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Expert Forecast on Mortgage Rates

If you’ve been thinking of buying a home, you may have been watching what’s happened with mortgage rates over the past year. It’s true they’ve risen dramatically, but where will they go from here, especially as the market continues to slow? 

As you think about your homeownership goals and decide if now’s the time to make your move, the best place to turn to for that information is the professionals. Here’s a summary of the latest mortgage rate forecasts from housing market experts. 

Experts Project Mortgage Rates Will Stabilize 

While mortgage rates continue to fluctuate due to ongoing inflationary pressures and economic uncertainty, experts project they’ll start to stabilize in the months ahead. According to the…

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Just Listed-Coastal Chic Two Story End Unit Townhome Located in Eastside Costa Mesa

Coastal Chic Two Story End Unit Townhome Located In The Highly Sought-After Eastside Costa Mesa Neighborhood. This Light & Bright Open Floorplan Has Been Completely Upgraded Inside & Out, Leaving No Detail Untouched. The Spacious Living Room Wraps Around A Contemporary Modern Cozy Fireplace & Opens To The Dining Area. The Gourmet Kitchen Boasts Custom Cabinets, Granite Countertops With Exquisite Stone Back-Splash, & Tumbled Stone Flooring. Additional Highlights Include: Laminate Wood Floors, Travertine & Designer Carpeting Upstairs, Vinyl Windows & Slider, Plantation Shutters & Cased Windows & Doors, Beautifully Remodeled Bathrooms, & Generously Sized Bedrooms With Large Closets & Ceiling Fans. Entertain In Your Covered & Private Back Patio With A…

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Feature City-Laguna Beach

Laguna Beach - Southern California's Premier Coastal Destination The artist colony of Laguna Beach is one of Orange County’s hidden gems, located halfway between Los Angeles and San Diego. The city’s topography is unique to other California coastal cities with its seven miles of coves and beaches where visitors can explore sea caves, tide pools, ocean side bluffs, natural tide pools and of course, sandy beaches, all within city limits. Laguna Beach also boasts the most beachfront lodging options in all of California, making it an ideal spot for a…

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What's Actually Happening with Home Prices Today?

One of the biggest questions people are asking right now is: what’s happening with home prices? There are headlines about ongoing price appreciation, but at the same time, some sellers are reducing the price of their homes. That can feel confusing and makes it more difficult to get a clear picture. 

Part of the challenge is that it can be hard to understand what experts are saying when the words they use sound similar. Let’s break down the differences among those terms to help clarify what’s actually happening today. 

Appreciation is when home prices increase. 

Depreciation is when home prices decrease. 

Deceleration is when home prices continue to appreciate, but at a slower or more moderate pace. 

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What Sellers Need to Know in Today's Housing Market

If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. 

As Lawrence Yun, Chief Economist at the National Association of Realtors (NAR), says: 

“Homes priced right are selling very quickly, but homes priced too high are deterring prospective buyers.” 

It’s true buyer demand has slowed over the past few months as higher…

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What Would a Recession Mean for the Housing Market

According to a recent survey according to the Wall Street Journal, the percentage of economists who believe we’ll see a recession in the next 12 months is growing. When surveyed in July 2021, only 12% of economists consulted thought there’d be a recession by now. But this July, when polled, 49% believe we will see a recession in the coming 12 months. 

And as more recession talk fills the air, one concern many people have is: should I delay my homeownership plans if there’s a recession? 

Here’s a look at historical data to show what happened in real estate during previous recessions to help prove why you shouldn’t be afraid of what a recession would mean for the housing market today. 

A Recession Doesn’t Mean…

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Why Experts Say the Housing Market Won't Crash [Infographic]

• Many people remember the housing crash in 2008, but experts say today’s market is fundamentally different in many ways.
• First, there isn’t an oversupply of homes for sale today. Plus, lending standards are much tighter, and homeowners have record levels of equity. That means signs say there won’t be a wave of foreclosures like the last time.
• If you have questions about the housing market, reach out to The Aaronson Group to help.  Call 949-388-5194 or email: info@previewochomes.com

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Is the Shifting Market a Challenge or an Opportunity for Home Buyers?

If you tried to buy a home during the pandemic, you know the limited supply of homes for sale was a considerable challenge. It created intense bidding wars which drove home prices up as buyers competed with one another to be the winning offer. 

But what was once your greatest challenge may now be your greatest opportunity. Today, data shows buyer demand is moderating in the wake of higher mortgage rates. Here are a few reasons why this shift in the housing market is good news for your homebuying plans. 

The challenge 

There were many reasons for the limited number of homes on the market during the pandemic, including a history of underbuilding new homes since the market crash in 2008. As the graph below shows,…

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Selling Your House? Your Asking Price Matters More Than Ever!

There’s no doubt about the fact that the housing market is slowing from the frenzy we have seen over the past two years. But what does that mean for you if you’re thinking of selling your house? 

While home prices are still appreciating in most markets and experts say that will continue, they’re climbing at a slower pace because rising mortgage rates are creating less buyer demand. Because of this, there are more homes on the market. And in a shift like this one, the way you price your home matters more than ever. 

Why today’s housing market is different 

During the pandemic, sellers could price their homes higher because demand was so high, and supply was so low. This year, things are shifting, and that means…

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Housing Market Forecast For The Rest of 2022

Some Highlights

• The housing market is shifting away from the intensity of the past two years.
• Home prices are forecast to rise more moderately than last year. Mortgage rates will respond to inflation, and homes sales will be more in line with pre-pandemic years.
• Connect with us at The Aaronson Group to help you navigate through the buying or selling process.  Contact (949) 388-5194 or info@previewochomes.com

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