I hope the first two months of this year have gone well for you! It's hard to believe that we are already heading into March!
5814 E Bryce Ave, Orange
|Stunningly remodeled, upgraded, and extended home in the highly regarded community of Mabury Ranch. The property's 4 bedrooms, 2.5 bathrooms, and dedicated office space will exceed every expectation from the moment you lay eyes on it. With its gorgeous curb appeal, including a front porch from which you can wave to the neighbors walking by, large front lawn, and finished 3-car garage with ample storage space, you will be in awe of this house before you even step inside. Recent interior renovations have elevated this property to a masterpiece in which entertainment, comfort, and luxury interact seamlessly. This home has everything you have been looking for!|
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Nearly One-Third of Americans Plan to Relocate
The share of home buyers planning to move from one region to another has grown as many Americans look to relocate to more affordable regions of the U.S. Remote work policies, new job opportunities, and ongoing shortages of affordable housing will likely keep Americans moving, economists say.
4 Simple Graphs Showing Why This Is Not a Housing Bubble
If you’re worried that we’re making the same mistakes that led to the housing crash, the graphs in this article show data and insights to help alleviate your concerns.
A new trend has emerged this year, rising rates. According to Freddie Mac’s Primary Mortgage Market Survey®, 30-year fixed rates have risen from 3.05% on December 23rd to 3.92% on February 17th, nearly a full percent higher in only 8-short weeks. Yet, the market remains insanely, white hot. In fact, in the past two weeks, the Expected Market Time in Orange County (the time between pounding in the FOR-SALE sign to opening escrow) dropped from 23 to 20 days, matching levels reached in November and December of last year and the lowest level since tracking began 19 years ago. The market is growing hotter because that is what occurs during the Winter Market, when the inventory does not change much and demand surges. There are plenty of buyers bumping into each other at open houses and property showings, but there are very few homes currently available and not enough homeowners placing their homes on the market right now. More homes come on during the Spring Market, from mid-March through mid-June. Families prefer to place their home on the market during the spring, open escrow, and then close during the summer when the kids are out of school.
The trend in rising rates has occurred before and eventually led to a market change in 2013 when there was a very limited supply of available homes to purchase as well. Similarly to today, the Expected Market Time dropped, and the market got hotter at the beginning of the year. It declined from 47 days in January to 33 days by mid-March. At the same time, mortgage rates rose from 3.34% to 3.63%, yet the market just got hotter. But, as more homeowners came on the market during the spring, the number of available homes began to rise substantially for the first time in nearly two years, growing from 3,183 in March to 4,423 by mid-June, adding 1,240 homes, up 39%. At the same time, mortgage rates had climbed to 3.93%. The inventory continued to grow through the Summer and Autumn Markets and did not peak until mid-October at 6,350 homes. A typical peak occurs during the summer between July and August. From March to October the number of available homes had soared from 3,183 to 6,350, almost doubling by adding 3,167 homes. The Expected Market Time slowed from 33 to 82 days, and mortgage rates had surpassed 4.5% in September before retreating to 4.23% by mid-October.
2143 E Onyx Ave, Orange
Here is your opportunity to own a charming, single-story home, located on a cul de sac in one of Orange’s most desirable neighborhoods, zoned to award winning Villa Park schools. The spacious layout includes three bedrooms and two full baths. Three sets of french doors in the bonus room open up directly to the backyard, great for entertaining and indoor/ outdoor living. The family room features a fireplace with slider access directly to the backyard which offers a pool and spa, a large grass area and a gazebo which makes for a perfect private setting to relax or gather with friends and family. Other property highlights include; RV parking, mature trees including an avocado tree, owned solar system, tankless water heater and more. Close to shopping, restaurants, the 55 and 91 freeways. No HOA or Mello roos and a low tax rate.
17762 Mountain View Cir, Villa Park
Just Imagine Spacious Indoor Living Coupled With A Luxurious Backyard! This Villa Park 5 bedroom 4.5 bath home is ideally located in the Featherhill Neighborhood at the end of a private street and has a backyard dreams are made of! As you enter the double doors the home opens up to an expansive living room with a fireplace and is open to the formal dining room. The kitchen is just off the dining room and is open to the family room and overlooks the amazing backyard. Finishing out the downstairs is a bedroom, 1.5 bathrooms, laundry area, and direct access to the 3 car garage. Upstairs features 2 additional bedrooms that share a guest bathroom with dual sinks.
903 S Creekview Ln, Anaheim Hills
Immaculate, highly upgraded POOL home situated on a 16,000+ sq ft corner lot in the coveted community of Canyon Ridge in Anaheim Hills. Featuring panoramic views, ample privacy, and resort like backyard, this turnkey, updated home is not to be missed! With 2,360 square feet of functional living space, enter the foyer where you are greeted by volume ceilings, designer flooring, and dramatic staircase. Tradition is alive and well in this executive home, where formal living room featuring a stately fireplace and two-story ceilings, along with formal dining room, provide a generous space for entertaining and everyday living alike. In the heart of the home, the updated kitchen with island and breakfast bar, updated appliances, wine fridge, counter depth refrigerator, ample storage, stainless steel farmhouse sink and thoughtful finishes opens to family room featuring yet another fireplace.
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