Preview Orange County Real Estate Blog - The Aaronson Group

Proof That We Are Not In A Housing Bubble

A recent survey revealed that many consumers believe there’s a housing bubble beginning to form. That feeling is understandable, as year-over-year home price appreciation is still in the double digits. However, this market is very different from what it was during the housing crash 15 years ago. Here are four key reasons why today is nothing like the last time. 

1. Houses Are Not Unaffordable Like They Were During the Housing Boom 

The affordability formula has three components: the price of the home, wages earned by the purchaser, and the mortgage rate available at the time. Conventional lending standards say a purchaser should not spend more than 28% of their gross income on their mortgage payment. 

Fifteen years ago,…

783 Views, 0 Comments

Want Top Dollar For Your House? Now Is The Time To List!

When you’re selling any item, you usually want to sell it for the greatest profit possible. That happens when there’s a strong demand and a limited supply for that item. In the real estate market, that time is right now. If you’re thinking of selling your house this year, here are two reasons why now’s the time to list. 

1. Demand is very strong this winter 

A recent article in news explains: 

“Spring, the hottest time of year for homebuyers and sellers, has started early, according to economists... ‘Home shopping season appears to already be in full swing!’” 

And they aren’t the only ones saying buyers are already out in full force. That claim is backed up with data released last week by Showing Time.…

473 Views, 0 Comments

Consumers Agree: It's a Good Time to Sell

In today’s sellers’ market, many homeowners are weighing their options and trying to decide if they should sell their houses. If you’re in that group, you may be balancing things like the ongoing health crisis, rising mortgage rates, and your own changing needs to determine your best time to make a move. 

However, recent data shows that time may already be here. According to the latest home purchase sentiment index (HPSI) by FannieMae, 76% of consumers believe now is a good time to sell. 

Looking back over the past few years, it's clear consumers are incredibly optimistic today. The graph below shows the percentage of survey respondents who say it’s a good time to sell a house, and their positive outlook is on the rise. The big…

555 Views, 0 Comments

Americans Choose Real Estate as The Best Investment

• According to a Gallup poll, real estate has been rated the best long-term investment for eight years in a row.
• Real estate tops the list because you’re not just buying a place to call home – you’re investing in your future. Real estate is typically considered a stable and secure asset that can grow in value over time.
• Reach out to The Aaronson Group today if you’re ready to make real estate your best investment this year. Call 949-388-5194 or email info@previewochomes.com

528 Views, 0 Comments

Buyer's Want to Know Why is the Housing Supply Still so Low?

One key question that’s top of mind for homebuyers this year is: why is it so hard to find a house to buy? The truth is, we’re in the ultimate sellers’ market, so real estate is ultra-competitive for buyers right now. The number of buyers searching for a home greatly outweighs how many homes are available for sale. 

While low inventory in the housing market isn’t new, it’s a challenge that continues to grow over time. Here’s a look at two reasons why today’s housing supply is low and what that means for you. 

1. New home construction fell behind for several years 

The graph below shows new home construction for single-family homes over the past five decades, including the long-term average for housing units completed.…

472 Views, 0 Comments

When is the Right Time to Sell? [Infographic]

• If you’re trying to decide when to list your house, the time is now. There are plenty of buyers eagerly waiting for your home to hit the market. 

• The latest data indicates home showings are rising. There are more buyers than homes for sale right now. That means you’ll likely receive multiple offers, and your home won’t be on the market long. 

• Today’s market favors sellers. If you’re ready to move, contact The Aaronson Group today! Call 949-388-5194 or email: info@previewochomes.com 

474 Views, 0 Comments

With Mortgage Rates Climbing, Now is the Time to Act!

Last week, the average 30-year fixed mortgage rate from Freddie Mac jumped from 3.22% to 3.45%. That’s the highest point it’s been in almost two years.  Experts have been calling for rates to rise in their 2022 projections, and the forecast is now becoming a reality.  

Here’s a look at the projections from Freddie Mac for this year: 

Q1 2022: 3.4% 

Q2 2022: 3.5% 

Q3 2022: 3.6% 

Q4 2022: 3.7% 

As the numbers show, this jump in rates is in line with the expectations from Freddie Mac. And what they also indicate is that mortgage rates are projected to continue climbing throughout the year. But should you be worried about rising mortgage rates? What does that really mean for you? 

As…

411 Views, 0 Comments

What's Going to Happen With Home Prices This Year

After almost two years of double-digit increases, many experts thought home price appreciation would decelerate or happen at a slower pace in the last quarter of 2021. However, the latest home price insights report from CoreLogic indicates while prices may have plateaued, appreciation has definitely not slowed. The following graph shows year-over-year appreciation throughout 2021. December data has not yet been released. 

As the graph shows, appreciation has remained steady at around 18% over the last five months. 

In addition, the latest S&P Case-Shiller Price Index and the FHFA price index show a slight deceleration from the same time last year – it’s just not at the level that was expected. However, they also both…

193 Views, 0 Comments

Why Inflation Shouldn't Stop You from Buying a Home in 2022

If you’re following along with the news today, you’re probably hearing a lot about record-breaking home prices, rising consumer costs, supply chain constraints, and more. And if you’re thinking about purchasing a home this year, all of these inflationary concerns are likely making you wonder if you should wait to buy. Investopedia explains that during a period of high inflation, prices rise across the board. And while home prices aren’t immune from this increase, here’s why inflation shouldn’t stop you from buying a home in 2022. 

Homeownership offers stability and security 

Home prices have been increasing for quite some time, and experts say they’re going to continue to climb throughout 2022. So, as a buyer, how can you protect…

229 Views, 0 Comments

Tips for Making Your Best Offer on a Home

As a buyer in a sellers’ market, sometimes it can feel like you’re stuck between a rock and a hard place. When you’re ready to make an offer on a home, remember these five easy tips to help you rise above the competition. 

1. Know your budget 

Knowing your budget and what you can afford is critical to your success as a homebuyer. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it: 

“This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer.” 

Showing sellers, you’re serious can give you a competitive edge, and it helps you act quickly when you’ve found your…

336 Views, 0 Comments