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

Why US home prices will fall another 10 percent, according to Harvard economist https://link.socalmultifamilybroker.com/B_EL

The Housing Market Has Started To Recover https://link.socalmultifamilybroker.com/C4dE

Here’s when US home price declines could end, Goldman Sachs says https://link.socalmultifamilybroker.com/C4sE  

Fed to deliver two 25-basis-point hikes in Q1, followed by long pause https://link.socalmultifamilybroker.com/B_EN

10 Commercial Real Estate Questions That Need Answers in 2023 https://link.socalmultifamilybroker.com/B_zr

How will the recession impact commercial real estate? https://link.socalmultifamilybroker.com/C0Kq

This Recession Indicator Hasn't Been Wrong in 56 Years: Here's What It Says Happens Next https://link.mikelembeck.com/C0LM

Future of Office Remains Murky Amid Layoffs, Recession Fears https://link.socalmultifamilybroker.com/C0SY

Expiring Interest Rate Caps to Fuel Distressed Property Sales https://link.socalmultifamilybroker.com/C0Se

Price Discovery Likely to Continue as Rate Hikes Persist https://link.socalmultifamilybroker.com/C0Sk

2023 Multifamily Outlook: Cautiously Optimistic https://link.socalmultifamilybroker.com/C3sZ

US housing market shows early signs of recovery as demand rises https://link.socalmultifamilybroker.com/C3w9

Multifamily Underwriting Assumptions Are Up Over Pre-Pandemic Times https://link.socalmultifamilybroker.com/C3xj

Bidding Wars Are Back in Key Home Markets https://link.socalmultifamilybroker.com/C4R0

LA’s active residential agent pool shrinks 27% as market slows https://link.socalmultifamilybroker.com/C5Ec

Orange County

4
Closed Sales Last Week
116
Closed Sales - Average Days on Market
$1,818,750
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
2
Financed Transactions Last Week
2
All Cash Transactions Last Week
3
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
4
New Listings Last Week
7
Months of Inventory
155
Total Number of Active Listings
$511,675,286
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


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

Live MLS Link PDF Link


Southern California

4
Closed Sales Last Week
105
Closed Sales - Average Days on Market
$1,414,750
Closed Sales - Average Sales Price
0
Transactions Sold At or Above Asking Price
3
Financed Transactions Last Week
1
All Cash Transactions Last Week
2
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
6
New Listings Last Week
10
Months of Inventory
84
Total Number of Active Listings
$221,648,136
Active Listings, Dollar Volume
1
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