Preview Orange County Real Estate Blog

Expert Insight on the 2022 Housing Market

As we move into 2022, both buyers and sellers are wondering, what’s next? Will there be more homes available to buy? Will prices keep climbing? How high will mortgage rates go? For the answer to those questions and more, we turn to the experts. Here’s a look at what they say we can expect in 2022. 

Odeta Kushi, Deputy Chief Economist, First American: 

“Consensus forecasts put rates at about 3.7% by the end of next year. So, that’s still historically low, but certainly higher than they are today.” 

Danielle Hale, Chief Economist, realtor.com: 

“Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first…

401 Views, 0 Comments

Home Sales About to Surge? This Winter Could Be a Record Breaking!

Real estate, like most industries, has a season where more homes are sold during a specific time of the year. The number of homes sold in the spring is almost always much greater than at any other time of the year. It’s called the spring buying season. Historically, the number of buyers and listings for sale significantly increase in the spring and remains strong throughout the summer. Once fall sets in, the number of buyers and sellers typically drops off. 

During 2020, however, that seasonality didn’t happen. The outbreak of Covid and subsequent slowing of the economy limited sales during the spring market. The home sales last fall and winter saw a dramatic increase in home sales over previous years. The only thing that held the market…

265 Views, 0 Comments

SOLD!-Contemporary Modern Home with Breathtaking 270 Degree Ocean Views

Exquisite contemporary with breathtaking 270-degree ocean views. Recently remodeled, with panoramic ocean views to the north laguna coastline, Catalina Island, and south to the montage rock. Tastefully landscaped, this unique home features 2 newly remodeled en suite full baths and a powder room on the main floor.

Downstairs primary suite with large walk-in closet & primary bath. The fourth bedroom downstairs makes the perfect office/bonus room or primary suite lounging area with amazing ocean views and a separate entrance. Brazilian cherry wood flooring, travertine and porcelain tile, granite, and quartzite countertops flow throughout the house. Euro kitchens custom cabinets and high-end stainless kitchen appliances complete the designer touches.…

291 Views, 0 Comments

Does Your House Have What Buyer's Want?

More remote work means a greater need for home offices 

The rise in remote work is changing what many American homeowners want in their homes. Many large companies are not reopening their offices and keeping their employees remote full-time, and so that means today’s buyers are looking for homes with more space to support their work needs. 

As a seller, if you no longer need the extra room you have in your home, there are buyers who want your extra space. 

Remote work remains a reality for many Americans. A recent poll from Garter, inc. This shows many organizations have not yet returned their offices: 

“. . . 66% of organizations are delaying reopening their offices due to new covid-19 variants.” 

And a…

260 Views, 0 Comments

Win When You Sell (And When You Move)!

If you’re trying to decide when to sell your house, this winter may be your best chance.  Selling at this time means you can take advantage of today’s strong sellers’ market when you make a move. 

Win when you sell 

Right now, conditions are extremely favorable for current homeowners looking for a change. If you sell now, here’s what you can expect: 

Your house will stand out – while recent data shows inventory may increase this coming winter, there are still more buyers in the market than there are homes for sale. If you sell your house now before more houses are listed, it will get more attention from serious buyers who are eager to find a home. 

Your house will likely get multiple offers, buyers have to…

220 Views, 0 Comments

Will Home Prices Decline in 2022?

If you’re thinking of buying a home in today’s housing market, you may be wondering if I buy a home now, will it lose value? Or will it continue to appreciate? According to the experts, home prices are not projected to decline, which is good news for those wanting to sell. 

Home prices are forecast to continue climbing in 2022, just at a slower or more moderate pace, due to the simple law of supply and demand. When there are fewer homes on the market than there are buyers, the competition for that home makes prices naturally rise. 

Here’s a look at the latest 2022 expert forecasts on home price appreciation: 

What’s the biggest takeaway from this graph? None of the major experts are projecting depreciation in…

268 Views, 0 Comments

SOLD-Luxurious Modern Home in Corona del Mar

The Aaronson Group has just sold 410 Iris Avenue, Corona del Mar, Orange County, California, for $4,395,000. (MLS® OC21250231)

Do not miss your opportunity to own this new modern masterpiece. Stunning, warm, and sophisticated, the home is nestled on the south side of PCH on a quiet tree-lined street in the highly desired Flower Streets of Corona Del Mar. A one-of-a-kind home with pristine craftsmanship, sprawling with custom and notable finishes. Every detail was thoughtfully executed from the exterior to the interior. It is an absolute work of art. You are just steps from the heart of the village and only a short walk to the beach. Bandera, Summer House, The Quiet Woman, and Mother's Market are essentially in your backyard along with…

305 Views, 0 Comments

Reasons to Hire a Real Estate Professional [Infographic]

Choosing the right real estate professional to work with is one of the most important decisions you can make when buying or selling property. The right agent can explain current market conditions and present your best courses of action. If you’re considering buying or selling a home soon, contact us for answers to all of your questions about pricing, contracts, negotiations, and more.

260 Views, 0 Comments

Housing Market Predictions for End of Year 2021 and 2022

 While 2021 had its moments of turbulence, the real estate market exceeded expectations and broke records along the way. 

So the question is: will the 2022 housing market continue to follow the same trajectory, or are we facing a possible downturn? 

Let’s see what leading real estate experts are projecting for the final quarter of 2021 and what to expect in 2022 so you will be prepared if you make any real estate changes in 2022. 

HOUSING MARKET FORECAST 

Here’s what experts are saying about what’s going to happen with real estate for the rest of 2021: 

• Interest rates are rising but projected to stay low 

• One of the biggest drivers for 2021’s booming real estate market was record-low mortgage…

330 Views, 0 Comments

How to Decide if a Home Renovation is Right For You

Many homeowners who are deciding to sell their homes wonder if a home renovation is worth it.  When it comes to renovations, your return-on-investment should be top of mind.  Truly, is it worth it?

A dependable real estate professional, like the ones from The Aaronson Group can provide you information on what to consider.

1. Due to low inventory, buyers may take on the renovation.

We are currently in a seller's market.  Buyers are not being choosey with their options.  You may save money if this is the case, to put towards your next home.

2. Your real estate adviser can tell you if you need to renovate.

A simple coat of paint may be all you need or your kitchen may need to be gutted.  Your interested buyer may not have the same taste as…

342 Views, 0 Comments