As the year draws to a close, I know we’re all getting caught up in the hustle and bustle of last-minute holiday shopping and preparing for family celebrations. But this time of year also offers a wonderful opportunity to pause and reflect on the moments that shaped 2024, while looking ahead to set our intentions and goals for 2025. Whether you’re thinking about new home dreams or simply preparing for the year ahead, I’m here to support you every step of the way.
Orange County 2024 Recap
The real estate market in 2024 was extremely voliatile. Between fluctuating interest rates, the Presidential Election, and periods of low inventory, it was a year that kept us on our toes.
Listing Volume for Orange County
Average Price for Orange County
Despite these challenges, Anvil Real Estate did not skip a beat! We graciously acquired various accolades, including the 2024 Best Real Estate Companies in all of Orange County!
What to Expect in 2025 |
After the New Year, reports are very hopeful for our Southern California Real Estate Market. Mortgage rate forecasts show a steady decline in interest rates through 2025 (see below).
Many buyers are waiting for interest rates to bottom out before making a purchase, but it's important to consider other factors, such as home value appreciation. In Southern California, home values tend to increase at a much faster rate compared to the national average.
In Orange County, home values typically appreciate by 5-8% year-over-year. This means you're gaining automatic equity on your investment over time. When weighing the decision to buy now versus waiting for lower interest rates, it’s important to balance the potential savings from a small rate decrease (usually around 0.1%-0.3%) with the long-term value gained from appreciating home prices. In most cases, purchasing with a slightly higher interest rate proves to be the better financial decision over time.
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Five ways to help your home recover from the Holidays
Now the hordes have gone and left you with happy Holiday memories and plenty of cleaning to do, it's an ideal time to prepare your home for the coming year.
Whether you now have a clothing surplus thanks to Santa, or the kids' toy box is spilling over, there'll be a few tasks to complete to get your home back under control.