How Much Home Equity Have You Gained? The Answer Might Surprise You

Have you ever considered how much wealth you've built as a homeowner? As home values rise, so does your net worth. And, if you've been in your house for a few years (or longer), there's a good chance you're sitting on a pile of equity — maybe even more than you realize. 

What is home equity?

Home equity is the difference between what your house is worth and what you owe on your mortgage. For example, if your house is worth $500,000 and you still owe $200,000 on your home loan, you have $300,000 in equity. It's essentially the wealth you've built through homeownership. Right now, homeowners across the country are seeing record amounts of equity. 

According to Intercontinental Exchange (ice), the average homeowner with a mortgage…

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Sold-Represented by The Aaronson Group-Experience Coastal Luxury in The Prestigious Gated Community of Regatta

Experience coastal luxury with this stunning, warm and sophisticated home commanding unobstructive, breathtaking 180 degree ocean, coastline, Catalina Island, Palos Verdes, city lights & year round sunset views as far as one can see from every room. Situated on one of the best lots in the gated community of Regatta, this highly upgraded and expanded home features an open concept design, voluminous ceilings, loads of glass and skylights flooding the spaces with natural light. The dramatic great room features a custom stacked stone fireplace with an early 1800's reclaimed mantle, & a frameless door system seamlessly blending the indoor and outdoor balcony within. Ideal for entertaining, the chef's caliber kitchen boasts an oversized quartz island,…

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In Escrow- Stunning 1905 Golden Hills Craftsman Near Downtown San Diego

This Mary Billmeyer (related to the Scripps Family) House is a stunning 1905 Golden Hills Craftsman that combines timeless architectural beauty with modern updates. This Mills Act property is located within walking distance of downtown, this historic home offers city views and a convenient lifestyle. Inside, you’ll find exquisite original details, including custom millwork, mullioned bay windows, hardwood floors, and a welcoming front porch with a classic swing.

The renovated chef’s kitchen complete with a walk-in pantry, and updated bathrooms bring contemporary comfort to this historic gem. Dual-zone gas heating and air conditioning provide efficient climate control for the first and second floors, while a second-floor laundry adds convenience.…

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SOLD! An Exceptional Single Level View Home Nestled in The Prestigious Dana Point Community of Monarch Bay Terrace

Welcome to 32322 Crete Rd, an exceptional single level view home nestled in the prestigious Dana Point community of Monarch Bay Terrace. This captivating 3-bedroom, 2.5-bathroom house offers the unique opportunity to embrace the quintessence of coastal living while capitalizing on a prized investment. Occupying an impressive 16,890-square-foot view lot, this home is perfectly positioned to showcase sweeping, panoramic views of El Niguel & Monarch Beach golf course, Saddleback Mountains, City lights, Waldorf Astoria and the shimmering Pacific Ocean. The allure of a . 39-acre property in such a prime location is a rare find, offering boundless potential to create a landmark residence in one…

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SOLD! On Behalf of the Buyer-Rare opportunity to own in Beautiful Laguna Niguel Palm Court Community!!

Rare opportunity to own in Beautiful Laguna Niguel Palm Court Community!! Impeccable One bedroom, One bath Condo with attached garage. Spacious and bright Primary bedroom with walk-in closet, ceiling fan and balcony. This home features an Open Floor concept with Expansive 17' ceilings that showcases a cozy fireplace amidst living and dining room. Highlighting this Open floor plan is the perfectly sized wrap-around kitchen with new counters, flooring and refrigerator. Personalize the spacious balcony by turning it into a peaceful retreat or an entertainer's paradise. Washer and dryer included. Benefit from all the Association amenities including pool, spa and Tennis courts. Minutes from…

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In Escrow-Represented by The Aaronson Group-Experience Coastal Luxury in The Prestigious Gated Community of Regatta

Experience coastal luxury with this stunning, warm and sophisticated home commanding unobstructive, breathtaking 180 degree ocean, coastline, Catalina Island, Palos Verdes, city lights & year round sunset views as far as one can see from every room. Situated on one of the best lots in the gated community of Regatta, this highly upgraded and expanded home features an open concept design, voluminous ceilings, loads of glass and skylights flooding the spaces with natural light. The dramatic great room features a custom stacked stone fireplace with an early 1800’s reclaimed mantle, & a frameless door system seamlessly blending the indoor and outdoor balcony within. Ideal for entertaining, the chef’s caliber kitchen boasts an oversized quartz island,…

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SOLD! Represented by The Aaronson Group-Exceptional Ocean Front Property on Beach Road in Dana Point

This exceptional home offers a heightened beachfront living experience, situated in a 24-hour guard gated community with direct ownership of the beach up to the medium high tide line. Constructed on caissons, the sophisticated and stylish ambiance of the home is evident both inside and out, with new elegant lighting throughout, custom wrought iron railings, frameless glass balcony/deck railings, fresh interior & exterior paint, and exquisite marble walls in the family and primary rooms. The chef's remodeled kitchen is a culinary enthusiast's dream, equipped with high-end appliances including a sub-zero fridge, double ovens, marble and quartz counters, subway tile accents, and a stunning chandelier, all with views to the water, making it a perfect…

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What Will It Take for Prices To Come Down?

You may be wondering if home prices are going to crash. Believe it or not, some people might hope this happens so they can finally purchase a more affordable home. But experts agree that’s not what’s in the cards – and here’s why.  More people want to buy a home than there are homes available to purchase, which drives prices up.  Let’s break that down and explore why home prices aren’t coming down anytime soon nationally. 

Prices depend on supply and demand 
The housing market works like any other market – prices rise when demand is high and supply is low. 
According to the latest estimates, the U.S. faces a housing shortfall of several million homes. That means far more people are looking to buy (demand) than homes for sale (supply).…

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Happy New Year from The Aaronson Group!

 Wishing you a happy, healthy, and prosperous 2025!

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