Preview Orange County Real Estate Blog

Soaring Home Prices May Slow, but Burst Housing Bubble is Unlikely

Home prices are climbing similarly to pre-2008's Great Recession.  Today's bidding wars have caused many  home buyers to pay cash for homes or have to out bid competition by hundreds of thousands of dollars.  However, the U.S. housing market is not destined to repeat the mid 2000's bubble that ravaged the the U.S. Economy.  

Today's situation is different that 2008.  Right now there is a shortage of inventory and home builders are not building a lot of new homes.  Before the great recession, there was a surplus of new builds, now there are not.    When there is a housing shortage, the prices won't decline.

The housing market is self-correcting.  Home sales have been in decline the last few months.  Instead of paying what they view as…

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In Escrow-Gorgeous Villa in Newport Coast

On behalf of the buyer, The Aaronson Group has opened escrow on 6 Rockshore Bluff, Newport Coast, Orange County, California, for $7,695,000. (MLS® #OC21157490)

Have you ever dreamed of panoramic ocean views where year-round sunsets over Catalina Island seem to paint a new picture at the end of each day? Welcome to 6 Rockshore Bluff. A villa with the rare combination of 180 DEGREE SIT DOWN OCEAN VIEWS along with a MAIN LEVEL MASTER SUITE. When you enter through the private courtyard and pass through the front door you are greeted with ocean views from the large great room with 25+ foot ceilings, a dining room with walls of glass showcasing the pacific, and a refreshed kitchen featuring fresh Carrera countertops and subway…

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In Escrow-Stunning Oaks Farm Property in San Juan Capistrano

On behalf of the buyer, The Aaronson Group has opened escrow on 28670 Martingale Drive, San Juan Capistrano, Orange County, California, for $3,650,000. (MLS® #OC21134492)

Welcome to The Oaks Farms, a unique community of 32 newly constructed, quality built homes with a combination of majestic coastal Oaks, open grassy fields, and thoughtfully preserved Equestrian Center. This home sits in a magical setting overlooking verdant fields and championship horse stables, framed by Centurion Oak trees, epitomizing the essence of equestrian living. Enter this lovely and expansive nearly 5000 SF home, designed with entertainment in mind, mixing a feel of openness with a sense of a private sanctuary to escape from the hectic pace of life. The custom…

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In Escrow-Beautiful Home in Stoneridge Estate of San Juan Capistrano!

The Aaronson Group has opened escrow on 30205 Hillside Terrace, San Juan Capistrano, Orange County, California, (MLS® #OC21167264) for $1,695,000

Set in the rolling hills of San Juan, this pride of ownership Stoneridge Estates single story corner location home is surrounded by serene landscape & open spaces. Expansive living areas & voluminous ceilings compliment sought-after single-level living with loads of sliders leading outdoors w/views beyond. The oversized living & dining rooms include an elegant fireplace & butler’s station. The large kitchen opens to a grand family room & features stainless steel appliances including a subzero fridge & double oven, loads of cabinetry, a large breakfast counter bar & a charming nook area w/wine fridge. The…

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In Escrow-South Laguna Village Custom Built Home

The Aaronson Group has opened escrow on 31786 5th Avenue, Laguna Beach, Orange County, California (MLS® #OC21130267) for $1,850,000.

Conveniently located in the heart of South Laguna Village.  A short block off Coast Highway near beaches, parks, shops, restaurants, and medical facilities.  Custom-built new from the ground up in 2004 on a larger than an average-sized lot with potential to expand in the future.  The expansive, chef’s caliber kitchen includes an abundance of furniture-grade cherry cabinetry, loads of fresh quartz countertops, Viking, Bosch, Kitchen Aid Appliances, and captivating ocean views.  Light and bright spacious family room feature a gas fireplace with custom wood mantle and a large ocean view deck overlooking the tranquil…

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Avoid These Things after Applying for a Mortgage [Infographic]

To help make sure you still qualify for your loan at the closing table, here are a few key things to make sure you avoid after applying for a mortgage.

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Lovely Remodeled Home In the Heart of Lake Forest-Sold!

On behalf of the buyer, The Aaronson Group has aided in the sale of 22721 Jubilo Place, Lake Forest, Orange County, California, for $1,040,000. (MLS® #OC21136505)

Situated in a beautiful community in the heart of Lake Forest, this 3-bedroom, 2-bath home is complimented by a large lot of 11,304 sq. ft. Enter through the double front door into the comfortable living room, which adjoins the beautifully remodeled family kitchen appointed with quartz countertops, white cabinetry, soft-close cabinet doors & drawers, tile backsplash with custom inlay, stainless steel range, oven, microwave & refrigerator, stainless steel sink with new faucet, and a Dutch-door opening to the side yard. The dining area is spacious, complimented by a fireplace with a stone…

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Just Listed-Beautiful Home in Stoneridge Estate of San Juan Capistrano

The Aaronson Group has listed 30205 Hillside Terrace, San Juan Capistrano, Orange County, California, for $1,695,000. (MLS® #OC21167264)

Set in the rolling hills of San Juan, this pride of ownership Stoneridge Estates single story corner location home is surrounded by serene landscape & open spaces. Expansive living areas & voluminous ceilings compliment sought-after single-level living with loads of sliders leading outdoors w/views beyond. The oversized living & dining rooms include an elegant fireplace & butler’s station. The large kitchen opens to a grand family room & features stainless steel appliances including a subzero fridge & double oven, loads of cabinetry, a large breakfast counter bar & a charming nook area w/wine fridge. The spacious…

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Beautifully Remodeled Southwest San Clemente Home-Sold!

On behalf of the buyer, The Aaronson Group has aided in the sale of 129 West Avenida Cadiz, San Clemente, Orange County, California, for $2,065,000. (MLS® #OC21135440)

This remodeled coastal home offers a beachy lifestyle unmatched. Just a short walk to the sand, this two-story home is perfectly positioned to capture significant ocean views. Undergoing a massive 2014 remodel inside and out, the home was completely transformed from the original.

This lovely home offers space and privacy.  Close walkable access to downtown restaurants, San Clemente’s favorite T-Street beach, and an amazing 2.5-mile beach trail, this home is the quintessential southwest beach house! 

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3 Charts That Show We Are Not in a Housing Bubble

Home prices are delivering double-digit increases, so the concern is great if we are headed into a housing bubble, like the one in 2006. However, market data indicates that the housing market is steady and is not headed for a housing bubble.   

1. The housing market is not driven by high-risk mortgage loans. 

The availability of mortgage money is based on the Mortgage Credit Availability Index (MCAI) from the Mortgage Bankers’ Association.  In 2006, nearly everyone could qualify for a mortgage loan. The higher the number, the easier it is to access receiving a loan.  The index was 869 in 2006.  Today, it is at 130.   As an example of the difference between today and 2006, let’s look at the volume of mortgages that originated when a buyer had…

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