Orange County Housing Market News

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

???? Are you planning to sell your home but worried about making costly mistakes? Look no further! In this essential guide, I reveal the Top 5 Mistakes Home Sellers Make and provide you with expert advice on how to avoid them, ensuring a smooth and successful sale. 1️⃣ Preparation is Key: Discover why rushing to list your home without proper preparation can deter potential buyers and how a few simple steps can make your property stand out. 2️⃣ Choose the Right Agent: Learn the critical differences between an order-taking agent and a professional real estate expert. We'll show you how the right choice can significantly impact your selling experience and final sale price. 3️⃣ Pricing Strategies: Understand the dangers of overpricing your home and how it can lead to a longer time on the market and more frustration. 4️⃣ Evaluating Offers: We discuss the risks of accepting high-risk offers from buyers and provide strategies to identify and select the best offers, safeguarding your sale. 5️⃣ Marketing Matters: Find out why hiring an agent with a comprehensive marketing plan is crucial for maximum exposure and attracting the right buyers to your property. ???? With these expert insights, you'll be equipped to navigate the home-selling process like a pro and avoid common pitfalls. Whether you're a first-time seller or experienced in real estate, this video is packed with valuable information to help you achieve a successful sale. ???? Don't forget to subscribe for more real estate tips and strategies, and hit the bell icon to stay updated on our latest videos. If you found this video helpful, give it a thumbs up and share it with anyone who might benefit from these home-selling tips. #HomeSellingMistakes #RealEstateTips #SellYourHome #RealEstateAdvice #PropertySelling #HomeSellingGuide 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 Want to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate -----------------------------------------Seller Resources--------------------------------------------------- FREE Guide: Learn how to get your home ready for sale and the steps you should take to make the most money possible - https://vid.us/hbk9zc FREE Guide: Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf FREE monthly value update: Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Want to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate ---------------------------------------------Connect with me----------------------------------------------- Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Check out my Yorba Linda YouTube channel at: https://www.youtube.com/c/DiscoverYorbaLinda

This episode is essential for anyone considering buying a home in Orange County California, as we dissect two critical financial aspects: ✅ Initial Investment: We unravel the average cost of purchasing a home in Orange County, detailing the necessary down payment and other upfront expenses. This segment provides a clear view of the initial capital required to embark on homeownership in this desirable location. ✅ Income Requirements: Discover the annual household income needed to comfortably afford the average mortgage payment in Orange County. Our breakdown considers current mortgage rates, property taxes, and additional homeownership costs, offering a comprehensive overview of the ongoing financial commitment. Whether you're planning to buy your first home or contemplating a move to Orange County, this video will arm you with the key financial insights needed for 2024. Join the conversation in the comments section and share your thoughts and questions on affording life in Orange County. Don't forget to subscribe for more real estate insights and tips. #OrangeCountyHomes #Affordability2024 #RealEstateInsights #MortgageRequirements 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: http://ocrealestatenews.com 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 Want to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate -----------------------------------------Seller Resources--------------------------------------------------- FREE Guide: Learn how to get your home ready for sale and the steps you should take to make the most money possible - https://vid.us/hbk9zc FREE Guide: Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf FREE monthly value update: Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Want to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate ---------------------------------------------Connect with me----------------------------------------------- Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Dive into the latest insights on the Orange County housing market this February in this comprehensive forecast. Whether you're buying, selling, or just keeping an eye on the market, this video is packed with essential information to guide your decisions in the dynamic Orange County real estate landscape. ???? Key Point #1: As we step into February, anticipate a noticeable increase in housing inventory. More properties are coming to market, offering a broader selection for potential buyers. This is a crucial development for those who have been on the sidelines, waiting for the right opportunity to make their move. ???? Key Point #2: Alongside the growth in inventory, we're also expecting a surge in buyer demand. The combination of more listings and more active buyers sets the stage for a bustling market this month. If you're considering purchasing a home, be prepared for increased competition. ???? Key Point #3: Despite the uptick in inventory, it's important to note that the market remains tight, especially for homes priced under $1.5 million. This segment is particularly competitive, with many properties likely to encounter bidding wars. Buyers should be ready for a fast-paced market and potentially multiple offer situations. This video is your go-to resource for understanding the current trends and projections in the Orange County housing market. Whether you're planning to buy your dream home, sell a property, or simply want to stay informed, this February forecast has the insights you need. Stay ahead of the market curve by subscribing to my channel, and don't forget to hit the like button if you find this forecast helpful. Your engagement helps me reach and assist more individuals navigating the complexities of the Orange County real estate market. #OrangeCountyHousingMarket #RealEstateForecast #FebruaryUpdate #HousingInventory #BuyerDemand #BiddingWars #RealEstateTips 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 Want to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate -----------------------------------------Seller Resources--------------------------------------------------- FREE Guide: Learn how to get your home ready for sale and the steps you should take to make the most money possible - https://vid.us/hbk9zc FREE Guide: Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf FREE monthly value update: Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Want to schedule a time to talk one-on-one? - https://calendly.com/joshalexanderrealestate ---------------------------------------------Connect with me----------------------------------------------- Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Remember in 2023 when the most popular first time home buyer program ever, California Dream for All, launched? The government expected funds to last up to 6 months but within 11 days all 300 million in funding was used up. Along with going way to quick there were a lot of other logistical issues that came up for buyers and lender so this year, 2024, they are releasing another round of funding and changing things up with how people qualify as well as how the funds are distributed. To go over all the info we currently know about this new round of funding, I sit down with Mike LaSalla from Loan Depot @hemrylasallagroup and he talked about: ✅ The requirements to qualify ✅ How the process works to submit an application ✅ Reviews other downpayment assistance programs for first time homebuyers in case they can't get this one If you are a first time homebuyer definitely make sure you check this episode out today because funds will go quick once the applications open up. 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

In this eye-opening video, we dive deep into the myth of the impending 'silver tsunami' housing crash and unveil the truth with 5 key reasons why it's not going to happen. Contrary to popular belief, the aging baby boomer generation won't lead to a dramatic downturn in the real estate market. Here's why: 1) Tax Implications - We explore how tax considerations play a crucial role in the decision-making process for many homeowners, influencing their choice to hold onto their properties longer than anticipated. 2) Affordability Crisis - The current affordability crisis is reshaping the housing landscape, making it less likely for a mass sell-off by baby boomers. 3) Scarcity of Suitable Downsizing Options - A significant lack of smaller, more manageable homes is leading many older homeowners to reconsider downsizing plans. 4) Generational Timeline - The baby boomer generation spans almost two decades, meaning their impact on the housing market will be gradual and varied, not a sudden wave. 5) The Numbers Don't Add Up - We break down the percentages and demographic data to show why the feared 'silver tsunami' is more of a ripple than a tidal wave. Join me as I dissect these points with data, expert opinions, and real-world examples, shedding light on why the housing market may be more resilient than we think. Don't forget to like, share, and subscribe for more myth-busting insights and real estate 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 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf

Are you a first-time home buyer in Orange County, eager to take the exciting step towards homeownership in 2024 but aren’t sure how the process works, how much you need to have saved up, or how to keep yourself protected when making such a large purchase? Don't navigate this journey alone! I’ll explain the whole process step-by-step from budgeting, searching for homes, placing competitive offers, navigating escrow, all the way through getting the keys handed to you to your very first home! ???? Here's What You'll Learn: ✅ Understanding the Orange County Housing Market ✅ Financial Readiness & Budgeting Tips ✅ Mortgage Options and Pre-Approval Process ✅ Navigating the Home Search and Evaluation ✅ Making Winning Offers and Negotiations ✅ Home Inspections and Closing Procedures ✅ Avoiding Common First-Time Buyer Pitfalls ✅ And Much More! 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 Would you like to sign up for my weekly newsletter to get additional insight into the Orange County housing market? Sign up for free by going here: https://app.bombbomb.com/app/form/?form_id=fd816840-69e3-5077-be55-f7a56b945f81 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

Are you wondering what it takes to get your offer accepted in the 2024 housing market? Or are you actively placing offers but struggling to get your offer accepted? ????✨ Discover the secrets to stand out in the competitive home-buying journey! This essential guide reveals five key strategies to boost your chances of getting that dream home and they have nothing to do with the price! Learn how to: 1) Secure the Right Mortgage Approval: Dive into the world of mortgage approvals and find out why a fully underwritten pre-approval could be your golden ticket. 2) Agent Communication is Key: Uncover the crucial role of agent communication in crafting an offer that sellers can't resist. 3) Navigating Contingencies with Confidence: Find out how to safely reduce contingency periods to make your offer more attractive. 4) Lender-Selling Agent Interaction: Learn the importance of direct communication between your lender and the seller's agent. 5) Choose the Right Real Estate Agent: Get insights on selecting an agent who excels in offer submission and follows instructions meticulously. Join us as we explore these pivotal strategies, tailored for 2024's unique market conditions. Whether you'e a first-time buyer looking to upgrade your current home, this video is your roadmap to success in the modern real estate landscape. Don't miss out on your dream home - Listen now for expert advice and start your journey to homeownership with confidence! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

t's that time of year again, the much anticipated 2024 Orange County Housing Market forecast is HERE! I'll break down the latest trends and forecasts, and highlighting what buyers, sellers, and investors need to know. We will look at the impact of changing interest rates, inventory levels, buyer demand, and how that all impacts home appreciation in Orange County for 2024. I'll also be going over my advice for both buyers and seller who are thinking of entering the housing market in 2024 and when they might find the best opportunities for success. 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate

Welcome to my latest Orange County Housing Market Forecast for November 2023! If you're looking to buy or sell a home in Orange County, you won't want to miss this. In this video, I dive deep into the key factors shaping the housing market in Orange County, California, this month: ???? Falling Interest Rates: We'll discuss how interest rates are on a downward trend, making it an excellent time for potential homebuyers to secure better mortgage rates than last month and reduce their monthly payments. If the current economic trends continue there is a good chance the highest interest rates are now behind us. ???? Inventory Trends: Learn about the significant decrease in housing inventory expected by the end of this month. Discover how this limited supply may impact your search for the perfect home. ???? Demand Dynamics: Explore the dynamics of demand in Orange County. We'll examine how falling interest rates may influence homebuyer demand, and whether it will decrease as quickly as inventory, or if it will remain relatively stable. ????️ Home Values: Some areas are experiencing stability, while others see prices rise, and some may see a decline. Overall housing prices aren't expected to move significantly in any direction ???? Holiday Season Advantage: Discover how savvy buyers can take advantage of sellers who are more willing to negotiate as the holiday season approaches. Don't miss out on potential deals and savings. Stay informed and make data driven decisions in Orange County's ever-changing real estate market. Whether you're a buyer, seller, or investor, I will help you navigate the November 2023 housing market with confidence. Like and subscribe to my channel for regular updates on Orange County's housing market, and hit the notification bell so you never miss out on valuable insights. If you have any questions or would like to discuss your specific real estate needs, feel free to reach out anytime! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

The latest major California ADU legislation just passed and it's called AB 1033. So what is it? To simplify it, it basically allows homeowners to build an ADU and actually sell it as a separate property ????. So what do we know about it? What are some of the pro and cons? Who would benefit from this most? Will it destroy single family home neighborhoods? Check out video to get an understanding of all this and more. 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

October Orange County Housing Market Update ???????? Dive into the latest trends and insights in the Orange County housing market this October. In this update, we cover: 1️⃣ A slowing market, typical for the autumn season. 2️⃣ Stabilizing home prices, offering a balanced landscape for buyers and sellers. 3️⃣ Interest rates soaring to their highest since the year 2000, impacting buying power. 4️⃣ A golden window for buyers as sellers are trying to finalize deals before the holiday season. 5️⃣ An urgent call for sellers: List your property now to take advantage of the current demand, which is anticipated to slow significantly by mid-November. Stay informed and make the best decisions for your real estate journey. Subscribe now for weekly market insights and updates! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 LinkTree: https://linktr.ee/joshtherealestatedad

???? How to Choose the Right Lender: Your Ultimate Guide In this comprehensive guide, we dive into the three cornerstone principles of selecting the right lender for your needs: Communication, Clarity, and Commitment. Without these you can run the risk of watching your dream home slip through your hands. This video will go over what makes a good lender, what to watch out for, and how to figure out which lender will work best for you. ???? Key Highlights: Communication - Understand why open and consistent communication with your lender is vital. Clarity - Learn how to sift through the jargon and find a lender who provides clear and straightforward information. Commitment - Discover how to identify a lender who is genuinely committed to helping you achieve your financial goals and sticks to their word 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

???? Orange County Housing Market Update - September 2023 ???? Hey Orange County, in this episode, we dive deep into the current market dynamics, including the seasonal slowdown, fluctuating interest rates, and the future of home affordability in the region. ???? Key Highlights: Market Slowdown: Understand the seasonal shifts affecting both buyers and sellers. Interest Rates Insight: Get the lowdown on the recent spike in interest rates and what it means for potential home buyers and sellers. Affordability Crisis: Discover the current state of home affordability in California and what the future holds. Expert Advice: Gain valuable insights and advice on navigating the changing market dynamics. Whether you're thinking of buying your first home in Orange County or considering selling, stay one step ahead by watching this channel. Don't forget to hit the subscribe button for more updates on the Orange County real estate market in the 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

Here are the key points: -Interest rates are at one of the highest levels in 20 years, but home prices are still going up. -This is because inventory is extremely low. There are only 2,400 homes on the market in Orange County right now compared to the average of over 6,500 before covid. -This is causing a seller's market. -Buyers are willing to pay more for homes, even with higher interest rates. -Many homeowners are locked in to their current mortgage rates unwilling to move. The higher rates go the less home owners want to sell -Interest rates are not likely to fall significantly any time soon, as the Federal Reserve is expected to continue raising rates in an effort to combat inflation. -The housing market is not going to crash anytime soon, supply and demand are both moving together right now no matter what rates are doing.

The Orange County housing market is continuing to heat up in the fall of 2023. Home prices are rising, inventory is still at historic lows, and the housing market has fully recovered from the pandemic. Prices are at the highest levels ever, making it a challenging time for first-time buyers. In June 2023, according to Corelogic, the median home price in Orange County was $1.059 million, up 3% from a year ago, completely erasing the "bubble burst" that so many people thought was going to happen. Inventory is still very low, with just 1 months of supply on the market. This means that homes are selling quickly and buyers are often competing in bidding wars. The housing market is expected to continue to rise in the fall of 2023. However, the pace of growth may slow as interest rates have gone up over the last month and the traditional slowing of the housing market starts as kids go back to school. This could give buyers some breathing room when placing offers but affordability is still going to be a struggle this fall for many. If you are thinking about buying a home in Orange County, it is important to be prepared for the challenges of the current market. You should have a strong financial plan and be prepared to act quickly when you find a home that you love. Here are some additional tips for buyers in the Orange County housing market: -Get pre-approved for a mortgage before you start looking at homes. This will show sellers that you are serious about buying and will give you an idea of how much you can afford. -Be prepared to act quickly. Homes in Orange County are selling quickly, so you need to be ready to put in an offer as soon as you find a home that you like. -Be willing to compromise on your must-haves. The housing market in Orange County is very competitive, so you may need to be willing to compromise on some of your must-haves in order to find a home that you can afford. -Work with a experienced real estate agent who can help you navigate the competitive market and find the right home for you. 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

Almost everyone at this point who has wandered onto Zillow's website in the past 10 years knows the word Zestimate. Maybe you wanted to know how much your own home was worth, or maybe you wanted to see what Zillow thought of the value of the home you were placing an offer on. Or maybe you found out where your ex lives and wanted to see how well off they are now ????. Either way, they have now become a normal part of the home buying and selling process. So the question then becomes, exactly how accurate are these Zestimates in 2023 and when should you trust them to get the value right vs. when you shouldn't touch them with a 10-foot pole. We will go over all that and more in this week's episode. Zillow's Zestimate FAQ page: https://www.zillow.com/z/zestimate/ Edit your home on Zillow: https://www.zillow.com/sellerlanding/edityourhome/ 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

Half of the year is already gone and many who thought a giant housing crash was coming this year are surprised to see that home price in Orange County are actually headed back up. Since March we have seen homes appreciate in Orange County and as we head to the back half of the year, based on the current data, you can expect that trend to continue. Even with high rates and home prices, there is just not enough supply on the market to allow values to drop. More than 60% of homes are selling at or above asking price right now in Orange County which is even more than last month. With home owners hesitant to sell their homes and give up their historically low interest rates, and because current interest rates haven't budged much lower than the beginning of 2023, inventory is likely to be a problem for the remainder of the year. An even more surprising stat is that in Orange county we are only about 4-5% below all time highs again for the median home price. ???? 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

Thinking of buying or selling a home this summer in Orange County? Kids are getting out of school, the weather should be heating up soon, and the summer housing market has officially started here in OC. However, it's not what a lot of people expected. Interest rates have been on the rise in May, briefly going above 7% again, but at the same time the housing market is on fire with multiple offers on more homes than not, and home values are increasing for a 3rd month in a row. Why is this happening? Aren't we supposed to be seeing a giant housing market crash? It's all explained in my monthly housing market forecast for Orange County, check it out now! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

One of the most politicized issues to hit the housing market this year has been the new changes that just went into effect May 1st that impact home mortgage interest rates. There have been a lot of headlines out there that make it seem like people with higher credit scores will now be getting a higher interest rate than those with lower credit scores. This seems crazy, but is there any truth in it? 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

It MAY be hard to believe but the housing market in most price ranges is back to a seller’s market in Orange County as we head toward the summer. Open houses are packed and multiple offers are becoming more and more common as the weeks go on. How is this possible with home prices and interest rates so high? It all comes down to supply and demand, and right now we are dealing with the lowest supply of housing in Orange County for this time of year since at least 2004. We are almost 200% lower than where we should be right now. So even though demand is lower than normal as well, it’s nowhere near as low as supply and unless we see a spike in interest rates above 7%, which is becoming less likely by the day, this isn’t going to change anytime soon. Buyers, if you are thinking of buying a home this Summer the sooner you get into escrow the better it will be in terms of the price you pay. Sellers, get your home on the market NOW! There are so many buyers just waiting for the perfect home to hit the market and as long as you price and market your home correctly, you’ll be able to get into escrow in less than a month in most prices ranges again. This is an especially great timing for anyone looking to buy and sell a home after the school year is over because we are only a few weeks away from summer in most school districts around Orange County. 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

Will the market crash in 2023? Over the last 6 months that has been the most popular question I've had conversations around with both home buyers and sellers and it makes sense. It's natural the think back to the last time we saw homes lose value and use it as a reference, however in this case, the last time we saw home prices fall consistently was during the housing crisis of 2008 where we saw a once in a generation crash of 30-40% in home values. So with all the uncertainty in the market are we about to see a housing crisis 2.0? That is exactly what I'll be discussing today. We will look at the reasons for the last housing crash and compare them with what is happening today to give you a much better insight on the current market and the chances of a major correction happening anytime 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

Surprising even me, the popularity of the California Dream for All Loan program offered by CALHFA that gave buyers up to 20% downpayment assistance caused buyers to flood to it depleting the $300,000,000 in funds in under 2 weeks! I knew the original timeline that they thought it would last(which was until the end of Summer) was way to optimistic but I was assuming it would at least last for a month or two but here we are. However, I still wanted to put out this recent webinar I did with Mina Yusada from Guaranteed Rate Affinity because there is a lot of great information about how this whole program works and we really go into detail about the pros and cons as well. There is also a chance that some of the funds that have been reserved by current buyers that went into escrow eventually get put back into the program if those buyers fall out of escrow and on top of that California has already said that due to it's popularity and the way the program was supposed to work they would look at putting more funding towards it if future budgets allowed. So hopefully this video will be useful for those buying a home in the future as well. Now, if you did want to use this program but missed out, remember that CALHFA does have a lot of other home buying assistance programs available, some of which will cover up to 3.5% downpayment as well as closing costs, so although you can't currently get the full 20%, those programs could help many buyers reach their home buying goals. I'm sure I'll do some additional videos on these programs in the future so make sure you don't forget to subscribe so you don't miss it! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

Have we reached the bottom of the housing market downturn in Orange County? The data seems to all be pointing that way. Open houses are packed and multiple offers are becoming more common place again. Demand has been increasing for a month strait, inventory still is struggling to go up, and rates have dropped again. This is all leading to a very real chance that if these trends continue, we will see the housing market in Orange County stabilize as we go through April and we could even start seeing home prices rise again by the end of the month in certain cities and neighborhoods. So if you are thinking of buying or selling a home in the next few months what should you do? That's exactly what I will be going over in my April housing market forecast for Orange County so check it out! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

Looking to raise your credit score quickly? Giving advice is one thing, but taking my own advice and applying it is another. In today's episode I go over a 3 month experiment that I ran with my own credit score to see what impact I could have if let my credit debt build up and then paid it off all at once. The results were surprising! I knew that my score would go up but how much and how fast it went up took me off guard. In this episode I show you what I did as well as go over three situations where this could help you buy a home and save tens of thousands of dollars. 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

You can't turn on the news without seeing stories about how the recent big bank failures both here and abroad have impacted the economy. But does the bank failures impact the housing market, and more specifically, will it impact you if you're buying a home? There are actually some pros and cons of these recent news headlines and on this episode I'll be covering what all this means for anyone looking to buy a home in Orange County California 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435

If you're thinking about putting your house on the market this year, you won't want to miss this essential guide of the 5 things you need to know before selling your home in 2023. Today I’ll cover: 1. The importance of getting a pre-inspection done on your home. By doing this, you can identify any issues that may need to be addressed before putting your house up for sale, which can save you time and money in the long run. 2. How boosting your curb appeal can make a significant difference in attracting potential buyers. By making simple changes like updating your landscaping or giving your front door a fresh coat of paint, you can make your home stand out from the competition. 3. Refreshing your interior space. Making minor updates like repainting, decluttering, or updating fixtures can help create a welcoming and inviting environment for potential buyers. 4. The importance of hiring an agent who knows how to market using the latest technology. In today's digital age, having an agent who understands the power of social media and online marketing can help ensure that your home reaches the widest possible audience. 5. Being patient and flexible when selling your home. Real estate can be unpredictable, especially in today’s environment of rapidly swinging interest rates and it's essential to remain calm and open to negotiation throughout the selling process. 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/

The month of February in the Orange County housing market was the most turbulent month we have seen since October of 2022 in the Orange County market. Rates jumped by a full percent, and supply went down instead of up like it usually does this time of year. Wait what?! Rates went up...so shouldn't supply start climbing as less home buyers enter the market? What is going on? To find out what's happening in the housing market, what to expect in March, and what this all means for buyers and sellers who are thinking of entering this market in the next few weeks, make sure you check out my Orange County housing market forecast for March 2023! Also, don't forget to subscribe to get weekly tips and updates so when you do decide to enter the market, you're one step ahead of everyone else! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Are you in the market for a new home? Don't miss out on these five essential secrets that no one talks about when buying a home. Here are the five secrets: 1. Buy a home you can afford: It's important to buy a home that fits your budget. Don't overextend yourself, as it could lead to financial difficulties down the road. 2. Buy a home in a good school district: Even if you don't have kids or don't plan on having them, buying a home in a good school district is a smart investment. Homes in these areas tend to appreciate in value faster than homes in other areas. 3. You don't need 20% down: Contrary to popular belief, you don't need to put down 20% to buy a home. There are many loan options available that require less than 20% down. 4. You can back out of a deal if you want: If you change your mind about buying a home, you can back out of the deal. Just make sure you have a contingency clause in your contract that allows you to do so. 5. It costs more to own than rent: When you own a home, you're responsible for all the maintenance and repairs. This can add up quickly and make owning a home more expensive than renting. So there you have it, the five secrets no one talks about when buying a home. Keep these in mind when you're in the market for a new home. Thanks for listening! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Looking to buy a home in Orange County but not sure how much you need to earn? On this weeks episode I talk to Mina Yasuda from Guaranteed Rate Affinity and we'll break down the average home prices in Orange County and explore the necessary income levels to afford them. We'll also dive into the various factors that can impact your ability to purchase a home. Whether you're a first-time homebuyer or simply curious about the housing market in Orange County, this video will give you some valuable insights and tips to get you ready to purchase a new home. So, sit back, relax, and let's crunch some numbers together! 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Are you considering buying a home in Orange County in 2023? If so, it's important to have a clear understanding of the costs involved so you know how much you need to have saved up in your bank account before really getting serious about the process. In this video, we'll explore the costs you need to know about when buying a home in Orange County in 2023, including a break down of the estimated costs of buy an average priced condo and single family home in Orange County based on today's prices. Whether you're a first-time home buyer, move up buyer, or looking to invest, this video will provide valuable insights as to what it takes to buy a home in today's market. Want to have a 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 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

We are only a few weeks into the year and already we are starting to see some pretty significant changes in the Orange County housing market. What are those changes and how will they impact the housing market as we go through February? Check out my Orange County housing market forecast for February to find out what you need to know if you are thinking about buying or selling a home in 2023. To book a discovery call with me to discuss the market in your area, your goals, or anything else related to real estate click the link below: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-session Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Looking to buy a house in Orange County in 2023? Then this video is for you! In this tutorial, we will cover everything you need to know to make a competitive offer on your dream home. From understanding the current housing market and identifying the right price to negotiating with the seller, we will give you the tips and tricks you need to make the process as smooth and successful as possible. Whether you're a first-time homebuyer or a seasoned pro, this video is a must-watch for anyone looking to buy a house in 2023. Don't miss out, subscribe to the podcast for more real estate advice and tips! Book a discovery call to chat about the housing market, advice on a specific situation, or anything else related to real estate by clicking on the link below: https://calendly.com/joshalexanderrealestate/over-the-phone-informational-session Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/

2022 was a wild year in real estate! Within one year we saw the Orange County housing market go from the hottest market we have ever seen in the Spring, then watching as interest rates spiked quicker than anytime in recent history, more than doubling in just a few months. So with all of this uncertainty in the market, what should you expect in the Orange County housing market in 2023? That is exactly what we are going to review in my annual Orange County housing marker forecast. So if you are thinking 2023 might be the year you decide to buy or sell a home, don't miss this episode! Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 BUYERS: Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx How to budget for a home - https://vid.us/70npzs SELLERS: Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf 10-steps to marketing your home correctly - https://vid.us/rlkma2 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

It might seem impossible but there are plenty of ways to buy a more expensive home without increasing your income. One of the ways that isn't talked about as much is instead of using all of your savings on the downpayment, you can be strategic and use some of it to pay off debt which will often disproportionally increase the amount of home your can afford relative to the dollars you spent paying off your debt. Check out a few of the strategies in this video. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

We have previously discussed 2/1 buy down programs, how they are used, and how they help buyers secure a low interest rate in a high interest rate environment and today's episode is going to be building on top of that knowledge by going over a brand new type of 2/1 buy down program that helps even more buyers get into homes with that low rate. To go over all the details of this new program I sit down with Dennis Angstrom from E-mortgage capital and he breaks down the numbers for you as well as when this program may and may not be a good idea for buyers to take advantage of. To reach Dennis you can find him at: E-mail: dangstrom@emortgagecapital.com Call/text: 949-945-4964 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Thinking about building an ADU on your property in California but don't know where to start? Are you interested in learning how to get a grant of $40,000 for some of the cost of the build, or are you interested in joining a community of others who have built or are in the process of building their own ADU so you can ask questions to help make your build easier? Then this week's episode is for you. Today I interview Ryan O'Connell from @How To ADU one of my go to sources for the latest info on anything having to do with ADU's in California and we go over all this and more Want to learn more about How to ADU? Connect with Ryan here: YouTube: @How To ADU Website: http://how-to-adu.com/ Instagram: https://www.instagram.com/ryanohousing/ Facebook group: http://facebook.com/groups/howtoadu TikTok: http://tiktok.com/@howtoadu E-mail: ryan@how-to-adu.com Private Community Membership: https://community.how-to-adu.com/how-to-adu Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

2/1 buy down loans are the most talked about mortgage product on the market right now because it helps buyers feel more comfortable with the monthly mortgage payments in today's high interest rate environment and don't carry the risks of ARM products that got a lot of home owners into trouble during the last recession. For those who don't have a lot of extra cash, this is a great tool to help you get a temporary lower monthly mortgage without having to spend a dime with the option to refinances if rates go down in the future to secure a low rate long term. In this episode I interview Mina from Guarantee Rate Affinity and we discuss everything you need to know about the 2/1 buy down program. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

It's been a wild October in the housing market, interest rates are driving the market as well as the headlines in the news. The media is making it sound like the sky is falling and another 2008 is just around the corner, but is it? As always, let's look at the ACTUAL data in Orange County so you can have some clarity among all the chaos. In this monthly update we are going to look at: ​ 1) What supply and demand are doing 2) What interest rates are doing as well as when and why they might go down 3) What does all this mean for the housing market in OC for the remainder of the year 4) My best advice for both buyers and sellers in TODAY'S market Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Is one of your goals to buy a home in the next 12 months? Then this episode is for you. Today I interview Dino Katsiametis from CA Coastal Loans and we discuss a bunch of different topics including ways buyers can reduce the interest rate by up to 3% on their next mortgage as well as a brand new program he is rolling out starting today that will help a lot of buyers with a portion of the closing costs/downpayment on their next home. Want to know if you qualify? Watch the episode to find out now! Want to find out more? You can contact him at: Dino Katsiametis dino@cacoastalloans.com https://www.cacoastalloans.com 949.720.1616 BRE#: 01244052 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Home buyers! Don't let a hacker steal your down payment, make sure you take the proper steps to keep yourself and your money safe in today's increasingly digital world. Mortgage wire fraud is on the rise and is predicted to double in the next few years. One of the biggest mistakes a home buyer can make is accidentally transferring their downpayment to an account created by a hacker. When this happens, it going to be extremely difficult to trace the money and get it back and the buyer could lose everything. Don't become a statistic, make sure you, your agent, and your escrow company are taking the proper steps to keep your hard earned money safe. Sign up for my weekly Orange County Real Estate Updates: https://vid.us/70npzs Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Is it a goal of yours to buy a home in the next 12 months? Upset you missed out on the historically low interest rates over the last two years? What if I told you there is a way you might be able to still get those low mortgage rates when you purchase a home RIGHT NOW? You might have heard of assumable loans and didn’t quite know what they were or how they work. In this episode, I am going to go over everything you need to know about what they are, how to qualify for them, the pros, cons, and some best practices if you are thinking of buying or selling a home using an assumable loan to lock in the lowest interest rate you can when buying a home in TODAY’S market. Sign up for my weekly Orange County Real Estate Updates: https://vid.us/70npzs Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Schedule a time to talk - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Mortgage interest rates are the highest they've been in 20 years, making homes unaffordable for many buyers. Let's take a look at the top 5 ways to get the best mortgage rate possible as we finish out 2022 so you can still enter the market today and take advantage of the best market buyers have seen in years. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

As we head into October and get closer to Halloween, the Orange County housing market forecast seems to be getting scarier by the day. Right now there are so many headlines out there that are often contradicting each other it makes it really hard to make sense of what is actually happening here in our local market. As always, let's take away the headlines and actually look at what the data shows in my Orange County Housing Market forecast for October 2022. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

When being jolted from the hottest seller's market we have ever seen to a market that is more in balance in such a short period of time, one of the biggest mistakes to avoid when selling a house in the next 12 months is going to be hiring an agent that doesn't understand how to property market a home and who doesn't use data to better understand what the market is doing. Things are shifting so quickly that those who don't have a good fundamental understand on what drives the housing market and aren't familiar with the effort it takes to market a home in a much more competitive environment are going to frustrate a lot of home sellers over the next year. Don't be one of these sellers, make sure you use the strategies outlined in this video to make sure you are picking a competent agent who will not only get your home sold quick but for top dollar as well. 10-step process to sell your home: https://vid.us/rlkma2 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

If you haven't heard the term mortgage rate lockdown yet, get ready to start hearing about it soon. Conditions are unfortunately perfect for this to happen in today's housing market. When we come from a period of extremely low interest rates and it's followed by a rapid increase in rates, it makes it extremely difficult for a lot of homeowner to move because mortgage payments, even for the same priced home, can be ridiculously higher if they locked in a low rate during the last two years. What will this do to the housing market? In the short term, it actually helps stabilize the market because as demand drops to historic lows inventory will dry up as well. So when a decrease in demand is met with a decrease in supply, you're not going to see any major shifts in home prices. So don't expect any major shifts this Fall in the Orange County housing market. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

What comes with a house when it's sold, and maybe more importantly what are the sellers allowed to take with them when they sell their home? Luckily for Californians, the home purchase contract makes most of this crystal clear and even though there are still a few grey areas, they can be cleared up quickly with the correct wording when making an offer on a home. This episode goes over what the purchase contract says is included and excluded from a standard sale which is extremely important to know ahead of time before trying to buy OR sell a home. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

What will happen this Fall in the Orange County housing market? With how fast the housing market is changing it's impossible to predict with 100% accuracy. Will we see prices fall? What should sellers and buyers expect? Let's look at the data and some of the normal trends we see around the Orange County housing market this time of year to get a realistic idea of what you can expect to happen and some advice for both buyers and sellers on how to best navigate the housing market over the next few months. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Interest rates are at 15 year highs, demand is lower than anytime since 2007. So why are we not seeing home prices plummet in Orange County right now? One word. SUPPLY. Supply started the year at the lowest level ever and this year we have seen 17% less homes hit the market in Orange County than usual. Until we get supply back up, the market is going to remain stable for the foreseeable future. How can supply get high enough to see home values drop? This episode goes over that and more. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

When buying a home there are a lot of factors to consider, but did you know how important finding a home next to a great school district is? How does it impact your home value? How do you research and compare the quality of schools? What are some of the best school districts in Orange County California? If you have kids or don't, let's look at why researching the school district when looking for a home is a smart move. To find more info on schools near you, you can use the follow sites: GreatSchools.org Niche.com Schooldigger.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Rental prices in Orange County have been on the rise for years but we have seen some of the most dramatic increases ever over the last 12 months. In this episode I cover how much rental prices are rising, the reasoning behind it, and what to expect if you are thinking of looking for a rental or have a lease renewal coming up. If you are a current or future renter, this episode is for you!

Orange County housing market update for August 2022. The housing market in Orange County has been wild over the last 3 months but it looks like things are starting to stabilize. Trends are showing supply is increasing at a slower rate and demand, although still slightly dropping, seems to have come close to bottoming out. The main contributing factor to this stabilization has been interest rates dropping by over a percent in the last 6 weeks hitting lows not seen since April in the housing market. This is making homes more affordable again. Although we are still in a slight seller's market, buyers who are able to afford a mortgage are finding it easier to buy a home right now than anytime in the last 2 1/2 years. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Did you know when a seller issues a counter offer to a buyer they have two different forms available for them to use? One is more advantageous to the buyer and the other to the seller. Which is which? How are these forms used? Learn about them here so you aren't caught off-guard when buying to selling a home in Southern California. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Will mortgage rates go up or down during a recession? Looking at data from all recessions in the past 40 years, it's pretty clear. In 100% of those recessions, mortgage rates first spiked and then went down by they end of the recession. Once we see inflation peak and start dropping, you can expect mortgage rates to do the same. At the same time, the feds will also typically lower rates to encourage spending again to help the economy get out of a recession which further increase the chances that rates will end up lower after everything is said and done. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

For the first time in what seems like forever the trends in the housing data for Orange County are starting to show that there is a way for us to get to a buyer's market before the end of the year. However, the chances are still very slim and even if we do, don't expect prices to fall in any significant way. THIS IS NOT 2007. So what should you do if you are thinking of buying or selling a home this Summer in Orange County? Check out the video to see what's currently happening in the market, what to expect over the remainder of summer, my advice for both buyers and sellers in this quickly shifting market, and what would cause us to slip into a buyer's market by the end of the year. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

The fed just announced a rate increase of .75% this week. Will this increase impact the housing market? If so, how does it impact the housing market and what should you expect as we head into summer as both a buyer or seller? Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

Ever wonder how to sell your home faster and for top dollar? Are you afraid of the selling process because you think it will be stressful and complicated? This video goes over my 10-step process of how I go about selling homes faster and for top dollar while eliminating as much stress as possible for the homeowner.

Thinking of selling or buying a home this Summer? The housing market is changing quickly in Orange County California and if you don't have the proper expectations set as both a both a buyer and seller it can lead to disappointment and frustration. Let's take a look at what to expect in the housing market as school gets out and the busiest time of the year for real estate kicks off.

Home prices are at all time highs, demand is dropping, supply is increasing, are we about to see a repeat of the 2008 housing market meltdown? As always, let's look at the actual data and see how today's housing market is on much more solid ground than back in 2008 and why the cooling in the housing market we are currently seeing is actually a good thing. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Want to get a monthly update on your home’s value? https://hmbt.co/FpQZKP Thinking of buying a home, want to know the process and costs involved? - http://vid.us/kk81kx Thinking a selling your home and want to know the process and costs involved? - http://vid.us/7j8wtf Want to schedule a time to talk? - calendly.com/joshalexanderrealestate Follow me on YouTube: http://www.youtube.com/joshalexanderrealestate Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

As a recession seems more and more likely to hit in the coming months(if we aren't already in one right now). Many home buyers and sellers are asking what will a recession do to the housing market? Will prices fall like the previous recession? Are we reaching a peak? When you look at the data on how the housing market faired during the last 5 recessions it actually shows a much different story. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

Interest rates have shot up over the last few months to well above 5%. What does this mean for the Orange County housing market? Demand is dropping and supply is increasing at rates not seen in years. Did we hit the peak and are we about to see a market crash? I'll go over the actual data to give you a data driven answer in today's episode of Orange County Housing Market News. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

You just had your home inspection done and the report just dropped into your inbox. Now what? How do you read an inspection report and more importantly, how do you use the inspection report to ask the seller to repair something? I go over all this and more and this video is also the first in the series I am doing on how to buy a home in California. So if you are thinking of buying a home in the Orange County or the surrounding area, make sure you hit that subscribe button!

Interest rates have skyrocketed over the last 6 weeks. How is that going to impact the April housing market? Will we see a market correction? What should buyers and sellers expect in the Orange County housing market as we head toward Summer? I go over all this and more in the April housing market update. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

Interest rates are rising fast, home prices are at all time highs. How do I know if now is a good time to buy a home? Is it too risky? What should I be looking at to determine if buying a home is still a good idea this year? When should I buy and when should I wait?

The age old question, should I be buying a home when home prices are high but interest rates are low or wait for home prices to drop and then buying even if interest rates are high? Let's run the numbers to find out. In this episode we go over the most likely reason home values would drop in the near future and how that might impact buyers who are on the fence when it comes to when to buy a home. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

Spring is HERE! What should you expect in the 2022 housing market in March and beyond? How has the war in Ukraine impacted the housing market? I go over all that and more in the March 2022 housing market update. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

The housing market has been and still is on fire right now, however two key indicators that tend to predict what the housing market will do in the future are showing a slow down might be around the corner. Are we about to see a shift in the market, and if so, what can we expect? Let's take a look. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

If you have been hoping that it will be easier to buy a home this Valentine's Day in Orange County, I'm here to break your heart. The housing market is still on fire and just continues to get hotter in February, even as rates continue to rise. Demand is sky high from buyers having FOMO and inventory is still thousands of homes away from a normal market. Seller's get ready to make some money, buyers hold on, it's going to be a rough month. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

Home appreciation is starting the year out of control, again. What can help the housing market cool down to a reasonable level? That's what we explore in this episode. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

Mortgage interest rates have been on the rise in 2022. So how much impact will it have on the affordability of your mortgage and how does it change the price of home you can afford? Although rising interest rates are needed to cool this crazy seller's market, if you are trying to buy a home right now make sure you pay close attention to what interest rates are doing because if they continue to rise it will make it harder to buy a home at the top of your price range. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

2022 is starting off depressing for buyers who are struggling to buy a home. Buyers need to know what to expect in today's market they don't get burnt out and give up. So what should they expect? Let's look at how to approach buying a home this year and how to set the proper expectations so you don't get burnt out... Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

What is the Orange County housing market doing to start the year? Find out with my January 2022 housing market update. Will interest rates go up fast enough to slow down the market soon? What is going on with housing inventory in Orange County? Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

With so many ways to improve your home before selling where should you put your money to get the best return(ROI)? Let look at the top 5 home renovations to help you make more money when selling your home without breaking the bank.

Is Winter a good time to sell your home? Winter in Orange County officially starts next week. Holidays are here and the weather is cooling down. You may have heard that Winter is the worst time to sell your home, but is that good advice for Orange County? Should you sell your home during the Winter months? Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad Schedule an appointment with me at: https://calendly.com/joshalexanderrealestate ClubHouse: @realestatedad

Top 5 things to look for when buying a house. Looking to buy a house in Orange County? What should you look for when buying a house? What red flags do you need to watch out for? Buying a house can be intimidating, especially if it's your first time. Learn what to pay attention to as you tour homes.

Now the we are wrapping up 2021, what will 2022 bring for the Orange County housing market? In this episode I go over the data and my predictions for supply, demand, interest rates, appreciation, top 5 risks, and what I recommend for both buyers and sellers as we enter 2022. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad ClubHouse: @realestatedad

When buying a home taking the first step and contacting the appropriate professionals can often be confusing and a little intimidating. Who should you contact first? This episode dives into that question. Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials for even more frequent updates: https://linktr.ee/joshtherealestatedad

In this episode I have a conversation with Dino from California Coastal Loans and we discuss what buyers should know from a lender's prospective for 2022. Some of the topics include, what will interest rates look like in 2022, updates on loan programs that will help buyers purchase in Orange County, why demand is expected to remain strong, and why finding the right lender can help you get into escrow even if you don't submit the highest priced offer. Want to get your own financial plan or pre-approval process started so you are ready to hit the ground running in 2022? Reach out to Dino or myself to take the first step. Dino Katsiametis CA Coastal Loans 949.720.1616 dino@cacoastalloans.com BRE#:01244052 Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad ClubHouse: @realestatedad Always on the go? Check out the Orange County Housing Market News podcast: Apple: https://apple.co/3e1PX87 Google Play: https://bit.ly/2WRwCkl Spotify: https://spoti.fi/2zhJtD9 iHeartRadio: https://ihr.fm/36C52uH Pandora: http://pdora.co/2KiPeWT

How is Thanksgiving already a few weeks away? This year flew by, but before it's completely over, let's look at the top 5 things you should know and understand about the real estate market in Orange County for the month of November. If you are buying or selling a home this year, this episode is for you! Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials for even more info about the housing market: https://linktr.ee/joshtherealestatedad

Prop 19 passed on California last year, news coverage stopped shortly after and I still get a lot of questions about it, so I wanted to break it down for anyone that was interested in seeing exactly how it works. Some examples are included to make it easier to understand the property tax implications. Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials for even more info about the housing market: https://linktr.ee/joshtherealestatedad

Zillow has put a pause on home buying for the rest of the year, rumors and news articles are speculating that it's because they believe a housing crash is coming, in this episode we look at the data to determine if there is any truth to this. Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials: https://linktr.ee/joshtherealestatedad

Looking to buy or sell a home, or are you in the middle of a transaction and your agent or escrow company starts talking to you about title insurance? What is it? Who pays for it? What is this 20-30 page preliminary title report that you just received when you opened escrow? These are some of the questions I ask David Glanzrock an OC resident and VP at Fidelity National Title, the largest title insurance company in the world. If you have questions about title insurance he is a great resource and is happy to answer them, feel free to contact him directly or leave a comment on the video and he will get you the help you need. His contact info is: Call or Text: 714-917-9874 E-mail: titleisboring@fnf.com Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials: https://linktr.ee/joshtherealestatedad

Inventory and demand are both on their way down as expected for this time of year. Over the next 4-6 weeks expect this hot seller's market to look almost the same as it does today. Right now active inventory for all of Orange County is under 2,200 homes, a record low for this time of year. Typically during the beginning of October we see about 6,400 homes, that is a 194% difference. Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials: https://linktr.ee/joshtherealestatedad

Are you a first time home buyer and don't know where to start your home buying journey? Check out my free e-book on how to budget for your first home at: http://www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials: https://linktr.ee/joshtherealestatedad

There is a lot of questions and misinformation circulating about the new CA bill SB-9 and what it means for homeowners and single family neighborhoods. Hopefully this video can shed some light on it... UC Berkeley Study SB9 Study: https://ternercenter.berkeley.edu/wp-content/uploads/2021/07/SB-9-Brief-July-2021-Final.pdf Are you a first time home buyer and don't know where to start your home buying journey? Check out my free guide to how to budget for your first home: www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials: https://linktr.ee/joshtherealestatedad

The 10-year treasury just hit a 2-month high. When the 10-year goes up, mortgage interest rates tend to follow. If we continue to get good or better than expected economic news over the next two months expect both to continue to rise, slowly, for the rest of the year. Are you a first time home buyer but don't know where to start, check out my free download of how to budget for your first home by visiting www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials for more frequent updates: https://linktr.ee/joshtherealestatedad

Q2 forbearance data was just released from one of the top mortgage data analysis companies, some dramatic swings in equity and forbearance data. For the full report check out: https://cdn.blackknightinc.com/wp-content/uploads/2021/09/BKI_MM_July2021_Report.pdf

Kids are back in school, pumpkin spice everything is now hitting the shelves, what does this mean? The start of the Fall Housing Market is here. Inventory has flattened and seems to have peaked. Both supply and demand will start to fall as we finish up the year. Get your FREE e-book on how to budget to buy your first home at: www.buyersguidetobudgeting.com Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on all the socials: https://linktr.ee/joshtherealestatedad

Did you know California has 5.2 BILLION dollars allocated to helping renters repay up to 100% of missed/partially paid rent and utility payments over the last 18 months when those missed payments were due to a covid-19 related income loss? As of today, the state has only used about 23% of the total funds which leaves 3.9+ billion still sitting ready to help out struggling renters catch up on their payments so I want to do my part to help get the word out. If you are a renter who has missed payments or a landlord who has a tenant who hasn't paid due to covid, please visit Housing.ca.gov. There you can see if you qualify, find out what paperwork you need, and get all your questions answered. To view the visual slides from this show, watch the video version on my YouTube channel at: https://youtu.be/gsW0Ji6pYOE Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad ClubHouse: @realestatedad

August Orange County Housing Market Update Orange County Market Update by the Numbers Demand is down by 3% since the start of July, however over the last two weeks we have seen demand increase a little bit which is mainly due to the interest rate decrease we have seen over the last month. Supply is up 6% since the beginning of July, most of that increase happened over the first two weeks of the month and over the last two weeks homes hitting the market have slowed down a bit. Interest rates are current averaging 2.8%, down from 3% where they were at the beginning of July The average days on market for a home in Orange County right now is 27 days, compared to the 5 year average of around 78 days for July you can see this market is still a deep seller’s market. In fact anything under 60 days is considered a seller’s market. For more information and even more data about the current state of the August housing market, please check out my August Housing Market Update Blog post at: https://www.joshalexanderrealestate.com/2021/07/30/august-orange-county-housing-market-update-2/ Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad ClubHouse: @realestatedad

In today’s market, one of the biggest issues that continues to plague both buyers and sellers during escrow is the appraisal process. Home prices are rising so quickly, that it’s been a common problem that when the appraisal comes back, it often is lower than what the buyer has offered to pay. So what happens when the appraisal comes back below the price the home is in contract for and what can you do to protect yourself to give yourself the nest shot at still closing escrow? Let's take a look... For a more detailed write up check out my blog below: http://www.joshalexanderrealestate.com/what-happens-when-an-appraisal-comes-in-low-and-what-you-can-do-to-protect-yourself Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad ClubHouse: @realestatedad

July Housing Market Forecast for Orange County Hot Housing Summer What’s been happening over the last few weeks? -Inventory is rising - Up 8% in the last two weeks -Demand is shrinking - Down 5% in the last two weeks -Interest rates on the rise again but still hovering around 3% -Mortgage applications are dropping (good indication that future demand over the next 30-90 days will continue to decrease) What to Expect in July and the Remainder of Summer Buyers: Good News: Inventory will continue to rise week after week giving you more options and less competition for your new home Bad News: Appreciation as well as interest rates will also be rising as we go through Summer and transition into Fall. The longer you wait to get into the market, the higher home prices will be and the more you will be paying on your mortgage. Sellers: Good News: The market will be in your favor for the foreseeable future. If you price your home correctly the first time, you should receive a good amount of interest. Can you expect 15-20 offers? Probably not, but you should be able to get a good amount of traffic and interest when placing your home on the market Bad News: Between now and the end of Summer (as well as into Fall) you will see demand slowly decrease, appreciation slow, and interest rates rise. If you are not planning on buying a new home with the money you make off your current homes sale you can probably wait a bit longer to get in on the market without too much of an issue. However, if you are trying to buy a new home after selling your current place, you really have to watch interest rates carefully, as a slight shift up will more dramatically impact your next monthly mortgage payment compared to the extra 1% extra appreciation you might get by waiting to sell. If you are thinking of buying and selling at the same time, now is a good time to take advantage of the low rates and rising inventory on the buying side and the still very high demand on the selling side. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad ClubHouse: @realestatedad

Little has changed over the last month in the housing market, yes supply went up by a few homes, and demand dropped slightly, but overall if you are buying or selling a home today compared to a few weeks ago, you probably won’t feel the difference. School is either out, or almost out and Summer 2021 is about to start. What does this mean for the housing market? We will continue to see demand decrease as the distractions of Summer set in. Buyers, probably more than usual this year due to restrictions finally being lifted, will go on vacation, have family and friends over for BBQ’s, go the the beach, etc. and because of this they are traditionally less aggressively pursuing a home during the next 3 months. At the same time, Sellers are placing their homes on the market in larger number to try to get their home sold to then go and purchase a new one before the Fall semester starts up again. Less demand, more supply, the hot seller’s market is finally coming to an end! Well, don’t get too excited if you’re a buyer or too worried if you’re a seller. The inventory is so low right now that it is going to take months if not years to climb out of this shortage. Just to give you a quick example to illustrate how bad it is, using the years 2015-2019(not using 2020 for obvious reasons) Orange County ended the month of May with and average of 6,363 homes on the market. Can you guess how many homes we have on the market right now? 2,255, which means we typically have 182% more homes on the market going into Summer than we do this year. Very hard to make those kind of numbers up quickly enough to cause any significant shifts in the housing market. On top of that, interest rates are still hovering right around 3%, keeping the demand inflated as buyers try to take advantage of these extremely low rates to lock in the lower monthly payment before rates start to go back up again. We will continue to see homes appreciate this Summer at a quicker than normal pace even as the market cools slightly by the end of Summer. Sellers: The likelihood that inventory drops any more is very low, in fact you should start seeing it rise more significantly over the next 3 months, at the same time, interest rates seem to have bottomed out right around 3% and will be heading up as we get further into the year. What does this mean for you? Higher supply and lower demand, we are shifting out of the peak Spring selling season and into the Summer season where buyers will have slightly more to choose from. Rising interest rates will also take some buyers out of the market. If you have been waiting for the peak, it has already happened, especially in the luxury home segment, and although we won’t be out of a hot seller’s market anytime soon, lower competition will lead to less offers and the crazy bidding wars will cool down slightly. Because we are in the hottest seller’s market in my lifetime, the transition into a normal hot seller’s market will take time but the longer you wait at this point the further your ability to dictate the terms of your homes sale will erode. If you are looking at purchasing a new home with the proceeds from the sale of your current home, this is especially important because right now buyers are willing to give you months to find a replacement property after your home closes, it won’t be that way forever so take advantage of it now so you don’t have to stress about not being about to find a new home quickly enough once yours sells. Buyers: Inventory should continue rising over the Summer which is great news for you but don’t get your hopes up too much, it will still be a very competitive market all the way through Summer due to the extreme lack of inventory, There are just not enough homes to go around to satisfy the demand created by these historically low interest rates. However, PLEASE don’t throw in the towel, yes, it’s hard to stay in the game when you are having to deal with multiple offers on the majority of homes, however interest rates are expected to rise and when they do, you could quickly be priced out of the market and will have to wait on the sidelines even longer. Also, please remember, one of the biggest mistakes buyers are making when looking for a home right now is underestimating how long it will take for them to find a home and get into escrow. If you have a deadline on when you need/want to be in a new home, you need to make sure you start the process at least 3 months in advance. If not, you could find yourself in a position where you are compromising on the location and/or must haves in your new home because you are running out of time to find a place. This is one of the top reasons buyers end up regretting buying their home and it’s not an easy fix. Know what to expect, and give yourself the time you need to find the perfect place so when you do, and you get the keys handed to you at the end of escrow, you can enjoy the home for years to come.

It's hard enough for buyers to get into escrow right now, make one mistake and you could lose out on your dream home. In today's episode I discuss the top 5 mistakes I see buyers make and how to avoid them to give yourself the best shot at getting into the home of your dreams in this crazy seller's market.

Inventory has finally started to rise in Orange County as well as the rest of Southern California. Inventory bottomed out in March which means we are now in the Spring market for housing so from here through the end of Summer/early Fall we should see available homes continue to rise. On the demand side, we did see a slight drop over the last few weeks which is due to 1) The typical housing cycle where demand flattens out this time of year 2) Interest rates were climbing though the month of March which lead to more buyers sitting on the sidelines and not entering the market. So what does this mean for May’s housing market? Interest rates have actually decreased again during April so although I expect this to be a temporary drop, it should lead to a slight bump in demand as buyers try to take advantage of what is most likely the last time they will see interest rates under 3% for the rest of the year(this prediction for demand increase is also supported by the data showing mortgage applications are again on the rise after 6 weeks of declines). By the end of May I expect interest rates to continue their climb upwards again as long as the economic news continues to be positive. 7 things to know about the current housing market in Orange County: 1. Supply has increased by 6% over the last two weeks 2. Demand has decreased by 3% over the last two weeks 3. Interest rates have fallen in April and are currently hovering at an average of 2.97% for a 30-year fix mortgage loan 4. 2/3 of all homes sold right now are closing above asking price 5. Expected market time has gone from 21 to 23 days 6. After 6 weeks of declines, mortgage applications are up again by 8.6% this week 7. Covid cases in OC are currently at 3 per 100,000 residents and OC has a positive test rate of only 1.4% which is a new low since tracking begin last year. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad ClubHouse: @realestatedad