OC Housing Report, Just Listed & PH Garage Sale Tomorrow!

Prices are the result of the balance between supply and demand. The demand for single-family homes has been strong over the last 18 months. The supply of houses available for sale was near historic lows. However, there’s some good news on the supply side. Realtor.com reports: “432,000 new listings hit the national housing market in August, an increase of 18,000 over last year.”

There will, however, still be a shortage of supply compared to demand in 2022. CoreLogic reveals: “Given the widespread demand and considering the number of standalone homes built during the past decade, the single-family market is estimated to be undersupplied by 4.35 million units by 2022.”

Yet, most forecasts call for home price appreciation to moderate in 2022. The Home Price Expectation Survey, a survey of over 100 economists, investment strategists, and housing market analysts, calls for a 5.12% appreciation level next year. Here are the 2022 home appreciation forecasts from the four other major entities:
1. The National Association of Realtors (NAR): 4.4%
2. The Mortgage Bankers Association (MBA): 8.4%
3. Fannie Mae: 5.1%
4. Freddie Mac: 5.3%

Price appreciation is expected to slow in 2022 when compared to the record highs of 2021. However, it is still expected to be greater than the annual average of 4.1% over the last 25 years.

Bottom Line

If you owned a home over the past year, you’ve seen your household wealth grow substantially, and you’ll see another nice boost in 2022. If you’re thinking of buying, consider buying now as prices are forecast to continue increasing through at least next year.

Article By: Keeping Current Matters

IMPORTANT OCTOBER DATES
Oct. 11 - Columbus Day
Oct. 31 - Halloween

Knott's Scary Farm | September 16 - October 31
Knott’s professional “scare-masters” transform the old Berry Farm into Knott’s Scary Farm for another year of the world’s first, biggest and most famous theme park Halloween event! Every year all 160-acres of Knott’s Berry Farm are transformed into your worst nightmare with themed mazes, live shows, and scare zones featuring hundreds of free-roaming monsters.
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Tanaka Farms Pumpkin Patch | September 18 - October 31
Have you ever picked your own pumpkin right out of the pumpkin patch? Tanaka Farms is one of the only farms in Orange County with a REAL pumpkin patch! We offer lots of activities, from wagon rides to arts and crafts!
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Oktoberfest - Huntington Beach | September 19 - October 31
Eat, Drink, Dance & be Merry at Southern California’s BEST & Most DIVERSE OKTOBERFEST (voted by German World Magazine) with Oom-Pah-Pa Bands directly from Germany. Sample Imported German Beers, Bratwurst, Rotisserie Chicken, Hamburgers, Pork Sandwiches, Strudel, Pretzels & more. Guests can also enter the Beer Drinking & Stein Holding Contests, and of course do the Chicken Dance! Wednesday through Saturday are adult nights & Sunday’s are family day with Dachshund Races.
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Knott's Spooky Farm | Saturdays & Sundays September 25 - October 31
Enjoy the spooktacular Halloween season at Knott”s Spooky Farm, an event full of Halloween activities for kids ages 3-11. Little ghouls can trick-or-treat through Ghost Town to collect sweet Halloween treats. Fun Halloween-themed shows are in store. Guests of all ages can learn about the creepy crawly critters occupying Ghost Town”s Livery Stable.
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Irvine Global Village Festival | October 9
Annual festival representing cultures from around the world; international cuisine; kids' crafts and activities; cultural and religious exhibits; and an international marketplace. Immerse yourself in cultural displays, indulge in international cuisine, explore the International Marketplace and keep the little ones in motion with many activities.
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San Clemente Micro-Brew Fest | October 9
The San Clemente Chamber of Commerce will host the 10th Annual San Clemente Microbrew Fest, presented by Left Coast Brewing Co. This year, wine will also be introduced. VIP guests early entrance at 12p and general public from 1p-5p. Admission will include approximately eight (8) 4oz Microbrew samples, four (4) wine samples, food trucks and local band entertainment!.
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Farmakis Farms Craft Market | October 9
Family-owned Christmas tree farm and certified farmers' market located in San Juan Capistrano now offering a monthly craft market! Crafts, arts, handmade goods and one of a kind items! FREE to attend. Will be held the 2nd Saturday of every month.
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Carnival Colossal | October 14-17
San Clemente’s four-day Carnival Colossal and Food Truck Festival is offering thrill rides, games, food, a one-day Special Needs Resource Fair and two days of games of strength presented by the International Highland Games Federation.
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Silverado Days | October 15-17
Held each October, this community festival includes games, crafts, contests, rides, food and fun for the whole family. Featured contests include Featured contests include a Car Show, a World Amateur Arm Wrestling Championship, a Amateur Horseshoe Contest, a Pie-Eating Contest, a Hog Calling, a Baby Contest, a Men's Leg Contest, a Dog Show, a Chili Cook-off and much more!!
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Newport Beach Film Festival | October 21-28
Set in beautiful Newport Beach, a few blocks away from spectacular coastline and less than an hour from Hollywood, the Festival annually host several premieres and galas for a singular festival experience. This year's festival will be screening over 300 features and short films and welcoming over 500 filmmakers and 50,000 film fans to Orange County.
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Dinosaur Dash | October 31
Run for Education! A fund-raiser for the Tustin Public Schools Foundation, this year you can run and ride for education! The Dinosaur Dash features 4 events: 5k and 10k timed races for all ages, a 2k non-timed “Fun Run” and the non-timed 50k bike tour. After the race, there will be entertainment, a Food Court and Expo with games, activities and more. There's fun for the whole family.
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Halloween Events | October 31
Haunted Houses, parades, carnivals and much more! Events listed by city.
Halloween Events