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

Is A Housing Price Crash On The Horizon? Real Estate Economists In Orange County Register Say It’s Highly Unlikely https://link.socalmultifamilybroker.com/EUJy

Redfin: Nearly 40% Fewer Homes For Sale Now Versus The Pre-Pandemic Period https://link.socalmultifamilybroker.com/EVT9

Happy Days Are Here Again: Builder Confidence Rises In Positive Territory https://link.socalmultifamilybroker.com/EWWA

CRE Transactions Have Crashed 70% Year Over Year https://link.socalmultifamilybroker.com/EWWf

The New York Fed's Economic Forecast Gets a Lot Brighter https://link.socalmultifamilybroker.com/EXeO

There Are a Few Caveats to the Rising Builder Confidence https://link.socalmultifamilybroker.com/EXfF

U.S. Single-Family Rent Growth Continues to Slow While BTR Demand Flourishes https://link.socalmultifamilybroker.com/EXv-

California Home Sales Up In May https://link.socalmultifamilybroker.com/EXw0

These are the Headwinds Facing CRE https://link.socalmultifamilybroker.com/EYjP

Fed’s Powell Outlines Hawkish Interest Rate Plans to Congress https://link.socalmultifamilybroker.com/EYjT

Bad-Loan Industry Ramps Up, Triggered By Office Distress https://link.socalmultifamilybroker.com/EYk1

Home Sales Increase In State During May, But No Big Recovery In Sight https://link.socalmultifamilybroker.com/EYk4

Powell: Fed is “Very Focused” on CRE Loan Situation https://link.socalmultifamilybroker.com/EYki

Apartment Rents Are Rising Again in Orange County https://link.socalmultifamilybroker.com/EZ0W

Existing Home Sales Down 20% From One Year Ago https://link.socalmultifamilybroker.com/EZeq

CRE Pricing Suffers Biggest Annual Drop in 13 Years https://link.socalmultifamilybroker.com/EZkQ

Orange County

5
Closed Sales Last Week
88
Closed Sales - Average Days on Market
$1,269,778
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
4
Financed Transactions Last Week
1
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
10
New Listings Last Week
6
Months of Inventory
160
Total Number of Active Listings
$648,189,852
Active Listings, Dollar Volume
4
Active Under Contract Last Week
5
Pending Listings Last Week
0
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.42%
Avg. Gross Rent Multiplier: 14.88

Live MLS Link PDF Link


Southern California

6
Closed Sales Last Week
62
Closed Sales - Average Days on Market
$1,655,500
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
0
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
10
New Listings Last Week
7
Months of Inventory
105
Total Number of Active Listings
$278,535,395
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
3
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.29

Live MLS Link PDF Link