The Orange County housing market continues to appreciate in July but we are seeing signs of slowing especially in the luxury market where homes are valued at 2 million or more. However, if interest rates start dropping like they are predicted to do over the next 12-18 months it could heat up the market again pretty quickly which is why it’s actually a good thing we are building up some inventory right now because it gives us a little buffer. That way, when rates do drop we don’t quickly go into a crazy seller’s market driving prices up quickly again. If you are thinking of entering the housing market sometime in the next few months find out how you should navigate it by watching the video above.
