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How is California a Seller’s market? Is it Suitable for Investing in Real Estate?

How is California a Seller’s market? Is it Suitable for Investing in Real Estate?

The housing inventory and increased interest rates fuel the need among California’s homebuyers. It is mainly among the prospective ones. It also creates an imbalance in the demand and supply that heats the homebuyers’ market and invites higher market prices than usual ones.

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This can be said as per rates during April 2022, when almost 72.8% of houses sold are above the general asking price, creating another record. This leads to a major affordability problem and an increase in the price of houses, it slows down the rate of appreciation for potential home buyers. At present, homes are being sold at near-record rates within a short span in California.

California Housing Supply of The Current Year

  • The housing supply scenario has changed from 2021 to 2022 but tightened due to rising house demand in August 2022
  • The state’s unsold inventory index has increased to almost 2.9 months during August 2022 from 1.9 months last year
  • The improvement is mainly due to an increase in supply and the weak demand
  • The index shows the duration it takes to sell a home in the market at its current sale rate

These are vital considerations when planning to invest in real estate in California.

It is further seen that annual home prices and monthly growth in the housing market accelerated in August in California. In addition, there has been a massive increase in sales, showing ways for a temporary decline in the mortgage rates that makes a favorable lending climate. The sale paced up by 6.1 per cent from 295,460 and went down to 24.4 per cent from a year back when homes were sold annually. As a result, the home prices became stable around August, and the medium price increased yearly and monthly, but at a slower rate than earlier. 

Investing in California Real Estate can be Beneficial

  1. California investors find real estate a potential field due to its strong economy, geographic diversity, and excellent investment options.
  2. Regardless of the price real estate offers, California creates plenty of opportunities and makes real estate investment scope for significant returns.
  3. The economy mainly consists of a range of industries with agriculture, health, financing, manufacturing, and technology
  4. California is a place with options for rental properties with stunning ocean and beach views and weather to invest in real estate.
  5. As per statistics, California is one of the most thickly populated states as of 2019, with 39.6 million residents. It was almost 12% of residents of the United States
  6. The state’s steady population is important for stable economic growth and offers opportunities for a suitable business foundation in the areas. It proves that the state has a good source of real estate and is one of the desired investment options for potential investors.

How can you earn from a California property?

It increases cash flow and makes it worth investing in California real estate. Rental properties can increase the owners’ income regardless of the time spent in the state. The investors will help arrange for a monthly income, which can be used to pay a mortgage.       

The property tax in California is taken from the cost price of the property. It indicates that when you buy the home, the assessed value is the same as the property’s purchase price. It is essential to get the right assessed value of the property so the investor can decide on whether to invest in it.   

Real estate investment strategies

California’s real estate market mainly attracts investors based on geographic diversity, great investment, and a strong economy. But opportunities also come with challenges, and one should be aware of both benefits and drawbacks before investing.

  • Fix and flip properties

You invest in a property assuming that it is undervalued. Then you renovate it and sell it.

  • Rental Properties

If you are an investor in California, try to invest in income-generating properties for better outcomes in the years to come

  • Wholesale properties

Try to locate distressed properties or left unsold for a long time. You may have the chance to buy them at a low price or resell them faster than others.  

Key points of California real estate trends

Before settling for investing in California real estate, it is better to get an insight into the current market trends. Being aware of the pros and cons will help you make a suitable decision on which way to invest for suitable returns in the coming years.

Low affordability rate

If residents plan to put in a major part of their income for housing, it may not be affordable. California is an expensive place to live in due to its cost of living. Without options for affordable housing, it may be challenging for low-wage workers to invest in real estate or become a renter for a long time. If you want suitable returns from investing in real estate, make informed and timely investment plans.      

Lack of inventory

Local state policies will not allow urban extension for house developments. It is one of the primary reasons for the low affordability of houses in areas of California.  

High demand for rental

As home rates are high in and around areas of California, a large percentage of people have to look for rent. Moreover, there is a low source of inventory, there is high demand for housing rates.     

Given these factors, one has to look for the best options before investing and its current trends. This is what specialists like Stanley Bae focus on for investors.

California has the largest economy – Let’s find out how

California is considered the 5th largest economy. It is mainly due to the dynamic condition of the real estate market in Los Angeles. It is one reason to contribute to massive economic growth over the years. It is also the entertainment capital and a hot spot place for real estate investment, with pleasant weather around the year. Check the latest trends and rental demand in a particular area before you invest in California real estate.

Find Out the Latest Condition of the South California Real Estate Market from Stanley Bae of Orange County

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Do you wish to invest in real estate in South California? The market has grown and has come up with better opportunities now. However, before you start with the investment plan and want things to be on track, there are certain things to keep in mind. It will assure of positive return from investment in a quick time.

What do you understand about investing in California?

Investing in real estate can be for sole investment purposes or living in. It can be like investing in commercial property, raw land, or residential areas. South California is considered one of the best investment options due to its diverse economy. There are state vulnerabilities such as the chance of fires and earthquakes and political factors like budget cuts and unemployment. But then, the growing and changing trends in the market can guide you better to go for the right option when it comes to real estate investment in South California.

Orange County’s housing market is changing – Let’s see how

As per sources, the real estate market in Orange County is changing. Though mortgage rate and scope of inventory have grown, home prices have stabilized, and the agents are welcoming change in the pace of the real estate market, with few buyers. The spread of the pandemic has most impacted the market. But it is seen that potential buyers are gaining trust in the market and trying feasible options to invest in California.

Understanding the Real estate market in Orange County

It is one of the iconic counties in America, it has lots of parks and beaches and warm weather to welcome. It was in 2021 when the median price of houses in Orange County increased by 15.7%  to almost $920,00. At the same time, home sales have dropped by 13.6%. The reason behind the rising California home price is the lack of inventory, which will suggest an increase in housing prices and will continue to rise.

The rising home rates and high cost of living posed some challenges for potential buyers and resulting in the following:

  • Of most South California regions, Orange County is the lowest affordability index, measuring the percentage of families who can afford to invest in a home
  • Homeownership had steadily declined from 2007 with 62.7% to 57.1% when analysts believed that it was a sign of recovery from the recession
  • Even the homeowner’s rates are increasing from 2024 to 2025, and this is what experts like Stanley Bae focus on

Given the scenario of 2022, the home price will continue to rise at a fast pace. As there is an increase in the home rate, the competition will come down. Experts are also surprised to examine the tremendous increase in how long it may take to sell a home. Therefore, one should plan for investment in the market as per the current trends in real estate.

What Orange County Real Estate Market forecasts for buyers in 2022?

The bygone years have been tough for home buyers. Given the present scenario, experts like Stanley Bae of Orange County suggest how, after fierce competition, investing in real estate can become easier in 2022. Let us look at the following reasons.

  • More listing options

The property listings have been rising after the second half of 2021 and will move at a definite pace in 2022. With this, buyers have less pressure in the market with more options that are pushed out for the potential scope of the sale.

  • Less of competition

The pandemic has reduced the hype of home buying, giving some time to the buyers to settle and evaluate the market closely. Moreover, there is less competition in the market, and buyers get more time to think and consider the budget to invest in California real estate market.

  • Price increase levels out

The Orange County 2022 forecast predicts an increase in the price of the property. But side by side, it is happening slowly compared to 2021. This is how it has become affordable for buyers to invest in property in South California.

Will buyers keep paying more for a home in 2022?

In 2021, it was seen that buyers are willing to pay more than a home’s appraised value. As a result, the borrower’s mortgage will depend on the property’s appraised value but will have high demand and low inventory.

However, as per predicting forecast for the current year, the demand may slow down, and the need to pay more than the appraised value of the property will no more be needed. This is a good sign for the borrowers. However, paying more than the actual price isn’t a good practice, and you should judiciously plan for your investment, keeping in mind the return to expect in the years to come.

Is 2022 a good year to buy a home in Orange County?

This is something that most home buyers are looking for when planning for home buying in the current year. Inventory will be high, indicating price could be flexible. Some buyers will be priced out who can buy a home buy are afraid to invest due to the competition. So, given this condition, the investor should consider the market thoroughly before they wish to invest in Orange County.

The loan limits are also increasing, making it easy to invest in a home with a small range of down payment. In 2021, the conventional loan limit increased to 2022. With less competition, there will be scope for new buyers in the industry who are willing to invest in real estate in South California.

Wrapping it up

2022 will continue to see an increase in the price rate with a low-interest rate and great demand for real estate in Orange County. Buyers will have a better experience choosing a loan scheme and the property they wish to invest in. With the idea on the market, it will be easy to explore mortgage options and choose the suitable one.    

Know The Top Real Estate Investing Tips With Stanley Bae In The California Market

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The real estate market trends are evolving in California, and potential investors can take the right investment decisions. But it is important to know the market’s current condition and analyze the location before they wish to invest. It should give the investor a fruitful return from the investment in a quick time in California. Stanley Bae notes how real estate prices have increased in the past years.

Tips to follow for a better outcome from the investment

1. Put finances in order

Taking care of your finances before investing in real estate is essential. Figure out how much you can invest and where to start. Once you have the range, there is no point in looking outside the range.

2. Stay informed about the trends

Do the research property, and you should know the latest trends. It mainly depends on the area, the district place, and the growing and declining areas. It will give suitable one to go for the right area to invest in and get reasonable returns in years to come. Real estate investment is about knowing the facts and being informed, which Stanley Bae of Orange County, California, focuses on.

3. Searching for the best agent

It is better to look for an agent with a better experience in the field so that the person can guide adequately. You can go by the investment tips of Stanley Baeto shop around and get the best options available. The agent should understand the investment right and know the difference between getting suitable returns from it.

Finding the right spot

You have to decide whether you want to buy or rent a space or resell it. Depending on this and your investment plans, you have to go further. If you are decided on a property, such as a multi-family property, and want to rent it, don’t waste time looking for other options available. Instead, look for the available deals and go for the best deal only after comparing the available rates in the market. It will help you focus on and stick to the right investment plans. 

Look for the right location

You must have heard about it before, and it is important. It may sound cliché, but the rest of the steps in the investment will depend on the location. Check the online details, the crime rate, and the direction of the neighborhood. For this, it is better to invest in an established one and look for upcoming project options as well. It should help you conduct the research thoroughly.

Are you looking for realistic offers?

Yes, it is important to look for realistic offers. Research similar home options sold recently to know what their rate could be. Try to stick to the budget that you have decided or adjust a little with it. The investment should be as per the rental value and potential of the property. However, the home value may not be the same as the rental value of the place. So, it’s better to check it and invest only when you know there is suitable cash flow for the process. 

Don’t take up too much that you can have

It is easy to get distracted by the great places that are available in the market. But you should go for the one that you can afford. Real estate deals aren’t as great as they seem to be. So, it’s better to go through its detail and cross-check them before you invest in it. This is what Stanley Bae of Orange County, California suggests doing.

Finding a suitable home inspector

A reliable and expert home inspector can help you find the right house. The person should be able to find the actual condition of the house and look for repairs and renovation required before you decide to buy the house. In addition, a good inspector can reduce the chance of any future nightmares regarding property investment in Orange County.

Check the South California Housing Market

As there are a lot of changes in the housing market, the markets are softening and seeking affordable options. This is how California brings more practical options. The state’s economic level is already high. Moreover, the state’s housing market can be expected to cool down by the coming 2020. The first of the countries to experience some decline in price is Orange County. By combining this with the prevailing market price, there can be a chance of sustained prices in the coming months. The inventory levels are picking the housing markets, and these aren’t as strong, which is good news for home buyers. As a result of the rise, the supply will relieve price pressure.

So, even when houses remain in the market for a long time, the inventory will be tight comparatively. Regarding this, there has been a 24% rise in property market prices in Los Angeles compared to last year. You should go through the details of the property listings before you wish to invest in real estate property details. This will be useful to gather ideas better about the market trend and go for the suitable one.

Additional tips for buying a home in Orange County

Try to search for the properties as soon as they hit the market. This will help you know the value of the properties better. Once buyers can get hands-on with the must-have property options, they can easily invest in the right option. The potential buyers are mostly in search of ready-to-move properties. Compare the rate of the available properties, giving you a suitable idea of getting the right one. Home buyers should find time to check the available properties. As several options are available in the market, one can take help from an agent to go for the right one. Buyers need to figure out the potential option in the market, check the competition, and invest in the right one in Orange County, South California. This is how potential buyers can get suitable returns from investing in online property deals.

Changing Trends and Growth in the Real Estate Market in South California

California is a growing hub for the real estate business and is seeing improvement in the sector after 2022. In this regard, Stanley Bae of Orange County, California, states the difference between the growth of luxury sales in the state with ongoing population distribution California is set to face evolution shortly. This is where the real estate market has seen an improvement in luxury home sales during 2022. It depends from one city to another, and people from different classes in California seek homes of various ranges.

Let’s focus on the trends affecting California’s real estate market.

Is the possibility of more sales of luxury property?

Despite the ongoing problem of the pandemic, there is a change in the record with more sales in the luxury home that are evolving in the markets of San Diego towards Santa Barbara. Besides, the trend has accentuated the demand and seems to bring in profit for the real estate property investors.

What are the predictions for real estate in California in the current year?

California luxury property sales market is growing and coping with the year’s trend to becoming the hottest in the US market. Due to problems with supply constraints and increasing home prices in California, resulting in lower home sales in 2022. One should focus on California’s property dealings and conditions before investing in it.

  • As per reports for 2022, the single-family home sales total almost 416 800 units. It is almost a decline of 5.2 per cent from the previous year’s result, which was nearly 439, 800
  • California’s home price has risen to almost $834 400 by 2022. In addition, there has been an increase of nearly 20.3 per cent, reaching $793 100 in 2021. 
  • Therefore, house affordability is expected to come down to 23 per cent in the coming year from a rise of almost 26 per cent in 2021.

The latest market forecast shows a 5.2 per cent decrease in the single-family sale in the coming year to almost 416, 800 units and has depreciated from 439 800 units in 2021. However, as per the report for 2021, it is nearly 6.8% more than 411, 900 households sold in 2020. California realtor association shows how gross domestic product expands by 4.1 per cent by 2022, and it happened after a 4.6 percent rise in 2022. It is further seen that the 30-year fixed mortgage rate will increase to 3.5 per cent, which has been 3.1 per cent in 2020 and 3.0 per cent in 2021.

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What has come up due to summer market trends in California 2022?

The realtor association of California gives an updated real estate market report to show the data that reflects the changes during June 2022. The information demonstrates how the market cools down with a decline in home sales compared to the previous years. However, it can be good news for prospective home buyers. This further indicates that prospective buyers don’t have to face competition when they plan to invest in homes in 2022.

Per market trends, 344, 970 single-family homes were sold in 2022, which shows a decline of almost 8.4% from the previous month. Moreover, it is a massive decline of 21% from the past years. The trends show how the real estate scenario cools down from its frantic phase during 2021. 

Tips to follow to invest in Orange County Real Estate

When investing in real estate in Orange County, one should be aware of the following tricks. Knowing about the latest real estate market trends can make things simpler and investing in the right option. Choose the property in such a way that you can double your money after some years. It is where the following tips can guide you right for the best results.

  1. Manage your finances right

Determine how much you can give as a down payment and what you can spend. Once you get your limits, it becomes easy to invest. Don’t waste time looking for options outside your range.

  • Stay updated

If you are updated about what’s going on in the market, you need to do some research. Find out the areas that rent the best and how they are declining or growing in its price. This finds the best investment options and informs one about the essential facts to invest in the right option.

  • Shop around for the best option

You can hire agents who have better knowledge about the market and can inform you on how to invest in California real estate. This is you need to hire an expert agent who is reliable and has an understanding of terrible liability and a significant investment. After that, the investment moves around finding the right facts and investing in the right place.

  • Don’t want more than you can get

You may get distracted by a great place. But you have to consider whether you can afford to live in it. With this, you can be in great trouble. However, the real estate deals are good to invest in if they are within your budget and can give you good returns. Don’t forget to do a financial and physical evaluation of the property and not get stuck with something that you cannot afford to have to resolve later on. You can expect this from specialists like Stanley Bae of Orange County.

  • Location is a primary factor

You can get most of the details online; location is a primary one in these. Depending on this, you have to decide on whether it would be a suitable real estate investment. Check online information about school districts, crime rates, and other relevant details. You can invest in upcoming areas but don’t forget to search for them before investing. This is where an agent can guide you right for the best results.

These vital points can guide you with the right investment plans and help you get better returns after years. Try to go for realistic offers only by comparing homes and investing in the right option.

Top Places to Visit and Foods to Try in Orange County During Winter

Traveling is both a physical and mental satisfaction that drives travelers away from the daily humdrum of today’s bustling life. It’s a rejuvenating and refreshing experience for people who need a break from their hectic schedules.

Winter is the most excellent time when people plan to book their trips far and wide. Whichever time you consider, without treating your taste buds with the place’s local cuisines traveling remains incomplete. On this note, here’s a guide to the top places to visit during the winter.

Is It Worth Visit The Orange County in California?

If preparing a voyage in California, plan your California trip by understanding a few things. Orange County is the most celebrated place that witnesses a lot of tourists from far and wide. If you plan to visit Orange county, take advice from Stanley Bae of Orange County. This motivated and forward-thinking entrepreneur in Orange County is a lover of food. Stanley recommends every traveler to visit Orange County during the winter times.

The most excellent time to visit the place is between December and February. Experience Mother Nature in the most natural attire during the winter season! Don’t worry; you won’t get snow or ice in this region during winter. The region’s warmth is excellent to impress you. While winter is not a perfect time to chill near the ocean, Orange County gives you an option for outdoor recreation.

Newport Beach and Crystal Cove State Park are hidden gems for all hiking enthusiasts. Here’s enlightening you on these trips.

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#1 Newport Beach

Excitement and fun are easy to find when in California. If you are interested in a weekend away or a day out, include Newport Beach in your itinerary. From romantic dining destinations to family-friendly trips, the region serves it all. Check out the highlights around Newport Beach & immerse in the memorable adventure with your spouse, family, or friends.

Visit Balboa Island, which offers amazing opportunities for snacking. The famous foods you can try out are chocolate-dipped berries, salt water taffy, and beef hot dogs. Choose your favorite toppings and enjoy the taste of these local munchies. The famous treats are twice-dipped in dark chocolate, chocolate, cherry dip, or peanut butter and rolled in toppings such as crushed nuts, sprinkles, or even cookie crumbles.

Want to enjoy Whale Watching? Visit Newport Beach as it’s popular for year-round whale watching. From December to April, witness the gray whale migration. If you wish to visit during the summers, discover killer whales, blue whales, and finback whales from May to November. It’s a great spot for dolphin watching too.

You can also shop at Lido Marina Village – your one-stop destination for boutique shopping at this point. Choose designer swimsuits, upgrade your travel accessories, shop for fine jewelry, and have loads of fun here. Visit the Sherman Gardens for breathtaking sights and scenic walks.

#2 Crystal Cove State Park

Want to experience the fullest beauty of California’s coast and picturesque views? If yes, consider paying a visit to Crystal Cove State Park. Situated in gorgeous Orange County, it has it all. Besides natural seashore, it has beaches, tidepools, wide-open spaces, and towering bluffs for epic camping and hiking. 

These gorgeous beaches stretch over 3.2 miles of coastline. The whole park is enormous and isn’t limited to just coastlines. Located directly on the Pacific Coast Highway between Laguna Beach and Corona del Mar, it is quite easy to access. It’s a perfect destination for day trips and weekend getaways!

You can rent a Crystal Cove cottage. It’s so astoundingly charming and beautiful that even locals plan out a trip out here. Some cottages get used for visitor services, community outreach, and educational programs. They are located on the beach itself. And everything from studios to one or two bedrooms and dormitories are included.

All in all, planning a trip to Orange County during the winter is an amusing affair. You can plan your trip and get a taste of local cultures during the time. Experience local people immersing in their rituals in Newport Beach Christmas Traditions held during the season. Other events you can experience include Fashion Island’s Annual Holiday Tree Lighting Party and Lighting of the Bay at Newport Dunes.

Enjoy occasional snowfall during the time. Pack a pair of boots along. Get a taste of red wine and wood fire with your friends and family. Are you looking for outdoor adventures? Never miss out on trying mountain biking. Visit Mount Canobolas and Lake Canobolas to enjoy these intriguing activities.

What Foods to Try When In Orange County?

Besides traditional pizzas, pasta, and sandwiches, there are killer food items around the world you possibly don’t know about. If you consider yourself a voyager and explorer from the inside out, you must try out these revered foods. Stanley Bae recommends the following food items to one and all when in California. So, if you plan to visit Orange County in California recently, please treat your taste buds to these food items.

  • Ramen Burger
  • Ramen Burrito
  • Fish Tacos
  • Mac & Cheese
  • Sushirrito
  • Burrito

Being in Orange County and not treating your taste buds with these foods would only make your trip unjustifiable. Orange County’s restaurant scenarios are becoming more prominent lately. With the growing demand for dining out, restaurants in Orange County are emerging at lightning speed. If you want to be a part of the new food revolution, please book your tickets to Orange County.

After everything else

The city has an international airport –John Wayne Airport. It’s connected to around 20 cities around North America. If you want to plan a weekend getaway from Los Angeles, you can take a car and travel to the city. Besides Uber and public transport, local taxi services are also available for rent. So, now that you have prepared your mind to plan a trip to Orange County, list out these aforementioned things and taste these dishes when in the city.

What is the Best Time to Visit Orange County, California?

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Orange County, California, is perfect for visiting during all four seasons. It offers the perfect combination of sandy beaches and mild-year-round temperature. But still, the best time would depend on your interests. From having the best experience in luxurious spas to enjoying surfing, it has a lot to offer travel enthusiasts.

Winter time – months of December, January, and February

When visiting Orange County during this time, you can enjoy its beauty to the fullest. If you are bored of snow and icy cold regions, the warmth of this place would be great to visit. Though winter isn’t the right time to chill in the ocean, there are options for outdoor recreations. In this, Crystal Cove State Park and Newport Beach are the best for hiking.

The annual events such as Newport Beach Christmas Traditions are worth visiting during this time. Other events include Lighting of the Bay at Newport Dunes and Fashion Island’s Annual Holiday Tree Lighting Party.

You may experience occasional snowfall during this time, so it is better to get your boots along. Enjoy the wood fire and red wine with family and friends. If looking for outdoor adventures, don’t miss trying mountain trail biking or visiting Lake Canobolas and Mount Canobolas. Walking amidst bush in locations like Ophir and Federal Falls would be perfect for enjoying the beauty of the winter in Orange County.

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Spring Season – Months of March, April, and May

Are you looking for a quiet gateway with a fantastic gateway to enjoy Orange County in its full glory? In that case, spring is the secret season when temperatures remain between 50 and 60 degrees. If hiking is your favorite outdoor recreation, there are several options for having a splendid time.

Stanley Bae suggests trying the fantastic cuisine from around the world. It has almost everything you crave, from global cuisine to authentic American eats and others. So, don’t miss trying the Newport Beach Restaurants. There won’t be a huge crowd outside the eating joints.

The sign of spring arriving is one of the romantic scenes to witness here. The pleasant temperature gives rise to blossoming flowers with mesmerizing sceneries.

  1. The parks have traditional Victorian trees, straight in line. In Cook Park, the Park Guildry shouldn’t be missed
  2. The ‘Bastick Cottage’ has evidence of local craftsmanship
  3. The botanical gardens should be included in your list. Be it a walk or a picnic, this place has its charm
  4. The village of Carcoar is just a short drive from Millthorpe and a wonderful place to explore
  5. The famous Western Plain Zoo is another option to try

Is it right to visit during the summer months?

Stanley Bae of Orange County, California, believes the summer months are famous here. Even though the temperature remains high, it is perfect for spending outdoors and exploring California beaches. The place will be a little crowded at this time, but the area’s beauty is worth visiting. 

During this time, beach surfing is a must-try fun activity. Stanley Bae suggests the beginners take a surfing lesson before going for it.  If you want to try some serious surfing activities, the northernmost point of Balboa Peninsula is suitable.

Enjoy picking berries at farms, and one of them is Huntley Berry Farm. You can visit this for berry picking from October to April. You can have the sweetest strawberries during this time. It has an adjoining café to spend quality time with friends and family. Lake Canobolas offers an excellent walk, just 35 minutes from this café. This lake blooms in its full form almost during all seasons.

Is it worth visiting California in the fall time?

The fall season, from September to November, is another option for a quiet getaway. Even though tourism falls during this time, it is a good time to experience to place. The sunny days and the skies would be in full beauty to enjoy at the shore. The Newport Beach Thanksgiving would be perfect for enjoying at this time.

Here, you can witness the Autumnal change in color of leaves and how the gardens and parks display their color in full form. Cook Park, Elephant Park, and Campbell’s Corner are some of the best places to enjoy the place’s charm. Autumn is also a busy time for the local producing sectors. You can get apples, pears, figs, olives, and saffron throughout the year.

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List of popular beaches to Explore in Orange County

Communities you shouldn’t miss when going to Orange County are:

  1. Laguna Beach – The place was home to painters, artists, and photographers. It is mainly due to the picturesque coastline of coves and pools and magical light that helps the artists use their creative minds.
  2. Irvine – Irvine is the largest city, and the University of California is located here. People here mostly belong to Asian descent, and one can try noodles, dim sum, and other cuisines in the city restaurants here.
  3. Huntington Beach – It is at the northern end of the country and a famous place for surfers. Here, you can explore Bolsa Chica Wetlands and 390 different species.
  4. Newport Beach – This casual beach town is famous for its happening shopping destinations. Here, Manmade Balboa Island is a must-visit place.
  5. Anaheim – This closely joins Disney’s California Adventure Park and is a famous place to include in your itinerary to Orange County.

The city’s international airport, John Wayne Airport, is well connected to its 20 cities across North America. You can also take the Los Angeles Airport, which takes less than an hour by car from Huntington Beach or Anaheim. Besides public transport and Uber, local taxi service is convenient and easy to rent to explore various destinations in the city. So, no matter the time of the year, Orange County has a lot to offer its travelers and help them create the best memories on the trip. This is what Stanley Bae of Orange County would suggest a traveler plan for the journey.

California Business Happenings

In Sacramento, real estate costs are rising, and infrastructure investment is booming. But what kind of salary can you expect if you decide to move to the California capital?

If you’re looking for competitive pay and security, Stan Bae notes that it may pay to work for the state. In fact, the state government system in many ways is California’s biggest business entity.

The state of California is a giant employer in and around Sacramento, and jobs are reportedly available in an array of sectors, including hospitals, child support services, and health care.

State jobs are particularly known for offering enrollment in a large pension plan and other great benefits, and the Sacramento Bee has pinpointed ted some of the state’s highest-paying jobs open right now in Sacramento County.

They include a population health management medical officer with the department of health care services ($12,000-$17,000 per month salary); an assistant chief counsel in the department of child support services ($13,000-$16,000 per month); and the special assistant inspector general in the inspector general’s office ($11,000 to $14,000 per month).

Any takers? You can apply for the above and more at CalCareers.gov. 

Winery Purchase Makes Waves

When South Korean company Shinsegae purchased Shafer Vineyards winery, it wasn’t just the $250 million cost that raised eyebrows. The sale also marked the welcome return of buyers for Napa Valley assets.

The deal includes 205 acres, a winery with a massive cave cellar (34,000 square feet), and a permit allowing the use of 84,000 cases. The winery was launched by the Shafer family in 1972.

Many international companies have scooped up vineyards and wineries over the years, but it has been about a decade since a major investment has come from Asia. 

Chinese buyers invested in several California wineries in 2011 and 2012. In 2014, Quixote Winery in Stags Leap was bought for $20 million by Jinta Vineyards ; Winery, led by Vietnamese American Kieu Hoang.

Shafer’s buyer is a big player in the alcohol market in South Korea, which is Asia’s fourth-largest economy. Wine imports in the country rose 76% last year. 

Epirus Raises $200 Million 

Epirus, a manufacturer of technology used to down drones based in Torrance, has announced it has raised $200 million in investments to expand and explore applications for its technology.

The company uses an anti-drone system based on microwave technology. More than a dozen investors participated in the Series C round of funding, including original investor gVC, based in Austin, Texas. 

Epirus was founded in 2018 and develops technology that directs electromagnetic pulses at targets that threaten security, including drones. It now boasts 200 employees, with 150 working in the organization’s headquarters in Torrance which opened in November.

Just three years ago, it operated in a small facility in El Segundo that was managed by just a handful of employees

The company is one of the hundreds that are now building anti-drone weaponry as drone use increases around the world. This year, the United States Department of Defense budgeted $75 million for the deployment of anti-drone systems and $636 million for counter-drone technology development.

California Real Estate Market Trends for 2022

Stanley Bae Sacramento California large house with pool

From San Diego to Sacramento, California is in the midst of a seller’s market, making 2022 the year that you could finally cash in on your real estate investments. Stanley Bae from Orange County California says that between growing luxury sales and ongoing population redistribution, the California real estate market is set to face a few major trends in the coming months. Stay up to date and catch the wave to cash in big.

California real estate analysts expect to see a continued upswing in luxury home sales throughout 2022. However, this is offset by an ongoing exodus from higher-cost cities as more and more middle-class Californians seek out homes in affordable areas. Combined together, housing prices are expected to rise nearly 5%, making 2022 a good year to sell your home.

In this quick overview, we’ll explore three major trends affecting the California real estate market in 2022. Put this information to good use and stay up to date with all the latest market trends here!

Analysts Expect More Luxury Sales in 2022

Despite ongoing COVID-19 woes, 2021 was a record-breaking year with more luxury home sales than ever before. 2022 looks set to continue this trend as more and more luxury homes come off the market from San Diego to Santa Barbara. In fact, the trend has accelerated so quickly that the market seems to be short on supply.

In Los Angeles and San Francisco, there just aren’t enough luxury homes to meet demand according to real estate brokerage firm Hilton & Hyland. This lack of available supply is keeping the market competitive as wealthy Californians continue to look for top-of-the-line housing. For now, though, they will just have to wait to move into their luxury abodes.

Middle-Class Exodus Continues in 2022

The so-called ‘California Exodus’ might not be as drastic as some would have you believe but there’s no doubt that many middle-class Californian families are struggling to pay the astronomical costs of living within California’s most expensive cities. Understandably, they’re moving out and heading to the suburbs.

Currently, 4 of the top 10 busiest commuter cities are around the Bay Area. This growing trend highlights a need for more affordable housing and a sudden doom throughout California’s smaller towns and cities. This trend is expected to continue throughout 2022 as housing prices continue to rise.

Stanley Bae from Orange County California foyer

California Housing Prices Continue to Rise in 2022

COVID-19 has made it harder for construction workers to break ground and build new homes throughout the state. This has understandably led to a lack of available homes in a state where the rich are hoping to purchase luxury properties and the middle-class are looking for new, affordable homes in the suburbs.

With high demand and low supply, housing prices have been driven up and are expected to rise an additional 5% over the next year. This growing trend is good news for anyone wanting to sell their home but puts many middle-class families at a disadvantage as they look for cheaper mortgages.

Final Thoughts

If you’re wanting to buy a new house in 2022, California might not be your best bet. With a lower supply of available properties, housing prices have soared. However, if you’re a California homeowner wanting to cash in on your investments, now is the time to sell your home.

Growing Business Sectors in California

Stanley Bae City Skyline

With the largest state economy in the United States, California is continuously expanding its diverse industries. As a result of its increasing population in the 21st century, this state has more businesses now than ever. Finding a job or developing your business in California’s growing economy can be a fruitful endeavor if you know which industries are prominent. 

Check out our guide, which navigates the industries developing the quickest in the West. 

Real Estate and Construction

Employment in real estate has risen in recent years, and it will continue to grow as more people sell their houses, and others buy them as they move to California. 

According to Stanley Bae, the housing market in Southern California has been booming due to high buyer demand and low inventory. Since the 2009 recession, the state has recovered and built itself back up stronger than ever before. As the housing market adapts to the ever-changing population of the state, real estate, and construction continue to be leading sectors expanding at unprecedented rates. 

California attracts diverse groups of individuals looking for economic opportunity, culture, and fulfillment in life; the growing housing market has newcomers and returning citizens’ backs as this industry develops.

Technology and Information

Silicon Valley is not only considered the tech capital of California but also of the United States. Giant companies like Google and Apple have defined the Valley due to the world’s reliance on technology. The need for digitization in all sectors has led to the ever-growing success of the technology industry. 

With the demand for developers on the rise, the tech industry contributes to a large number of jobs. The U.S. Bureau of Labor Statistics reported that monthly employment averaged 586,000. The information transmitted within each sector is dependent on technology. 

Agriculture

The drought in California damaged the population significantly as the availability and quality of water sunk. Following recovery, the state improved its farming practices becoming one of the United States’ leading producers, supplying vegetables, fruits, nuts, and wine. Along with this success, you have the state’s significant presence as an exporter as well. 

With its recent positive changes, the agricultural industry remains to be one of the state’s quickest expanding sectors. As the world will never stop needing produce, this industry will always develop and become more enhanced by new innovations. 

Stan Bae Grapes at a vineyard

Healthcare

Increased implementation of electronic health records contributes to the expansion of the healthcare industry. Along with the aging population and the necessity of disease treatment, healthcare in California will continue to develop exponentially. The state’s Employment Development Department reported that of the fastest-growing jobs, most of the top occupations are within the healthcare industry. As people are becoming more conscious about their physical health, they are also focusing special attention on their mental health. Assistants for physicians and nurses are becoming more and more needed. It is clear that the healthcare industry will never stop growing, especially in California. 

Retail Trade

Salespeople are essential to the continued growth of our economy. Without them, convenience stores, department stores, maintenance offices, and food preparation hubs cannot function at the efficient rate that we need them. Their work has proven to be pivotal to the operation of our daily lives. 

In the United States’ capitalist society, citizens rely on workers in retail trade to facilitate sales. Therefore, their sector is expanding as more and more people move to large states like California. A leading exporter in agriculture, the state requires a large number of retail trade workers. Restaurants and stores are always looking for workers who can add to their team and their workplace’s efficiency. 

Administrative Support

People who provide administrative support tend to be overlooked by society as their work is downplayed. Still, in reality, they are greatly needed, and their sector is growing more than you’d think. People who work in security, housekeeping, janitorial, mail, landscaping, and labor offer their valuable skills to ensure efficiency. As a result of their necessity, employment in this industry is ever-growing. Their much-needed work constantly demands workers; therefore, it will forever grow throughout time. With its exponentially increasing population, California will always need more administrative support workers. 

The Takeaway 

Maintaining a business or getting a job in California becomes less challenging when you know which industries are expanding at the fastest rates. Whether you are working in real estate, construction, healthcare, agriculture, retail, or government, the technology industry will have a major presence as it has become necessary for all work operations. Rates of employment are increasing at high rates in the state due to the constantly changing population and the necessity of diverse resources and services.

No matter where you work in the state, you are likely to have a life-changing work experience as millions of people like you navigate the growing sectors.

The Top Reasons to Visit Orange County, California

Stanley Bae Orange County

Discover Orange County, the heart of southern California. Stanley Bae resident knows all about the hot spot’s visitors need to experience while in Orange County.

  1. Disneyland Park. The Disneyland Resort offers 2 world-class theme parks—Disneyland Park and Disney California Adventure Park—each with its own unique attractions, shows and restaurants. Disneyland Park has Adventureland, Critter Country, Fantasyland, Frontierland, Main Street USA, Mickey’s Toon town, New Orleans Square, and Star Wars: Galaxy Edge.
  2. Newport Beach. Picturesque sandy beaches, majestic coastline, infinite recreational activities, award-winning dining, and world-class shopping. Newport Beach is undeniably scenic. The coastal city in California has magnificent beaches and one of the best surfing spots in the world, the Wedge, alongside cultural treasures such as the Orange County Museum of Modern Art. Enjoy the buzzy harbor, wide open parks, art galleries and a spot of whale watching.
  3. Laguna Beach. Seven miles of pristine beach with oceanfront accommodations, gourmet dining, world-famous festivals, and hundreds of local artists. With more than 30 coves and beaches, Laguna Beach is the ideal spot for luxurious coastal fun. Whether you enjoy snorkeling, swimming, surfing, paddle boarding, playing volleyball or exploring the tide pools, there is approximately eight miles of coastline, which offers something for everyone.
  4. Huntington Beach. Near Disneyland, Knott’s Berry Farm, Beaches, Aquarium, and Bird Watching. Huntington Beach is a seaside city within Orange County in Southern California. It is bordered by the Pacific Ocean on the west and has been long known for its long 8.5 miles of beautiful beach, mild climate, and excellent surfing, earning it the nickname of Surf City.
  5. Dana Point. Dana Point is the Dolphin and Whale Watching Capital of the World™ and tour boats leave daily from the 2,500 boat and yacht slip marina. Located halfway between San Diego and Los Angeles, the destination offers everything from sunset wine cruises and luxury spas to surfing and ocean view golfing.
  6. San Clemente. San Clemente is a gorgeous coastal city full of culture and history. The entire city is full of things that you can do and explore. The Spanish style architecture in the city is magnificent and worth swooning over. … Visit this lovely, picturesque town to experience the coastal life of California.
  7. Anaheim. Anaheim is the second-largest city in Orange County in terms of land area and is known for being the home of the Disneyland Resort, the Anaheim Convention Center, and two major sports teams: the Anaheim Ducks ice hockey club and the Los Angeles Angels baseball team.

There are so many things to do in Orange County. There are endless beaches to enjoy, amusement parks, sports, restaurants, art & culture, and the amazing nature outdoors. Come see all what Orange County has to offer!