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December 2022 Real Estate Update | OC - Mark Ochoa Group

December 2022 Real Estate Update | Orange County

The numbers for the Orange County Real Estate Market are in for the month. Total transactions are down by almost 50% and prices are leveling off as interest rates decrease. In this December Update, I peel back the curtain and show you the key stats for the Orange County market and what it means to you. Subscribe to My YouTube Channel for more Real Estate Information and...

Homebuyers Now Have More Power Than They Might Think | Orange County Weekly Housing Report - Mark Ochoa Group

Homebuyers Now Have More Power Than They Might Think

Recently, most real estate headlines have been wildly negative.Many homebuyers that haven’t given up have pretty much been demoralized because of high rates, high prices, and low inventory.Mortgage rates dropped 0.60% last week after the inflation report came in better than expected.  However, it’s hard to ignore the fact that the overall cost of buying a house has increased.If you take a closer look...

November 2022 Real Estate Update | Orange County Weekly Housing Report - Mark Ochoa Group

November 2022 Orange County Real Estate Update

Now that we're in November all of October's numbers are in.The median sales price of homes in Orange County has dropped 5 out of the last 6 months.In this week's Orange County Weekly Housing Report, I share how much we're down from the top of the market, other essential market data, and what it means to buyers and sellers.Subscribe to My YouTube Channel for more Real Estate Information and...

Mortgage Rates Now at 20-Year High | Orange County Weekly Housing Report - Mark Ochoa Group

Mortgage Rates Now at 20-Year High

It's official.  Mortgage rates are now at their highest level since April of 2002.Believe it or not, even though interest rates have more than doubled since the beginning of the year, this isn't completely bad news for homebuyers.I know that's a pretty bold thing to say, but I explain why I say this in this week's Orange County Weekly Housing Report.Subscribe to My YouTube Channel for more Real Estate...

Homebuyers Now Getting Revenge | Orange County Weekly Housing Report - Mark Ochoa Group

Homebuyers Now Getting Revenge

USA Today recently published an article with a headline saying Home Sellers’ Budget for Requests for Repairs Is Now 50% Higher.The playing field is more level and buyers are no longer at a disadvantage in the home-buying process.Find out why in this week's Orange County Weekly Housing Report.Subscribe to My YouTube Channel for more Real Estate Information and...

The Current Real Estate Market Is Confusing | Orange County Weekly Housing Report - Mark Ochoa Group

The Current Real Estate Market Is Confusing

Have your housing plans changed because of the latest news in the real estate market?There are a lot of conflicting real estate headlines in the media right now and it can make things very confusing.In this week's OC Weekly Housing Report, I share why the market is currently the way it is and back it up with data.Subscribe to My YouTube Channel for more Real Estate Information and...

Home Prices Expected to Fall by a Lot, Even Without Recession - Mark Ochoa Group

Home Prices Expected to Fall by a Lot, Even Without Recession

The second most visited real estate website came out with an article last week discussing how they expect home prices to drop whether there's a recession or not.In this video, I briefly review their main points and share how it applies to the Orange County Real Estate Market.Prices have already dropped 10% in OC since April.Do you agree with Realtor.com?What do you think home prices will do within the...

September 2022 Recap | OC Real Estate Report - Mark Ochoa Group

September 2022 Recap | Orange County Real Estate Report

The numbers for the Orange County Real Estate Market for the month of September are in.The big news is homeowners aren't selling, but why?And did the median sales price for September come in higher or lower compared to August?In this video, I’m going to take you behind the scenes and answer these questions.Subscribe to My YouTube Channel for more Real Estate Information and...

Fed Wants a Housing Correction - Mark Ochoa Group

Fed Wants a Housing Correction

The housing market is pulling back which is exactly what the Federal Reserve wants. Last week they raised their benchmark rate by 75 basis points for the 3rd straight time. Why are they doing this and what does this mean for buyers and sellers? Subscribe to My YouTube Channel for more Real Estate Information and...

Realtor.com: Housing Market to Get Hammered | Orange County Weekly Report - Mark Ochoa Group

Realtor.com Predicts Housing Market About to Get Hammered

Realtor.com put out an article last week saying "The Housing Market Is About to Get Hammered".It’s important to note that they cover the real estate market on a national level.Some people say that all politics is local, but it’s definitely true for real estate.Real estate is different from county to county or even city to city, but this article was really hard to ignore.Go here to see the brief video...

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