As we enter the end of the 3rd quarter of 2013, we can safely say that the Real Estate market in Orange County is healthy and balanced. We have seen a correction to the madness we had been experiencing for the last 12-18 months due to pent up demand and incredibly low rates. As interest rates continue their steady climb, we are achieving an equilibrium between supply and demand that is rarely seen in Orange County. We are used to break-kneck swings in the market, steep climbs such as the period we just experienced, and deep and sharp drops as we experienced in 2007-2010.
What does this mean to home sellers and buyers right now? A little time to breathe and make proactive rather than reactive home selling and buying decisions.