Tagged : Orange County Real Estate

Found 634 blog entries tagged as "Orange County Real Estate".

  • 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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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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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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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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Important Highlights

  • The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home.
  • Housing Inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price.
  • Connect with The Aaronson Group today. Contact by phone 949-388-5194 or email: info@previewochomes.com

 

 

 

 

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With all the headlines and buzz in the media, some consumers believe the market is in a housing bubble. As the housing market shifts, you may be wondering what’ll happen next. It’s only natural for concerns to creep in that it could be a repeat of what took place in 2008. The good news is, there’s concrete data to show why this is nothing like the last time. 

There’s a shortage of homes on the market today, not a surplus 

The supply of inventory needed to sustain a normal real estate market is approximately six months. Anything more than that is an overabundance and will cause prices to depreciate. Anything less than that is a shortage and will lead to continued price appreciation. 

For historical context, there

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If you’re thinking about making a move, you probably want to know what’s going to happen to home prices for the rest of the year. While experts say price growth will moderate due to the shifting market, ongoing appreciation is expected. That means home prices won’t fall. Here’s a look at two key reasons experts forecast continued price growth: supply and demand. 

While growing, housing supply is still low 

Even though inventory is increasing this year as the market moderates, supply is still low. The graph below helps tell the story of why there still aren’t enough homes on the market today. It uses data from the census to show the number of single-family homes that were built in this country going all the way

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While the federal reserve is working hard to bring down inflation, the latest data shows the inflation rate is still going up. You no doubt are feeling the pinch on your wallet at the gas pump or the grocery store, but that news may also leave you wondering: should I still buy a home right now? 

Greg McBride, chief financial analyst at Bankrate, explains how inflation is affecting the housing market: 

“Inflation will have a strong influence on where mortgage rates go in the months ahead. . . Whenever inflation finally starts to ease, so will mortgage rates — but even then, home prices are still subject to demand and very tight supply. 

No one knows how long it’ll take to bring down inflation, and that means the future

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With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. 

Here’s why economists and industry experts say the housing market is not a bubble ready to pop. 

Today is nothing like 2008 

The 2008 housing crash is still fresh in the minds of many homebuyers and sellers. But today’s market is different. Odeta Kushi, deputy chief economist at First American,says: 

“This is not the same market as 2008. . .. It’s no secret the housing market played a central role in the great recession, but this market is just

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Charming single level cottage style home in the wonderful Irvine neighborhood of Smoketree. Unique, very private corner location with only one wall attached. This home offers a great opportunity to bring your style and character when creating your own space. A spacious open floorplan floating to the kitchen that opens once again into an entertainer's patio/backyard with beautiful foliage. Association club house available for private parties. Two car detached garage with plenty of storage. Minutes to Irvine Valley College and The Irvine Spectrum which offers wonderful restaurants, entertainment and great shopping opportunities. Walking distance to some of the best schools in Irvine, as well as Irvine Valley College.

Full details can be found by

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