Preview Orange County Real Estate Blog - The Aaronson Group

Get Your House Ready To Sell This Winter [INFOGRAPHIC]

• Your equity grows as you pay down your home loan and prices increase. With home prices rising again, your equity is getting an extra boost.
• Almost half of homeowners are equity-rich because they have at least 50% equity. If you’ve been in your home for a while, you might have also gained a considerable amount of equity.
• Want to find out how much equity you have?   Contact The Aaronson Group. Call 949-388-5194  Email: info@previewochomes.com

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Experts Project Home Prices Will Rise over the Next 5 Years

Even with so much data showing home prices are rising in most of the country, many people still worry there will be another price crash in the immediate future. A recent survey from Fannie Mae shows that 23% of consumers think prices will fall over the next 12 months. That’s nearly one in four people dealing with that fear – maybe you’re one of them.  To help ease that concern, here’s what the experts say will happen with home prices not just next year but over the next five years.

Experts project ongoing appreciation

While seeing a handful of expert opinions may not be enough to change your mind, a larger group of experts will reassure you. Here’s that larger group.
The home price expectation survey (HPES) from Pulsenomics is a great resource…

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Home Prices Still Growing – Just at a More Normal Pace

If you’re feeling a bit muddy about home prices, that’s no surprise. Some people still say prices are falling, even though data proves otherwise. Part of that misconception is that people get their information from unreliable sources. But it’s also coming from some media coverage misrepresenting the data.
So, to keep things simple, here’s what you need to know using accurate data you can trust.

Normal home price seasonality explained

In the housing market, predictable ebbs and flows happen each year. It’s called seasonality. Spring is the peak homebuying season when the market is most active. That activity is typically intense in the summer but begins to wane as the cooler months approach.
Home prices follow along with seasonality because…

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The Latest 2024 Housing Market Forecast

The new year is approaching, and you might wonder if 2024 will be the right time to buy or sell a home. To make the most informed decision possible, it's essential to know what the experts say about what's ahead for the housing market. Spoiler alert: the projections may be better than you think. Here's why.

Experts Forecast Ongoing Home Price Appreciation

Take a look at the latest home price forecasts from Fannie Mae, the Mortgage Bankers Association (MBA), and the National Association of Realtors (NAR):

As you can see in the orange bars on the left, on average, experts forecast prices will end this year up about 2.8% overall and increase by another 1.5% by the end of 2024. That's big news, considering many people thought prices…

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Home Price Growth Is Returning to Normal [INFOGRAPHIC]

Some Highlights

• If you're wondering what’s happening with home prices, know they’re still rising, just at a slower pace – and that’s perfectly normal for this time of year.  
• Based on typical seasonality in the market, prices go up most in the spring during the peak buying season, and then price growth slows down as the year goes on.
• Home prices aren’t falling. They’re just rising slower and going back to normal seasonal trends. That’s a good thing. If you're curious about prices in your area, reach out to The Aaronson Group for answers.  Call 949-388-5194 or email info@previewochomes.com

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Don’t Believe Everything You Read About Home Prices

According to the latest data from Fannie Mae, 23% of Americans still think home prices will go down over the next twelve months. But why do roughly 1 in 4 people feel that way?

It has much to do with all the negative talk about home prices over the past year. Since late 2022, the media has created a lot of fear about a price crash, and those concerns remain lingering. You may be hearing people in your own life saying they’re worried about home prices or see on social media that some influencers are saying prices will come tumbling down.

If you’re someone who still thinks prices are going to fall, ask yourself this: Which is a more reliable place to get your information – clickbait headlines and social media or a trusted expert on the…

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Foreclosures and Bankruptcies Won’t Crash the Housing Market

If you've been following the news recently, you might have seen articles about increased foreclosures and bankruptcies. That could make you feel uneasy, especially if you're thinking about buying or selling a house.

But the truth is, even though the numbers are going up, the data shows the housing market isn't headed for a crisis.

Foreclosure Activity Rising, but Less Than Headlines Suggest

In recent years, the number of foreclosures has been deficient. That's because, in 2020 and 2021, the government put the forbearance program, and other relief options were put in place to help many homeowners stay in their homes during that tough time.

When the moratorium ended, there was an expected rise in foreclosures. But just because they're…

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The Perks of Selling Your House When Inventory Is Low

When selling your house, you’re probably juggling the current market conditions and your needs as you plan your move.

One thing that may be working in your favor is how few homes there are for sale right now. Here’s what you need to know about the current inventory situation and its meaning.

The Supply of Homes for Sale Is Far Below the Norm

When you’re selling something, it helps if what you’re selling is in demand but is also in low supply. Why? That makes it even more desirable since there’s not enough to go around. That’s exactly what’s happening in the housing market today. More buyers are looking to buy than there are homes for sale.

Here’s the latest information on active listings, or homes available for sale to tell the story…

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Home Prices Are Not Falling

During the fourth quarter of last year, some housing experts projected home prices were going to crash in 2023. The media ran with those forecasts and posted headlines calling for doom and gloom in the housing market. All of this negative news coverage made many people doubt the strength of the residential real estate market.

If it made you question if you should delay your plans to move, here’s what you need to know.

Home Prices Never Crashed

Disregard what you saw in the headlines. The actual data shows home prices were remarkably resilient and performed far better than the media would have you believe (see graph below):

This graph uses reports from three trusted sources to clearly illustrate that prices have already rebounded…

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Explaining Today’s Low Housing Supply [INFOGRAPHIC]

Some Highlights

• Wondering why the supply of homes for sale is limited today? There are a few factors at play.
• Lack of building over time, the mortgage rate lock-in effect, and people staying in their houses longer are three of the main reasons why supply is low.
• But real estate agents know exactly where to look and what to do to make your dream a reality. Connect with The Aaronson Group so you have an expert on your side to help you successfully navigate the market and find your next home.   Contact The Aaronson Group for your housing needs.  Call us 949-388-5194  Email us: info@previewochomes.com

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