Preview Orange County Real Estate Blog - March, 2022

What You Can Expect From The Spring Housing Market

Posted by The Aaronson Group on March 28th, 2022

As the spring housing market kicks off, you likely want to know what you can expect this season when it comes to buying or selling a house. While there are multiple factors causing some uncertainty, including the conflict overseas, rising inflation, and the first-rate increase from the Federal Reserve in over three years — the housing market seems to be relatively immune. 

Here’s a look at what experts say you can expect this spring. 

1. Mortgage Rates Will Climb 

Freddie Mac reports the 30-year fixed mortgage rate has increased by more than a full point in the past six months. And despite some mild fluctuation in recent weeks, experts believe rates will continue to edge up over the next 90 days. As Freddie…

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Proof That We Are Not In A Housing Bubble

Posted by The Aaronson Group on March 22nd, 2022

 

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different from what it was during the housing crash 15 years ago. Here are four key reasons why today is nothing like the last time. 

1. Houses Are Not Unaffordable Like They Were During the Housing Boom 

The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Conventional lending standards say a purchaser should not spend more than 28% of their gross income on their mortgage payment. 

Fifteen years ago,…

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For Lease! Beautiful Ocean View Home in Emerald Bay

Posted by The Aaronson Group on March 7th, 2022

The Aaronson Group has listed for rent 814 Emerald Bay, Laguna Beach, Orange County, California, for $28,000/month. (MLS® #OC22011126  )

Spring/summer vacation in Emerald Bay! Weekly rental available at $7000/week, summer $9,000/week, or 28-30k/month. Enjoy emerald bay living at its finest! Revel in 200-degree ocean, white water, and Catalina Island views from this desirable emerald bay elevated corner lot home. This mid-century modern home features 4 bedrooms including a main floor master with 3 full baths plus a powder room and a huge ocean view living room with a massive restoration hardware cloud sectional that you can sink into after a day at the beach. Listen to the waves crash at night in the master bedroom that features a plush king bed…

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SOLD-The Jewel of Beach Road Oceanfront Property in Dana Point

Posted by The Aaronson Group on March 4th, 2022

 

The Jewel of Beach Road! Situated on the sand in renowned Capistrano Beach in Dana Point! 24 Hr Guard Gated community. Yes, here we actually own the sandy beach! TURN KEY, all furnishings/linens, and housewares included! Superbly crafted Cape Cod w/ hardwood floors thru-out. Extensive granite & marble. Custom designed inside and out. All bedrooms en suite complete w/ walk-in closets & private baths. Huge center island kitchen w/ extensive walk-in pantry, sub-zero, double ovens, and cooks station. Great room wrapped with windows featuring the sandy beach, white water coastal views, and custom-crafted wood entertainment center and oversized fireplace hearth! The sand decking 37' ft deep (ENORMOUS!)includes logia with fans and a conversational fire pit.…

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