Here is a closer look at the factors driving our crazy real estate market.
Today we’re going through the latest news and numbers for our Orange County real estate market. We’ll focus on the three key indicators that tell us how the market is doing: inventory, interest rates, and demand.
The market is bananas right now. There is so much going on and things are not only changing for consumers, but for us agents as well. We’re readjusting to the new market, coming up with strategies for buyers and sellers, and it’s all a big learning experience. The more we dive into the data, the better we are.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch the full message or use these timestamps to skip to topics that interest you most:
1:50- An update on the Orange County home inventory
2:38- The latest on where interest rates are and where they’re headed
3:42- A look at why demand for homes is so high in today’s market
4:45- My expectations for the market in 2021 and advice for today’s buyers and sellers
6:30- Wrapping things up
The moral of the story is that wherever you are, find a real estate expert you know that can get the job done for you. If you’re in the Orange County area, my team and I would love to be of service. If you have any questions about your situation or real estate in general, don’t hesitate to reach out via phone or email. I look forward to hearing from you soon.