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Real Estate Update for June 2024
June 2024’s housing market update for Newport Beach, Corona del Mar, and Costa Mesa shows a mixed bag of trends. Newport Beach sees stable sales but a slight drop in prices, Corona del Mar enjoys rising sales and prices, while Costa Mesa faces fewer sales but higher average prices. Newport Beach In June 2024, Newport […]Why Waiting for Rates to Drop to Buy May Not Save You Money
In the world of real estate, timing is everything. Especially when it comes to interest rates, the decisions you make today can significantly impact your financial future. Let’s explore what can happen when you wait for rates to drop. The Scenario Imagine you’re in the market for a $1,000,000 home. Currently, the interest rate is […]
Real Estate Market Report May 2024
As we step into the midpoint of 2024, it’s essential to reflect on the real estate landscape of Newport Beach, Corona del Mar, and Costa Mesa. These vibrant communities continue to attract homebuyers with their unique offerings, and the year-to-date statistics paint an intriguing picture of growth and stability in the local markets. 🏖 Newport […]
Here’s What You Need to Know About Home Prices and Mortgage Rates!
If you’re contemplating a move this year, two crucial factors are likely top of mind: home prices and mortgage rates. You’re probably wondering what the future holds and whether it’s the right time to make your move or if it’s better to wait it out. Here’s the scoop on both fronts: 1. What’s Next for […]
Real Estate Market Report for April 2024
**Newport Beach Real Estate Market Continues to Thrive in April 2024** As we move into the heart of 2024, the Newport Beach real estate market shows no signs of slowing down. With the latest data from April now available, it’s evident that the market is experiencing steady growth compared to the same time last year. […]
Explained: New Proposed National Association of Realtors Agreement
HERE’S WHAT WE KNOW RIGHT NOW The proposed new National Association of Realtors (NAR) agreement will no longer mandate that sellers make and display offers of compensation to buyer’s agents on the Multiple Listing Service (MLS). However, it does not prohibit such offers, leaving the decision to the seller’s discretion. NAR will require buyer agents […]
Real Estate Market Report: March 2024
As we delve into the numbers, we can observe interesting trends shaping the housing market in Newport Beach and its neighboring communities. Let’s dive in: Newport Beach: In Newport Beach, the market continues to display robust activity. With a total of 131 January through March, representing a notable uptick of 7% compared to the previous […]
Why There Won’t Be a Recession That Tanks the Housing Market
There’s been a lot of chatter about a possible recession lately, sparking concerns of a repeat of the 2008 financial crisis. However, let’s delve into the latest insights from experts to understand why this isn’t the case. Jacob Channel, a Senior Economist at LendingTree, offers a reassuring perspective, stating that despite some ups and downs, […]