May 2023

Found 12 blog entries for May 2023.

Buying a home can feel intimidating, even under normal circumstances. But today’s market is still anything but ordinary. There continues to be a minimal number of homes for sale, creating bidding wars and driving home prices back up as buyers compete over the available homes.

Navigating this can be daunting if you’re trying to do it alone. That’s why having us at The Aaronson Group to guide you through home-buying is essential, especially today. Bankrate shares this perspective: 

“Advice and guidance from a professional real estate agent can be invaluable, particularly amid a hot or unpredictable housing market.

Here are just a few of the ways The Aaronson Group makes a big difference: 

  • Experience – The Aaronson Group knows the ins and
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On behalf of the buyer, The Aaronson Group is in escrow for 27791 Golden Ridge Lane, San Juan Capistrano, Orange County, California (MLS® #OC23072862)

This spectacular, immaculate and private, 3.5 acre gated estate on 3.5 manicured acres offers the most dramatic and panoramic views in the Hunt Club. Recently completed $500,000 renovation using only the highest quality materials and craftsmanship with no expense spared. Arrive via gated motor court with parking for 10+ cars and enter through 12’ iron doors into a hotel-style lobby entrance with soaring 20’ ceilings and unobstructed views of Marbella CC golf course, city lights and rolling hills. Recent upgrades includes interior paint, wainscoting/moldings, built-ins, solid core 8’ doors, imported

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Nestled in a Beautiful Community, This Single Level Highly Upgraded Home Is Prominently Positioned In The Sought-After Section Of Lake Forest. A Nearly 12,000 Sq. Ft. Lot Presents Opportunities To Expand, Or To Simply Enjoy This Charming Home With an Extended Outdoors Living Space Offering an Incredible Backyard With a Built-in Barbecue, Shimmering Pool and Spa, and a Tastefully Designed Casita - an Entertainers Delight. Entering Through The Welcoming Front Porch With Double Doors, The Spacious Light & Bright Living Room/Great Room With An Elegant Fireplace, Flows to a Finely Appointed Fully Remodeled Kitchen Boosts Exquisite Quartz Countertops, White Cabinetry, Soft-Close Cabinet Doors & Drawers, Tile Backsplash with Custom Inlay, Stainless Steel

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Some Highlights

  • While home prices vary by local area, they’ve already hit their low point nationally and are starting to rise again.
  • Last July, prices started to decline, but around February, they began climbing back up.
  • If you put your plans to move on hold, waiting to see what would happen with home prices, reach out to #theaaronsongroup to discuss if now’s the right time to jump back in.

Contact us: Call 949-388-5194 or email


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If you’re considering selling your house, you should know the number of homes for sale right now is low. That’s because, this season, fewer sellers are listing their houses for sale than the norm.

Looking back at every April since 2017, the only year fewer sellers listed their homes was in April 2020, when the pandemic hit and stalled the housing market (shown in red in the graph below). In more typical years, roughly 500,000 sellers add their homes to the market in April. This year, we saw fewer than 400,000 sellers entering the market in April (see graph below):

While several factors contribute to this trend, one thing keeping inventory low right now is that some homeowners are reluctant to move when the mortgage rate they have on their

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If you’re reading headlines about inflation or mortgage rates, you may see something about the recent decision from the Federal Reserve (the Fed). But what does it mean for you, the housing market, and your plans to buy a home? Here’s what you need to know.

Inflation and the Housing Market

While the Fed’s working hard to lower inflation, the latest data shows that the number has improved, but the inflation rate is still higher than the target (2%). That played a role in the Fed’s decision to raise the Federal Funds Rate last week. As Bankrate explains:

Keeping its inflation-fighting streak alive, the Federal Reserve has raised interest rates for the 10th time in 10 meetings . . . The hikes aimed to cool an economy on fire after rebounding

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The Aaronson Group has sold 26 North Vista de Catalina, Laguna Beach, Orange County, California for $6,500,000. (MLS® #OC23054660)

Experience Modern Luxury With This Stunning, Warm and Sophisticated Home Commanding Unobstructive, Breathtaking 180 Degree Ocean, White Water, Coastline, Catalina, Palos Verdes, City Light Views From Every Space (Even The Garage!). Prominently Positioned In Three Arch Bay, This Ground-Up Construction Completed in 2010 By Gallo Builders, Features An Open Concept Design, Voluminous Ceilings, Loads Of Floor To Ceiling Glass Flooding The Spaces With Natural Light, & Nearly 1,000 Sq. Ft. Of Sweeping Ocean Facing Decks. The Dramatic Great Room Features A Double Sided Fireplace, Exquisite Bar, & A Multi-Slide Door System

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There’s been some concern lately that the housing market is approaching a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy to understand why that worry has come up.

But the data clearly shows today’s market is very different than before the housing crash in 2008. So rest assured, this isn’t a repeat of what happened back then. Here’s why.

It’s Harder To Get a Loan Now

It was much easier to get a home loan during the lead-up to the 2008 housing crisis than it is today. Back then, banks had different lending standards, making it easy for anyone to qualify for a home loan or refinance an existing one. As a result, lending institutions took on much more

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If you’re a homeowner considering moving, you may wonder if it’s still an excellent time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is picking up speed.

Data from the latest ShowingTime Showing Index, which is a measure of buyers actively touring homes, helps paint the picture of how much buyer demand has increased in recent months (see graph below):

As the graph shows, the first two months of 2023 saw a noticeable increase in buyer traffic. That’s likely because the limited number of homes for sale kept shoppers looking for homes even during colder months.

To help tell the story of why the latest report is significant, let’s compare foot traffic this February with each February for the last

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