Lead by the Orange County properties open escrow at best pace since 2007
When the National Association of Realtor’s Chief Economist Lawrenece Yun says the Spring of 2012 is bright and if trends continue we could see the best home selling season in 5 years the real estate industry listens, and escrow officers everywhere brace for the wave. Mr. Yun made the statements about the positive condition based on a large sample size of sales not only in California but nationwide. These trends have been predictors for future trends before they materialize which leads NAR to believe the rise in new real estate escrows and completed sales is here to stay. Even better news is the trend that this new data is “notably above the pattern from a year ago”.
California is the largest real estate market in the country and for times, as goes California. Ow break down the California real estate market into more of a county by county basis and other trends begin to emerge. Orange county is seeing a reduction in inventory and an increase in homes completing the escrow process and closing which means more qualified buyers are completing the process and become home owners. As was stated by Yun, our market can expect to see a “7 to 10 percent increase in 2012″
Real estate closing can still be a tricky and complex, as a California Department of Corporations licensed independent escrow company we are here to close your escrow one time with exceptional customer service at a competitive price. . If you have questions about how to hire Reliant Escrow feel free to contact us or have your real estate professional give us a call.