For months, each Orange County Housing Report has mentioned the insane pace of the current Hot Seller’s Market. This trend has not changed. As the spring market approaches on March 20th, demand continues to outpace inventory. We’re still in the middle of a massive inventory crisis.

This month, we hosted a housing market webinar to help our members navigate the changing market and understand trends as we continue in 2022. Steven Thomas—local economics expert, real estate executive, and Reports on Housing author—joined us to break down the data. The full recording can be found on our Facebook page. We’ve also highlighted some of the most important questions and answers in this article.

When a home hits the market, it’s now common for it to quickly receive dozens of purchase offers. This is because demand is outpacing supply. Low mortgage rates are no longer the primary driver of demand. Now, it’s an inventory shortage that is causing a bigger war amongst home buyers – will it last?

Thinking of buying a house? Rather than rushing into the process, learn the steps you need to take before getting a mortgage. Having things in order beforehand will give you a better chance of getting your loan approved and will make the home-buying process less of a headache later on.

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.