Orange County Housing Market Trends August 2024 & Property Tax Savings Tips

With mortgage rates dropping from 7.5% to 6.34%, many buyers are questioning if now is the time to act. Waiting for further rate cuts might be risky, as history shows that timing the market often leads to missed opportunities. Since 2020, home prices have surged by 47.1%, proving that long-term market participation can be more rewarding than attempting to time it. If you're considering a move, don't overlook California Proposition 19, which allows eligible homeowners to transfer their current tax base to a new property, potentially saving thousands. In this video, we’ll dive into how Prop 19 works and how you can benefit from it.

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Chapters:
00:00 - Introduction
01:31 - Orange County Market Report
02:59 - Transferring Your Property Tax Base