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



The Fed’s ongoing housing market ‘reset’ sees buyer cancellation rate at one of the nation’s largest homebuilders spike to 68% https://link.socalmultifamilybroker.com/BxV0  

Apartment Transaction Volume Hinges on Fed’s Next Move https://link.socalmultifamilybroker.com/B_Dj

Fed’s Beige Book Shows CRE Limping, Not Thriving https://link.socalmultifamilybroker.com/B_De

Commercial Property Prices Continue to Drop in December https://link.socalmultifamilybroker.com/B_Dg

CMBS Loan Delinquencies Tick Upward for Third Consecutive Month https://link.socalmultifamilybroker.com/By5P

Shallow Recession or Global Financial Crisis? https://link.socalmultifamilybroker.com/Bydd  

MBA: Commercial Mortgage Delinquencies See Slight Uptick in Q4 https://link.socalmultifamilybroker.com/BzAk

Apartment Landlords Could Start Fighting Over Renters This Year https://link.socalmultifamilybroker.com/BzMU

These Economists Say a Soft Landing is Wishful Thinking https://link.socalmultifamilybroker.com/BzMW

BlackRock says central banks are 'deliberately' causing recessions and warns of a downturn unlike any other https://link.socalmultifamilybroker.com/BzMa

Borrowers Adjust to a Higher Cost of Capital in 2023 https://link.socalmultifamilybroker.com/B-Im

Fed Policymakers Call For Further Rate Hikes To Beat Inflation https://link.socalmultifamilybroker.com/B-In

Up From Here? The Free Fall In Housing Market Activity Just Concluded, Says Capital Economics https://link.socalmultifamilybroker.com/B-Io

Builder Confidence Uptick Signals Turning Point for Housing Lies Ahead https://link.socalmultifamilybroker.com/B_37

Orange County

5
Closed Sales Last Week
23
Closed Sales - Average Days on Market
$1,975,550
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
2
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
6
New Listings Last Week
7
Months of Inventory
155
Total Number of Active Listings
$506,334,285
Active Listings, Dollar Volume
5
Active Under Contract Last Week
1
Pending Listings Last Week
1
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 6.29 months
Avg. Cap Rate: 4.47%
Avg. Gross Rent Multiplier: 14.88

Live MLS Link PDF Link


Southern California

1
Closed Sales Last Week
44
Closed Sales - Average Days on Market
$2,440,000
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
0
Financed Transactions Last Week
1
All Cash Transactions Last Week
0
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
11
New Listings Last Week
10
Months of Inventory
85
Total Number of Active Listings
$219,803,236
Active Listings, Dollar Volume
4
Active Under Contract Last Week
1
Pending Listings Last Week
2
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 7.25 months
Avg. Cap Rate: 4.63%
Avg. Gross Rent Multiplier: 14.28

Live MLS Link PDF Link