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Open House 19 Larkfield in Bear Brand Ranch

Open House 19 Larkfield in Bear Brand Ranch

Open House 19 Larkfield in Bear Brand Ridge Open House Sunday December 4th noon to 4:00. Please come and see this beautiful home with 3520 sq ft and panoramic valley and ocean views. The price has just been reduced to $1,650,000. This home has four bedrooms each with its own bath and a huge bonus room. The ocean view is a “sit down” ocean view from the kitchen, family room and master bedroom. The community of Bear Brand Ridge is right on the border of Laguna Niguel and Dana Point and the community is gated. One of the bedrooms is downstairs and there are no steps from the garage thru the rest of the home. A pass through bar which serves both the living room and family room makes for a great party house. There are three fire places and and outdoor BBQ and serving area. Of course there is a three car garage and the pool table in the bonus room is for sale. Have a great weekend. Ron Buck 949-456-0505...

Housing Market Shift?

Housing Market shift?? To be or not to be? Many buyers are hoping that home prices are coming down. Are we seeing a housing market shift? If they are seeing anything to support that scenario at this time it is the normal seasonal pattern. The heaviest listing months are March, April and May. The peak inventory hits every August. Overpriced listings will either come off the market or reduce their price by the fall. When overpriced listing reduce the price and eventually sell it gives the appearance of falling prices. For Market Info Click Here. That being said, interest rates have been climbing since the election. Partly due to the shift of investor money from bonds back to stocks. Interest rates have moved from the high 3’s to the low 4’s. As long as the economy improves a quarter to half point should not be a problem but if the rates go up much more many buyers will be left in the dust and the market will slow down. Orange County and CA in general has some of the worst affordability charts right now. Only about 12% of the population can buy a median priced home. The last report I got from economist Steven Thomas, said to expect only a 2% appreciation in the housing market in 2017. That was before the current interest rate hike. To sum it up many of us are worried about the affordability ratio in our area and certainly if the rates go up a full point then we are expecting a HOUSING MARKET SHIFT with longer selling times and possible price drops. Buyers...