At the sake of sounding like a broken record, it’s mostly more of the same thing we’ve been seeing the past couple of years. Nice changes: inventory is up and, in Orange County, there are many active new home developments,… Read More »Orange County April 2024 Market Report
When you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here’s… Read More »How Inflation Affects Mortgage Rates | Bruce Clark
Real estate market and interest rate update: at the June 2023 FOMC (Federal Open Market Committee) meeting, the Federal Reserve decided to not raise the federal funds rate for June (which breaks 10 consecutive increases in the rate). The Fed… Read More »Real Estate Market & Interest Rate Update: June 2023
If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home?… Read More »The Impact of Inflation on Mortgage Rates
What are the benefits of Homeownership Vs. Renting? This is a question we get often and work hard to educate those looking to purchase a home – especially first-time home buyers. What down payment does one need? What about closing… Read More »Should I Buy or Rent a House: Home Ownership vs Renting + Calculator
If you’re thinking about buying a home, you want to know the decision will be a good one. And for many, that means thinking about what home prices are projected to do in the coming years and how that could… Read More »Why Buying a Home Is a Sound Decision | Buying Vs Renting
The biggest challenge the housing market’s facing is how few homes there are for sale. Mark Fleming, Chief Economist at First American, explains the root causes of today’s low supply: “Two dynamics are keeping existing-home inventory historically low – rate-locked existing homeowners and the fear of… Read More »The Two Big Issues the Housing Market’s Facing Right Now
It Might Be MUCH Less Than You Think! If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But… Read More »Wondering How Much You Need To Save for a Down Payment?
If you’ve been following the housing market over the last couple of years, you’ve likely heard about growing affordability challenges. But according to experts, the key factors that determine housing affordability are projected to improve this year. Selma Hepp, Executive,… Read More »The 3 Factors That Affect Home Affordability
One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what it does for you. Business Insider explains: “In a preapproval [sic],… Read More »Loan Pre-Approval in 2023: What You Need To Know