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

Apartment Transactions at a 'Virtual Standstill' https://link.socalmultifamilybroker.com/AsZ1

Mortgage and Interest Rate Shock, Never in History Have Rates Risen So Fast https://link.socalmultifamilybroker.com/Amha

Buckle in for a brutal free-fall in home prices and US housing is in a massive bubble, experts say. Here's how bad Jeremy Siegel, Paul Krugman and 5 others think it could get. https://link.socalmultifamilybroker.com/Amhb

Local, US Housing Prices In Biggest Tumble Since 2009 https://link.socalmultifamilybroker.com/AnVh

Americans’ personal savings have fallen off a cliff. Get ready for how low they fell. https://link.socalmultifamilybroker.com/Ao27

Case-Shiller: Home Prices Decelerate Like 'Never Before' https://link.socalmultifamilybroker.com/AoF8

Credit Suisse to cut 9000 jobs to curb losses https://link.socalmultifamilybroker.com/AovM

Rents in the US are finally set to decline https://link.socalmultifamilybroker.com/Aq3_

Orange County

9
Closed Sales Last Week
37
Closed Sales - Average Days on Market
$1,983,222
Closed Sales - Average Sales Price
2
Transactions Sold At or Above Asking Price
6
Financed Transactions Last Week
3
All Cash Transactions Last Week
8
2-4 Unit Transactions Last Week
1
5+ Unit Transactions Last Week
7
New Listings Last Week
4
Months of Inventory
193
Total Number of Active Listings
$660,368,833
Active Listings, Dollar Volume
4
Active Under Contract Last Week
2
Pending Listings Last Week
4
Expired Listings Last Week

Orange County Closed Sales - MikeLembeck.com


Absorption Rate: 3.71 months
Avg. Cap Rate: 4.44%
Avg. Gross Rent Multiplier: 14.95

Live MLS Link PDF Link


Southern California

7
Closed Sales Last Week
54
Closed Sales - Average Days on Market
$1,489,286
Closed Sales - Average Sales Price
3
Transactions Sold At or Above Asking Price
7
Financed Transactions Last Week
0
All Cash Transactions Last Week
5
2-4 Unit Transactions Last Week
2
5+ Unit Transactions Last Week
7
New Listings Last Week
4
Months of Inventory
125
Total Number of Active Listings
$248,266,596
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: 2.82 months
Avg. Cap Rate: 4.64%
Avg. Gross Rent Multiplier: 14.28

Live MLS Link PDF Link