Orange County Housing Market News Josh Alexander

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-session

Sign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFq

Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#:01974435

------------------------------------------Buyer Resources--------------------------------------------------

FREE Guide: How to Budget for a home - https://vid.us/70npzs


Free Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx

Get 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-session

Sign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFq

Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#:01974435

------------------------------------------Buyer Resources--------------------------------------------------

FREE Guide: How to Budget for a home - https://vid.us/70npzs


Free Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx

Get exclusive access to the most accurate home search site available: http://joshalexander.realscout.me

Want 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-session

Sign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFq

Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#:01974435

------------------------------------------Buyer Resources--------------------------------------------------

FREE Guide: How to Budget for a home - https://vid.us/70npzs


Free Guide: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx

Get exclusive access to the most accurate home search site available: http://joshalexander.realscout.me

Want 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-session

Sign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFq

Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#: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-session

Sign up for my weekly Orange County housing market newsletter: https://qrco.de/bejbFq

Josh Alexander
THE brokeredge
JoshAlexanderRealEstate@gmail.com
714.366.2186
DRE#:01974435