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Great time to buy or sell! Lowest mortgage rates in history, tight supply, and high demand create a lucrative market. Contact us for a stress-free real estate experience.

Orange County Real Estate Newsleter: June 2020

Hi friends,

Does it sound crazy to say it’s a good time to buy or sell a home?

May numbers are in, and they’re showing it’s not just a good time to buy or sell — it’s a great time. Here’s why.

Across the country, home buyers are enjoying the lowest average 30-year mortgage rates ever recorded in Freddie Mac’s 50-year history of tracking the market. Now hovering at 3.15% for a 30-year conventional loan, today’s rates offer an extraordinary opportunity for buyers looking to score a deal.

There’s good news for sellers too. Supply of homes for sale has tightened after wary sellers put their listings on hold, and demand has risen thanks to great mortgage rates. High demand and low supply create a lucrative market for sellers. In fact, listings in Newport Beach and Laguna Beach sold for a greater percentage of their original listing price this May compared with May 2019.

At the Stavros Group, we are working hard as ever to provide a stress-free, safe and profitable real estate experience to our clients. If you’re looking to buy, sell or invest, please don’t hesitate to reach out with questions.

Talk soon,

Andy Stavros

andy stavros scaled

Andy Stavros

Andy Stavros is the renowned expert in luxury real estate along Orange County's prestigious coast. Andy stands out because of his extensive experience in national real estate firms and overseeing prominent commercial projects. With a nationally recognized sales record and exceptional skills, Andy and his team are fully equipped to assist you with buying or selling a premier coastal property.
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