Josh Alexander Real Estate

Josh Alexander Real Estate Orange County Real Estate Agent www.youtube.com/joshalexanderrealestate

11/13/2024

What will the holiday season hold for the Orange County housing market? Whether you're thinking of buying or selling in the next few months, this update will help you understand where the market stands today and what trends to expect as we approach the end of the year going into 2025.

In this video, we’ll cover:

-How the recent election results may impact the housing market

-Why interest rates are still stubbornly high and what that means for buyers and sellers

-My expert advice for those considering entering the market in the next few months

Josh Alexander
THE brokeredge
[email protected]
714.366.2186
DRE #:01974435

10/18/2024

Something unexpected is happening in the Orange County Housing Market right now. The market is getting hotter as we head into October at a time it should be cooling off. What is causing this, how long will it continue, and what does this mean if you are thinking of buying or selling a home before the end of the year? I discuss all this and more on today's episode.

09/25/2024

Think mortgage rates dropped when the Fed lowered their rates? Think again! Surprisingly, mortgage rates actually went up after the Fed’s recent announcement. While rates have still decreased over the past 6 months, from 7.5% to around 6.15%, making homeownership more affordable, many are wondering why rates didn’t drop further after the Fed's move. In this video, we’ll dive into the reasons behind this trend, how the Fed’s actions impact mortgage rates, and what this means for homebuyers. Stay informed and subscribe for the latest updates on the housing market!

09/10/2024

If you’ve been holding off on buying a home in Orange County, waiting for the perfect moment, that time might just be now. Lower interest rates, more homes on the market, and summer sellers getting more anxious to get their home into escrow are creating an ideal opportunity for buyers RIGHT NOW.

Are homes that are move-in ready, properly priced, and marketed well still selling quick? Yes. However the average time it takes to sell a home has been slowing rising over the last 3 months. (Properly priced homes are selling in 13 days, over priced homes are selling in 42+ days) So sellers need understand we are no longer in the same market we have been in since the start of the pandemic and adjust their plans accordingly.

Supply: The number of Orange County homes for sale is still rising slowly. Typically we start seeing the number of homes decreasing by now but it looks like the peak for the season will come a few weeks later than normal this year. I expect to see that peak happen sometime this month.

Demand: Interest rates are still heading down and a relatively quick pace, as of today the average interest rates is right around 6.25% for a 30 year loan and 5.65% for an FHA loan. Because prices have remained stable this has given buyers about 12% more purchasing power than they had at the beginning of summer.

Josh Alexander
THE brokeredge
[email protected]
714.366.2186
DRE #:01974435

08/09/2024

The Orange County housing market is cooling down, but surprisingly low interest rates are going to shake things up as the summer housing market comes to an end. Will prices fall in Orange County? Will affordability go up? Is now a good time to enter the market? I'll be answering all these questions and more on today's episode.

08/07/2024

Home buyers! These significant changes start in just a few days, not understanding them could leave you in shock when you go to buy your next home. 😮

In this video, I dive into the upcoming changes to real estate commission laws taking effect on August 13th in Orange County. Discover what is changing and how it impacts you as a buyer. We’ll guide you through navigating these changes, ensuring you understand the new landscape and how to make informed decisions.

3 Key topics I’ll be covering:

* Detailed breakdown of the new commission structure
* Strategies for buyers to adapt and thrive under the new regulations
* Analysis of the likelihood and implications of buyers paying for real estate agent services directly

07/11/2024

The Orange County housing market continues to appreciate in July but we are seeing signs of slowing especially in the luxury market where homes are valued at 2 million or more. However, if interest rates start dropping like they are predicted to do over the next 12-18 months it could heat up the market again pretty quickly which is why it’s actually a good thing we are building up some inventory right now because it gives us a little buffer. That way, when rates do drop we don’t quickly go into a crazy seller’s market driving prices up quickly again. If you are thinking of entering the housing market sometime in the next few months find out how you should navigate it by watching the video below.

06/26/2024

Why is it so hard to buy a home right now, how did they get so unaffordable? Let's look at the challenges both first time home buyers and current homeowners are experiencing right now and the events that shaped the current housing market.

06/11/2024

Summer is here in Orange County and many people might believe that the housing market heats up during the summer months, but does the data actually show that, and with everything going on this year will the market speed up or slow down? Let's take a look at what you can expect over the next few months in Orange County and what will have the biggest impacts on the housing market as school gets out and beach weather begins.

05/29/2024

One of the top questions that inevitably comes up when I'm helping a first-time home buyer is, "Can I get out of escrow once the contract is accepted, and what happens to my deposit?". On today's episode I cover the different protections you need to know about when writing a purchase contract so you do have a way out of the contract and are able to get your deposit back if you discover the home isn't going to work for you.

05/15/2024

As interest rates stay higher for longer, will home prices start falling in Orange County? For home buyers, the unfortunate answer is probably not. Although inventory is starting to go up faster than last year, we are still way below the levels we typically see during this time of year. Yes, demand is also lower than normal, but there are still enough home buyers out there to keep us in a seller's market for the foreseeable future. The market is still red hot in most areas of Orange County and as we enter Summer it will begin to slow down slightly as more inventory continues to hit the market and demand starts it's normal decline, but don't expect a balanced or buyer's market anytime soon. Want to get more insight into what's happening in the Orange County housing market, how about an update on the commission lawsuit that will take effect on August 17? If you are thinking of buying of selling a home this summer what is my advice for you? You can find all of this and more in this month's housing market update so check it out!

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