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My family's and my whirlwind couple weeks have come to an end just in time to prepare for Christmas and the New Year. Two weekends ago we were in Disneyland. This past weekend we made another trip down south for my son's final baseball tournament of the year in Huntington Beach. They got their butts kicked. They got a pretty gnarly draw playing the first game against the eventual tournament champions, and another team that was probably the 2nd or 3rd best of the 15 total teams. Regardless, It was exactly what we wanted for the boys, for them to be able to see and play against the top teams in and outside of California.
Real Estate wise we are seeing some interesting things happening as we head into the end of the year. We have 600 more homes active on the market then this time in 2023, and 250 more than 2024. So, more inventory to shop, but also not back to normal levels before 2020. We also have a three year high in demand for purchase applications, which we have been following closely in this newsletter via the positive purchase applications numbers.
Mortgage rates being able to get under 6.5% and remain under for a long period of time has been a massive boon and a bright light for home buyers on the sideline.
We've been tracking that as well here...see you next week!
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