It’s Time to Make a Move!
Often times, people want to wait for the perfect time to look for that new job, have children or make a move to a new neighborhood. In many cases, there isn’t going to be a perfect time to do those things. But when it comes to the Orange County housing market, it’s the perfect time to be a buyer or a seller right now. With interest rates at historical lows and surging demand across the board, buyers and sellers all over Orange County should start making moves to take advantage of this market before summer arrives.
Conditions are Prime for Buyers and Sellers
At the end of 2018, many economists speculated that mortgage rates would start to climb again heading into 2019. But contrary to what the experts predicted, a tumultuous start of the year for Wall Street and an economic slowdown in China and Europe caused interest rates to drop back down to historical lows. Interest rates are hovering right around 4 percent, making it a fantastic time to be a buyer. As interest rates stay at these lower rates, your dollar goes further, increasing the amount of home you can afford. There is no such thing as perfect timing, especially when it comes to the Orange County housing market, but this is as close as it will get for buyers.
If you’re a seller, don’t feel left out. The Orange County housing market is favoring sellers right now, too. As the interest rates drop for buyers, demand has increased by 279 pending sales, or 11 percent over the past two weeks for sellers. That’s quite a spike considering where we are in the year. From this point on, demand typically rises slowly until it peaks in May, followed by a steady slow down moving into summer with all the huss and fuss of graduations and summer break. If you price your home properly, your chances of selling your home quickly and for top dollar increase dramatically. On the luxury end, homes priced above $1.25 million have seen an increase of 54 pending sales, a 15 percent increase in demand over the past two weeks.
The bottom line for both buyers and sellers is that it’s time to make a move now. There isn’t going to be another time where the conditions align like this. Take advantage of the Orange County housing market now, before summer gets here.
Capitalize on the Market
Whether you’re a buyer or a seller right now, the market is favoring you. Now all you need to do is find yourself an experienced local real estate agent to help you take advantage of it. Rosemary Hieber is that agent. With 20 years of experience serving Orange County, she knows the ins and outs of the housing market. She has the experience and the knowledge to help you find the home of your dreams or get top dollar for the home you’re selling. Whatever your circumstance is, let Rosemary help you. Contact her today to capitalize on this thriving Orange County housing market.
- M: 949.285.3215