Tony Dove's Newsletter

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Tony Dove's Newsletter - The Orange County Housing Report Sent Tuesday, February 8, 2011 Good Morning - Minus the artificial stimulus of the housing market by the first time buyer credits of yesteryear, it appears that Orange County has begun a normal annual housing cycle. The distractions of the holiday and year end activities and New Year ramp up are behind us, and as we enter the beginning of the spring market, demand and inventory are increasing, while the expected market time is decreasing for most price ranges. Over the last two weeks our active inventory […]

Tony Dove's Newsletter - The Orange County Housing Report Sent Wednesday, January 12, 2011 Good Morning and Happy New Year! This is the slowest time of the year for the Orange County housing market. The slow cycle typically last into the first few weeks of the new year. It is a great time of year for buyers and sellers alike to position themselves for the spring selling season which typically begins around mid-February. We start this year with better-informed buyers and sellers, no government programs, and low interest rates - a mix that should provide us with a […]

Tony Dove's Newsletter - The Orange County Housing Report Sent Wednesday, December 15, 2010 Good Afternoon - The Orange County housing market is entering the slowest time of the year, with anticipated decreases in the active inventory and in demand. The slow cycle typically last into the first few weeks of the new year. The real story over the last two weeks is the half a point rise in mortgage interest rates, an increase that will add about $120 to the mortgage payment on a $500,000 home, causing budget headaches for soon-to-be homeowners, and loan ratio headaches for […]
Tony Dove's Newsletter - The Orange County Housing Report Sent Saturday, December 4, 2010 Good Evening - The holiday season is here. As people refocus their attention to family and friends, the Orange County housing market typically maintains a slow-but-steady pace. Our market has changed little in the last two weeks. Over the last two weeks our active inventory has decreased by 315 homes to a total of 10,836 homes for sale. Demand has increased by 21 pending sales to a total of 2,693. Our expected market time decreased from 4.18 months of inventory two weeks ago to […]

Tony Dove's Newsletter - The Orange County Housing Report Sent Wednesday, November 17, 2010 Good Morning - As is typical of the Orange County housing market at this time of year, our inventory is decreasing and so is our demand. As we enter the last half of November, and our holidays in earnest, many buyers and sellers will step back and regroup in order to take full advantage of 2011's selling season. Over the next two months, as the 2010 sales and associated data anomalies wane, many buyers and sellers will realign their expectations to be in harmony with today's […]

Tony Dove's Newsletter - The Orange County Housing Report Sent Thursday, October 7, 2010 Good Morning - It is officially the autumn market, and the listing inventory is finally on the decline. And, although demand typically declines at this time of year as well, it has instead increased in the last two weeks. Maybe buyers are beginning to take a more serious look at the low mortgage interest rates. Over the last two weeks our active inventory has decreased by 88 homes to a total of 11,804 homes for sale. Demand has increased by 66 pending sales to a total of […]

Tony Dove's Newsletter - The Orange County Housing Report Sent Tuesday, September 21, 2010 Good Morning - The autumn market is underway, but with an interesting mix of circumstances. The anomalies created by the tax credit continue to influence our market. We have a growing inventory that contains an unhealthy number of overpriced homes and demand that is tracking below the demand we experienced a year ago at this time. We also have historically low interest rates that have significantly increased buyers' purchasing power. It will be interesting to see if the low […]
Tony Dove's Newsletter - The Orange County Housing Report Sent Thursday, September 9, 2010 Good Morning - Summer is unofficially over, and schools are back in session. The Orange County housing market is following a normal pattern for this time of year, and demand is currently mirroring 2008. The growth in our inventory continues to slow and mortgage interest rates continue to drop. Over the last two weeks our active inventory has increased by 67 homes to a total of 11,717 homes for sale. Demand has decreased by 109 pending sales to a total of 2,893. Our expected […]

Tony Dove's Newsletter - The Orange County Housing Report Sent Tuesday, August 24, 2010 Good Afternoon - Summer is winding down, autumn is fast approaching, and the Orange County housing market is following a normal pattern for this time of year. The growth in the active inventory has slowed, but still has not reached a peak for 2010. The number of homes pending sale has increased, but remains 504 less than last year at this time. From here, we can expect that equity sellers (those who have equity in their homes) will begin to remove their homes from the market and […]
Tony Dove's Newsletter - The Orange County Housing Report Sent Sunday, August 8, 2010 Good Morning - It appears that we may be approaching a peak in inventory levels for this year. During the last two weeks, the inventory increased by 319 homes for sale - the smallest increase in the past three and a half months. Demand, too, appears to be returning to a normal pattern with an increase of 102 pending sales over the last 30 days. Short sales (when a home is sold for less than is owed on it) remain the Achilles heal of the Orange County and national housing […]