Home Prices are Still Holding up Above Last Year’s Level


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October 9, 2022

Good morning,

The housing market continues to soften under the pressure of higher mortgage rates. While home prices have eased over the last couple of months, they are still holding up above last year’s level. Combined with the highest interest rates in nearly a decade and a half, affordability challenges continue to mount for many.


If you have questions regarding the market, please reach out to me. I'm very happy to assist you. If you're thinking of buying or selling, there are incentives for both buyers and sellers. I'm happy to discuss those with you. 


Information + Updates

Did you know? In the second quarter 0f 2020, over 16% of all retail sales were online. Today that has eased back to 14.5%, still up from 10.7% in Q3 2019.(WSJ)


Did you know? In the second quarter 0f 2020, over 16% of all retail sales were online. Today that has eased back to 14.5%, still up from 10.7% in Q3 2019.(WSJ)


Did you know? Would you sell your home today if your mortgage was below 3%? Around 90% of mortgage holders have a mortgage interest rate below 5%, and two-thirds have mortgages below 4%. Most will not sell to borrow at 6.3% for a new home.....unless the asking price compensates for the increased monthly payment?


Did you know? Micron will invest as much as $100 billion to build a semiconductor-manufacturing campus in Clay, upstate New York (Just north of Syracuse, 4.5 hours drive from Manhattan), adding to a wave of chip-making plans in the U.S. as Washington tries to boost domestic manufacturing of those critical components. This will be the largest semiconductor-fabrication facility in the U.S., with production starting in 2024. Micron’s plan represents the largest private-sector investment in NY state history and would solidify New York as a global manufacturing hub. (WSJ)


Did you know? ARCHITECTURAL DIGEST posted their "55 most beautiful small towns in America" and I see a lot of COMPASS small towns…. 


Did you know? If you are concerned about high US inflation - a real problem - note that Turkey's inflation is 83%, Euro Zone 10%, UK 9.9%, Argentina 78.5%…


Did you know? Here is Condé Nast Traveler’s 35th Reader’s Choice Awards for Best Big U.S. City:

  1. Chicago
  2. Honolulu
  3. San Diego
  4. Nashville
  5. New York City
  6. Boston
  7. San Francisco
  8. New Orleans
  9. Washington, D.C.
  10. Seattle

Fall Festivities

OC Halloween Events


It’s time for ghouls and goblins to kick off the spooky season celebrations. Here is a list of annual Halloween events in Orange County fit for the whole family.


Check them out....

Interest Rates + Financial News

Is the Fed Going to Pivot?


Lead Analyst Logan Mohtashami discusses what the Fed might do under increasing pressure, as well as the latest job numbers and what’s happening with world economies.


Click to listen...


Real Estate News

The Home Price Correction Intensifies. What to Expect from the U.S. Housing Market in 2023.


As the data rolls in, it’s pretty clear that home prices are falling in many markets across the country. In some places it’s fairly sharp.




For Lease


There's a new property coming on the market in Emerald Bay with a massive views....


Call me for details!

The Emerald Bay Market

There are currently 2 active homes for sale in Emerald Bay

ranging in price from $7,495,000 to $37,800,000.

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Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
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