In September 2020, amidst an unprecedented global pandemic and a highly contentious political climate, I shared my thoughts on how the presidential election might impact
The New Home Boom (Nationally): But What Does this Mean for Orange County? In the current real estate climate, there’s an obvious trend shaping the
There is no shortage of doomsayers in the real estate industry. For the past 12 years, we’ve heard countless prophecies of an impending real estate market crash. Interestingly, the experts who forecasted these crashes have consistently been wrong. Let’s dive in and look at the reasons given each year, and why the market didn’t collapse as predicted.
The real estate market is experiencing a significant rebound from the late 2022 lows. According to the ShowingTime Showing Index, buyer showings are up more than 70% from the 2022 low, indicating a resurgence in buyer activity. This revitalization of the market brings multiple offers, bidding wars, increased competition for buyers, and lines at open houses. Let’s take a closer look at what this means for both buyers and sellers in the current market.
Believe it or not, our youngest generation, Gen Z, is actually surpassing their parents (you know, those Gen Xers) in the homeownership race. According to recent stats by Redfin News, 30% of 25-year-olds owned their own home in 2022. That’s up from the 27% rate for Gen Xers when they were the same ripe age of 25! You go, Gen Z! But, alas, those who snoozed on pandemic-era low mortgage rates might be feeling the FOMO.
As the spring selling season blooms, the housing market is experiencing a surge in demand, defying early-year predictions of a cooldown. With mortgage rates still up, the strong demand for homes can be primarily attributed to the exceptionally low supply of homes available for sale. This unprecedented demand bodes well for sellers, as more buyers are entering the market.
What We Learned from the Program’s Swift Conclusion and How to Prepare for Future Opportunities
… and why America’s current home equity reduces the likelihood of another housing meltdown As a homeowner, one of the key advantages is the accumulation
A bursting home price bubble seems imminent, with 78% of Americans believing that a housing market crash is on the horizon according to Consumer Affairs.
