Jason Durik First Team Real Estate

The 2014 Forecast: The tug of war between overzealous sellers and buyers only willing to pay the perceived fair market value for a home will prevail for most of the year. Now that the housing market has been in recovery mode for some time, expect less government intervention, more tapering, and increased pressure on interest rates. This will ultimately cut into home affordability here in Orange County. Here’s the forecast: As more overzealous, overly optimistic homeowne...rs enter the fray and overprice their homes, expect the inventory to rise to about 8,500, peaking by the end of August. Demand will ultimately depend upon the number of homeowners who price their homes right according to the current fair market value. Year over year, the first half will be a bit slower and the second half a bit stronger as sellers adjust their expectations. With an increase in the inventory and a push by buyers not to overpay, expect muted year over year appreciation close to zero. The housing market will follow a normal housing cycle. The strongest demand coupled with a lot of fresh inventory will occur during the Spring Market, followed by slightly less demand and a continued fresh supply of homes in the Summer Market, then another drop in supply and fewer new listings in the Autumn Market, and, finally, all the distractions of the Holiday market will be punctuated with the lowest demand of the year and few homeowners opting to sell. The number of successful, closed sales will decrease slightly with fewer sales in the first six months and a marginally stronger second half of the year. There will be an increase in the number of move-up sellers. It is a smart tactic to move-up before interest rates jump higher. In time it will prove to be a very wise decision. The distressed inventory will remain low with a very similar level of successful short sales and foreclosures, representing less than 10% of the overall market. Equity sellers will continue to dominate the scene. Even with the last year’s increase in interest rates, expect interest rates to continue to climb as the Federal Reserve maintains its strategy to taper their involvement in purchasing bonds and mortgage-backed-securities. Their taper will be gradual and so will the increase in interest rates. Interest rates at about 5.25% should not come as a surprise. Copyright 2014 - Steven Thomas, www.ReportsOnHousing.com - All Rights Reserved

HAPPY NEW YEAR!! Now, what does that mean for Orange County Real Estate? First, let’s take a look back at what happened in 2013 in terms of the inventory, demand, expected market time, and distressed properties Active Inventory: The inventory increased despite unbelievable demand....Continue reading

It's a Brand New Year!!! Which means Brand new rules?!?! Big changes to what qualifies as a "Qualified Mortgage" If you don't know what the changes are or how they will affect you, that's where i come; I'm here to help! I'm here to assist you in your plans to buy or sell a home, and i work with a GREAT team to help, "leave no stone left un turned" Happy New Year!!!

Maybe next year you could win!

Having an open house This Sunday at 87 Via Ermitas, Rancho Santa Margarita 92688. It's a gorgeous 2 bed 2 bath upper condo in RSM, 1,000sqft. Hardwood floors, granite counters in the kitchen, and both baths. There are only 4 other homes within 15 miles at this price, and this one has the LOWEST HOA out of all of them. Hope to see some of you there tomorrow, it will be open from noon-4:00 P.M.

Enter here to win $5000, or $500! It's a contest we at First Team Real Estate are having for Christmas. Who doesn't like free stuff?? Also know that your info won't be sold or traded, so you won't have a ton of Real Estate agents spamming your; But I personally will contact you just to see what plans you may have to see how I can help if that's okay with you. I'm here to help, and good luck on the contest!!! Click Here to enter https://a.pgtb.me/LDHfFJ

Interest rates dropped for 10 straight years! Now starting to build back up. If your trying to get your foot in the door to a home your loan limit might dramatically decrees next year. Let me know if I can help you with your Real Estate needs.

Voted the Best in orange county for 3 years running! Just so you know who your working with.

I'll be hosting an open house till 4 today off Murilands between la paz and Alicia. Come check out the spectacular view out has of the saddle back mountains, not to mention the fully upgraded kitchen!

Just about everyone feels a little overwhelmed when shopping for their first home. After all, there are a lot things to think about: finding properties to view, arranging financing, making an offer, negotiating, finding a mover, the list goes on and on. It's enough to keep you renting! Please don't let the process scare you! I can answer all your questions and make the experience of finding and buying your first dream home an enjoyable experience.... Let's work together to make that happen. Please call or email me anytime.

A homeowner once asked me, "What's the most important quality to look for in a REALTOR?" What a great question! There are a lot of qualities you want in a real estate professional: A friendly, caring attitude.... Strong sales, marketing and negotiation skills. A track record of satisfied customers. An organized approached to taking care of all the details. A network of professionals. (Lawyers, contractors, movers, etc.) This list goes on and on. But if I were to choose one it would be this: Listening. A good REALTOR really listens to the client’s concerns and desires, so that the entire selling experience is quick, rewarding and trouble-free for them. So if you want to work with that kind of agent, give me a call or email. I'll listen, really listen, to what you want from your home selling experience, and then make sure that happens for you.