Now that we’re in November all of October’s numbers are in. The median sales price of homes in Orange County has dropped 5 out of the last 6 months. In this week’s Orange County Weekly Housing Report, I share how much we’re down from the top of the market, other essential market data, and what it means to buyers and sellers. Subscribe to My YouTube Channel for more Real Estate Information and Tips. The post November 2022 Orange County Real Estate Update appeared first on Mark Ochoa Group | Coldwell Banker Platinum Properties ..read more

The numbers for the Orange County Real Estate Market for the month of September are in. The big news is homeowners aren’t selling, but why? And did the median sales price for September come in higher or lower compared to August? In this video, I’m going to take you behind the scenes and answer these questions. Subscribe to My YouTube Channel for more Real Estate Information and Tips. The post September 2022 Recap | Orange County Real Estate Report appeared first on Mark Ochoa Group | Coldwell Banker Platinum Properties ..read more

Recently, most real estate headlines have been wildly negative. Many homebuyers that haven’t given up have pretty much been demoralized because of high rates, high prices, and low inventory. Mortgage rates dropped 0.60% last week after the inflation report came in better than expected.  However, it’s hard to ignore the fact that the overall cost of buying a house has increased. If you take a closer look at the data, though, you’ll notice that many homebuyers might actually have the upper hand in a real estate deal right now. Watch this week’s OC Weekly Housing Report to see why ..read more

USA Today recently published an article with a headline saying Home Sellers’ Budget for Requests for Repairs Is Now 50% Higher. The playing field is more level and buyers are no longer at a disadvantage in the home-buying process. Find out why in this week’s Orange County Weekly Housing Report. Subscribe to My YouTube Channel for more Real Estate Information and Tips. The post Homebuyers Now Getting Revenge appeared first on Mark Ochoa Group | Coldwell Banker Platinum Properties ..read more

Realtor.com put out an article last week saying “The Housing Market Is About to Get Hammered”. It’s important to note that they cover the real estate market on a national level. Some people say that all politics is local, but it’s definitely true for real estate. Real estate is different from county to county or even city to city, but this article was really hard to ignore. Go here to see the brief video I made about it. Subscribe to My YouTube Channel for more Real Estate Information and Tips. The post Realtor.com Predicts Housing Market About to Get Hammered appeared first ..read more

The numbers for the Orange County Real Estate Market are in for the month. Total transactions are down by almost 50% and prices are leveling off as interest rates decrease. In this December Update, I peel back the curtain and show you the key stats for the Orange County market and what it means to you. Subscribe to My YouTube Channel for more Real Estate Information and Tips. The post December 2022 Real Estate Update | Orange County appeared first on Mark Ochoa Group | Coldwell Banker Platinum Properties ..read more

It’s official.  Mortgage rates are now at their highest level since April of 2002. Believe it or not, even though interest rates have more than doubled since the beginning of the year, this isn’t completely bad news for homebuyers. I know that’s a pretty bold thing to say, but I explain why I say this in this week’s Orange County Weekly Housing Report. Subscribe to My YouTube Channel for more Real Estate Information and Tips. The post Mortgage Rates Now at 20-Year High appeared first on Mark Ochoa Group | Coldwell Banker Platinum Properties ..read more

Have your housing plans changed because of the latest news in the real estate market? There are a lot of conflicting real estate headlines in the media right now and it can make things very confusing. In this week’s OC Weekly Housing Report, I share why the market is currently the way it is and back it up with data. Subscribe to My YouTube Channel for more Real Estate Information and Tips. The post The Current Real Estate Market Is Confusing appeared first on Mark Ochoa Group | Coldwell Banker Platinum Properties ..read more

The housing market is pulling back which is exactly what the Federal Reserve wants. Last week they raised their benchmark rate by 75 basis points for the 3rd straight time. Why are they doing this and what does this mean for buyers and sellers? Subscribe to My YouTube Channel for more Real Estate Information and Tips. The post Fed Wants a Housing Correction appeared first on Mark Ochoa Group | Coldwell Banker Platinum Properties ..read more