How low can we go? 30 yr fixed at 3.75% with no fees...

[zovall]

I think it is just a demand/supply imbalance in these highly desirable areas. There are more people with the means to buy those homes than there are homes available.

 

[irvinehomeowner]

Unprecedented times that 2021-2022 period… Was there any other time in history many listings in select hot markets were going above list price by absolute dollar amounts of $100K-$300K? I’m sure for some it felt like chasing or buying a top back then. I was a skeptic myself at the time, but then again buyers in recent years have demonstrated greater strength from a proof of funds and income standpoint than the leveraged buyers going into 2008 Housing Crisis.

That's always been one of my points. Financial stability is a must if you’re purchasing a home.

The late aughts should have been ought not because my dog could have qualified for a mortgage.

It’s all relative and hindsight 20/20 because there were some peak ‘08 homes I should have bought and would still be happy with today. There were many 3CWG homes for less than $1m back then in the more desired areas of Irvine.

 

[OCtoSV]

I think it is just a demand/supply imbalance in these highly desirable areas. There are more people with the means to buy those homes than there are homes available.

Bingo. Cupertino aesthetically is nothing special and these are old homes but the schools are the most sought after , with Faria Elementary having scored a perfect 1000 API, and the centrality to jobs is second to none.