As interest rates stay higher for longer, will home prices start falling in Orange County? For home buyers, the unfortunate answer is probably not. Although inventory is starting to go up faster than last year, we are still way below the levels we typically see during this time of year. Yes, demand is also lower than normal, but there are still enough home buyers out there to keep us in a seller's market for the foreseeable future. The market is still red hot in most areas of Orange County and as we enter Summer it will begin to slow down slightly as more inventory continues to hit the market and demand starts it's normal decline, but don't expect a balanced or buyer's market anytime soon. Want to get more insight into what's happening in the Orange County housing market, how about an update on the commission lawsuit that will take effect on August 17? If you are thinking of buying of selling a home this summer what is my advice for you? You can find all of this and more in this month's housing market update so check it out! Click learn more to watch to full update now!
