From Our Blog

Typically most people think summer is a slow time for the real estate market but actually, it’s a very good time to list your home.  Here are five reasons why:

1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy the same home.

Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory has declined year-over-year for the last 35 months and is still under the 6-month supply needed for a normal

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Mortgage interest rates have already risen by over a quarter of a percentage point in 2018. Many are projecting that rates could increase to 5% by the end of the year.

Many quickly jump to the conclusion that an increase in mortgage rates will have a detrimental impact on real estate prices as fewer buyers will be able to qualify for a loan. This seems logical; if there is less demand for housing then prices will drop.

However, in a good economy, rising mortgage rates increase demand as many prospective purchasers immediately jump off the fence to guarantee they get the lower rate.

Let’s look at home prices the last four times mortgage rates increased dramatically.

In each case, home prices APPRECIATED and did not depreciate. No one is

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A recent report by CoreLogic revealed that U.S. home values appreciated by more than 37% over the last five years. Some are concerned that this is evidence we may be on the verge of another housing “boom & bust” like the one we experienced from 2006-2008.

Recently, several housing experts weighed in on the subject to alleviate these fears.

Sean Becketti, Freddie Mac Chief Economist

 “The evidence indicates there currently is no house price bubble in the U.S., despite the rapid increase of house prices over the last five years.”

Edward Golding, a Senior Fellow at the Urban Institute’s Housing Finance Policy Center

 “There is not likely to be a national bubble in the way that we saw the first decade of the century.”

Christopher

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If you're looking for classic delicatessen food served with a smile than the 17th Street Deli could be your new go-to eating spot. The sparkling clean eatery is a true gem tucked in with other small businesses along 17th Street.

Originally the Tummy Stuffer the restaurant has been in Westport Square Shopping Center since the day the center opened. Owner Stacey Craven has been at the helm for two years and takes pride in serving handcrafted sandwiches made with quality ingredients like Boarshead meats, cheese and condiments and freshly baked bread from C'est Si Bon Bakery and Artisan Bakery.

Visit 17th Street Deli by May 30, snap a picture and post it on your social media using the hashtag #MattPerryLoves17thst and you could win a $20 gift card

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Recently, Freddie Mac published an Insight Report titled Nowhere to go but up? How increasing mortgage rates could affect housing. The report focused on the impact the projected rise in mortgage rates might have on the housing market this year.

Many believe that an increase in mortgage rates will cause a slowdown in purchases which would, in turn, lead to a fall in house values. Ultimately, however, prices are determined by supply and demand and while rising mortgage rates may slow demand, they also affect supply. From the report:

 “For current homeowners, the decision to buy a new home is typically linked to their decision to sell their current home… Because of this link, the financing costs of the existing mortgage are part of the homeowner’s

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The Petersen team represents coastal Orange County homeowners and future homeowners. Lori and Clint use their years of real estate experience, creative ideas, and sharp negotiation skills to place their clients in their perfect home. 


Lori Petersen

Lori brings extensive experience and a proven track record of real estate success to Arbor. She has a solid reputation for her stellar communication and negotiation skills and uses these skills to find common ground during her dealings to ensure all parties are satisfied. 
She has earned her Bachelor of Arts degree from Cal State University -- Fullerton, in Sociology, the study of the development, structure, and functioning of human society. These skills have served her well in her real estate practice. Lori

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Arbor's team recently toured the almost-completed Lido House, an Autograph Collection, located in Newport Beach. Set to open on April 14, 2018, the 130 luxury room hotel will offer an upscale full-service restaurant, spa and fitness center, rooftop bar with bay and ocean views and eight luxury suites. Briana Hicks, Dual Senior Catering Sales Executive / Destination Sales Executive, led two sets of hard-hat tours of the hotel, owned by Marriott, and showed off the resort's jaw-dropping features including 15,000 square feet of indoor and outdoor meeting and event space. The Cape Code-style hotel is the first new construction hotel on the Peninsula in 30 years. 

Here are just some of the highlights:

  • Five tri-level private cottages each named
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1. Demand Is Strong

The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These buyers are ready, willing and able to purchase…and are in the market right now! More often than not, multiple buyers are competing with each other to buy a home.

BOTTOMLINE: Take advantage of the buyer activity currently in the market.

2. There Is Less Competition Now

Housing inventory has declined year over year for the last 32 months and is still under the 6-month supply needed for a normal housing market. This means that, in the majority of the country, there are not enough homes for sale to satisfy the number of buyers in the market. This is

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Double the fun! Twins Cole and Jack are the winners of our Stoke a Student contest! The Newport Elementary third graders won a new Surf Prescriptions surfboard through Arbor Real Estate's contest. The campaign in partnership with Surfside Sports in Costa Mesa began four years ago and is aimed to inspire students to value education and to succeed in school.

The custom-made surfboard was shaped by legendary designer Doc Lausch of Surf Prescriptions. The 5'8" V12 Flying Turtle is perfect for surfers of all skill levels or for young groms of any age.
The Stoke a Student contest awards a surfboard to one elementary, junior high school, or high school student in the Newport-Mesa area every other month during the school year. Students can win by filling

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Arbor Real Estate and The Rob Machado Foundation created the Clean Water for Kids initiative with the goal of installing FloWater station in every school in the Newport-Mesa school district. Today the pro surfer along with representatives from Arbor Real Estate dedicated two new refilling stations that were recently installed at Ensign Intermediate school.

The purpose of the stations is to eliminate single-use water bottles -- which pollute our watersheds and oceans -- and to give students access to clean, tasty water. The Clean Water for Kids initiative has already funded and installed stations at Newport Elementary School in Newport Beach and Davis Magnet School in Costa Mesa.

 Arbor Real Estate held a fundraiser last December and

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