While the Federal Reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now?

In comparing this year to last year, the housing market is profoundly different with higher mortgage rates, more available homes, much lower demand & significantly longer market times.

For homeowners looking to sell in 2022, the window of opportunity is closing as the inventory climbs, demand falls, and market times grow longer.

Many believe that the rapidly slowing housing market will lead to crashing home values, yet the facts do not support this theory.

Are you thinking about selling your current home? If so, the biggest question on your mind may be: if I sell now, where will I go? If this resonates with you, there’s something you should know. The number of homes coming onto the market is increasing and that could make it easier for you to move up this summer.

When escalating home prices are matched with much higher mortgage rates, home affordability dramatically weakens and results in fewer buyers able to make a purchase.

It’s important to note that Google searches about a housing bubble don’t cause bubbles, nor do they reflect hard or specific economic data. They’re a glimpse into a collective mood.

While the market is slowing, it is gradually evolving from its out of control, insane pace, to a normal seller’s market where pricing will be fundamental in finding success.

Higher 30-year mortgage rates are having a major impact on Orange County demand, now at levels far below typical spring averages. Over the past month, demand dropped by 6% when it normally rises by 4%.

For over 50 years, Las Damas has hosted the Annual Sunset Beach Art Festival. This year marks the 54th Art Festival to be held May 7 & 8, 2022.

Trends are developing which demonstrate that the pandemic induced, insane housing run is cooling.

Event is Sunday, April 24th, from 2-4 p.m. at Nobles Family Community Center (16861 12th St., near North Pacific Avenue)

With rates inching their way up to 5%, the housing market is slowly changing and trends are emerging that illustrate a shift in the insanely hot housing market.

Surfside, Sunset and Newport Beach Sand Replenishment

Average Homeowner Equity Increases by 55k