July 2021

Found 9 blog entries for July 2021.

The Aaronson Group has listed 30205 Hillside Terrace, San Juan Capistrano, Orange County, California, for $1,695,000. (MLS® #OC21167264)

Set in the rolling hills of San Juan, this pride of ownership Stoneridge Estates single story corner location home is surrounded by serene landscape & open spaces. Expansive living areas & voluminous ceilings compliment sought-after single-level living with loads of sliders leading outdoors w/views beyond. The oversized living & dining rooms include an elegant fireplace & butler’s station. The large kitchen opens to a grand family room & features stainless steel appliances including a subzero fridge & double oven, loads of cabinetry, a large breakfast counter bar & a charming nook area w/wine fridge. The spacious

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On behalf of the buyer, The Aaronson Group has aided in the sale of 129 West Avenida Cadiz, San Clemente, Orange County, California, for $2,065,000. (MLS® #OC21135440)

This remodeled coastal home offers a beachy lifestyle unmatched. Just a short walk to the sand, this two-story home is perfectly positioned to capture significant ocean views. Undergoing a massive 2014 remodel inside and out, the home was completely transformed from the original.

This lovely home offers space and privacy.  Close walkable access to downtown restaurants, San Clemente’s favorite T-Street beach, and an amazing 2.5-mile beach trail, this home is the quintessential southwest beach house! 

 

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Home prices are delivering double-digit increases, so the concern is great if we are headed into a housing bubble, like the one in 2006. However, market data indicates that the housing market is steady and is not headed for a housing bubble.   

1. The housing market is not driven by high-risk mortgage loans. 

The availability of mortgage money is based on the Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association.  In 2006, nearly everyone could qualify for a mortgage loan. The higher the number, the easier it is to access receiving a loan.  The index was 869 in 2006.  Today, it is at 130.   As an example of the difference between today and 2006, let’s look at the volume of mortgages that originated when a buyer had

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2021 Housing Market had a strong first half due to low-interest mortgage rates and increased home values.  So what is in stock for the second half of the year?

Mortgage Rates will slightly increase but will stay low 

The latest Quarterly Forecast from Freddie Mac states:

“We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”

Rates remaining low will give purchase power for homebuyers.    

Freddie Mac states, "While higher mortgage rates will help slow the pace of home sales and moderate house price growth, we expect overall housing market activity will remain

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Coastal chic two-story end unit townhome located in the highly sought-after Eastside Costa Mesa neighborhood. This light & bright open floorplan has been completely upgraded inside & out, leaving no detail untouched. The spacious living room wraps around a contemporary modern cozy fireplace & opens to the dining area. The gourmet kitchen boasts custom cabinets, granite countertops with exquisite stone back-splash, & tumbled stone flooring. Additional highlights include laminate wood floors, travertine & designer carpeting upstairs, vinyl windows & slider, plantation shutters & cased windows & doors, beautifully remodeled bathrooms, & generously sized bedrooms with large closets & ceiling fans. Entertain in your covered & private back patio with a

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Conveniently located in the heart of South Laguna Village.  A short block off Coast Highway near beaches, parks, shops, restaurants, and medical facilities.  Custom-built new from the ground up in 2004 on a larger than an average-sized lot with potential to expand in the future.  The expansive, chef’s caliber kitchen includes an abundance of furniture-grade cherry cabinetry, loads of fresh quartz countertops, Viking, Bosch, Kitchen Aid Appliances, and captivating ocean views.  Light and bright spacious family room feature a gas fireplace with custom wood mantle and a large ocean view deck overlooking the tranquil rear grounds below.  The master suite is on its own private level with an intimate deck and side entrance and features a bath with new

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On behalf of the buyer, The Aaronson Group has opened escrow on 22721 Jubilo, Lake Forest, Orange County, California, for $1,040,000. (MLS® #OC21136505)

Situated in a wonderful community in the heart of Lake Forest, this 3-bedroom, 2-bath home is complimented by a large lot of 11,304 sq. ft.  The wonderful flow of the floor plan will make entertaining delightful.

This quiet neighborhood is perfect for bike riding or jogging; a short walk to El Toro High School, and centrally located for shopping and dining out. 

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On behalf of the buyer, The Aaronson Group has opened escrow on 129 West Avenida Cadiz, San Clemente, Orange County, California, for $1,300,000. (MLS® #OC21135440)

This remodeled coastal home offers a beachy lifestyle unmatched. Just a short walk to the sand, this two-story home is perfectly positioned to capture significant ocean views. Undergoing a massive 2014 remodel inside and out, the home was completely transformed from original.

This lovely home offers space and privacy.  Close walkable access to downtown restaurants, San Clemente’s favorite T-Street beach, and an amazing 2.5 mile beach trail, this home is the quintessential southwest beach house! 

 
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