We’re hosting a housing webinar on February 16th, and you’re invited! Since the new year kicked off, the housing market has already set records. If you’re a homeowner or a potential home buyer, you likely have questions about what the changing market landscape means for you. We’re here to provide answers at our webinar featuring Nuvision mortgage expert Mike Sternquist and local economics expert, real estate executive, and Reports on Housing author Steven Thomas. Join us on Wednesday, February 16th to hear them provide a market update and tackle today’s tough questions.

Record-low supply is driving the hottest market recorded in Orange County since tracking began in 2004. Buyers and sellers alike will benefit from understanding why and following expert recommended tips to take advantage of this unprecedented market landscape.

As the past year of housing reports have documented, home values are rising. Sellers, who have multiple buyers bidding on their homes and end up selling above the asking price, are thrilled. But some potential buyers are concerned. Will rising prices make homeownership unaffordable? The short answer is no.

Everybody wants a low rate on their mortgage, but not many understand all the things that go into determining your rate. For many home buyers, these factors can be confusing and difficult to determine. Knowing what affects your rate can help you secure a better deal.

In four weeks, we’ll be gathering around the dinner table for a Thanksgiving meal with loved ones we haven’t seen all year, putting up decorations, and stopping by friends’ houses for holiday parties. Seven weeks will also mark the start of the slowest season in the housing market: The Holiday Market, a time when inventory and demand decrease.

As leaves begin to fall, housing inventory and demand do too. With kids starting school and families gearing up for the holidays, moving becomes more disruptive. Despite the coming drops in demand, this year’s market won’t be cooling down.

One of the biggest fears sweeping the housing market is that national forbearance programs will lead to mass foreclosures, swiftly launching the Hot Seller’s Market into chaos. While it is true that over the past year many homeowners have taken advantage of forbearance, which allows them to pause mortgage payments, there is no reason to believe this will result in drastic market changes.

YouTube, TikTok, Facebook, and other social platforms have been flooded with confident proclamations of the coming housing crash, stoking fear among potential buyers and contributing to the overwhelming majority of consumers who have reservations about purchasing. But these claims aren’t based in the clear economic reality.