Orange County Housing Market News Josh Alexander

The end of May Orange County housing market update is here! Wow what a change we have seen over the last 3 weeks. While other industries are projected to see a U shaped recovery, the housing market is currently looking more like a V shape. Demand has skyrocketed while supply is finally starting to pick up steam. It might be a little late for the start of the Spring market, but it looks like we will be picking up where we left before the lockdown began. In this episode I will discuss:
- The Southern California and Orange County Housing Market trends
- Positive news on forbearance and future foreclosure issues
- What areas might be impacted the hardest and what areas might be seeing a surge in demand as a direct result of the market

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In this market update will look back at the data from April and the first week of May to see where the supply and demand are trending for the housing market and what that means for future home prices. We will also look at the F words(forbearance and foreclosure) that you have probably been reading about in the headline news to see how much they might impact the market, and finally we will look at the specific supply and demand numbers for Orange County to see how the market is shaping up as we start to see some of the stay at home orders lifted.

In episode 3 of the coronavirus Orange County housing and lending market update I brought back Mina Yasuda and we discuss three main topics:

1) Why this recession won't impact housing like the great recession of 2008

2) Updates on the mortgage market that have helped stabilize the industry

3) Update on the housing market on Orange County and how the supply and demand curves are starting to show that we are seeing some light at the end of the tunnel.

Have you been thinking of selling your home this Spring but are now uncertain because you're not sure how risky it is?

In California, real estate is still considered essential. So, if you're going to sell your home during this pandemic, you need to make sure you are not only aware of how the selling process has changed in the last few weeks, but know how to keeping yourself safe and eliminating as many contact points during a sale as possible.

In this video, I'll go over some of the changes the industry has made to keep sellers safe, I also go over what you should expect before and after you put your home on the market and what escrow now looks like for sellers so you can successfully navigate through the process.

In California, real estate is still considered essential. So if you are going to purchase a home during this pandemic, you need to make sure you are not only aware of how the buying process has changed in the last few weeks, but know how to keeping yourself safe and eliminating as many contact points during a sale as possible. In this video I'll go over some of the changes the industry has made to keep buyers safe, and what you should expect as you look for your new home to help you successfully navigate through the process

In this Facebook Live interview, I talk to Dino Katsiametis the broker/owner of CA Coastal Loans. Some of the topics we cover are:

➡️Why interest rates have been fluctuating so much

➡️What has changed in terms of how people qualify for loans,

➡️What new processes and procedures have been implemented that might impact your escrow

➡️Where we sees the market going based on the latest data and much more