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

Illegal rent increases soar in Los Angeles https://link.socalmultifamilybroker.com/DOyL

Market Snapshot: Us Office Sector https://link.socalmultifamilybroker.com/DOyq

Are We Headed Toward Another 2008? Experts Say No https://link.socalmultifamilybroker.com/DPXx

California Median Home Price Up For First Time In Seven Months https://link.socalmultifamilybroker.com/DS_M

Redfin: Median Home Price In Greatest Year-Over-Year Decline Since 2012 https://link.socalmultifamilybroker.com/DS_d

Underwriting Assumptions Stabilize for Prime Multifamily Assets https://link.socalmultifamilybroker.com/DQ5Y

New Home Purchase Mortgage Applications Up, Forbearance Level Down https://link.socalmultifamilybroker.com/DS74

California Apartment Vacancy at Highest Level Since 2021 https://link.socalmultifamilybroker.com/DQ7Y

These Are The Tech Jobs Most Threatened By ChatGPT and A.I. https://link.socalmultifamilybroker.com/DQTm

Multifamily Cap Rates Have Begun to Stabilize https://link.socalmultifamilybroker.com/DR2Y

Multifamily Turns to Alternative Financing in a Down Market https://link.socalmultifamilybroker.com/DRBB

Private Credit Funds Eye CRE As Regional Banks Withdraw https://link.socalmultifamilybroker.com/DRBY

Swiss Re Institute: US CRE Will See Rough Sledding for Years https://link.socalmultifamilybroker.com/DRBF

Survey Finds Homeowners Delaying Improvement Projects Due To Inflation https://link.socalmultifamilybroker.com/DRBi

Most Homeowners Waiting For Mortgage Rates To Drop Before Selling https://link.socalmultifamilybroker.com/DRBr

More US Consumers Are Falling Behind On Payments https://link.socalmultifamilybroker.com/DRCR

Fed’s James Bullard Stays Bullish on Higher Interest Rates https://link.socalmultifamilybroker.com/DS6o

These are the CRE Loans Most at Risk https://link.socalmultifamilybroker.com/DS70

Life Companies Shun Office Building Owners with Loans Coming Due https://link.socalmultifamilybroker.com/DS72

California Pension Fund Writing Down $52B CRE Portfolio https://link.socalmultifamilybroker.com/DSF2

SFR Rent Growth Continues Its 10-Month Decline https://link.socalmultifamilybroker.com/DSJg

Life Insurance Lenders: No Lifeline for Office Owners https://link.socalmultifamilybroker.com/DS_H

Deal Activity Shrank 56% in Q1 as Cap Rates Rose 30 Basis Points https://link.socalmultifamilybroker.com/DS_L

Commercial Property Pricing Posts Biggest Annual Decline Since 2010 https://link.socalmultifamilybroker.com/DTv5

Foreclosure Activity Up 22% Year-Over-Year https://link.socalmultifamilybroker.com/DTvA

Existing Home Sales Down 22% from Last Year https://link.socalmultifamilybroker.com/DTvC

Orange County

7
Closed Sales Last Week
30
Closed Sales - Average Days on Market
$2,402,500
Closed Sales - Average Sales Price
1
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
5
All Cash Transactions Last Week
4
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
15
New Listings Last Week
8
Months of Inventory
164
Total Number of Active Listings
$635,536,366
Active Listings, Dollar Volume
7
Active Under Contract Last Week
1
Pending Listings Last Week
3
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.92

Live MLS Link PDF Link


Southern California

1
Closed Sales Last Week
83
Closed Sales - Average Days on Market
$1,719,500
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
1
Financed Transactions Last Week
0
All Cash Transactions Last Week
1
2-4 Unit Transactions Last Week
0
5+ Unit Transactions Last Week
10
New Listings Last Week
9
Months of Inventory
115
Total Number of Active Listings
$265,740,408
Active Listings, Dollar Volume
1
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: 14.37

Live MLS Link PDF Link