Orange County Economist, Steven Thomas with Reports On Housing brings LIVE episode 2 of the “Housing Debrief”Copy of Presentation: https://reportsonhousing.com/wp-content/uploads
2020 FORECAST - OC HOUSING REPORT
Dated: January 29 2020
A 2020 FORECAST
HAPPY NEW YEAR!!! Now, what does that mean for Orange County real estate? First, let’s look back at what happened in 2019 in terms of the inventory, demand, luxury properties, and Expected Market Time. Don’t miss the 2020 Forecast after the 2019 recap.
The year started with an active inventory of 5,829 homes, the highest level to begin a year since 2012. The 7,900 homes start to 2012 may have been initially high, but it continuously dropped throughout the year as the housing market had just began its recovery from the depths of ... continue reading
THE 2020 FORECAST : A STRONGER YEAR.
Despite the tremendous focus on the “trade war,” the international slowdown, impeachment, Brexit, and stock market volatility, the U.S. economy was strong throughout 2019. Unemployment reached 50-year lows. The GDP was up considerably more than many forecasted. Long-term interest rates dropped from 4.5% to 3.5% before climbing slightly to ... continue reading
Since day one of entering the real estate field I have loved and embraced understanding what my clients current or future home means to them. Being in the industry for over six years I have worked and....
Latest Blog Posts
What a Twist!11/4/19The housing market just dramatically improved as the inventory plunged and demand increased. SUDDEN IMPROVEMENT: THE EXPECTED MARKET TIME JUST DROPPED BY 8%. Was it the?
GREEN SHOOTS9/9/19Even though the housing market is not as hot as prior years,trends have emerged that confirm that it is starting to heat up.Green Shoots: Trends are developing which demonstrate