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Good luck with that.

The humidity, the bugs, and the heat....no thanks.

Some do but people have also benefited from stock/investment/crypto appreciation too.

My first time non move-up buyers are mostly around $1m +/- and most all of the $1.5m+ buyers are move-up buyers with lots of equity in their current homes.

Got 2 offers on the home and selected one of the offers as it was much higher than the other one and opened escrow today.

Got word from escrow just now that we closed on the transaction. The sales price was $2,206,000 or $206,000 over the asking price, a Springhouse record sales price for any of the 3 models. Congrats to the buyer and seller.

Got word from escrow that the transaction closed this afternoon. The sales price was $1,320,000 however the buyer agent gave up 1.50% of the buyer agent commission to bring down the price (her son was the buyer) and the buyer provided a 5-week free rent back to the seller so the effective sales...

On Wednesday afternoon I listed a nicely renovated, turnkey Vista West Park Plan 1 home located in Westpark on MLS. The home features 3 upstairs bedrooms, 2.5 bathrooms, and has 1,868sf of living space and sits on a private 4,500sf corner lot with only 1 neighbor. The home is listed at...

I think the same home in Turtle Rock would sell for over $2m today.

Got word from escrow yesterday afternoon that the transaction closed. The final sales price was $1,835,000. Congrats to both the buyer and seller.

Elevate at Great Park? Is this for their Orchard Hills homes or are they building homes at Great Park?

My updated Shady Hollow Plan 2 single-story single story home in Northwood went Active on MLS earlier this morning. The home was built in 1979 and features 3 bedrooms and 2 full bathrooms along about 1,5,07sf of living space with a 4,850sf lot and has No HOA and No Mello Roos. The home is listed...

The sad truth is that in Irvine I can count the number of FHA and VA buyers in a month on one hand.

They ARE driving the market in Irvine today. When you see non-view, non-large lot homes closing for over $1,000/sf they are mostly purchased by cash buyers.

Yet over 50% of homes in Irvine today are purchased for all cash. Your bar chart means very little today unfortunately. Also, not all financed buyers are only putting 20% down.

Of course there will always be more people than homes available for sale. That is why I keep telling people to focus on how much inventory is on the market in terms of # of months of inventory. With the level of homes available for sale in Orange County today and given that there were about...

Considering you have less than 3,000 homes even if 1/2% of those people are buyers in the market there's still more buyers than homes available.

I know that I sound like a break record but pricing is heavily influenced by the supply of homes on the market. Interest rates are only one component that can influence the demand side but the numbers of homes on the market is the big driver as it is the supply side. Until inventory increases...

Orange County inventory levels have been hovering around 2,800 for a past few months which is lower than every month in 2023 except for December 2023. You can see inventory is only 30-40% of the levels in 2019.

It depends on the builder and the circumstances. If you just have a chance of heart no you won't be able to get your deposit back but if it's due to a job loss or relocation then they may be open to refunding you the deposit (plus given how strong the market is). I would recommend speaking to...