Recent Market Updates

Staying on top of the real estate market can be difficult, there are so many articles and so much information that it can be confusing where to go for the best facts. One of the best things about a good REALTOR® is that we always have the most recent updates and are happy to provide you with all the information you need to make the best decision when buying or selling a home.

In the last few weeks, there are have been some great articles out and I wanted to share them with you:

According to most recent research from Marilyn Kalfus, 2 of the areas with the top home price jumps in the state were in Orange County!

In addition, the median home prices for Orange County are going up again, although still down overall, they have improved drastically from where they were, showing the market to be recovering well.

We also need to take a look at the tax breaks coming for home buyers, a tax break that just may allow you to get into that perfect home this year by saving you money in places you never expected!

And,  the good news is, those tax credits may be extended. There are talks to add another 12 months to the program instead of just the 14 weeks it currently has left.

Lastly, here is a great chart that shows how the interest rates have changed over the years, aptly named: Historical Interest Rates

I hope that some of these articles will help you to answer some of the questions about recent market changes. If you have other questions, feel free to give me a call – 949-583-1331!

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