone who might benefit from these home-selling tips.#HomeSellingMistakes #RealEstateTips #SellYourHome #RealEstateAdvice #PropertySelling #HomeSellingGuideWant to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate-----------------------------------------Seller Resources---------------------------------------------------FREE Guide: Learn how to get your home ready for sale and the steps you should take to make the most money possible - https://vid.us/hbk9zcFREE Guide: Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfFREE monthly value update: Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate---------------------------------------------Connect with me-----------------------------------------------Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedadCheck out my Yorba Linda YouTube channel at:https://www.youtube.com/c/DiscoverYorbaLinda
This episode is essential for anyone considering buying a home in Orange County California, as we dissect two critical financial aspects:✅ Initial Investment: We unravel the average cost of purchasing a home in Orange County, detailing the necessary down payment and other upfront expenses. This segment provides a clear view of the initial capital required to embark on homeownership in this desirable location.✅ Income Requirements: Discover the annual household income needed to comfortably afford the average mortgage payment in Orange County. Our breakdown considers current mortgage rates, property taxes, and additional homeownership costs, offering a comprehensive overview of the ongoing financial commitment.Whether you're planning to buy your first home or contemplating a move to Orange County, this video will arm you with the key financial insights needed for 2024. Join the conversation in the comments section and share your thoughts and questions on affording life in Orange County.Don't forget to subscribe for more real estate insights and tips.#OrangeCountyHomes #Affordability2024 #RealEstateInsights #MortgageRequirementsWant to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: http://ocrealestatenews.comJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate-----------------------------------------Seller Resources---------------------------------------------------FREE Guide: Learn how to get your home ready for sale and the steps you should take to make the most money possible - https://vid.us/hbk9zcFREE Guide: Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfFREE monthly value update: Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate---------------------------------------------Connect with me-----------------------------------------------Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
Dive into the latest insights on the Orange County housing market this February in this comprehensive forecast. Whether you're buying, selling, or just keeping an eye on the market, this video is packed with essential information to guide your decisions in the dynamic Orange County real estate landscape.???? Key Point #1: As we step into February, anticipate a noticeable increase in housing inventory. More properties are coming to market, offering a broader selection for potential buyers. This is a crucial development for those who have been on the sidelines, waiting for the right opportunity to make their move.???? Key Point #2: Alongside the growth in inventory, we're also expecting a surge in buyer demand. The combination of more listings and more active buyers sets the stage for a bustling market this month. If you're considering purchasing a home, be prepared for increased competition.???? Key Point #3: Despite the uptick in inventory, it's important to note that the market remains tight, especially for homes priced under $1.5 million. This segment is particularly competitive, with many properties likely to encounter bidding wars. Buyers should be ready for a fast-paced market and potentially multiple offer situations.This video is your go-to resource for understanding the current trends and projections in the Orange County housing market. Whether you're planning to buy your dream home, sell a property, or simply want to stay informed, this February forecast has the insights you need.Stay ahead of the market curve by subscribing to my channel, and don't forget to hit the like button if you find this forecast helpful. Your engagement helps me reach and assist more individuals navigating the complexities of the Orange County real estate market.#OrangeCountyHousingMarket #RealEstateForecast #FebruaryUpdate #HousingInventory #BuyerDemand #BiddingWars #RealEstateTipsWant to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435------------------------------------------Buyer Resources--------------------------------------------------FREE Guide: How to Budget for a home - https://vid.us/70npzsFree Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate-----------------------------------------Seller Resources---------------------------------------------------FREE Guide: Learn how to get your home ready for sale and the steps you should take to make the most money possible - https://vid.us/hbk9zcFREE Guide: Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfFREE monthly value update: Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPWant to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate---------------------------------------------Connect with me-----------------------------------------------Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
Remember in 2023 when the most popular first time home buyer program ever, California Dream for All, launched? The government expected funds to last up to 6 months but within 11 days all 300 million in funding was used up. Along with going way to quick there were a lot of other logistical issues that came up for buyers and lender so this year, 2024, they are releasing another round of funding and changing things up with how people qualify as well as how the funds are distributed. To go over all the info we currently know about this new round of funding, I sit down with Mike LaSalla from Loan Depot @hemrylasallagroup and he talked about:✅ The requirements to qualify✅ How the process works to submit an application ✅ Reviews other downpayment assistance programs for first time homebuyers in case they can't get this oneIf you are a first time homebuyer definitely make sure you check this episode out today because funds will go quick once the applications open up. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
In this eye-opening video, we dive deep into the myth of the impending 'silver tsunami' housing crash and unveil the truth with 5 key reasons why it's not going to happen. Contrary to popular belief, the aging baby boomer generation won't lead to a dramatic downturn in the real estate market. Here's why:1) Tax Implications - We explore how tax considerations play a crucial role in the decision-making process for many homeowners, influencing their choice to hold onto their properties longer than anticipated.2) Affordability Crisis - The current affordability crisis is reshaping the housing landscape, making it less likely for a mass sell-off by baby boomers.3) Scarcity of Suitable Downsizing Options - A significant lack of smaller, more manageable homes is leading many older homeowners to reconsider downsizing plans.4) Generational Timeline - The baby boomer generation spans almost two decades, meaning their impact on the housing market will be gradual and varied, not a sudden wave.5) The Numbers Don't Add Up - We break down the percentages and demographic data to show why the feared 'silver tsunami' is more of a ripple than a tidal wave.Join me as I dissect these points with data, expert opinions, and real-world examples, shedding light on why the housing market may be more resilient than we think. Don't forget to like, share, and subscribe for more myth-busting insights and real estate analysis!"Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionSign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFqJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf
Are you a first-time home buyer in Orange County, eager to take the exciting step towards homeownership in 2024 but aren’t sure how the process works, how much you need to have saved up, or how to keep yourself protected when making such a large purchase? Don't navigate this journey alone! I’ll explain the whole process step-by-step from budgeting, searching for homes, placing competitive offers, navigating escrow, all the way through getting the keys handed to you to your very first home! ???? Here's What You'll Learn:✅ Understanding the Orange County Housing Market✅ Financial Readiness & Budgeting Tips✅ Mortgage Options and Pre-Approval Process✅ Navigating the Home Search and Evaluation✅ Making Winning Offers and Negotiations✅ Home Inspections and Closing Procedures✅ Avoiding Common First-Time Buyer Pitfalls✅ And Much More!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionWould you like to sign up for my weekly newsletter to get additional insight into the Orange County housing market? Sign up for free by going here: https://app.bombbomb.com/app/form/?form_id=fd816840-69e3-5077-be55-f7a56b945f81Josh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
Are you wondering what it takes to get your offer accepted in the 2024 housing market? Or are you actively placing offers but struggling to get your offer accepted? ????✨ Discover the secrets to stand out in the competitive home-buying journey! This essential guide reveals five key strategies to boost your chances of getting that dream home and they have nothing to do with the price! Learn how to:1) Secure the Right Mortgage Approval: Dive into the world of mortgage approvals and find out why a fully underwritten pre-approval could be your golden ticket.2) Agent Communication is Key: Uncover the crucial role of agent communication in crafting an offer that sellers can't resist. 3) Navigating Contingencies with Confidence: Find out how to safely reduce contingency periods to make your offer more attractive.4) Lender-Selling Agent Interaction: Learn the importance of direct communication between your lender and the seller's agent.5) Choose the Right Real Estate Agent: Get insights on selecting an agent who excels in offer submission and follows instructions meticulously. Join us as we explore these pivotal strategies, tailored for 2024's unique market conditions. Whether you'e a first-time buyer looking to upgrade your current home, this video is your roadmap to success in the modern real estate landscape. Don't miss out on your dream home - Listen now for expert advice and start your journey to homeownership with confidence!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
t's that time of year again, the much anticipated 2024 Orange County Housing Market forecast is HERE! I'll break down the latest trends and forecasts, and highlighting what buyers, sellers, and investors need to know. We will look at the impact of changing interest rates, inventory levels, buyer demand, and how that all impacts home appreciation in Orange County for 2024. I'll also be going over my advice for both buyers and seller who are thinking of entering the housing market in 2024 and when they might find the best opportunities for success. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestate
Welcome to my latest Orange County Housing Market Forecast for November 2023! If you're looking to buy or sell a home in Orange County, you won't want to miss this.In this video, I dive deep into the key factors shaping the housing market in Orange County, California, this month:???? Falling Interest Rates: We'll discuss how interest rates are on a downward trend, making it an excellent time for potential homebuyers to secure better mortgage rates than last month and reduce their monthly payments. If the current economic trends continue there is a good chance the highest interest rates are now behind us.???? Inventory Trends: Learn about the significant decrease in housing inventory expected by the end of this month. Discover how this limited supply may impact your search for the perfect home.???? Demand Dynamics: Explore the dynamics of demand in Orange County. We'll examine how falling interest rates may influence homebuyer demand, and whether it will decrease as quickly as inventory, or if it will remain relatively stable.????️ Home Values: Some areas are experiencing stability, while others see prices rise, and some may see a decline. Overall housing prices aren't expected to move significantly in any direction ???? Holiday Season Advantage: Discover how savvy buyers can take advantage of sellers who are more willing to negotiate as the holiday season approaches. Don't miss out on potential deals and savings.Stay informed and make data driven decisions in Orange County's ever-changing real estate market. Whether you're a buyer, seller, or investor, I will help you navigate the November 2023 housing market with confidence.Like and subscribe to my channel for regular updates on Orange County's housing market, and hit the notification bell so you never miss out on valuable insights. If you have any questions or would like to discuss your specific real estate needs, feel free to reach out anytime!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
The latest major California ADU legislation just passed and it's called AB 1033. So what is it? To simplify it, it basically allows homeowners to build an ADU and actually sell it as a separate property ????. So what do we know about it? What are some of the pro and cons? Who would benefit from this most? Will it destroy single family home neighborhoods? Check out video to get an understanding of all this and more.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
October Orange County Housing Market Update ????????Dive into the latest trends and insights in the Orange County housing market this October. In this update, we cover:1️⃣ A slowing market, typical for the autumn season.2️⃣ Stabilizing home prices, offering a balanced landscape for buyers and sellers.3️⃣ Interest rates soaring to their highest since the year 2000, impacting buying power.4️⃣ A golden window for buyers as sellers are trying to finalize deals before the holiday season.5️⃣ An urgent call for sellers: List your property now to take advantage of the current demand, which is anticipated to slow significantly by mid-November.Stay informed and make the best decisions for your real estate journey. Subscribe now for weekly market insights and updates!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435LinkTree: https://linktr.ee/joshtherealestatedad
???? How to Choose the Right Lender: Your Ultimate GuideIn this comprehensive guide, we dive into the three cornerstone principles of selecting the right lender for your needs: Communication, Clarity, and Commitment. Without these you can run the risk of watching your dream home slip through your hands. This video will go over what makes a good lender, what to watch out for, and how to figure out which lender will work best for you.???? Key Highlights:Communication - Understand why open and consistent communication with your lender is vital.Clarity - Learn how to sift through the jargon and find a lender who provides clear and straightforward information.Commitment - Discover how to identify a lender who is genuinely committed to helping you achieve your financial goals and sticks to their wordWant to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
???? Orange County Housing Market Update - September 2023 ????Hey Orange County, in this episode, we dive deep into the current market dynamics, including the seasonal slowdown, fluctuating interest rates, and the future of home affordability in the region.???? Key Highlights:Market Slowdown: Understand the seasonal shifts affecting both buyers and sellers.Interest Rates Insight: Get the lowdown on the recent spike in interest rates and what it means for potential home buyers and sellers.Affordability Crisis: Discover the current state of home affordability in California and what the future holds.Expert Advice: Gain valuable insights and advice on navigating the changing market dynamics.Whether you're thinking of buying your first home in Orange County or considering selling, stay one step ahead by watching this channel. Don't forget to hit the subscribe button for more updates on the Orange County real estate market in the future!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
Here are the key points:-Interest rates are at one of the highest levels in 20 years, but home prices are still going up.-This is because inventory is extremely low. There are only 2,400 homes on the market in Orange County right now compared to the average of over 6,500 before covid.-This is causing a seller's market.-Buyers are willing to pay more for homes, even with higher interest rates.-Many homeowners are locked in to their current mortgage rates unwilling to move. The higher rates go the less home owners want to sell-Interest rates are not likely to fall significantly any time soon, as the Federal Reserve is expected to continue raising rates in an effort to combat inflation.-The housing market is not going to crash anytime soon, supply and demand are both moving together right now no matter what rates are doing.
The Orange County housing market is continuing to heat up in the fall of 2023. Home prices are rising, inventory is still at historic lows, and the housing market has fully recovered from the pandemic. Prices are at the highest levels ever, making it a challenging time for first-time buyers.
In June 2023, according to Corelogic, the median home price in Orange County was $1.059 million, up 3% from a year ago, completely erasing the "bubble burst" that so many people thought was going to happen. Inventory is still very low, with just 1 months of supply on the market. This means that homes are selling quickly and buyers are often competing in bidding wars.
The housing market is expected to continue to rise in the fall of 2023. However, the pace of growth may slow as interest rates have gone up over the last month and the traditional slowing of the housing market starts as kids go back to school. This could give buyers some breathing room when placing offers but affordability is still going to be a struggle this fall for many.
If you are thinking about buying a home in Orange County, it is important to be prepared for the challenges of the current market. You should have a strong financial plan and be prepared to act quickly when you find a home that you love.
Here are some additional tips for buyers in the Orange County housing market:
-Get pre-approved for a mortgage before you start looking at homes. This will show sellers that you are serious about buying and will give you an idea of how much you can afford. -Be prepared to act quickly. Homes in Orange County are selling quickly, so you need to be ready to put in an offer as soon as you find a home that you like. -Be willing to compromise on your must-haves. The housing market in Orange County is very competitive, so you may need to be willing to compromise on some of your must-haves in order to find a home that you can afford. -Work with a experienced real estate agent who can help you navigate the competitive market and find the right home for you.
Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-session
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Almost everyone at this point who has wandered onto Zillow's website in the past 10 years knows the word Zestimate. Maybe you wanted to know how much your own home was worth, or maybe you wanted to see what Zillow thought of the value of the home you were placing an offer on. Or maybe you found out where your ex lives and wanted to see how well off they are now ????. Either way, they have now become a normal part of the home buying and selling process. So the question then becomes, exactly how accurate are these Zestimates in 2023 and when should you trust them to get the value right vs. when you shouldn't touch them with a 10-foot pole. We will go over all that and more in this week's episode.
Zillow's Zestimate FAQ page: https://www.zillow.com/z/zestimate/
Edit your home on Zillow: https://www.zillow.com/sellerlanding/edityourhome/
Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-session
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Half of the year is already gone and many who thought a giant housing crash was coming this year are surprised to see that home price in Orange County are actually headed back up. Since March we have seen homes appreciate in Orange County and as we head to the back half of the year, based on the current data, you can expect that trend to continue. Even with high rates and home prices, there is just not enough supply on the market to allow values to drop. More than 60% of homes are selling at or above asking price right now in Orange County which is even more than last month. With home owners hesitant to sell their homes and give up their historically low interest rates, and because current interest rates haven't budged much lower than the beginning of 2023, inventory is likely to be a problem for the remainder of the year. An even more surprising stat is that in Orange county we are only about 4-5% below all time highs again for the median home price. ????
Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-session
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Thinking of buying or selling a home this summer in Orange County? Kids are getting out of school, the weather should be heating up soon, and the summer housing market has officially started here in OC. However, it's not what a lot of people expected. Interest rates have been on the rise in May, briefly going above 7% again, but at the same time the housing market is on fire with multiple offers on more homes than not, and home values are increasing for a 3rd month in a row. Why is this happening? Aren't we supposed to be seeing a giant housing market crash? It's all explained in my monthly housing market forecast for Orange County, check it out now!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
One of the most politicized issues to hit the housing market this year has been the new changes that just went into effect May 1st that impact home mortgage interest rates. There have been a lot of headlines out there that make it seem like people with higher credit scores will now be getting a higher interest rate than those with lower credit scores. This seems crazy, but is there any truth in it? Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
It MAY be hard to believe but the housing market in most price ranges is back to a seller’s market in Orange County as we head toward the summer. Open houses are packed and multiple offers are becoming more and more common as the weeks go on. How is this possible with home prices and interest rates so high? It all comes down to supply and demand, and right now we are dealing with the lowest supply of housing in Orange County for this time of year since at least 2004. We are almost 200% lower than where we should be right now. So even though demand is lower than normal as well, it’s nowhere near as low as supply and unless we see a spike in interest rates above 7%, which is becoming less likely by the day, this isn’t going to change anytime soon. Buyers, if you are thinking of buying a home this Summer the sooner you get into escrow the better it will be in terms of the price you pay. Sellers, get your home on the market NOW! There are so many buyers just waiting for the perfect home to hit the market and as long as you price and market your home correctly, you’ll be able to get into escrow in less than a month in most prices ranges again. This is an especially great timing for anyone looking to buy and sell a home after the school year is over because we are only a few weeks away from summer in most school districts around Orange County. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-session
Will the market crash in 2023? Over the last 6 months that has been the most popular question I've had conversations around with both home buyers and sellers and it makes sense. It's natural the think back to the last time we saw homes lose value and use it as a reference, however in this case, the last time we saw home prices fall consistently was during the housing crisis of 2008 where we saw a once in a generation crash of 30-40% in home values. So with all the uncertainty in the market are we about to see a housing crisis 2.0? That is exactly what I'll be discussing today. We will look at the reasons for the last housing crash and compare them with what is happening today to give you a much better insight on the current market and the chances of a major correction happening anytime in the near future. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
Surprising even me, the popularity of the California Dream for All Loan program offered by CALHFA that gave buyers up to 20% downpayment assistance caused buyers to flood to it depleting the $300,000,000 in funds in under 2 weeks! I knew the original timeline that they thought it would last(which was until the end of Summer) was way to optimistic but I was assuming it would at least last for a month or two but here we are. However, I still wanted to put out this recent webinar I did with Mina Yusada from Guaranteed Rate Affinity because there is a lot of great information about how this whole program works and we really go into detail about the pros and cons as well. There is also a chance that some of the funds that have been reserved by current buyers that went into escrow eventually get put back into the program if those buyers fall out of escrow and on top of that California has already said that due to it's popularity and the way the program was supposed to work they would look at putting more funding towards it if future budgets allowed. So hopefully this video will be useful for those buying a home in the future as well. Now, if you did want to use this program but missed out, remember that CALHFA does have a lot of other home buying assistance programs available, some of which will cover up to 3.5% downpayment as well as closing costs, so although you can't currently get the full 20%, those programs could help many buyers reach their home buying goals. I'm sure I'll do some additional videos on these programs in the future so make sure you don't forget to subscribe so you don't miss it! Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
Have we reached the bottom of the housing market downturn in Orange County? The data seems to all be pointing that way. Open houses are packed and multiple offers are becoming more common place again. Demand has been increasing for a month strait, inventory still is struggling to go up, and rates have dropped again. This is all leading to a very real chance that if these trends continue, we will see the housing market in Orange County stabilize as we go through April and we could even start seeing home prices rise again by the end of the month in certain cities and neighborhoods. So if you are thinking of buying or selling a home in the next few months what should you do? That's exactly what I will be going over in my April housing market forecast for Orange County so check it out!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
California Dream for all loan program has been one of the most widely anticipated programs I’ve seen in a long time. Getting up to 20% for your downpayment in California will help those who have been stuck paying such crazy prices for rent year after year overcome the biggest hurdle to home buying in California(the downpayment) and allow them to get out of the rental rat race and finally get into a home. Although the program budget was cut from about half a billion to 300 million, this will still help close to 3,000 renters realize the dream of home ownership for the first time. These fund will obviously go fast so in today’s episode I sit down with Dennis Angstrom from E Mortgage Capital and we go over the details of the program, the pros and the cons, and hopefully provide some clarity for buyers along the way. If you are interested in learning more about this program there are two ways you can get even more info:1. You can set up a discovery call with me anytime by clicking on the link below:https://calendly.com/joshalexanderrealestate/over-the-phone-informational-session2. I will be hosting a webinar this upcoming Wednesday April 5th at 6pm and I’ll have on one of my other preferred lenders where we will go over the program in even more detail and have a Q&A session afterwards to answer all of your questions. To register for the free webinar click the link below:https://streamyard.com/watch/7TWW7MBbA7qH
Looking to raise your credit score quickly? Giving advice is one thing, but taking my own advice and applying it is another. In today's episode I go over a 3 month experiment that I ran with my own credit score to see what impact I could have if let my credit debt build up and then paid it off all at once. The results were surprising! I knew that my score would go up but how much and how fast it went up took me off guard. In this episode I show you what I did as well as go over three situations where this could help you buy a home and save tens of thousands of dollars. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-session
You can't turn on the news without seeing stories about how the recent big bank failures both here and abroad have impacted the economy. But does the bank failures impact the housing market, and more specifically, will it impact you if you're buying a home? There are actually some pros and cons of these recent news headlines and on this episode I'll be covering what all this means for anyone looking to buy a home in Orange County California in the near future. Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435
If you're thinking about putting your house on the market this year, you won't want to miss this essential guide of the 5 things you need to know before selling your home in 2023. Today I’ll cover:1. The importance of getting a pre-inspection done on your home. By doing this, you can identify any issues that may need to be addressed before putting your house up for sale, which can save you time and money in the long run.2. How boosting your curb appeal can make a significant difference in attracting potential buyers. By making simple changes like updating your landscaping or giving your front door a fresh coat of paint, you can make your home stand out from the competition.3. Refreshing your interior space. Making minor updates like repainting, decluttering, or updating fixtures can help create a welcoming and inviting environment for potential buyers.4. The importance of hiring an agent who knows how to market using the latest technology. In today's digital age, having an agent who understands the power of social media and online marketing can help ensure that your home reaches the widest possible audience.5. Being patient and flexible when selling your home. Real estate can be unpredictable, especially in today’s environment of rapidly swinging interest rates and it's essential to remain calm and open to negotiation throughout the selling process.Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/
The month of February in the Orange County housing market was the most turbulent month we have seen since October of 2022 in the Orange County market. Rates jumped by a full percent, and supply went down instead of up like it usually does this time of year. Wait what?! Rates went up...so shouldn't supply start climbing as less home buyers enter the market? What is going on? To find out what's happening in the housing market, what to expect in March, and what this all means for buyers and sellers who are thinking of entering this market in the next few weeks, make sure you check out my Orange County housing market forecast for March 2023! Also, don't forget to subscribe to get weekly tips and updates so when you do decide to enter the market, you're one step ahead of everyone else! Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
Are you in the market for a new home? Don't miss out on these five essential secrets that no one talks about when buying a home. Here are the five secrets:1. Buy a home you can afford: It's important to buy a home that fits your budget. Don't overextend yourself, as it could lead to financial difficulties down the road.2. Buy a home in a good school district: Even if you don't have kids or don't plan on having them, buying a home in a good school district is a smart investment. Homes in these areas tend to appreciate in value faster than homes in other areas.3. You don't need 20% down: Contrary to popular belief, you don't need to put down 20% to buy a home. There are many loan options available that require less than 20% down.4. You can back out of a deal if you want: If you change your mind about buying a home, you can back out of the deal. Just make sure you have a contingency clause in your contract that allows you to do so.5. It costs more to own than rent: When you own a home, you're responsible for all the maintenance and repairs. This can add up quickly and make owning a home more expensive than renting.So there you have it, the five secrets no one talks about when buying a home. Keep these in mind when you're in the market for a new home. Thanks for listening!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
Looking to buy a home in Orange County but not sure how much you need to earn? On this weeks episode I talk to Mina Yasuda from Guaranteed Rate Affinity and we'll break down the average home prices in Orange County and explore the necessary income levels to afford them. We'll also dive into the various factors that can impact your ability to purchase a home. Whether you're a first-time homebuyer or simply curious about the housing market in Orange County, this video will give you some valuable insights and tips to get you ready to purchase a new home. So, sit back, relax, and let's crunch some numbers together!Want to have a friendly no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
Are you considering buying a home in Orange County in 2023? If so, it's important to have a clear understanding of the costs involved so you know how much you need to have saved up in your bank account before really getting serious about the process. In this video, we'll explore the costs you need to know about when buying a home in Orange County in 2023, including a break down of the estimated costs of buy an average priced condo and single family home in Orange County based on today's prices. Whether you're a first-time home buyer, move up buyer, or looking to invest, this video will provide valuable insights as to what it takes to buy a home in today's market. Want to have a no pressure conversation about your specific real estate related questions? Schedule a 30 minute discover call with me by clicking here: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
We are only a few weeks into the year and already we are starting to see some pretty significant changes in the Orange County housing market. What are those changes and how will they impact the housing market as we go through February? Check out my Orange County housing market forecast for February to find out what you need to know if you are thinking about buying or selling a home in 2023. To book a discovery call with me to discuss the market in your area, your goals, or anything else related to real estate click the link below: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
Looking to buy a house in Orange County in 2023? Then this video is for you! In this tutorial, we will cover everything you need to know to make a competitive offer on your dream home. From understanding the current housing market and identifying the right price to negotiating with the seller, we will give you the tips and tricks you need to make the process as smooth and successful as possible. Whether you're a first-time homebuyer or a seasoned pro, this video is a must-watch for anyone looking to buy a house in 2023. Don't miss out, subscribe to the podcast for more real estate advice and tips!Book a discovery call to chat about the housing market, advice on a specific situation, or anything else related to real estate by clicking on the link below: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-sessionJosh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/
2022 was a wild year in real estate! Within one year we saw the Orange County housing market go from the hottest market we have ever seen in the Spring, then watching as interest rates spiked quicker than anytime in recent history, more than doubling in just a few months. So with all of this uncertainty in the market, what should you expect in the Orange County housing market in 2023? That is exactly what we are going to review in my annual Orange County housing marker forecast. So if you are thinking 2023 might be the year you decide to buy or sell a home, don't miss this episode! Josh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435BUYERS:Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxHow to budget for a home - https://vid.us/70npzsSELLERS:Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf10-steps to marketing your home correctly - https://vid.us/rlkma2Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
It might seem impossible but there are plenty of ways to buy a more expensive home without increasing your income. One of the ways that isn't talked about as much is instead of using all of your savings on the downpayment, you can be strategic and use some of it to pay off debt which will often disproportionally increase the amount of home your can afford relative to the dollars you spent paying off your debt. Check out a few of the strategies in this video.Josh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
We have previously discussed 2/1 buy down programs, how they are used, and how they help buyers secure a low interest rate in a high interest rate environment and today's episode is going to be building on top of that knowledge by going over a brand new type of 2/1 buy down program that helps even more buyers get into homes with that low rate. To go over all the details of this new program I sit down with Dennis Angstrom from E-mortgage capital and he breaks down the numbers for you as well as when this program may and may not be a good idea for buyers to take advantage of. To reach Dennis you can find him at:E-mail: dangstrom@emortgagecapital.comCall/text: 949-945-4964Josh AlexanderTHE brokeredgeJoshAlexanderRealEstate@gmail.com714.366.2186DRE#:01974435Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKPThinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kxThinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtfWant to schedule a time to talk? - calendly.com/joshalexanderrealestateFollow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/LinkTree: https://linktr.ee/joshtherealestatedad
Thinking about building an ADU on your property in California but don't know where to start? Are you interested in learning how to get a grant of $40,000 for some of the cost of the build, or are you interested in joining a community of others who have built or are in the process of building their own ADU so you can ask questions to help make your build easier? Then this week's episode is for you. Today I interview Ryan O'Connell from @How To ADU one of my go to sources for the latest info on anything having to do with ADU's in California and we go over all this and more
Want to learn more about How to ADU? Connect with Ryan here: YouTube: @How To ADU Website: http://how-to-adu.com/ Instagram: https://www.instagram.com/ryanohousing/ Facebook group: http://facebook.com/groups/howtoadu TikTok: http://tiktok.com/@howtoadu E-mail: ryan@how-to-adu.com Private Community Membership: https://community.how-to-adu.com/how-to-adu
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf
Want to schedule a time to talk? - calendly.com/joshalexanderrealestate
Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/
Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/
Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/
LinkTree: https://linktr.ee/joshtherealestatedad
2/1 buy down loans are the most talked about mortgage product on the market right now because it helps buyers feel more comfortable with the monthly mortgage payments in today's high interest rate environment and don't carry the risks of ARM products that got a lot of home owners into trouble during the last recession. For those who don't have a lot of extra cash, this is a great tool to help you get a temporary lower monthly mortgage without having to spend a dime with the option to refinances if rates go down in the future to secure a low rate long term. In this episode I interview Mina from Guarantee Rate Affinity and we discuss everything you need to know about the 2/1 buy down program.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf
Want to schedule a time to talk? - calendly.com/joshalexanderrealestate
Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/
Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/
Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/
LinkTree: https://linktr.ee/joshtherealestatedad
It's been a wild October in the housing market, interest rates are driving the market as well as the headlines in the news. The media is making it sound like the sky is falling and another 2008 is just around the corner, but is it? As always, let's look at the ACTUAL data in Orange County so you can have some clarity among all the chaos. In this monthly update we are going to look at: 1) What supply and demand are doing 2) What interest rates are doing as well as when and why they might go down 3) What does all this mean for the housing market in OC for the remainder of the year 4) My best advice for both buyers and sellers in TODAY'S market
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf
Want to schedule a time to talk? - calendly.com/joshalexanderrealestate
Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/
Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/
Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/
LinkTree: https://linktr.ee/joshtherealestatedad
Is one of your goals to buy a home in the next 12 months? Then this episode is for you. Today I interview Dino Katsiametis from CA Coastal Loans and we discuss a bunch of different topics including ways buyers can reduce the interest rate by up to 3% on their next mortgage as well as a brand new program he is rolling out starting today that will help a lot of buyers with a portion of the closing costs/downpayment on their next home. Want to know if you qualify? Watch the episode to find out now!
Want to find out more? You can contact him at: Dino Katsiametis dino@cacoastalloans.com https://www.cacoastalloans.com 949.720.1616 BRE#: 01244052
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf
Want to schedule a time to talk? - calendly.com/joshalexanderrealestate
Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/
Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/
Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/
LinkTree: https://linktr.ee/joshtherealestatedad
Home buyers! Don't let a hacker steal your down payment, make sure you take the proper steps to keep yourself and your money safe in today's increasingly digital world. Mortgage wire fraud is on the rise and is predicted to double in the next few years. One of the biggest mistakes a home buyer can make is accidentally transferring their downpayment to an account created by a hacker. When this happens, it going to be extremely difficult to trace the money and get it back and the buyer could lose everything. Don't become a statistic, make sure you, your agent, and your escrow company are taking the proper steps to keep your hard earned money safe.
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Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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Is it a goal of yours to buy a home in the next 12 months? Upset you missed out on the historically low interest rates over the last two years? What if I told you there is a way you might be able to still get those low mortgage rates when you purchase a home RIGHT NOW? You might have heard of assumable loans and didn’t quite know what they were or how they work. In this episode, I am going to go over everything you need to know about what they are, how to qualify for them, the pros, cons, and some best practices if you are thinking of buying or selling a home using an assumable loan to lock in the lowest interest rate you can when buying a home in TODAY’S market.
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Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
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Mortgage interest rates are the highest they've been in 20 years, making homes unaffordable for many buyers. Let's take a look at the top 5 ways to get the best mortgage rate possible as we finish out 2022 so you can still enter the market today and take advantage of the best market buyers have seen in years.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
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As we head into October and get closer to Halloween, the Orange County housing market forecast seems to be getting scarier by the day. Right now there are so many headlines out there that are often contradicting each other it makes it really hard to make sense of what is actually happening here in our local market. As always, let's take away the headlines and actually look at what the data shows in my Orange County Housing Market forecast for October 2022.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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When being jolted from the hottest seller's market we have ever seen to a market that is more in balance in such a short period of time, one of the biggest mistakes to avoid when selling a house in the next 12 months is going to be hiring an agent that doesn't understand how to property market a home and who doesn't use data to better understand what the market is doing. Things are shifting so quickly that those who don't have a good fundamental understand on what drives the housing market and aren't familiar with the effort it takes to market a home in a much more competitive environment are going to frustrate a lot of home sellers over the next year. Don't be one of these sellers, make sure you use the strategies outlined in this video to make sure you are picking a competent agent who will not only get your home sold quick but for top dollar as well.
10-step process to sell your home: https://vid.us/rlkma2
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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If you haven't heard the term mortgage rate lockdown yet, get ready to start hearing about it soon. Conditions are unfortunately perfect for this to happen in today's housing market. When we come from a period of extremely low interest rates and it's followed by a rapid increase in rates, it makes it extremely difficult for a lot of homeowner to move because mortgage payments, even for the same priced home, can be ridiculously higher if they locked in a low rate during the last two years. What will this do to the housing market? In the short term, it actually helps stabilize the market because as demand drops to historic lows inventory will dry up as well. So when a decrease in demand is met with a decrease in supply, you're not going to see any major shifts in home prices. So don't expect any major shifts this Fall in the Orange County housing market.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
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What comes with a house when it's sold, and maybe more importantly what are the sellers allowed to take with them when they sell their home? Luckily for Californians, the home purchase contract makes most of this crystal clear and even though there are still a few grey areas, they can be cleared up quickly with the correct wording when making an offer on a home. This episode goes over what the purchase contract says is included and excluded from a standard sale which is extremely important to know ahead of time before trying to buy OR sell a home.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
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What will happen this Fall in the Orange County housing market? With how fast the housing market is changing it's impossible to predict with 100% accuracy. Will we see prices fall? What should sellers and buyers expect? Let's look at the data and some of the normal trends we see around the Orange County housing market this time of year to get a realistic idea of what you can expect to happen and some advice for both buyers and sellers on how to best navigate the housing market over the next few months.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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Interest rates are at 15 year highs, demand is lower than anytime since 2007. So why are we not seeing home prices plummet in Orange County right now? One word. SUPPLY. Supply started the year at the lowest level ever and this year we have seen 17% less homes hit the market in Orange County than usual. Until we get supply back up, the market is going to remain stable for the foreseeable future. How can supply get high enough to see home values drop? This episode goes over that and more.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
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When buying a home there are a lot of factors to consider, but did you know how important finding a home next to a great school district is? How does it impact your home value? How do you research and compare the quality of schools? What are some of the best school districts in Orange County California? If you have kids or don't, let's look at why researching the school district when looking for a home is a smart move.
To find more info on schools near you, you can use the follow sites: GreatSchools.org Niche.com Schooldigger.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Rental prices in Orange County have been on the rise for years but we have seen some of the most dramatic increases ever over the last 12 months. In this episode I cover how much rental prices are rising, the reasoning behind it, and what to expect if you are thinking of looking for a rental or have a lease renewal coming up. If you are a current or future renter, this episode is for you!
Orange County housing market update for August 2022. The housing market in Orange County has been wild over the last 3 months but it looks like things are starting to stabilize. Trends are showing supply is increasing at a slower rate and demand, although still slightly dropping, seems to have come close to bottoming out. The main contributing factor to this stabilization has been interest rates dropping by over a percent in the last 6 weeks hitting lows not seen since April in the housing market. This is making homes more affordable again. Although we are still in a slight seller's market, buyers who are able to afford a mortgage are finding it easier to buy a home right now than anytime in the last 2 1/2 years.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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Did you know when a seller issues a counter offer to a buyer they have two different forms available for them to use? One is more advantageous to the buyer and the other to the seller. Which is which? How are these forms used? Learn about them here so you aren't caught off-guard when buying to selling a home in Southern California.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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Will mortgage rates go up or down during a recession? Looking at data from all recessions in the past 40 years, it's pretty clear. In 100% of those recessions, mortgage rates first spiked and then went down by they end of the recession. Once we see inflation peak and start dropping, you can expect mortgage rates to do the same. At the same time, the feds will also typically lower rates to encourage spending again to help the economy get out of a recession which further increase the chances that rates will end up lower after everything is said and done.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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For the first time in what seems like forever the trends in the housing data for Orange County are starting to show that there is a way for us to get to a buyer's market before the end of the year. However, the chances are still very slim and even if we do, don't expect prices to fall in any significant way. THIS IS NOT 2007. So what should you do if you are thinking of buying or selling a home this Summer in Orange County? Check out the video to see what's currently happening in the market, what to expect over the remainder of summer, my advice for both buyers and sellers in this quickly shifting market, and what would cause us to slip into a buyer's market by the end of the year.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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The fed just announced a rate increase of .75% this week. Will this increase impact the housing market? If so, how does it impact the housing market and what should you expect as we head into summer as both a buyer or seller?
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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Ever wonder how to sell your home faster and for top dollar? Are you afraid of the selling process because you think it will be stressful and complicated? This video goes over my 10-step process of how I go about selling homes faster and for top dollar while eliminating as much stress as possible for the homeowner.
Thinking of selling or buying a home this Summer? The housing market is changing quickly in Orange County California and if you don't have the proper expectations set as both a both a buyer and seller it can lead to disappointment and frustration. Let's take a look at what to expect in the housing market as school gets out and the busiest time of the year for real estate kicks off.
Home prices are at all time highs, demand is dropping, supply is increasing, are we about to see a repeat of the 2008 housing market meltdown? As always, let's look at the actual data and see how today's housing market is on much more solid ground than back in 2008 and why the cooling in the housing market we are currently seeing is actually a good thing.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP
Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx
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As a recession seems more and more likely to hit in the coming months(if we aren't already in one right now). Many home buyers and sellers are asking what will a recession do to the housing market? Will prices fall like the previous recession? Are we reaching a peak? When you look at the data on how the housing market faired during the last 5 recessions it actually shows a much different story.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Interest rates have shot up over the last few months to well above 5%. What does this mean for the Orange County housing market? Demand is dropping and supply is increasing at rates not seen in years. Did we hit the peak and are we about to see a market crash? I'll go over the actual data to give you a data driven answer in today's episode of Orange County Housing Market News.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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You just had your home inspection done and the report just dropped into your inbox. Now what? How do you read an inspection report and more importantly, how do you use the inspection report to ask the seller to repair something? I go over all this and more and this video is also the first in the series I am doing on how to buy a home in California. So if you are thinking of buying a home in the Orange County or the surrounding area, make sure you hit that subscribe button!
Interest rates have skyrocketed over the last 6 weeks. How is that going to impact the April housing market? Will we see a market correction? What should buyers and sellers expect in the Orange County housing market as we head toward Summer? I go over all this and more in the April housing market update.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Interest rates are rising fast, home prices are at all time highs. How do I know if now is a good time to buy a home? Is it too risky? What should I be looking at to determine if buying a home is still a good idea this year? When should I buy and when should I wait?
The age old question, should I be buying a home when home prices are high but interest rates are low or wait for home prices to drop and then buying even if interest rates are high? Let's run the numbers to find out. In this episode we go over the most likely reason home values would drop in the near future and how that might impact buyers who are on the fence when it comes to when to buy a home.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Spring is HERE! What should you expect in the 2022 housing market in March and beyond? How has the war in Ukraine impacted the housing market? I go over all that and more in the March 2022 housing market update.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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The housing market has been and still is on fire right now, however two key indicators that tend to predict what the housing market will do in the future are showing a slow down might be around the corner. Are we about to see a shift in the market, and if so, what can we expect? Let's take a look.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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If you have been hoping that it will be easier to buy a home this Valentine's Day in Orange County, I'm here to break your heart. The housing market is still on fire and just continues to get hotter in February, even as rates continue to rise. Demand is sky high from buyers having FOMO and inventory is still thousands of homes away from a normal market. Seller's get ready to make some money, buyers hold on, it's going to be a rough month.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Home appreciation is starting the year out of control, again. What can help the housing market cool down to a reasonable level? That's what we explore in this episode.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Mortgage interest rates have been on the rise in 2022. So how much impact will it have on the affordability of your mortgage and how does it change the price of home you can afford? Although rising interest rates are needed to cool this crazy seller's market, if you are trying to buy a home right now make sure you pay close attention to what interest rates are doing because if they continue to rise it will make it harder to buy a home at the top of your price range.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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2022 is starting off depressing for buyers who are struggling to buy a home. Buyers need to know what to expect in today's market they don't get burnt out and give up. So what should they expect? Let's look at how to approach buying a home this year and how to set the proper expectations so you don't get burnt out...
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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ClubHouse: @realestatedad
What is the Orange County housing market doing to start the year? Find out with my January 2022 housing market update. Will interest rates go up fast enough to slow down the market soon? What is going on with housing inventory in Orange County?
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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With so many ways to improve your home before selling where should you put your money to get the best return(ROI)? Let look at the top 5 home renovations to help you make more money when selling your home without breaking the bank.
Is Winter a good time to sell your home? Winter in Orange County officially starts next week. Holidays are here and the weather is cooling down. You may have heard that Winter is the worst time to sell your home, but is that good advice for Orange County? Should you sell your home during the Winter months?
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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ClubHouse: @realestatedad
Top 5 things to look for when buying a house. Looking to buy a house in Orange County? What should you look for when buying a house? What red flags do you need to watch out for? Buying a house can be intimidating, especially if it's your first time. Learn what to pay attention to as you tour homes.
Now the we are wrapping up 2021, what will 2022 bring for the Orange County housing market? In this episode I go over the data and my predictions for supply, demand, interest rates, appreciation, top 5 risks, and what I recommend for both buyers and sellers as we enter 2022.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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When buying a home taking the first step and contacting the appropriate professionals can often be confusing and a little intimidating. Who should you contact first? This episode dives into that question.
Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials for even more frequent updates: https://linktr.ee/joshtherealestatedad
In this episode I have a conversation with Dino from California Coastal Loans and we discuss what buyers should know from a lender's prospective for 2022. Some of the topics include, what will interest rates look like in 2022, updates on loan programs that will help buyers purchase in Orange County, why demand is expected to remain strong, and why finding the right lender can help you get into escrow even if you don't submit the highest priced offer. Want to get your own financial plan or pre-approval process started so you are ready to hit the ground running in 2022? Reach out to Dino or myself to take the first step.
Dino Katsiametis CA Coastal Loans 949.720.1616 dino@cacoastalloans.com BRE#:01244052
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Always on the go? Check out the Orange County Housing Market News podcast:
Apple: https://apple.co/3e1PX87 Google Play: https://bit.ly/2WRwCkl Spotify: https://spoti.fi/2zhJtD9 iHeartRadio: https://ihr.fm/36C52uH Pandora: http://pdora.co/2KiPeWT
How is Thanksgiving already a few weeks away? This year flew by, but before it's completely over, let's look at the top 5 things you should know and understand about the real estate market in Orange County for the month of November. If you are buying or selling a home this year, this episode is for you!
Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials for even more info about the housing market: https://linktr.ee/joshtherealestatedad
Prop 19 passed on California last year, news coverage stopped shortly after and I still get a lot of questions about it, so I wanted to break it down for anyone that was interested in seeing exactly how it works. Some examples are included to make it easier to understand the property tax implications.
Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials for even more info about the housing market: https://linktr.ee/joshtherealestatedad
Zillow has put a pause on home buying for the rest of the year, rumors and news articles are speculating that it's because they believe a housing crash is coming, in this episode we look at the data to determine if there is any truth to this.
Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials: https://linktr.ee/joshtherealestatedad
Looking to buy or sell a home, or are you in the middle of a transaction and your agent or escrow company starts talking to you about title insurance? What is it? Who pays for it? What is this 20-30 page preliminary title report that you just received when you opened escrow? These are some of the questions I ask David Glanzrock an OC resident and VP at Fidelity National Title, the largest title insurance company in the world. If you have questions about title insurance he is a great resource and is happy to answer them, feel free to contact him directly or leave a comment on the video and he will get you the help you need. His contact info is:
Call or Text: 714-917-9874 E-mail: titleisboring@fnf.com
Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials: https://linktr.ee/joshtherealestatedad
Inventory and demand are both on their way down as expected for this time of year. Over the next 4-6 weeks expect this hot seller's market to look almost the same as it does today. Right now active inventory for all of Orange County is under 2,200 homes, a record low for this time of year. Typically during the beginning of October we see about 6,400 homes, that is a 194% difference.
Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials: https://linktr.ee/joshtherealestatedad
Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials: https://linktr.ee/joshtherealestatedad
There is a lot of questions and misinformation circulating about the new CA bill SB-9 and what it means for homeowners and single family neighborhoods. Hopefully this video can shed some light on it...
UC Berkeley Study SB9 Study: https://ternercenter.berkeley.edu/wp-content/uploads/2021/07/SB-9-Brief-July-2021-Final.pdf
Are you a first time home buyer and don't know where to start your home buying journey? Check out my free guide to how to budget for your first home: www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials: https://linktr.ee/joshtherealestatedad
The 10-year treasury just hit a 2-month high. When the 10-year goes up, mortgage interest rates tend to follow. If we continue to get good or better than expected economic news over the next two months expect both to continue to rise, slowly, for the rest of the year.
Are you a first time home buyer but don't know where to start, check out my free download of how to budget for your first home by visiting www.buyersguidetobudgeting.com
Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#:01974435
Follow me on all the socials for more frequent updates: https://linktr.ee/joshtherealestatedad
Q2 forbearance data was just released from one of the top mortgage data analysis companies, some dramatic swings in equity and forbearance data. For the full report check out: https://cdn.blackknightinc.com/wp-content/uploads/2021/09/BKI_MM_July2021_Report.pdf
Kids are back in school, pumpkin spice everything is now hitting the shelves, what does this mean? The start of the Fall Housing Market is here. Inventory has flattened and seems to have peaked. Both supply and demand will start to fall as we finish up the year.
Get your FREE e-book on how to budget to buy your first home at: www.buyersguidetobudgeting.com
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on all the socials: https://linktr.ee/joshtherealestatedad
Did you know California has 5.2 BILLION dollars allocated to helping renters repay up to 100% of missed/partially paid rent and utility payments over the last 18 months when those missed payments were due to a covid-19 related income loss?
As of today, the state has only used about 23% of the total funds which leaves 3.9+ billion still sitting ready to help out struggling renters catch up on their payments so I want to do my part to help get the word out. If you are a renter who has missed payments or a landlord who has a tenant who hasn't paid due to covid, please visit Housing.ca.gov. There you can see if you qualify, find out what paperwork you need, and get all your questions answered.
To view the visual slides from this show, watch the video version on my YouTube channel at: https://youtu.be/gsW0Ji6pYOE
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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August Orange County Housing Market Update
Orange County Market Update by the Numbers
Demand is down by 3% since the start of July, however over the last two weeks we have seen demand increase a little bit which is mainly due to the interest rate decrease we have seen over the last month.
Supply is up 6% since the beginning of July, most of that increase happened over the first two weeks of the month and over the last two weeks homes hitting the market have slowed down a bit.
Interest rates are current averaging 2.8%, down from 3% where they were at the beginning of July
The average days on market for a home in Orange County right now is 27 days, compared to the 5 year average of around 78 days for July you can see this market is still a deep seller’s market. In fact anything under 60 days is considered a seller’s market.
For more information and even more data about the current state of the August housing market, please check out my August Housing Market Update Blog post at: https://www.joshalexanderrealestate.com/2021/07/30/august-orange-county-housing-market-update-2/
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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In today’s market, one of the biggest issues that continues to plague both buyers and sellers during escrow is the appraisal process. Home prices are rising so quickly, that it’s been a common problem that when the appraisal comes back, it often is lower than what the buyer has offered to pay. So what happens when the appraisal comes back below the price the home is in contract for and what can you do to protect yourself to give yourself the nest shot at still closing escrow? Let's take a look...
For a more detailed write up check out my blog below:
http://www.joshalexanderrealestate.com/what-happens-when-an-appraisal-comes-in-low-and-what-you-can-do-to-protect-yourself
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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July Housing Market Forecast for Orange County
Hot Housing Summer
What’s been happening over the last few weeks?
-Inventory is rising - Up 8% in the last two weeks -Demand is shrinking - Down 5% in the last two weeks -Interest rates on the rise again but still hovering around 3% -Mortgage applications are dropping (good indication that future demand over the next 30-90 days will continue to decrease)
What to Expect in July and the Remainder of Summer
Buyers:
Good News: Inventory will continue to rise week after week giving you more options and less competition for your new home
Bad News: Appreciation as well as interest rates will also be rising as we go through Summer and transition into Fall. The longer you wait to get into the market, the higher home prices will be and the more you will be paying on your mortgage.
Sellers:
Good News: The market will be in your favor for the foreseeable future. If you price your home correctly the first time, you should receive a good amount of interest. Can you expect 15-20 offers? Probably not, but you should be able to get a good amount of traffic and interest when placing your home on the market
Bad News: Between now and the end of Summer (as well as into Fall) you will see demand slowly decrease, appreciation slow, and interest rates rise. If you are not planning on buying a new home with the money you make off your current homes sale you can probably wait a bit longer to get in on the market without too much of an issue. However, if you are trying to buy a new home after selling your current place, you really have to watch interest rates carefully, as a slight shift up will more dramatically impact your next monthly mortgage payment compared to the extra 1% extra appreciation you might get by waiting to sell. If you are thinking of buying and selling at the same time, now is a good time to take advantage of the low rates and rising inventory on the buying side and the still very high demand on the selling side.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Little has changed over the last month in the housing market, yes supply went up by a few homes, and demand dropped slightly, but overall if you are buying or selling a home today compared to a few weeks ago, you probably won’t feel the difference. School is either out, or almost out and Summer 2021 is about to start. What does this mean for the housing market? We will continue to see demand decrease as the distractions of Summer set in. Buyers, probably more than usual this year due to restrictions finally being lifted, will go on vacation, have family and friends over for BBQ’s, go the the beach, etc. and because of this they are traditionally less aggressively pursuing a home during the next 3 months. At the same time, Sellers are placing their homes on the market in larger number to try to get their home sold to then go and purchase a new one before the Fall semester starts up again. Less demand, more supply, the hot seller’s market is finally coming to an end! Well, don’t get too excited if you’re a buyer or too worried if you’re a seller. The inventory is so low right now that it is going to take months if not years to climb out of this shortage. Just to give you a quick example to illustrate how bad it is, using the years 2015-2019(not using 2020 for obvious reasons) Orange County ended the month of May with and average of 6,363 homes on the market. Can you guess how many homes we have on the market right now? 2,255, which means we typically have 182% more homes on the market going into Summer than we do this year. Very hard to make those kind of numbers up quickly enough to cause any significant shifts in the housing market. On top of that, interest rates are still hovering right around 3%, keeping the demand inflated as buyers try to take advantage of these extremely low rates to lock in the lower monthly payment before rates start to go back up again. We will continue to see homes appreciate this Summer at a quicker than normal pace even as the market cools slightly by the end of Summer.
Sellers: The likelihood that inventory drops any more is very low, in fact you should start seeing it rise more significantly over the next 3 months, at the same time, interest rates seem to have bottomed out right around 3% and will be heading up as we get further into the year. What does this mean for you? Higher supply and lower demand, we are shifting out of the peak Spring selling season and into the Summer season where buyers will have slightly more to choose from. Rising interest rates will also take some buyers out of the market. If you have been waiting for the peak, it has already happened, especially in the luxury home segment, and although we won’t be out of a hot seller’s market anytime soon, lower competition will lead to less offers and the crazy bidding wars will cool down slightly. Because we are in the hottest seller’s market in my lifetime, the transition into a normal hot seller’s market will take time but the longer you wait at this point the further your ability to dictate the terms of your homes sale will erode. If you are looking at purchasing a new home with the proceeds from the sale of your current home, this is especially important because right now buyers are willing to give you months to find a replacement property after your home closes, it won’t be that way forever so take advantage of it now so you don’t have to stress about not being about to find a new home quickly enough once yours sells.
Buyers: Inventory should continue rising over the Summer which is great news for you but don’t get your hopes up too much, it will still be a very competitive market all the way through Summer due to the extreme lack of inventory, There are just not enough homes to go around to satisfy the demand created by these historically low interest rates. However, PLEASE don’t throw in the towel, yes, it’s hard to stay in the game when you are having to deal with multiple offers on the majority of homes, however interest rates are expected to rise and when they do, you could quickly be priced out of the market and will have to wait on the sidelines even longer. Also, please remember, one of the biggest mistakes buyers are making when looking for a home right now is underestimating how long it will take for them to find a home and get into escrow. If you have a deadline on when you need/want to be in a new home, you need to make sure you start the process at least 3 months in advance. If not, you could find yourself in a position where you are compromising on the location and/or must haves in your new home because you are running out of time to find a place. This is one of the top reasons buyers end up regretting buying their home and it’s not an easy fix. Know what to expect, and give yourself the time you need to find the perfect place so when you do, and you get the keys handed to you at the end of escrow, you can enjoy the home for years to come.
It's hard enough for buyers to get into escrow right now, make one mistake and you could lose out on your dream home. In today's episode I discuss the top 5 mistakes I see buyers make and how to avoid them to give yourself the best shot at getting into the home of your dreams in this crazy seller's market.
Inventory has finally started to rise in Orange County as well as the rest of Southern California. Inventory bottomed out in March which means we are now in the Spring market for housing so from here through the end of Summer/early Fall we should see available homes continue to rise. On the demand side, we did see a slight drop over the last few weeks which is due to 1) The typical housing cycle where demand flattens out this time of year 2) Interest rates were climbing though the month of March which lead to more buyers sitting on the sidelines and not entering the market. So what does this mean for May’s housing market? Interest rates have actually decreased again during April so although I expect this to be a temporary drop, it should lead to a slight bump in demand as buyers try to take advantage of what is most likely the last time they will see interest rates under 3% for the rest of the year(this prediction for demand increase is also supported by the data showing mortgage applications are again on the rise after 6 weeks of declines). By the end of May I expect interest rates to continue their climb upwards again as long as the economic news continues to be positive.
7 things to know about the current housing market in Orange County:
- Supply has increased by 6% over the last two weeks
- Demand has decreased by 3% over the last two weeks
- Interest rates have fallen in April and are currently hovering at an average of 2.97% for a 30-year fix mortgage loan
- 2/3 of all homes sold right now are closing above asking price
- Expected market time has gone from 21 to 23 days
- After 6 weeks of declines, mortgage applications are up again by 8.6% this week
- Covid cases in OC are currently at 3 per 100,000 residents and OC has a positive test rate of only 1.4% which is a new low since tracking begin last year.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Spring Orange County Housing Market Update - Sellers beware, the Spring shift is here
30-year fixed mortgage rate: 3.09%(was 2.65% at the beginning of the year)
Inventory in Orange County dropped by about 1% in the last few weeks
Demand in Orange County increased by about 5% in the last few weeks
Median Sale price in Orange County is up 10% since last year(In all of Southern California it’s up by 15%)
Mortgage applications have dropped for three strait weeks now
Over the next 8 weeks we will typically see the largest increase in inventory on a per week basis that we see all year. When we look at the unhealthy appreciation that has been happening all year(almost 1% per month at this point) as well as the steady increase of interest rates(from 2.65% on Jan 1st to 3.09% today), homes are now becoming more unaffordable, which leads to demand dropping slightly. Future demand, although still very strong, has started to decrease slightly for the last three weeks as reflected by the dip in mortgages applications over that same time period. As some buyers pull themselves out of the market, and more homeowners start placing their homes on the market, the housing will start to trend in a more healthy direction. Although the current market, which is the hottest seller’s market we have been in since at least the 80’s, is great for sellers, it’s unhealthy and unsustainable for much longer. The slight slow down is something I as a real estate agent am rooting for to help get us back to a healthy seller’s market instead of an overheated seller’s market. Yes, you read that right, we will still be in a seller’s market as we enter the Summer months as the supply and demand curves just have too much ground to make up to really get anywhere close to transitioning us to a balanced market anytime soon.
Buyers:
At last! The first good news for buyers all year, inventory should start to increase at a quicker pace for the next two months giving you more options to choose from and reducing some of the pressure. However, sellers will still have the upper hand in this market, multiple offers over asking are still going to be common place so it’s important that you understand this as you continue to search for a home.
At the beginning of the year most economic experts were predicting that interest rates would most likely finish this year somewhere in the 3.1%-3.5% range. I am now seeing many of those experts revising their predictions slightly to somewhere in the 3.4-3.9% range. When you take this into account along with appreciation predicted to continue for the remainder of the year, if you are planning on buying a home this year, the sooner you do so the better you will end up being. Homes will just get more unaffordable from here through the rest of the year. But how are you supposed to compete with so many buyers and what are some strategies you can use to put yourself in the best possible position to get your offer accepted? I’m glad you asked, check out the last two episodes where I spend a total of about 50 minutes going over all of the no, low, and higher risk strategies you have available to you as a buyer to give you the best shot at getting into escrow ASAP.
Sellers:
The shift to the Spring market is here, supply has bottomed out and will start to rise as we head into April and May, future demand also looks to be slowing down slightly as well due to the quickly increasing interest rates and overall affordability of homes. If you are planning on selling your home this year and don’t already have it on the market, you have a few weeks left before the leverage you have as a seller peaks and starts going the other direction. By the end of April we will most likely be in a market that will still heavily favor the seller but will start to trend out of the insane, never before seen, seller’s market, and closer to a normal hot seller’s market.
If you are planning on selling your current home and buying a new one, it’s important to remember that the rising interest rates will also impact you on the back end when you go to buy a home. Selling your home now will give you the maximum amount of leverage and as more homes start hitting the market in the coming weeks, you’ll also have more options available to you as a buyer to find the perfect replacement property to move into. Still scared about buying and selling a home at the same time in this market? Check out the two part series I posted a few weeks back about how to safely buy and Sell a home at the same time so you know what protections are available to you to make sure you don’t end up having to scramble to find a new home because your current home sold too fast.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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We are currently in the hottest seller’s market we have seen in my lifetime, unfortunately this also means buyers are finding it almost impossible to get their offers accepted right now. In part 2 of the series of “How to get my Offer Accepted in this HOT Seller’s Market”, I will be covering the risker strategies buyers can use to get their offer accepted. Non of these strategies are without risk but knowing the pros and cons of these risker strategies will hopefully give you the knowledge you need to calculate the risk based on your specific situation and will enable you to make decisions from a place of knowledge vs. letting your emotions get the best of you when trying to buy a home right now.
Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#:01974435
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In this episode I will go over some of the things you should be doing to built the best team around you before even starting the process of looking for a home. What does having a good team around you have to do with making your offer more competitive you ask? This episode breaks it down and gives you simple questions to ask when choosing your real estate agent, lender, and home inspector to make sure you are giving yourself ever chance possible to beat out other buyers in today’s market.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Are we in another bubble in the housing market? The actual data and answer might surprise you. Let's take a look...
For a more in-depth breakdown of the data used in this episode please visit:
http://bit.ly/37Ro1D6
Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#:01974435
Follow me on Facebook at: https://www.facebook.com/joshalexande...
Follow me on Instagram at: https://www.instagram.com/josh_the_re...
Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexa...
LinkTree: https://linktr.ee/joshtherealestatedad
ClubHouse: @realestatedad
February Orange County Housing Market Update
Since the beginning of this year, inventory continues to decline as buyers are snatching up homes faster than they are hitting the market. Over the last few weeks there has been a 5% drop in homes for sale while demand has picked up by a whopping 26% in Orange County. Interest rates are up slightly from the beginning of year (2.73% vs 2.65%) and are projected to continue to slowly rise as more people are vaccinated and the economy improves.
Buyers: I’m not going to sugar coat it, right now this is one of the hardest times in recent memory to purchase a home. Inventory is currently 61% lower than last year at this time and demand is now back on the rise again now that the holidays and Super Bowl are over. You might feel like it’s not even worth it to try and get into a home right now with how crazy everything is, however, if you are thinking of buying a home this year, this is not the best strategy. Appreciation is happing daily in the market and interest rates are still on the rise. The longer you wait to get into escrow the less you will be able to afford and the higher your monthly mortgage payments will be. Now more than ever, it’s extremely important that you work with an agent and lender than can give you the right advise to make sure you are placing competitive and creative offers but at the same time not getting yourself into a deal that you will later regret.
Sellers: Get. Your. Home. On. The. Market. Now! In all price ranges, including those above 1.5 million, sellers haven’t seen a market like this in over 16 years. You are in the drivers seat when it comes to the terms you agree to when going into escrow with a buyer. I will say this every month because it’s so important, and the #1 reason your home won’t sell, make sure you don’t get unrealistic when pricing your home out of the gate. Because buyers have been in the markets longer than usual, they are more aware of what homes should be going for in your market and if you over price your home they won’t take your listing seriously. If you over price and have to reduce it later, statistically you will get less interest and lower offers. In almost all cases, your best bet to receive the highest offer is to still price your home within the high end of market value and let the multiple offers you get help drive up the price even higher.
Looking forward: As we move into March the typically cycle of more homes hitting the market will start to heat up especially as vaccines become more widely available and homeowners start to feel more comfortable having other people in their homes. More homes will be a welcome relief for buyers but by no means will take us out of a hot seller’s market. There is just too much inventory to make up based on where we are now to really impact the market significantly but as the months go on, the combination of interest rates rising, appreciation happing, and more homes hitting the market will slow demand slightly while supply increases.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Did you know one of the biggest fears home sellers have in today’s market has nothing to do with selling their home? Instead, one of the most common questions I am getting right now is, “I know I can get my property sold, but what happens if I can’t find a new place to buy quick enough? Is there a way to protect myself from that so I don’t end up with no where to go when my home sells?”. YES! There are plenty of ways you can protect yourself as both a seller and a buyer even in this crazy seller’s market to make sure that you can not only sell your home for top dollar, but have the flexibility you need to find and close escrow on your new home at the same time. On last week’s episode we went over how to use contingencies to protect yourself, and today, in part 2, I go over 3 additional ways you can protect yourself giving you the flexibility you need in today’s market while still making sure you have enough time to buy your next home before your current one sells.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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ClubHouse: @realestatedad
Did you know one of the biggest fears home sellers have in today’s market has nothing to do with selling their home? Instead, one of the most common questions I am getting right now is, “I know I can get my property sold, but what happens if I can’t find a new place to buy quick enough? Is there a way to protect myself from that so I don’t end up with no where to go when my home sells?”. YES! There are plenty of ways you can protect yourself as both a seller and a buyer even in this crazy seller’s market to make sure that you can not only sell your home for top dollar, but have the flexibility you need to find and close escrow on your new home at the same time. In this episode, I go over two of the most commonly used forms that a homeowner can utilize to protect themselves on both the buying and selling side so they can move directly from their current home into their new home and prevent the headache and stress that comes with trying to find a new property to live in before their current home is sold.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/
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January 2021 Orange County Housing Market Update:
We are starting the year in the hottest seller’s market in recent memory…
As I predicted in the December market update, we have started off the year with the lowest inventory of homes in OC since tracking begin in 2004, and because of this, the housing market is coming out of the gate on fire in 2021. Compared to last year there are 48% less homes on the market at the start of this year while on the other side demand is up by 32%. This has helped us continue where we left off last year, which keeps us in an extremely hot seller’s market.
As we started off the year, interest rates fell from the all-time lows of last year to hit new all times lows last week when they dropped to an average of 2.65% for a 30-year fixed mortgage. Besides the low inventory, this is the main driver of this hot market. Money has never been cheaper to borrow putting homes previously out of reach for some buyers back into the realm of possibilities.
However, last week there was a spike in the 10 year treasury bonds, which is important to watch because although there is not a direct correlation, mortgage interest rates generally follow the 10 year treasury. This week interest rates started to climb and went from last weeks all time lows of 2.65% to 2.79%. It doesn’t seem like a giant jump, but even small changes in rates can impact the price of home you can afford as well as increase your monthly mortgage payments for the same priced home. For example, last year at this time if you were trying to buy a $700,000 home, interest rates were around 3.72% which would equate to a monthly payment of around $3,230(principle and interest only). However at an interest rate of 2.65% home would only cost about $2,820 a month. That’s a savings of over $400 a month compared to just a year ago.
You can see why everyone is scrambling to find a home right now. Although interest rates are not predicted to sky rocket this year, most experts agree they will go up, most likely somewhere between 3.3%-3.5% by the year’s end.
Buyers: With interest rates predicted to rise by almost all leading experts by the end of the year, and with Orange County expecting somewhere around 6-8% appreciation this year, waiting for the market to cool down before trying to buy a home is more than likely going to just further price you out of your dream home. Yes, competition is fierce right now, but if you work with a great lender and real estate agent your chances of finding a property in the next few months will still be high.
Sellers: If you have been thinking of placing your home on the market and haven’t started getting it ready, now is the time to do so. This year, based on current supply and demand trends, it looks like putting your home on the market between February and April will give you the best shot at selling your home quickly and at a high price. As homeowners start to exit their forbearance periods in March, some of those home owners will decide they want to sell instead of working out a new payment schedule with the bank. With that, on top of the traditional increases in inventory that starts to happen mid-February and peaks around July, will start to give you less of an advantage as buyers will have a few more options to choose from. At this point, all the data points to it still being a seller’s market as we head into Summer, but the odds of it becoming even hotter than it currently is are low.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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OC Housing Market Update for December, the data:
SUPPLY -Inventory fell 9% in the last two weeks and 19% in the last month lowest level since tracking begin in 2004 -15% more homes actually hit the market in November this year compared to last year but we sold 25% more than last November which is why the supply keeps dropping -44% more homes available at this time last year
DEMAND -3% drop in the last two weeks and 9% over the last month -Strongest demand for December since 2011 -Demand was 24% lower last year at this time -Average expected market time(the time you put your home up for sale to the time it goes into escrow) is now 37 days for all of OC last year it was 70 days
INTEREST RATES: -Just hit another all-time low today at 2.67%. Money has never been this cheap to borrow for a home loan
LUXURY MARKET– 1.25 million and above -YOY demand is up 80% -YOY inventory is down 22% -This has created one of the best markets for luxury properties we have seen in a long time in Southern California
Demand has continued to remain strong even as we are in the middle of the holiday season while supply has dropped to the lowest level since at least 2004. This, along with another week of the lowest interest rates ever seen for a mortgage is causing the housing market to end the year as one of the hottest seller’s markets ever seen.
The Starbucks holiday cups are here, and last week if FINALLY started to feel like Fall here in Southern California. Usually, the traditional Fall market for housing, where you start to see both supply and demand steadily drop, starts at the end of September. This year however, because of the delayed start to the Summer market as well as historically low interest rates, the housing market has been firing on all cylinders all the way through October and is now just starting to see some indications of slowing down. The Winter market for real estate in So Cal usually starts around Thanksgiving as buyers and sellers shift their focus away from housing. So this year, the Fall market will most likely only last a few weeks before we start seeing a more dramatic dip in both supply and demand that will start in about 2-3 weeks.
Buyers: with the new reports on the vaccine’s effectiveness as well as the presidential race mostly behind us, some of the uncertainly has been taken out of the market which leads to more confidence, which ultimately will lead to higher interest rates. However, the country is still hurting economically and cases are spiking again so this should help continue to keep rates down through the remainder of the year. Demand is dropping slightly faster than supply which means the market is trending to be slightly better for you, however in many prices ranges, the impact is hard to see because it just not a dramatic swing. Inventory will traditionally diminish during this time of year so don’t expect a huge batch of home to look at but as we get further into the Winter market, your competition will start to give up and throw in the towel for the holiday season which might mean you only have to deal with a few other offers instead of 5-10 on every home. If you are thinking of giving up the home search, DON’T. We are still seeing appreciation happening month after month so if you wait until next year to look again you’ll be paying more for a home than if you are able to lock in something right now. I know it can be discouraging placing offer after offer, but your future self will thank you if you are able to get into a home in the next two months and lock in the lowest interest rates we have ever seen for a mortgage.
Sellers: As demand finally start its traditionally decline, sellers are still in a very good spot finishing as we finish out the year. Although there might be less buyers as the weeks go on, demand is still over 25% higher than last year and inventory is at historic lows. Yes, there is still a good chance for you to sell your home quickly and for top dollar throughout the holidays this year, however, as I say in almost every market update, if you don’t price your home correctly the first time it hits the market, the chances of you selling quickly and for top dollar go down dramatically. Buyers have been in the market looking for homes longer than usual and in many cases placing offers on many different homes which means many of them have a very good idea of what homes should be going for. If you over price your home, it will sit longer, and every week that goes by from now until the end of the year, demand will traditionally continue to shrink bringing you less opportunities. Having the right marketing materials to give buyers the maximum amount of information about your home without them having to physically tour your home is still going to be extremely important in determining how successful you are in this market as Covid cases are continuing to spike with no real end in site over the coming weeks.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Selling your home soon? Want it to sell quick while maximize your profit? In today’s episode I interview Debbie Chow the owner of Stage to Amaze here in Orange County and we discuss how staging your home can help lead to more interest, more offers, and ultimately a higher sale price. We also go over what to expect when staging your home, how much it costs, and some tips any seller can do with or without help from a stager to make their home look as good as possible before putting it on the market.
Want to know more about the staging process or how to set up a free consultation? Contact Debbie: Debbie Chow Website: https://www.stagetoamazeinc.com Email: debbieleechow@gmail.com Phone: 714-926-1381
Want to learn more about buying or selling a home? Contact me:
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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How long will it currently take to get your home into escrow in Orange County based on your homes value? What are the top 5 ways to make your home stand out to buyers and make sure you are getting the maximum number of offers and ultimately the highest price from you home? Check out this episode to find out!
To access the charts I reference during the podcast, please visit: http://www.joshalexanderrealestate.com/top-5-ways-to-get-your-home-into-escrow-quickly-and-for-top-dollar
Have specific questions about buying or selling a home in Southern California? Get in touch with me:
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Market Overview
The Fall market is in Full swing, kids are back at school in one form or another, and although it’s happening a little slower than normal, the market is continuing to cool down as we move into October. Supply and demand have both decreased over the last month, but the numbers are so small that you likely won’t even notice a difference. Supply is still extremely low, and demand is still extremely high, multiple offers are still commonplace on properly priced properties, interest rates are still hovering at all-time lows, and the housing fundamentals still remain strong.
Buyers
Let me paint a picture for you, you’re in high school, you’ve been looking forward to getting into a relationship your whole life and one day you pass a girl in the hall that stands out over everyone else. You see that a lot of other boys are also interested so you decide to ask her out before anyone else can. To your surprise she says yes! You go on your first date, have a great time, she asks to see your financial statements, which you think is kind of weird, but besides that, you think you had a successful first date, are you falling in love? You get home after the date and you go to bed dreaming of a getting married, having kids, and growing old together. You wake up in the morning pick your phone up, open Facebook, and see that your crush just changed their status on Facebook to “in a relationship” …with someone else. You’re heart broken and now are questioning if you should ever date again.
Unfortunately, this is similar to the emotional roller coaster that many buyers are going on time and time again right now. After years of waiting and thinking about it, they decided to start looking for a home, they tour it, fall in love, picture how their furniture and family will look in the new home, place a good offer, and send all of the financial documents that show they are willing and able to purchase the home at asking price. Then, a few days later, their agent contacts them letting them know that even though they had a good offer, the seller selected someone else. This can be devastating, especially for first time buyers. Now, I’m not saying, you won’t get your offer accepted on the first house you find, I am working with buyers now that have had their first one accepted, but because of the competition for homes, statically, there is a good chance it will take a few offers before you get one accepted. So how do you avoid as much of this heart break as possible? Three things:
- Make sure you are working with an agent that is explaining in detail the actual reality of the market right now. If you know what to expect when you go into the process, it will make the emotional blow of not getting your first offer accepted easier to manage
- You and your agent need to go through the contract and find ways to make sure you are writing a more competitive offer the first time, so you know nothing is being left on the table. There is nothing worse than a case of the what ifs when your offer doesn’t get accepted. “What if I went up $5,000 more?” “What if I was more aggressive with contingency removals?” etc. In this market, because there are so many good offers coming into sellers, I am seeing more and more sellers not even send out a counteroffer and just accepting the best offer they get. You don’t want to live with the nagging regret of not giving it your best shot the first time around.
- Know that whether you get your first offer accepted, or it takes 10, you will eventually get into a home and you will have secured a loan with the lowest interest rates ever seen for a mortgage loan, saving you thousands of dollars in the long run and putting yourself in a much better financial position while enabling you to buy a home, that even at the beginning of this year, you might not have been able to even afford.
Sellers
We have a little less than two months before the market traditionally slows down for the holiday season, which is usually around the 2nd or 3rd week of November. This is when you will start seeing everything drop and continue to drop until mid-January. However, we will most likely be in a seller’s market for the next 6-12 months so you will still have an advantage over the buyers. However with daylight savings time coming up in a month, it will start getting dark before many people get off work and there are many buyers that don’t want to go out looking for homes when they can’t get a good idea of the condition, especially of the outside, because of the lack of light. The end of Fall and beginning of Winter will bring less showings and will most likely decrease the % of homes that get multiple offers, which means it’s even more important than ever to make sure you are properly pricing your home based on the latest comparable sales so your house doesn’t sit on the market too long. Because of the hot market you can still price your home slightly above the last comparable sale, but just make sure you are not just throwing out a number and hope buyers will be climbing over each other to buy your overpriced home. Many buyers have been in the market for a home longer than usual due to their offers not getting accepted, so they have a much better idea of what fair market value is after looking at homes for months now.
How does the Election Impact the Housing Market?
Based on the national tracking of home sales during presidential vs nonpresidential years, we know that home sales decrease by a little more than 5% more than usual between the month of October and November due to people being uncertain about the future. However, researcher also found that the decline wasn’t so much of a slowdown as it was deferred sales, because typically the year following an election is the best year of the four-year cycle for housing. They also found that the actual election has far less of an impact on the housing market than consumer confidence and market fundamentals (supply, demand, interest rates). We know the market fundamentals are good but what about consumer confidence?
Recent surveys show consumer confidence among Republicans has been higher than Democrats ever since 2016. If Trump stays in office it’s likely to look similar to what it is now, however if Biden wins, you will most likely see these numbers flip. This could indicate that places that lean more democratic could see an uptick in sales while republican counties could see a slight decrease. However, for Orange County specifically, registered Democrats and Republicans are close to equal in their numbers, and even though over the last few years there have been slightly more registered democrats in OC than republicans, because the numbers are close, I don’t expect that the election will have a major impact on OC sales based on consumer confidence shifts. Also, going into this year’s election, the market fundamentals are much stronger than usual and consumer confidence is still decently high and stable in OC so I can’t see the election, no matter which way it goes, having a significant impact on the market other a slightly larger dip in transaction in November than during a non-election year. We are going into the election in a seller’s market and we will be coming out of the election in a seller’s market.
What is Title Insurance? Do I Need it?
In this episode, I interview David Glanzrock, a VP at Fidelity National Title and we discuss what title insurance is, what it covers, and even though it’s boring, why you need to have it to protect yourself as a buyer or seller during a real estate transaction in California.
One of the best quotes from David that I think sums up title insurance pretty well is, “If title is done properly, you don’t know they’ve done anything at all.” Although title might not be sexy, this video will give you a better understanding of why you need title protection and what you can do during a transaction to make sure any issues with title are cleared up ASAP so you don’t have any delays in closing escrow.
If you have additional questions about title, head over to the Title is Boring youtube channel at https://www.youtube.com/c/TitleInsurance/ or contact David directly at DavidG@fnf.com. Enjoy!
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Thinking of selling your home sometime before the end of the year? Wondering how Covid-19 has impacted the process? This episode is for you. About 4 months ago, I made a similar video about how to stay safe during covid(link below), but I wanted to provide an update because things have changed now that we are almost 6 months into this since the initial lockdown happened. Things are starting to slowly return to a more normal selling process but there are still a few big difference that you need to know about before placing your home on the market.
Staying safe when selling your home during covid episode: https://youtu.be/CHeZcnJBn7U
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August 2020 Orange County Housing Market Update
It’s already that time of year again, kids are going back to school(virtually or in-person) which signals the start of the Fall market for real estate. We have most likely hit the peak demand as well as supply and over the coming weeks and months, we will see a gradual decrease in home buying and selling activity because many families don’t want the stress and distractions of trying to buy or sell a home now that the school year has started.
Compared to last month, inventory and demand haven’t changed dramatically. Inventory is still dropping slightly week-to-week while demand is just slightly increasing. Last month, we were in the hottest seller’s market we’ve been in, in over 8 years and that is still where we are today. The housing market has been one of the bright spots in the economy during the pandemic and as of this week, all three sectors(purchase applications, homes sold, and home starts) have made a quick V-shaped recovery and the data shows that Covid-19 is no longer having a significant impact on buyer or sellers.
Buyers: The market is not going to be shifting out of a seller’s market anytime soon. The inventory is just too low. When shopping for a new home you still need to anticipate that most homes will be receiving multiple offers. Although this can get discouraging, remember, if you can stay dedicated to finding a home, you’ll be able to lock in the lowest rates ever seen in the mortgage industry. Rates have been slowly increasing over the last week and a half, but even as they climb a bit, the are still averaging around 3% which is still better than they have ever been.
Sellers: We have most likely peaked for buyer demand this year. We will still be in a sellers market for the foreseeable future, but if you want to take advantage of the best time to sell your home, you need to get it on the market sooner rather than later. Purchase applications this week decreased slightly because interest rates have been going up so at this point the longer you wait the lower demand will be.
Also, even though we are in a hot seller’s market, that doesn’t mean you can just price your home for what you think it might be worth to someone. The data shows that if you don’t price your home correctly the first time, your home will sit on the market for an average of 35 days longer, you’ll end up doing a price reduction and looking back on the numbers from June, you’ll actually end up netting about 4% less on the sale of your house vs. just pricing it correctly when you put it on the market. Make sure you are using the latest comparable sales when pricing your home. You can still price it on the higher side of fair market value, but if you go too far over that, buyers are smart and will not want to put in a high offer on an overpriced home.
Finally, let’s talk about the likelihood that all of the mortgages currently in forbearance will turn into a wave of foreclosures. Right now there are around 4 million homeowners currently in forbearance. This represents 7.5% of all active mortgages. Out of this 7.5% of mortgages, 90% of homeowners have more than 10% equity in their homes. This is important to remember because even when some of these homeowners are eventually forced to sell their home, an overwhelming majority of them will be selling it as a normal sale and either breaking even or making a profit.
This is not like 2008 where over a quarter of all active mortgages were underwater and banks were having a fire sale just to get rid of them. When homeowners who have equity sell their home, they can sell it for market value, not a discount. So although we will have some foreclosures caused by the pandemic, the CARES act will prevent those foreclosures from happening for 6-12 months so this won’t even show up until at earliest Spring of next year, and odds are by then many more homeowners will have figured out something with their mortgage lender to keep them from having to sell.
The two concerns that I DO have however regarding the housing market are:
Rapid appreciation: The market is so HOT right now that if it doesn’t start to cool down a little bit soon, we are going to see double digit year over year appreciation and the longer we continue in this hot market, the more likely this price bubble is going to happen. I’m not extremely concerned at the moment but it will be something to watch as we finish up the year. It’s also important to note that if we do have a price bubble, it’s not going to crash prices by a large percent like in the housing crisis but it could cause the market to stall and drop a few percent.
Unemployment: Although unemployment is still at historically high levels right now, a large percent of those who are unemployed fall into more of a renter profile than a home owner. However, just because they are renters, doesn’t mean they don’t have an impact on the housing market. If renters can’t make payments to their landlords, then the landlords can’t make their mortgage payment, and then they could be forced to eventually sell to prevent foreclosure, or they might also just decide to sell because they no longer want to deal with being a landlord anymore with all of the uncertainty.
The biggest thing to watch to figure out how big of an issue this might become over the next few months will be what congress does when they come back from recess. If they do nothing to start helping out either the landlords and/or renters in the next stimulus package they pass, it will significantly increase the chances of landlords being forced to sell. Keep an eye on Congress over to next few months to see what they come up with. Although by itself, I don’t see this having a huge impact on the market, if we have a uptick on people selling their home to prevent foreclosure, and at the same time landlords decide to also start selling their homes, you could have a situation that creates an artificial “panic” in the market causing other homeowners sell as well.
Right now demand is so high that it will most likely absorb this increase of homes for sale, but if for some reason(which no-one is really projecting at this point) interest rates where to also climb back up significantly next year, then there could be issues in the housing market and appreciation might halt. Again, the likelihood of all of this happening is small, but just pointing out what would need to happen for home prices to be impacted in any significant way in the coming 12 months due to the fallout of Covid-19.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Today we wrap up the three part series of how to buy a home in California and in this episode we are covering the topic I get the most questions about, ESCROW.
Over the last two weeks, I talked about creating a budget for homeownership, how to search for a home during Covid, and how to place competitive offers to give yourself the best chance of getting your offer accepted. So if you haven’t already checked those out I highly recommend you do so, especially if you are a first time home buyer.
Today we will be going over the entire escrow process from the day you open escrow, to the day to get the keys handed to you and you officially become a homeowner. Some of the topics I will cover today include:
-What paperwork to expect -What are contingencies -Inspections -Repair Requests -Appraisals -Working with your lender to get the deal closed -What happens on closing day
If you haven’t gone through escrow before it can be a bit intimidating, hopefully this will give you a better understanding of the entire process so when the time comes, and you are ready to start your search for your new home, you’ll feel more prepared and can go into it knowing what to expect.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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In today’s episode, I will be going over part 2 of the 3-part series on how to buy a home in Southern California. Last week we talked about creating a budget, so especially if you are a first-time home buyer, if you haven’t seen that yet, I recommend going back to the last episode to check it out before moving onto this one. Today we will be going over: 1) The process of setting up a search and the difference in using redfin, Zillow, etc. vs. getting set up with direct access to the Multiple Listing Service (MLS) 2) Figuring out your must haves 3) How the searching process has changed because of COVID-19 4) How to place a competitive offer in a seller’s market and how your agent and lender can make or break your offers chance of getting accepted 5) Negotiating with the seller to actually get your offer accepted This will hopefully give you a basic outline of what to expect when looking for and then placing offers on homes in today’s competitive market. Come back next Thursday to see the conclusion to the series where we go over the entire escrow process from when you open escrow, all the way through getting the keys to your new home handed to you when escrow closes.
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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In Part 1 of a 3 part series of how to purchase a home in California, we will be going over the most important step of the process, budgeting. This will help set yourself up for not only a successful home purchase, but will keep you from becoming "house poor" as soon as you move in. There is a lot that goes into creating a budget, and we will be covering the three main areas you need to look at when preparing to make your first home purchase:
1) What are you currently spending each month right now 2) How much money you will need for the down payment, expenses during escrow, and closing costs. 3) What you need to budget for on a monthly bases after you purchase a home as a responsible homeowner
Everyone will have a different financial situation, so this by no means will cover every cost of home ownership but it will get your head in the right space and make you plan ahead so when the time comes for you to start looking for a place to call your own, you will have the tools and experience to hit the ground running.
To get a FREE PDF of a more detailed break down of some of the budgeting topics I covered in the video, please click the link below.
https://bit.ly/Part1-Budgeting
Want more info on how to buy or sell a home in Southern California? Please reach out to me anytime, I'm here to help!
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 www.JoshAlexanderRealEstate.com
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Thinking of buying a home and don't have 20% down? Did you know there are multiple loan programs out there where you can put as low as 3% down for a home? In today’s episode, I invited back Mina Yasuda from JMAC Lending to discuss...
1) The differences between FHA and conventional low down payment home loans (Did you know you can get a conventional loan for as little as 3% down!?)
2) Is it worth saving more to add an extra few percent to your downpayment? How different down payment options (3.5%, 5% 15% etc) impact your monthly mortgage payment.
Getting that downpayment saved up is often the biggest reason why many first-time home buyers hold off purchasing their first home, especially in Orange County were rent keeps increasing year after year. When you’re spending $2,000-$3,000 in rent every month, it’s hard to be putting away any significant amount of money towards that downpayment for a home.
However, with interest rates at all time lows, it may make sense for many buyers to use a low down payment option to purchase a home. Right now your money has never gone further. Even compared to just 6 months ago, you can currently afford a higher priced home while keeping your mortgage payment the same.
If you are going to be dishing out a large chunk of your monthly paycheck to someone everything month, isn’t it better to be building equity in your own home than paying the mortgage of your landlord?
If nothing else, talking to a lender for FREE to see what programs you currently qualify for and what type of home you can afford will give you a road map of what you need to do in the coming months to be in a better position to eventually purchase your first home .
For more info on what type of loan might be best for you, please contact:
Mina Yasuda 310.987.2393 mina.Yasuda@JMAChomeloans.com
You can also get more helpful tips and mortgage info from her YouTube channel: https://www.youtube.com/channel/UCsNy34IQGF9pnT5fUmN2LBw
If you want more info about buying and selling a home contact me anytime:
JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Always on the go? Check out the Orange County Housing Market News podcast:
Apple: https://apple.co/3e1PX87 Google Play: https://bit.ly/2WRwCkl Spotify: https://spoti.fi/2zhJtD9 iHeartRadio: https://ihr.fm/36C52uH
Demand is likely hitting it’s peak and has started to level out before it will most likely start it’s traditional decline by the end of August as kids start to go back to school(in-person or virtual). However, this doesn’t mean we are going to fall out of a seller’s market anytime soon. Interest rates just hit another all time low and actually fell below 3% for the first time ever this week, supply is lower in July than it has been since 2004, and demand is higher than it’s been in July since 2012. This is all resulting in the hottest seller’s market we have seen in over 8 years.
Buyers: Although it’s discouraging to hear how much the current market favors the sellers, don’t give up! When you are able to find a home, even if it takes 10 different offers, you will be locking in the lowest interest rates ever seen. Your mortgage payment will be lower for the same priced home that it would have been just 6 months ago, and over the life of your loan, you will end up saving thousands of dollars. If you are waiting for home prices to crash before entering the market, the data just doesn’t support anything like that happening any time soon. Inventory and interest rates are just to low. If the country starts to pull out of this pandemic, interest rates will most likely start rising again and that will price you out of some of the homes you can currently afford right now.
Sellers: There are only a few weeks left before demand will start to slowly fade. Because inventory is still low it will most likely be a seller’s market for the rest of the year but you will start seeing a decrease in traffic as we get closer to the end of Summer and kids go back to school. Having an agent that is an expert in digital marketing is extremely important as open houses are still not allowed. It’s also extremely important that you price you home correctly. Some sellers are placing their homes on the market at prices that aren’t in-line with current market value and those homes, even in this current environment, are sitting on the market for months before the seller eventually lowest the price. This usually results in the seller getting less for their home than they could have if they priced it properly the first time.
FREE FIRST TIME HOME BUYER WEBINAR THIS WEDNESDAY(JULY 22ND) AT 1PM During this hour long live webinar I will be going over everything you need to know about purchasing a home in California. I will start at the budgeting stage and walk you through finding a home, placing an offer, going through escrow, and finally getting the keys to your new home handed to you on closing day. If you have been thinking of taking advantage of the lowest interest rates ever seen, this is a great place to start. After watching the event you will be ready to hit the ground running when the time comes to start the exciting process of finding your new home! To register for the free Zoom webinar, please go to: https://us02web.zoom.us/webinar/register/WN_gosa0_XyTleXvD6GijMpNg
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
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Always on the go? Check out the Orange County Housing Market News podcast:
Apple: https://apple.co/3e1PX87 Google Play: https://bit.ly/2WRwCkl Spotify: https://spoti.fi/2zhJtD9 iHeartRadio: https://ihr.fm/36C52uH
In this weeks episode, we dive into some common questions surrounding buying an investment property.
What are the risks if you self manage your investment property?
How do you ensure you are screening tenants the correct way?
How does getting a loan to buy an investment property differ from buying a home you plan on living in?
We will answer all these questions and more with my special guests, Anthony Thai the owner of Connection Real Estate Inc., a property management company, and Dino Katsiametis the broker/owner of CA Coastal Loans.
If you are thinking of buying your first investment property, there’s a lot of things you need to consider. This is a great starting point to help identify some of the main things you’ll want to know before taking the plunge into becoming a landlord. If you have more specific questions about what it looks like to purchase and manage a second home or investment property, please feel free to contact me and we can go into more details about your specific situation.
To keep yourself updated on what’s happening in the housing market, and to hear interviews from local experts in the industry, please subscribe so you can be notified every time a new episode is released! You can also follow me on all the socials:
Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435
Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/
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LinkTree: https://linktr.ee/joshtherealestatedad
Always on the go? Check out the Orange County Housing Market News podcast:
Apple: https://apple.co/3e1PX87 Google Play: https://bit.ly/2WRwCkl Spotify: https://spoti.fi/2zhJtD9 iHeartRadio: https://ihr.fm/36C52uH
Guest Contact info:
Anthony Thai Connection Real Estate Inc. (Property Management) 949.424.7688 Anthony@connectionrealestateinc.com OrangeCountyHomesToday.com
Dino Katsiametis CA Coastal Loans dino@cacoastalloans.com (949) 720-1616 https://www.cacoastalloans.com
Finding the right lender to work with is one of the most important parts of preparing to buy a home. If you pick the wrong one, you usually don't find out until halfway through escrow where problems tend to pop up, and by that time, in most cases, it's too late to do much about it and you risk losing the home of your dreams.
The right lender offers you more than just the lowest advertised rate, they are a wealth of financial knowledge, they can explain things in ways that make it crystal clear what you are getting into, and especially in a market that favors sellers, a good lender can be the difference between you getting your offer accepted or passed by for another buyer.
Find a lender that you trust and you will have someone that will help you not only through your home purchase, but help keep you financially on track for years to come.
In this episode I talk to Dino Katsiametis, the Broker and Owner of California Coastal Loans, and we go over how to go about picking the right lender for you, what documents you want to have ready to make the process quick and easy, and how good lenders go the extra mile to make sure you are placing competitive offers even if you don't have the highest price.
If you have more questions for Dino you can reach him at: dino@cacoastalloans.com (949) 720-1616 https://www.cacoastalloans.com
Demand has been on the rise for more than 2 months now, while supply is still at historic lows. This is creating a hot seller's market in Southern California, including Orange County.
Over the last 2 weeks in Orange County, demand has gone up by 24% while supply has actually gone down by 2%. Mortgage applications are at a 11-year high, supply is at a 7-year low, and demand is almost at a 7-year high. We haven't been in this hot of a seller's market since 2013. If you are planning on selling your home this year, I can't emphasize this enough, NOW IS THE TIME.
On the buyers side, interest rates are still at historical lows. If you're patient, and go into the process knowing that there is a good chance there will be multiple offers on most homes, you have the opportunity to lock in the lowest interest rates ever seen for a mortgage.
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In this episode, Mina Yasuda, a mortgage advisor for JMAC Lending returns and we discuss some of the most common questions we both get from first time home buyers. If you are thinking of looking for your first home, this is a good place to start. Some of the questions we discuss are:
- What is a buyer’s agent and why should I use one?
- Do I need a 20% downpayment to purchase a home?
- Can I get my deposit back if I cancel escrow?
- How much should I have on top of the downpayment for closing costs?
- What are a few strategies I can use to get my offer accepted if it’s not the highest offer?
- When can I lock in my interest rate?
If you want to stay up-to-date on the latest housing market news, and get helping info about how to buy or sell a home, check me out on the following platforms:
Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/
Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/
Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/
Always on the go? Check out the Orange County Housing Market News podcast:
Apple: https://apple.co/3e1PX87 Google Play: https://bit.ly/2WRwCkl Spotify: https://spoti.fi/2zhJtD9
Want a more detailed breakdown of the home buying process? No problem, just reach out to me and I can send you some more information about the home buying process, costs involved for buyers, and how to properly budget for a home. I also offer a no cost first time home buyer consultation where we take about an hour either in person, or over the phone, to discuss your specific situation and we walk through the entire home buying process from start to finish so you know exactly what to expect before, during, and at the end of escrow so you'll know exactly what to expect every step of the way. This also helps take a lot of the stress out of the process. Just email me at JoshAlexanderRealEstate@gmail.com and we can set something up that works with your schedule.
If you have additional questions about loans you can reach Mina at Mina.Yasuda@jmachomeloans.com or follow her on Instagram at @minamortgage. If you want to see some additional helpful videos specifically about getting a loan you can also check her out on YouTube at https://www.youtube.com/channel/UCsNy34IQGF9pnT5fUmN2LBw
The end of May Orange County housing market update is here! Wow what a change we have seen over the last 3 weeks. While other industries are projected to see a U shaped recovery, the housing market is currently looking more like a V shape. Demand has skyrocketed while supply is finally starting to pick up steam. It might be a little late for the start of the Spring market, but it looks like we will be picking up where we left before the lockdown began. In this episode I will discuss: - The Southern California and Orange County Housing Market trends - Positive news on forbearance and future foreclosure issues - What areas might be impacted the hardest and what areas might be seeing a surge in demand as a direct result of the market
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In this market update will look back at the data from April and the first week of May to see where the supply and demand are trending for the housing market and what that means for future home prices. We will also look at the F words(forbearance and foreclosure) that you have probably been reading about in the headline news to see how much they might impact the market, and finally we will look at the specific supply and demand numbers for Orange County to see how the market is shaping up as we start to see some of the stay at home orders lifted.
In episode 3 of the coronavirus Orange County housing and lending market update I brought back Mina Yasuda and we discuss three main topics:
1) Why this recession won't impact housing like the great recession of 2008
2) Updates on the mortgage market that have helped stabilize the industry
3) Update on the housing market on Orange County and how the supply and demand curves are starting to show that we are seeing some light at the end of the tunnel.
Have you been thinking of selling your home this Spring but are now uncertain because you're not sure how risky it is?
In California, real estate is still considered essential. So, if you're going to sell your home during this pandemic, you need to make sure you are not only aware of how the selling process has changed in the last few weeks, but know how to keeping yourself safe and eliminating as many contact points during a sale as possible.
In this video, I'll go over some of the changes the industry has made to keep sellers safe, I also go over what you should expect before and after you put your home on the market and what escrow now looks like for sellers so you can successfully navigate through the process.
In California, real estate is still considered essential. So if you are going to purchase a home during this pandemic, you need to make sure you are not only aware of how the buying process has changed in the last few weeks, but know how to keeping yourself safe and eliminating as many contact points during a sale as possible. In this video I'll go over some of the changes the industry has made to keep buyers safe, and what you should expect as you look for your new home to help you successfully navigate through the process
In this Facebook Live interview, I talk to Dino Katsiametis the broker/owner of CA Coastal Loans. Some of the topics we cover are:
➡️Why interest rates have been fluctuating so much
➡️What has changed in terms of how people qualify for loans,
➡️What new processes and procedures have been implemented that might impact your escrow
➡️Where we sees the market going based on the latest data and much more
In this interview, which took place on April 1st, I talk to a mortgage lender and VP of Title Insurance and we discuss how much has changed over the last 2 weeks due to the impact covid-19 has had on Southern California real estate sales. A few topics we cover are: -What the current supply and demand is for the Orange County housing market -How the process has changed for buyers and sellers before and during escrow -How to stay safe when buying or selling a home while staying within the state and county guidelines of shelter in place -What has changed for mortgage loans and why you really need to have daily contact with your lender during this challenging time -What title insurance is and how it protects both the buyer and seller -Why it's important to get title information on a home as soon as possible, especially right now. -What else is important to know about the real estate industry right now
The coronavirus is currently on everyone's mind. It seems like no matter how hard you try, you can't escape the headlines. So let's take a look at the actual data to see how the Orange County housing market is responding to the travel bans, shutdowns, and toilet paper panic. The quick answer is, as of now, there doesn't seem to be any noticeable impact, demand is still increasing and supply of homes is finally starting to rise, giving buyers more choices as they hunt for their dream home in this historically low interest rate environment.
The Spring housing market is officially here for Orange County! Holidays are over, the Super Bowl is over, which means the market is about to heat up. This has been one of the largest swings in supply and demand that I've seen in a long time. Supply is only up 3% over the last month while demand is up a staggering 47% over the same time period setting up the start of the Spring market to heavily favor sellers. Buyers there are many different ways to make an offer more appealing to the seller besides the price, make sure your agent is reviewing all of them with you. Sellers, now is the time to get your home on the market. Over the next 4 weeks you're going to start seeing more homes(competition) hitting the market so the sooner you get it on the market the better chances you'll have of quickly getting top dollar for your home.
There is no crash in sight for the Orange County housing market. We are starting the year with not only historically low interest rates, but we also have some of the lowest inventory to start the year in recent memory. Low supply and high demand will keep the market stable and we will probably see appreciation during at least the first half of the year. I also expect the market to start heating up about a month earlier than usual this year so I'm recommending sellers have their homes ready to hit the market sometime in February and buyers need to start getting those pre-approvals from their lenders so they can hit the ground running in the next few weeks.
????Last market update of the year! ????What's happening right now in the market, and how it is setting up the housing market for 2020? Some key points to look at: -Still in a seller's market in December -The housing market will be heading into an even hotter seller's market starting January -Interest rates should stay low for the foreseeable future -Most economists are predicting appreciation of anywhere from 3-7% on homes in 2020
FHA loan limits will be increasing in 2020 for both Riverside and Orange County. FHA loans only require a minimum of a 580 credit score and 3.5% down payment which is why they are one of the most popular types of loans out there right now.
November Orange County Housing Market Update - Supply is starting it's normal decline for the holiday season(14% in the last 4 weeks), but demand is doing it's own thing this year and has actually increased by 3% over the last 4 weeks. Typically demand falls at about the same rate as supply. This increase is largely due to great interest rates and a strong southern california economy. Sellers who already have, or are are putting their homes on the market, at fair market value will see more buyers than usual and get into escrow faster than just 2 months ago. Buyers can take advantage of low rates(3.75% as of Nov. 20th). Just last year they were right around 5%. This alone will save them hundreds on their average monthly mortgage payment on the same priced home as last year. Over the next 4 weeks expect supply to continue falling quicker than demand.