Orange County Mortgage
Brokers and California Realtors received good news recently when the CaliforniaAssociation of Realtors (CAR) released a new report which shows that home
values have consistently been going up for the last year and as of February,
the median home price for an average family home in California was almost
$335,000.
On The Right Track
The rise in home values
across California has been on fire over the last year and home values have seen
increases month after month for the last eight months and once February
arrived, home values were increasing in the double digits.
More Homeowners Listing Earlier
One reason why home values
have been going up across California is that homeowners in the Golden State
have been listing their homes for sale quicker than in previous years to take
advantage of the hunger for home inventory on the market today.
The C.A.R. report also shows
that sales of single family homes were at almost 420,000 units back in February
and this confirms Orange County Mortgage Brokers and Realtors feelings that the
Real Estate recovery in here to stay and on the right track.
More Demand For Higher Value Homes
Another great thing to see in
the Real Estate market, especially in Orange County is a higher demand for
homes that are valued over $500,000; the California Association of Realtors
report showed that demand has increased by as much as 31 percent for homes
valued over $500,000 and this is good news for Orange County Residents because
homes here are often valued at $500,000 or more depending on where the home is
located in Orange County.
To learn more about the
latest Real Estate news or to refinance your Orange County mortgage, contact
the experienced team of Orange County Mortgage brokers at Sun Financial Group
today by calling (949) 699-1950.
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