The strong U.S. economy is causing severe bond market volatility, impacting 30-year mortgage rates in California. Following a jobs report showing over 270,000 net job gains, mortgage rates have surged to around 7.2%. Despite rate-lock challenges, more listings have emerged, boosting home sales from 2008 crisis levels. South Orange County's median list price is $2,096,500, with a market action index of 62, up from last month's 60. Inventory has risen to 24. Although prices have dipped slightly, the market remains a seller's market, with only light downward pricing pressure expected.
Amir Vahdat | Broker Associate – MBA – CIPS
949-682-9090 @| amirvahdat@bhhscal.com |DRE#01819847
Berkshire Hathaway HomeServices California Properties
linktr.ee/amirvhomes
#amirvhomes #ocluxuryproperty #amirvahdat
