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Here's What's Happening In The Market, Here’s What This Means For You

Americans Owe A Record $1 Trillion In Credit Card Debt https://link.socalmultifamilybroker.com/FHSD

First-Time Buyers Need To Earn 13% More Than A Year Ago To Purchase Starter Home https://link.socalmultifamilybroker.com/FCep 

LA Tenants Have Until Aug. 1 To Pay 18 Months Of Back Rent https://link.socalmultifamilybroker.com/FDJX

Hotel-to-Apartment Conversions Gaining in Numbers https://link.socalmultifamilybroker.com/FDJf

Trepp: CRE Bank Loan Performance Declines in Q1 https://link.socalmultifamilybroker.com/FDJg

CMBS Delinquencies Post Sharp Increase in July https://link.socalmultifamilybroker.com/FDJi

Rent Control Again Qualifies For California’s November 2024 Ballot https://link.socalmultifamilybroker.com/FDSI

L.A. Landlords Ask Court to End Rent Freeze as Back Rent Comes Due https://link.socalmultifamilybroker.com/FEMt

Bank CRE Loans: More Delinquency, Bigger Risk, Slowdown in Origins https://link.socalmultifamilybroker.com/FENH

Wheels Come Off The "Strong Jobs" Myth: Job Openings Drop To 2 year Low As Number Of Hires And Quits Plunge https://link.socalmultifamilybroker.com/FEOH

Are Cap Rates Approaching a ‘Soft Plateau?’ https://link.socalmultifamilybroker.com/FEP_

Expanding Rent Control In California Will Be On The Ballot. Again https://link.socalmultifamilybroker.com/FEV0

A Phil Hall Op-Ed: Should Biden Pay Homeowners To Sell Their Properties? https://link.socalmultifamilybroker.com/FEV6

U.S. Multifamily Market Progresses Toward Stabilization https://link.socalmultifamilybroker.com/FF2U

Banks Expect to Tighten Standards for CRE Loans Even More https://link.socalmultifamilybroker.com/FF7H

Regional Mall Values Are Dropping More Than 70% https://link.socalmultifamilybroker.com/FF7O

Recession Fears Lessen But Other Worries Persist: Survey https://link.socalmultifamilybroker.com/FFTe

US Property Prices Fall Further, Weighed Down by Apartments, Offices https://link.socalmultifamilybroker.com/FG5O

Concession Rates Rising in Some Major Metros https://link.socalmultifamilybroker.com/FG6n

LA Home Market Stalls As Signed Contracts And Listings Decline https://link.socalmultifamilybroker.com/FGAc

Insurance Looms Large for Multifamily Owners https://link.socalmultifamilybroker.com/FGJs

MBA Forecasts 38% Decline in Commercial Mortgage Lending for 2023 https://link.socalmultifamilybroker.com/FHL5

CMBS Delinquency Rate Rises To 4.41% https://link.socalmultifamilybroker.com/FHL8

Rent Collections the Next Step in Multifamily AI Adaptation https://link.socalmultifamilybroker.com/FHLT

Here's How CRE Will Benefit If the Fed Really Has Stopped Raising Rates https://link.socalmultifamilybroker.com/FHLU

Costa Mesa Moves Forward With Plans For 1,050 New Apartments https://link.socalmultifamilybroker.com/FHQP

Freddie Mac Outlook: Slow and Steady https://link.socalmultifamilybroker.com/FHQW

Bracing For Change and More Uncertainty https://link.socalmultifamilybroker.com/FHqs 

Orange County

5
Closed Sales Last Week
128
Closed Sales - Average Days on Market
$3,568,000
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
2
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
3
5+ Unit Transactions Last Week
17
New Listings Last Week
7
Months of Inventory
191
Total Number of Active Listings
$684,741,857
Active Listings, Dollar Volume
8
Active Under Contract Last Week
1
Pending Listings Last Week
11
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.87

Live MLS Link PDF Link


Southern California

6
Closed Sales Last Week
72
Closed Sales - Average Days on Market
$1,076,323
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
5
Financed Transactions Last Week
1
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
10
New Listings Last Week
9
Months of Inventory
107
Total Number of Active Listings
$301,292,998
Active Listings, Dollar Volume
3
Active Under Contract Last Week
3
Pending Listings Last Week
3
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.17

Live MLS Link PDF Link