Preview Orange County Real Estate Blog

What is on the Horizon in Real Estate for the Second Half of the Year?

2021 Housing Market had a strong first half due to low-interest mortgage rates and increased home values.  So what is in stock for the second half of the year?

Mortgage Rates will slightly increase but will stay low 

The latest Quarterly Forecast from Freddie Mac states:

“We forecast that mortgage rates will continue to rise through the end of next year. We estimate the 30-year fixed mortgage rate will average 3.4% in the fourth quarter of 2021, rising to 3.8% in the fourth quarter of 2022.”

Rates remaining low will give purchase power for homebuyers.    

Freddie Mac states, "While higher mortgage rates will help slow the pace of home sales and moderate house price growth, we expect overall housing market activity will remain…

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Just Listed-Coastal Chic Condo in 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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Price Adjustment! South Laguna Village Custom Built Home

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 rear grounds below.  The master suite is on its own private level with an intimate deck and side entrance and features a bath with new…

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Financial Fundamentals for Homebuyers [Infographic]

From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track when buying a home. Here are a few key steps to take before you even start to look at properties.

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In Escrow-Single Level Beautifully Remodeled Home in The Heart of Lake Forest

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

Situated in a wonderful community in the heart of Lake Forest, this 3-bedroom, 2-bath home is complimented by a large lot of 11,304 sq. ft.  The wonderful flow of the floor plan will make entertaining delightful.

This quiet neighborhood is perfect for bike riding or jogging; a short walk to El Toro High School, and centrally located for shopping and dining out. 

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In Escrow-Remodeled Beach Home in Beautiful San Clemente

On behalf of the buyer, The Aaronson Group has opened escrow on 129 West Avenida Cadiz, San Clemente, Orange County, California, for $1,300,000. (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 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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Housing Wealth: The Missing Piece of the Affordability Equation

Today, the real estate market is soaring.  The values of residential homes are rising, and that’s fantastic for homeowners. In 2020, there was a double-digit increase in home values – a trend also occurring in 2021.

However, due to skyrocketing prices, some are questioning the affordability in this current housing market. Experts in the field of Real Estate emphasize that homes today are less affordable now than they were last year. Black Knight, a leading provider of data and analytics across the homeownership life cycle, reported on the issue.

The historical averages of the national payment to income ratio, defined as “the share of the median income needed to make the monthly payments on the median-priced home.” The study reveals:

• The…

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Just Listed-South Laguna Village Custom Built Home

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 rear grounds below.  The master suite is on its own private level with an intimate deck and side entrance and features a bath with new…

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Home Is Where the Heart Is [Infographic]

There’s no doubt about it: homeowners love their homes. Here are a few stats that show just how important our homes have become over the past year.

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Key Homebuying Terms to Know [Infographic]

The homebuying process can be filled with jargon potential buyers may be unfamiliar with. Here's a list of some of the most common terms you will come across.

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