Learn real estate tips, market updates, and keep up with Jessica Helal Real Estate Group!
Is the market turning over a new leaf?
From the shifting colors of the leaves to the crisp morning air, October is traditionally a period of change. It also can be one of the very best times to buy a home, as it falls right in between back-to-school season and the holidays. This season usually ushers in a slowdown to overall market activity, when sellers may be more apt to negotiate and buyers may find more inventory than previous months.
Every news article talks about the fact that it’s a “seller’s market.” This means that if you are selling your home, you’ve probably gotten a few offers from which to choose. While sales price is important, so are the contingencies attached to the offer. Understanding what these contingencies mean can help you choose the best offer from the pack.
It’s no secret that the housing market has been appreciating at an unhealthy rate and housing is becoming unattainable for more and more first-time homebuyers and renters. The median housing price of existing single-family homes is up to $1,090,000, an increase of 19.7% year over year. All across Southern California, home prices have hit record highs this year.
When buying a home, the vast majority of people need to take out a mortgage. But of the many different options, how do you know which is the right one for you? In this guide, we’ll take a quick look at the different types of mortgage loans available.
The housing market was so hot at the beginning of the year that the moment a property hit the California Regional Multiple Listing Service (CRMLS) the
Coto De Caza is one of Orange County’s oldest and most expensive master planned communities. It is located in the northern portion of Wagon Wheel Canyon
The housing boom has everything to do with supply and demand, and those fundamental features are not going to change anytime soon.
Take a peek at the top 5 most expensive properties on the market in Orange County today!
Just like the national housing market trends, the tight inventory and low mortgage rates are fueling the rise in California home prices. While this kind of price appreciation impacts housing affordability, higher home prices will hopefully encourage more sellers to list their homes for sale, which would in turn reduce the rate of appreciation.
Before the start of 2021, existing homes were typically on the market for 21 days—meaning houses were plucked off the market two weeks faster than the typical 38 days from a year ago. And we’re now seeing homes sell even faster than that, typically selling within 18 days on the market. That’s another new record!
Jessica Helal | 714.906.0374
Residential Real Estate
DRE #02132295
25950 Acero, Ste 100
Mission Viejo, CA, 92691
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