September 2024

 

                             

Corona del Mar — Spanish for “Crown of the Sea” — is a community as beautiful as its name. Nestled on the foot of the San Joaquin Hills and fronting the Pacific Ocean, Corona del Mar ranges along a bluff at the south end of Newport Beach, California, and includes some of Orange County’s most prestigious residential areas. This seaside community is conveniently located just 50 miles south of Los Angeles International Airport, 4 miles west of Orange County’s John Wayne Airport, and 70 miles north of San Diego.    The Corona del Mar coastline has it all — small private coves, cliffs and tide pools, spectacular views. Directly south is one of Orange County’s jewels — Crystal Cove State Park.  Also not to…

 

 
If you’re considering selling your house, you should know some buyers are ready and able to pay today’s high prices. But they want a home that’s move-in ready. A recent press release from Redfin explains: 
“Buyers are still out there, willing to pay today’s high prices, but only if the house is in perfect shape. They don’t want to spend extra money on paint or new appliances.” 

It makes sense when you think about it. People have to pay a lot for a house in today’s market. That means they may be unable to easily afford upgrades after moving in. So, if your home is outdated or needs some work, buyers might pass it by or offer a lower price than you were hoping for. 

And there are a lot of homes that need upgrades right now. Millions

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Mortgage rates have hit their lowest point in over a year and a half. And that’s big news if you’ve been sitting on the homebuying sidelines waiting for this moment. 

Even a slight rate decline could help you get a better monthly payment than you would expect on your next home. And the drop that’s happened recently isn’t tiny. As Sam Khater, Chief Economist at Freddie Mac, says: 

“Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.” 

But if you want to see it and believe it, here’s how the math shakes out. Take a closer look at the impact on your monthly payment. 

The chart below shows what a monthly payment (principal and interest) would look like on a $400K home loan

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Navigating the housing market can be tricky, especially these days. That’s why having an experienced guide when buying or selling a home is so important. The market isn’t exactly straightforward right now, and working with The Aaronson Group can offer insights and advice that make all the difference. 

While today’s market conditions might seem confusing or overwhelming, you don’t have to handle them alone. With The Aaronson Group you go through every step, you can navigate the process with the clarity and confidence you deserve. 

Here are just a few of the ways The Aaronson Group is invaluable: 

Contracts – We can help with the disclosures and contracts necessary in today’s heavily regulated environment. 

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If you’re wondering what’s happening with home prices lately, you’re not the only one. With so much information, figuring out your next move can be challenging.   As a buyer, you might be worried about paying more than you should. And if you’re considering selling, you might be concerned about not getting the price you aim for.  So, here’s a quick breakdown to help clear things up and show you what’s happening with prices—whether you’re thinking about buying or selling.  

Home Price Growth is Slowing, but Prices Aren’t Falling Nationally 

Throughout the country, home price appreciation is moderating. That means prices are still going up, but they’re not rising as quickly as they were in recent years. The graph below

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