Renters Struggle to Find Shelter During Hot Housing Market
California’s housing and rental markets have been soaring throughout the COVID-19 pandemic, creating competition for renters trying to secure ...
Source: theepochtimes.com
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Low inventory of homes, pent-up demand create 'extreme' seller's market in Orange County coastal cities
Print In Orange County’s hot residential real estate market, multiple offers are commonplace and often come in well above the asking price. Valerie Torelli, founder of Costa Mesa’s Torelli Realty, recently represented a buyer who made one of 48 offers, according to the home’s listing agent, Fred Sed of Keller Williams, Irvine. Torelli recalled a weekend earlier this month when a house on Magnolia Street in eastside Costa Mesa drew “54 showing appointments in 15-minute increments where clients and agents stood in line. The house was listed at $999,900, and sold for $1.375 [million] wit...
Source: latimes.com