Orange County Housing Summary The active listing inventory in the past couple of weeks decreased by 32 homes, down 1%, and now sits at 2,353, its lowest reading since the start of July. The inventory peaked at the start of August. It is the second lowest mid-September reading since tracking began in 2004, with only 64 more homes than 2021, the lowest level by far. In August, 39% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,367 less. Last year, there were 3,638 homes on the market, 1,285 more homes, or 55% higher. The 3-year average before COVID ..read more

Orange County Housing Summary • The active listing inventory in the past couple of weeks increased by 85 homes, up 4%, and now sits at 2,281. Regardless, it is the lowest level for an end to June since tracking began in 2004. In May, 45% fewer homes came on the market compared to the 3-year average before COVID (2017 to 2019), 1,879 less. Last year, there were 3,491 homes on the market, 1,210 more homes, or 53% higher. The 3-year average before COVID (2017 to 2019) was 6,633, or 191% more, nearly triple. •Demand, the number of pending sales over the prior month, increased by 7 pen ..read more

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Orange County Housing Market Summary: May The active listing inventory decreased by 110 homes in the past two-weeks, down 5%, and now totals 2,274, its second lowest level since tracking began in 2004 behind 2,240 achieved on April 1st. From April 1 to April 15, there were 13% fewer homes that came on the market compared to 5-year average between 2015 to 2019 (2020 was skewed do to COVID-19), 274 less. Last year, there were 4,625 homes on the market, 2,351 additional homes, or 103% more. Demand, the number of pending sales over the prior month, increased by 11 pending sales in the past two-we ..read more

A 1031 exchange can be your best friend if you are thinking about selling your real estate investment property. This tax deferral strategy allows you to sell one or multiple properties and then buy a like-kind property or properties without the burden of paying a huge amount of taxes on the capital gain at the time of your sale. But naturally, the IRC Section demands that you follow a strict set of rules before you can reap the benefits from a 1031 exchange. One such rule is widely known as the Three Property Rule. If you are considering a 1031 exchange for the sale of your investment propert ..read more

The Orange County housing market is on fire right now. Interest rates are at a record low and buyers are lining up to get pre-qualified to make their home purchase.  Housing inventory is also at an anemic level, creating limited options for the hoards of buyers and causing opportunistic sellers to drive their listing prices upward. With little to choose from, buyers may lose steam and settle for a less desirable home. Being a buyer right now can be discouraging. Thankfully there are niche home loan programs that help buyers get a competitive edge. Join us on March 25 with Accredited Mort ..read more

Orange County Housing Market Summary: February The active listing inventory decreased by 55 homes in the past two-weeks, down 2%, and now totals 2,438, its lowest level since tracking began in 2004. In January, there were 6% fewer homes that came on the market compared to the prior 5-year average, 169 less. Last year, there were 4,030 homes on the market, 1,592 additional homes, or 65% more. Demand, the number of pending sales over the prior month, surged by 273 pending sales in the past two-weeks, up 11%, and now totals 2,863, its strongest mid-February reading since 2013. The record low mor ..read more

If you are thinking about selling your real estate investment property, a 1031 Exchange is the best strategy for you - and your bank account! A 1031 Exchange allows you to defer capital gains taxes indefinitely by providing the opportunity of transferring the tax liability of your current property to your new one(s). That means you can use a 1031 Exchange to sell your investment property and acquire another one without having to pay any federal taxes on profits at the time of sale. The best part about  this tax loophole is that it can continue  indefinitely - even after you have pas ..read more

Winter is typically the least busy time of year in real estate across the country. Between the seasonal bustle, holiday spending, school breaks, and traveling, planning a move can be a bit much, especially if you live in those white Christmas climates. We hesitate to call the months of December through March “winter”  here in southern California - it rarely dips below freezing! - but we have some great tips if you do happen to be selling your home during the off season.  Here we’re bringing in five useful tips that will help you sell your home in no time! 5 Tips to Sell your Home in ..read more

Orange County Housing Summary The active listing inventory increased by 150 homes, up 11%, and now totals 1,556 homes, its lowest level for this time of the year since tracking began 19 years ago. In February, there were 13% fewer homes that came on the market compared to the 3-year average prior to COVID (2017 to 2019), 416 fewer. Last year, there were 2,349 homes on the market, 793 additional homes, or 51% more. Demand, the number of pending sales over the prior month, increased by 89 pending sales in the past two weeks, up 4%, and now totals 2,284. Last year, there were 3,110 pending sales ..read more