#RealEstate #RealEstateMarket #HousingMarket
In this video, Huntington Beach Realtor, Jeb Smith discusses Real Estate and the Real Estate Market Update for Orange County, CA and Huntington Beach, CA. Are we in a Real Estate Bubble? Is the Real Estate Market Crashing? Is it a Seller’s Market or a Buyer’s a Market? Where are interest rates?
Subscribe for More Real Estate Tips and Real Estate Information – https://goo.gl/NZB1S6
As I mention in the video, I believe the real estate market (housing market) is in a different position than where a lot of people thought it might be at the start of the year. What I mean by that is that interest rates are back in the 3% range where most thought rates would be near 5% this year, inventory hasn’t built like many had anticipated and buyer demand has continued pretty strong through this point in the year.
We are now in the middle of summer and getting towards the end of the best time of the year to sell a home and I believe this year will be very much the same. That doesn’t mean it’s not a good time to sell your home, it just means that you have to be realistic when selling it. You need to price your home according to Fair Market Value and you can get that number by speaking to a Real Estate Professional.
With Interest rates near yearly lows, it’s still a great time for Buyers to purchase property. The thing to keep in mind is that good homes are still selling quickly where over-priced are sitting on the market. Buyers don’t have a ton of options right now but they do have more than they had a year ago and with that Buyers are taking longer to make decisions as they make sure they are purchasing the “right” home versus just putting an offer in on the 1st day and getting caught up in the craziness of the market.
In my opinion, this market will continue like this for the foreseeable future and a Real Estate Bubble or Real Estate market crash isn’t anywhere in sight. You have a lot of strong fundamentals like unemployment being at close to all time lows, consumer confidence at near record highs and all of the restrictions they put on builders supporting this market.
Connect with me:
Other videos you might find helpful:
First Time Home Buyer MISTAKES | #1 Mistake First-Time Home Buyers Make | First Time Home Buyer Tips – https://youtu.be/wtXMl5hUTZM
What is a Home Warranty? – https://youtu.be/U-6YPpC911U
Appraisal vs Home Inspection – What’s the Difference? – https://youtu.be/cwjokWbr1Go
What is an ESCALATION Clause in Real Estate?? – https://youtu.be/JZwZr6zS1mo
What is Dual Agency?