08/08/2026
The condo market just got a massive plot twist 🏢🚨
As of August 3rd, Fannie Mae and Freddie Mac eliminated "Limited Reviews". Translation? NO MORE FAST-TRACKING CONDO LOANS.
Lenders now have to do a Full Review on every condo transaction—scrutinizing HOA reserves, building safety, insurance, and budget stability.
Here's why this matters in Orange County right now: ➡️ OC Condos are taking 114 days to sell on average (vs. 93 days for detached homes). ➡️ Condo inventory is UP 17% while demand is down. ➡️ HOA dues + interest rates = serious buyer caution.
If you’re selling: Price smart and get your HOA paperwork ready before listing. If you’re buying: Always inspect the HOA's balance sheet before making an offer!
Need help navigating the local OC market? Reach out today!
Meghan Shigo, Realtor
Century 21 Affiliated
DRE 01243803