The Aaronson Group has just sold 410 Iris Avenue, Corona del Mar, Orange County, California, for $4,395,000. (MLS® OC21250231)
Do not miss your opportunity to own this new modern masterpiece. Stunning, warm, and sophisticated, the home is nestled on the south side of PCH on a quiet tree-lined street in the highly desired Flower Streets of Corona Del Mar. A one-of-a-kind home with pristine craftsmanship, sprawling with custom and notable finishes. Every detail was thoughtfully executed from the exterior to the interior. It is an absolute work of art. You are just steps from the heart of the village and only a short walk to the beach. Bandera, Summer House, The Quiet Woman, and Mother's Market are essentially in your backyard along with
Choosing the right real estate professional to work with is one of the most important decisions you can make when buying or selling property. The right agent can explain current market conditions and present your best courses of action. If you’re considering buying or selling a home soon, contact us for answers to all of your questions about pricing, contracts, negotiations, and more.
While 2021 had its moments of turbulence, the real estate market exceeded expectations and broke records along the way.
So the question is: will the 2022 housing market continue to follow the same trajectory, or are we facing a possible downturn?
Let’s see what leading real estate experts are projecting for the final quarter of 2021 and what to expect in 2022 so you will be prepared if you make any real estate changes in 2022.
HOUSING MARKET FORECAST
Here’s what experts are saying about what’s going to happen with real estate for the rest of 2021:
Interest rates are rising but projected to stay low
One of the biggest drivers for 2021’s booming real estate market was record-low mortgage
Many homeowners who are deciding to sell their homes wonder if a home renovation is worth it. When it comes to renovations, your return-on-investment should be top of mind. Truly, is it worth it?
A dependable real estate professional, like the ones from The Aaronson Group can provide you information on what to consider.
1. Due to low inventory, buyers may take on the renovation.
We are currently in a seller's market. Buyers are not being choosey with their options. You may save money if this is the case, to put towards your next home.
2.Your real estate adviser can tell you if you need to renovate.
A simple coat of paint may be all you need or your kitchen may need to be gutted. Your interested buyer may not have the same taste as
If your house is feeling a little cramped with the addition of adult children or aging parents, it might be time to consider a move-up into a multigenerational home that better suits your changing needs.
If you’re thinking of buying a home, here are a few things to keep in mind even as mortgage rates rise.
The average 30-year fixed mortgage rate from Freddie Mac inched up to 3.1%, and experts project rates will continue rising through 2022:
“The 30-year fixed-rate mortgage was 2.9% in the third quarter of 2021. We forecast mortgage rates to increase slightly through the remainder of the year and reach 3.0%, rising to 3.5% for full-year 2022.”
Taking Time Off Can Be Costly
Mortgage rates play a significant role in your home search. And even the smallest increase can have a large impact on your monthly payment (see chart below):
Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. Being pre-approved for a loan can give you clarity while planning your homebuying budget, confidence in your ability to secure a loan, and a competitive edge in a bidding war. In today’s market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home.
How long have you been in your current home? If you have been in your home for more than five years, you are like many other people across the country.
According to the management company, First American, homeowners are staying longer in their homes than usual.
As the graph shows, before 2008, homeowners sold their houses after an average of just five years. Today, that number has doubled to ten years.The housing industry refers to this as your tenure. To understand tenure, it is helpful to find out what drives a person to sell their home.
An article from real estate magazine, The Balance, further explains.
“People who move for home-related reasons might need a larger home or a house that better fits their needs. Financial
The homebuying process, like chess, requires strategy and planning. Here are a few things to keep in mind to ensure your plan is as strong as possible when you begin your home search.
Pre-approval: the best opening play to make as a homebuyer
It’s important to have a great opening play when you’re buying a home. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step but what exactly is pre-approval and what benefits does it provide you?
As Freddie Mac puts it:
“The pre-approval letter from your lender tells you the maximum amount you are qualified to borrow. Getting a pre-approval letter is not a loan
Learning the lingo of homebuying is an important part of feeling successful when buying a home. Take a look at some of the most common acronyms that will come up along the way and what they mean when you hear them.
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