Should I Buy a Home Right Now? Experts Say Prices Are Only Going Up

Posted by The Aaronson Group on March 10th, 2025

At one point or another, you’ve probably heard someone say, “Yesterday was the best time to buy a home, but the next best time is today.” 
That’s because, nationally, home values continue to rise. And with mortgage rates still stubbornly high and home prices going up, you may be holding out for prices to fall or trying to time the market for that perfect rate. But here’s the truth: waiting for the right moment could cost you in the long run. 
Home Prices are Still Rising – Just at a More Normal Pace 
The idea that prices will drop dramatically is wishful thinking in most markets. According to the home price expectations survey from Fannie Mae, industry analysts are saying prices are projected to keep rising through at least 2029. 

While we’re no…

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The Secret To Selling This Spring: Start the Prep Work Now

Posted by The Aaronson Group on February 13th, 2025

Spring is the busiest season in the housing market. It’s the time of year when buyers are most active, which means homes sell faster and for top dollar. If you’ve already got a move on your mind, why not list this Spring and take advantage of the added buyer demand? 

Since Spring is just around the corner, now’s the time to start getting your house market-ready. You’ve got just over a month to do the prep work. And while that may sound like a decent amount of time, it will go by quickly. And you won’t want to rush through this important task – especially this year. 

The proper repairs will matter more this Spring 

Right now, two things are true. There are more homes on the market than there have been in years, and buyers are…

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

Posted by The Aaronson Group on January 28th, 2025

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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What Will It Take for Prices To Come Down?

Posted by The Aaronson Group on January 6th, 2025

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!

Posted by The Aaronson Group on January 1st, 2025

 Wishing you a happy, healthy, and prosperous 2025!

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Should You Sell Your House or Rent It Out?

Posted by The Aaronson Group on December 19th, 2024

When you’re ready to move, deciding what to do with your house is a big decision. Today, more homeowners are considering renting their homes instead of selling them. 

Recent data from Zillow shows that about two-thirds (66%) of sellers thought about renting their home before listing, with nearly a third (28%) taking that possibility seriously. Compared to 2021, when fewer than half (47%) of homeowners considered renting before selling, this trend is clearly on the rise. 

So, should you sell your house and use the money toward your next home or keep it as a rental to build long-term wealth? Let’s walk through some important questions to help you determine the right path for your financial and lifestyle goals.    

Is Your House a…

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More Homes, Slower Price Growth – What It Means for You as a Buyer

Posted by The Aaronson Group on December 9th, 2024

More homes are on the market now than there have been in years – and that could be a game changer for you if you’re ready to buy. Let’s look at two reasons why. 

You have more options to choose from 

An article from realtor.com helps explain just how much the number of homes for sale has gone up this year: 
“There were 29.2% more homes actively for sale on a typical day in October compared with the same time in 2023, marking the twelfth consecutive month of annual inventory growth and the highest count since December 2019.” 

And while the number of homes on the market still isn’t quite back to where it was in the years leading up to the pandemic, this is an improvement (see graph below): 

With more homes available for sale now,…

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Don’t Let These Two Concerns Hold You Back from Selling Your House

Posted by The Aaronson Group on December 2nd, 2024

If you’re debating whether or not you want to sell right now, it might be because you’ve got some unanswered questions, like if moving really makes sense in today’s market.  Maybe you’re wondering if it’s even a good idea to move right now. Or you’re stressed because you think you won’t find a house you like. 

To put your mind at ease, here’s how to tackle these two concerns head-on. 

Is it even a good idea to move right now? 

If you own a home already, you may have been holding off because you don’t want to sell and take on a higher mortgage rate on your next house. But your move may be a lot more feasible than you think, and that’s because of your equity. 

Equity is the current market value of…

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Planning To Sell Your House in 2025? Start Prepping Now

Posted by The Aaronson Group on December 2nd, 2024

 

 If you want to sell your house in 2025, now's the time to start prepping. Even though it might seem like plenty of time between now and the new year, you should get a head start on any updates or repairs you want to make now. As Danielle Hale, Chief Economist at Realtor.com, says: 

". . . now is the time to start thinking about what you need for your next home and then taking those steps to prepare to list . . . We have survey data that says 47 percent of sellers are taking longer than a month to get their home ready to sell, so getting them to start that process early can mean more flexibility." 
By starting your prep work early, you'll give yourself plenty of time to get your house market-ready by the end of the year. But be…

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How Do Presidential Elections Impact the Housing Market?

Posted by The Aaronson Group on November 5th, 2024

 

Even if you’re not looking to move right away, you may have questions about how the election will impact the housing market.   When we look at historical trends, combined with what’s happening right now, we can find your answers. Based on historical data, mortgage rates decrease in the months before and home prices and sales increase the year after the election.   The facts show Presidential elections only have a small and temporary impact on the housing market.

 Get in touch with The Aaronson Group today.   Call: 949-388-5194 or email info@previewochomes.com

 

 

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