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March 2024 | Platinum Living Realty Blog

Monday, April 8, 2024   /   by Bob Cowan

THE GOVERNOR OF CALIFORNIA SUGGESTS $12 MILLION TO HOUSE THE STATE'S DESTITUTE

In order to develop an estimated 46,000 housing units, Newsom's proposal calls for spending $8.75 billion over two years, building on a program he started last year to convert motels and other properties into dwellings.


SAN DIEGO: Encouraged by a substantial budget surplus and an abundance of federal  Epidemic relief funds,  Gov. Gavin of California Tuesday, Newsom suggested $12 billion to obtain more individuals encountering homeless people moving into their own homes and off the streets.


In Newsom's plan, $8.75 billion would be allocated over two years to establish an estimated 46,000 dwelling units, building upon a scheme he initiated to turn hotels and other businesses into homes last year. Almost half The funds would support housing in locations where individuals with mental Services for behavioral health and other difficulties can be obtained on-site.



Additionally, Newsom suggested allocating $3.5 billion for rental assistance ho ...

  bob cowan, your home sold guaranteed, platinum living realty, orange county, california, southern california, april 2024, march 2024

Monday, April 1, 2024   /   by Bob Cowan

2024 REAL ESTATE MARKET FORECASTS FOR ORANGE COUNTY

Our Orange County home market estimates for 2024 are listed below. Perhaps you're wondering what your possibilities are for buying or selling a house in the upcoming year?




We have a solid understanding of the local market and are among the best OC Realtors, so we can predict how things can develop in the upcoming year. Predictions should, as always, be taken with a HUGE grain of salt! The winds can suddenly shift. (Recall 2020?)




Thus, they represent our most educated projections of the Orange County real estate market for 2024 as of the end of 2023. We'll talk about Orange County real estate prices, sales, and mortgage rates. Now let's get started.




Mortgage Rates: A Turning Point Toward Homebuyers in Orange County




Mortgage rates are predicted to drop in the US and Orange County's real estate market in 2024, providing comfort to purchasers who are having trouble affording their homes. Even though homes in Orange County might be among the most ex ...

  bob cowan, your home sold guaranteed, platinum living realty, orange county, march 2024, southern california

Monday, April 1, 2024   /   by Bob Cowan

HOUSING MARKET FORECAST AND TRENDS FOR ORANGE COUNTY, 2024

Tucked away in the center of Southern California, Orange County is well-known for its stunning beaches, varied neighborhoods, and strong economic growth. The Orange County home market is vital to the region's entire real estate scene, since it is one of the most sought-after locations for both locals and visitors.


For anyone wishing to get into the real estate market, it is imperative to ascertain whether Orange County is now experiencing a buyer's or seller's market.  The most recent month-over-month decline in sales can indicate a change in the market in favor of buyers, providing prospective homeowners more negotiation leverage. Nonetheless, the consistency of sales from year to year suggests that sellers are still in a dominant position in the market.


Orange County is a desirable area to live, work, and play because it offers a mix of charming coastal communities, suburban suburbs, and busy urban hubs. The county provides its citizens with a wide variety of facil ...

  bob cowan, san clemente, orange county, california, march 2024, april 2024

Friday, March 29, 2024   /   by Bob Cowan

STYLE AND ACCESSIBILITY IN THE SOUTHERN CALIFORNIA MARKET

STYLE AND ACCESSIBILITY IN THE SOUTHERN CALIFORNIA MARKET

Although CEOs and consumers are a little more upbeat about the economy, housing prices are still unabatedly high.
In the Southern California real estate market, availability and affordability are still crucial terms. Many homebuyers would probably still face difficulties in 2024, according to a new analysis from the California Association of Realtors (CAR).

The analysis pointed out that although inflation is slowing down much more slowly than anticipated, interest rates may yet continue to decline.
The Labor Department's report on Tuesday, as reported by the Associated Press, indicated that the consumer price index increased by 0.3% in January compared to a 0.2% increase in December. Prices have increased by 3.1% from a year ago, which is less than the 3.4% increase in December and much less than the 9.1% inflation peak in the middle of 2022.
As to AP, the most recent figure remains far higher than the Federal Reservee ...

  bob cowan, your home sold guaranteed, platinum living realty, orange county, march 2024, southern california

Monday, March 11, 2024   /   by Bob Cowan

THESE CITIES HAD SIGNIFICANT DROPS IN CALIFORNIA PROPERTY PRICES

LOS ANGELES: If you're a prospective homeowner searching for a decent deal, we have some excellent news! 

Realtor.com data indicates that although national home prices increased 0.3% year over year in February to a median of $415,000, there are certain markets where prices are declining.


"Many of the [home] listings that are coming up for sale are in more reasonable price ranges," stated Danielle Hale, Chief Economist at Realtor.com. "When you have more affordable listings coming onto the market, it’s also going to push down the overall price."

Miami saw the biggest price reductions, according to the statistics, with the median home list price dropping 8.2% year over year to $550,000 in February.  In the meantime, as compared to the same month last year, the number of residences for sale in the metro increased by 37.4% in February.

The top 10 included two cities in California. San Francisco's prices trended down 1.3%, whereas San Jose's (#6 ...

  bob cowan, platinum living realty, california, march 2024

Platinum Living Realty
Bob Cowan
120 Newport Center Drive
Newport Beach, CA 92661
949-441-9918
DRE# 01970237

Based on information from California Regional Multiple Listing Service, Inc. as of June 14, 2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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