Even with mortgage rates soaring above 7%, homes remain scarce, multiple offers are the new normal, and property values are skyrocketing. As the economy cools, expect mortgage rates to drop, igniting an even fiercer housing market frenzy.
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The housing market is seeing significant shifts! Mortgage rates are creeping back up, inching closer to the 7% mark. Despite this, as Spring approaches, demand has surged by an impressive 28%. Additionally, inventory has seen a notable 16% increase over the past week. However, it still lags considerably behind the three-year average.
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Welcome to the latest update on Orchard Hills Village IV, affectionately dubbed "The Summit" by many eagerly anticipating its completion. Join us as we explore the progress of this upcoming community nestled between Culver and Jeffrey on Portola Parkway. With 250 acres of land graded and block wall fences underway, the landscape is taking shape. Notable additions include new stoplights and two entrances, named Golden Sky and Wonderview, signaling convenience and charm. As we anticipate approximately 520 homes, excitement builds for this gated haven.
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I love living in Irvine, and I'm excited to share the top 3 things that make this city so special to me. From the sun-kissed weather that brightens every day to the seamless daily living experience and the unbeatable location, Irvine has become my ideal home. Join me on this journey as I explore the unique charm that makes Irvine a place I'm proud to call home! 🌞🏡
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