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.

Market Update, About IrvineLordgina EsmayanFebruary 23, 2024Real estate, market update

Irvine Market Update - January🏡

With the holiday season behind us, inventory is expected to rise in January and February! Buyer demand has also surged as mortgage rates have dropped and now hovering around 6.5%, improving housing affordability. Mortgage rates are expected to gradually decrease throughout the year as inflation continues to decline.

Updates, Market UpdateLordgina EsmayanFebruary 1, 2024Market Update - January 2024, irvine, Orange County, home selling tips, home buyer tips