Time to Start Fishing
Our world changed dramatically just a few short weeks ago. It will probably never be the same as it was, and we may never be the same again, either.
We are finding, however, that we are resilient and our real estate industry is adjusting to our new reality. Take, for example, how we view homes. A whole new industry has sprung up to allow us to remotely attend open houses. What a great idea! This makes agents, sellers, and buyers all more efficient.
Real estate financing is also coming back to pre-pandemic interest rates. One of our clients just yesterday signed loan documents for a new conventional refinance loan at 3.0%, 30 year fixed rate! And that was a refinance of a previous refinance from less than six months ago.
Available inventory of homes for sale in Orange County is down about 30% due to so many sellers withdrawing their homes from the market. This appears to be a major reason home values are holding up.
About a month ago, (seems like forever!), I told you that it was a great time to be a seller due to the strong market, but also a great time to be a buyer because interest rates were so low. I also told you I was looking forward to seeing the Dodgers on opening day.
Well, I can’t do anything about the Dodgers, but I do see some real opportunities for both buyers and sellers in our “new world”
So call me if:
- You have a loan on your home at 3.75% or above-you need to refinance
- You or a family member have given any thought to buying-Incredible low rates
- You or a family member are considering selling-we have the tools you need in this market
OR
- You just want to talk about the Dodgers’ season that may never be!
We are available by phone 949-500-6365, email Frank@FrankDiLauro.com, Website www.FrankDiLauro.com, or Instagram FrankandSusan. Also, check for updates on our Facebook Business page, FrankandSusanDiLauroRealEstate.
