For many of us, August means Back to School for the kids! Usually we would rejoice that the kids will be out of the house for 6 hours of the day, but this year we must master virtual learning!
The housing market is bouncing back, with multiple offers on homes and record low mortgage rates. Homes sales increased by 20.7% in July (on a month-to-month basis), the highest monthly increase since 1968! 30-year Fixed Loans remain at an all-time low at 3.125% and many lenders are relaxing guidelines for Jumbo Loans. However, inventory remains a problem and continues to become a bottleneck. If you have a home to sell, please contact me. I may already have a buyer for you.
Included below is your 60-day and 12-month Irvine Real Estate market snapshot. I am your local resource for all your real estate needs. Referrals are always appreciated. Stay safe everyone!
- Ellie Yung, Your Irvine Real Estate Specialist
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