Author: Kovacs

The Elegance of Ebony: Incorporating Black in Interior Design

Posted on | by Kovacs

Black, the color of mystery, sophistication, and timeless elegance, has an undeniable allure in interior design. It’s a color that can transform a space from ordinary to extraordinary, imparting a sense of drama, depth, and luxury. In this blog, we’ll explore the art of incorporating black in interior design and discover how this shade can be the ultimate game-changer for your living spaces.

1. Bold Accents and Statement Pieces

One of the most accessible ways to introduce black into your interior design is through bold accents and statement pieces. Think black leather sofas, accent chairs, or even a striking black coffee table. These elements add a touch of drama and contrast to your space, creating an eye-catching focal point.

2. Create Contrast

Black can be a powerful tool to create contrast. Pair it with white or other light colors to make the room pop. For instance, a monochromatic white room with black accents not only looks stunning but also feels incredibly sophisticated. You can achieve this with black-and-white art, light fixtures, or even patterned tiles.

3. Embrace the Dark Side with Walls

Painting an entire room black might sound daring, but it can be remarkably effective when executed thoughtfully. A black accent wall can add a sense of coziness, especially in a bedroom or living room. This dark canvas allows other design elements, such as artwork and accessories, to shine.

4. Timeless Elegance with Black and Gold

The combination of black and gold exudes opulence. Gold accents against a black backdrop create a regal atmosphere. Whether it’s a gilded mirror, golden frames, or metallic accents in furniture, this pairing oozes timeless elegance.

5. Go Moody with Dark Cabinetry

In kitchens and bathrooms, dark cabinetry is gaining popularity. Deep, matte black or charcoal cabinets provide a moody, modern, and high-end look. Paired with contrasting countertops and light fixtures, this design choice is a winner.

6. Flooring: Dark and Daring

Dark wooden or tile flooring is an excellent choice to anchor a room and bring depth to the space. Black floors can be especially striking in kitchens, dining rooms, and hallways.

7. Mix Textures and Patterns

Layering different textures and patterns in black can create a visually interesting and dynamic space. Experiment with black textiles, such as velvet cushions or shaggy rugs, and combine them with matte black furniture.

8. Accessorize with Purpose

Accessories can play a pivotal role in incorporating black into your design. Think about adding black decorative items like vases, candleholders, and picture frames. These subtle touches add depth and dimension to the overall look.

9. Pay Attention to Lighting

Black lighting fixtures, such as chandeliers and pendant lights, can be stunning additions. They not only provide functional illumination but also serve as striking design elements.

10. The Art of Balance

While incorporating black in interior design can be transformative, it’s essential to strike a balance. Avoid overwhelming a room with too much black. Mix in other colors and materials to ensure a harmonious and inviting space.

Incorporating black into interior design is a powerful way to create a space that exudes drama, sophistication, and timeless elegance. Whether you choose to go all-in with black walls or introduce subtle accents, the key is to be intentional and thoughtful in your design choices. Embrace the dark side, and you’ll be rewarded with a space that feels both striking and inviting.

What Are the Real Reasons You Want To Move Right Now?

Posted on | by Kovacs

If you’re considering selling your house right now, it’s likely because something in your life has changed. And while things like mortgage rates play a big role in your decision, you don’t want that to overshadow why you thought about making a move in the first place.

It’s true mortgage rates are higher right now, and that has an impact on affordability. As a result, some homeowners are deciding they’ll wait to sell because they don’t want to move and have a higher mortgage rate on their next home.

But your lifestyle and your changing needs matter, too. As a recent article from Realtor.com says:

“No matter what interest rates and home prices do next, sometimes homeowners just have to move—due to a new job, new baby, divorce, death, or some other major life change.”

Here are a few of the most common reasons people choose to sell today. You may find any one of these resonates with you and may be reason enough to move, even today.

Relocation

Some of the things that can motivate a move to a new area include changing jobs, a desire to be closer to friends and loved ones, wanting to live in your ideal location, or just looking for a change in scenery.

For example, if you just landed your dream job in another state, you may be thinking about selling your current home and moving for work.

Upgrading

Many homeowners decide to sell to move into a larger home. This is especially common when there’s a need for more room to entertain, a home office or gym, or additional bedrooms to accommodate a growing number of loved ones.

For example, if you’re living in a condo and your household is growing, it may be time to find a home that better fits those needs.

Downsizing

Homeowners may also decide to sell because someone’s moved out of the home recently and there’s now more space than needed. It could also be that they’ve recently retired or are ready for a change.

For example, you’ve just kicked off your retirement and you want to move somewhere warmer with less house to maintain. A different home may be better suited for your new lifestyle.

Change in Relationship Status

Divorce, separation, or marriage are other common reasons individuals sell.

For example, if you’ve recently separated, it may be difficult to still live under one roof. Selling and getting a place of your own may be a better option.

Health Concerns

If a homeowner faces mobility challenges or health issues that require specific living arrangements or modifications, they might sell their house to find one that works better for them.

For example, you may be looking to sell your house and use the proceeds to help pay for a unit in an assisted-living facility.

With higher mortgage rates and rising prices, there are some affordability challenges right now – but your needs and your lifestyle matter too. As a recent article from Bankrate says:

“Deciding whether it’s the right time to sell your home is a very personal choice. There are numerous important questions to consider, both financial and lifestyle-based, before putting your home on the market. . . . Your future plans and goals should be a significant part of the equation . . .”

Bottom Line

If you want to sell your house and find a new one that better fits your needs, let’s connect. That way, you’ll have someone to guide you through the process and help you find a home that works for you.

Halloween Events 2023

Posted on | by Kovacs

Are you ready for some spooktacular fun this fall? Look no further than Orange County for an unforgettable Halloween experience. From fall festivals to haunted trails, there is something for everyone to enjoy. Gather your friends and sign up for the Ghosts and Legends tour, where you will uncover the eerie history of the area and its paranormal past. Whether you’re a thrill seeker or prefer a more laid-back seasonal celebration, Orange County has got you covered. Don’t miss out on the most frightfully fun festivities of 2023!

Tanaka Farms Pumpkin Patch & Weekend Fall Festival
Open September 16 – October 31, 2023
Weekday, Monday-Friday

Have you ever picked your own pumpkin right out of the pumpkin patch?

Tanaka Farms is one of the only farms in Orange County with a REAL pumpkin patch! We offer lots of activities, from wagon rides to arts and crafts!

LOCATION: Tanaka Farms
5380 University Dr
Irvine, CA 92612

ALISO VIEJO🎃

Fall Fest – Hosted by Aliso Viejo Community Association
October 21
10-12 am

The Fall Harvest Festival will be held at Grand Park. This special event is open to ghosts and goblins of all ages and will feature carnival games, entertainment, a children’s costume parade,  community booths and a howling good time for everyone. Be sure to bring your trick-or-treat bag!

LOCATION:
Grand Park/Town Center Amphitheater 6101 City Lights Dr
Aliso Viejo, CA 92656

Corona Del Mar🎃

Mosaic Day of the Dead Tile
Tuesday, October 24, 2023r
10 am – 2 pm

Have fun creating Sugar Skulls in appreciation of the Dia de Los Muertos cultural celebration. Join mosaic artist David Jarvinen as he hosts a Sugar Skull mosaic workshop, a captivating piece that combines artistry and cultural symbolism. Our project is a 6″ x 6″ square and comes with an embossed skull design to stimulate creativity. Perfect for hobbyists and art enthusiasts alike, this Sugar Skull mosaic adds a touch of flair and cultural significance to any environment. The combination of the sugar skull motif and the materials encapsulates the rich traditions and celebratory nature of Dia de los Muertos.

Limited seating. This class takes place outside and works through lunch so bring snacks and beverages.

Fee: $80 Member, $90 Non-Member

LOCATION:
The Sherman Library and Gardens
2647 East Coast Hwy
Corona Del Mar, CA

INFORMATION:
949-673-1880

Halloween Spooktacular
October 28, 2023
3-6 pm

Come out for the 6th Annual Halloween Spooktacular at Mariners Park! This free community event includes LIVE music, a trunk-or-treat area, a haunted walk-through, carnival games, bounce houses, costume contests, food trucks, and fun for the whole family! Food will be available for purchase, and proceeds will benefit our neighbors at Mariners Elementary PTA to support their school.

LOCATION:
Mariners Park
1300 Irvine Ave.
Newport Beach, CA 92660.

Dana Point🎃

Halloween Halloween Spooktacular & Trunk or Treat
Saturday, October 28, 2023
2-6 pm

Join us for this fun Halloween-themed event where the City’s Recreation Division teams up with Dana Point Police Services for two great family events in one day.

LOCATION:
Dana Point Community Center
34052 Del Obispo St.
Dana Point, Ca

INFORMATION:
For more information, call the City of Dana Point Recreation Division at 949-248-3536.

Spooky Seas
OCTOBER 21 5:00 PM – 10:00 PM

Come to Ocean Institute for Spooky Seas with new family-friendly frights from bioluminescence laser tag to the mad scientist laboratory. There’s something fun for the whole family to enjoy! Bats & ghouls – come in costume to participate in our costume contest, trick or treat throughout the night, and enjoy food, drinks, and alcoholic drinks available for purchase.

LOCATION:
Ocean Institute
24200 Dana Point Harbor Dr.

Spooky Treat Trolley

The Spooky Treat Trolley will be making stops at the following park locations and handing out treats for children up to 12 years of age. The trolley features elaborate decorations, Halloween-themed music, and the City’s Recreation staff dressed up in costumes. Get in the SPIRIT and come dressed in costume!.

LOCATIONS:
Spooky Treat Trolley Stops:
3:30 pm-4:00 pm Pines Park, 34941 Camino Capistrano
4:30 pm-5:00 pm Sunset Park, 34345 Calle Naranja
5:30 pm-6:00 pm Dana Woods Park, 24900 Dana Woods
6:30 pm-7:00 pm Sea Canyon Park, 33093 Santiago Drive

INFORMATION:
For more information, call the Recreation Division at 949-248-3536.

Irvine🎃

Pretend City Costume Week
October 25-29, 2023

Get ready for a week of imagination, creativity, and endless fun as Costume Week arrives at Pretend City! Unleash your inner superhero, princess, pirate, or anything your heart desires! Wear your costume proudly and enjoy $2 off general admission for each person in your group. It’s a treat for your creativity and your wallet!

Fee: Included in museum admission.

LOCATION: Pretend City Children’s Museum
29 Hubble
Irvine, CA

INFORMATION:
949.428.3900

Halloween at Pretend City 
Sunday, October 29, 2023

Spooky Spectacular: Join Us for a Halloween Extravaganza!

Step into a world of enchantment, mystery, and Halloween magic as we invite you to our thrilling Halloween Extravaganza. Whether you’re a tiny trick-or-treater or a daring ghost hunter, this event is packed with spooky surprises and fun-filled activities.

LOCATION:
Pretend City
29 Hubble
Irvine, CA 92618

Laguna Niguel🎃

Haunted Trails
October 12-15, 2023
6:30 PM

Haunted Trails is back again for another year of terrifying thrills! You are invited to join us on the trail for four memorable nights that are sure to haunt your dreams. Our undead monsters are eagerly awaiting your arrival.

One-Time Only Entrance Tickets will be available for purchase beginning Tuesday, September 13th at Crown Valley Community Center during normal operating hours, Monday through Friday, from 8:00 am to 5:00 p.m. You may also purchase tickets on event days. You must present a physical ticket to enter the trail. Not recommended for children under 10 years old.

LOCATION:
Crown Valley Community Park
29751 Crown Valley Parkway
Laguna Niguel, Location at the entrance to the Community Park on the emergency road.

INFORMATION:
949-425-5100

Fall-O-Ween at Heritage Hill Historical Park
October 13-15 & 20-22 4:30 PM – 8:30 PM

Come celebrate the fall season with OC Parks at the inaugural Fall-O-Ween at Heritage Hill Historical Park! Tour the decorated historical grounds during special park hours and take your picture at a variety of fall and Halloween-themed photo opportunities. Try to find your way through the straw maze and complete a scavenger hunt for ghoulish goodies at this free, family-friendly event.

Costumes are encouraged, and pets are welcome on leashes no longer than 6 feet. Be sure to grab your cameras to snap your festive photos with OC Parks this October!

LOCATION:
Heritage Hill Historical Park
25151 Serrano Road
Lake Forest, CA

INFORMATION:
(949)923-2230

Newport Beach🎃

Halloween Party at the Library
October 31, 2023
4-5 pm

You’re invited to our Halloween Party featuring music group Kids Imagine Nation! Get ready for singing, dancing, and a lot of fun! Children are encouraged to wear costumes and join us after the performance for some coloring and trick-or-treating in the children’s room.

Children must be accompanied by an adult. Space is first come, first seated, and limited by room capacity. Materials are available while supplies last.

LOCATION:
Central Library Children’s Room
1000 Avocado Ave.
Newport Beach, California

Rancho Santa Margarita🎃

Fall Family Festival
Tuesday, October 31, 2023
2-5 pm

Enjoy “spooktacular” fun for all ages at SAMLARC’s Halloween Family Festival! Families can trick-or-treat in a safe and welcoming environment, play in bounce houses and inflatables, and enter the costume contest (child, pet, and family categories). Attendees are encouraged to capture their favorite memories at a festive photo booth, purchase refreshments from local vendors, and enjoy music, games, and more.

Entrance is complimentary for SAMLARC members. Be sure to bring your trick-or-treat bags to fill at the booths around the park!

LOCATION:
Central Park
30842 La Miranda
Rancho Santa Margarita

San Juan Capistrano🎃

Ghosts and Legends Tour
October 27-28, 2023

Get in the spirit of Halloween by joining the Historical Society Walking Tour Guides on a spooky walking tour of Los Rios Street, the oldest residential neighborhood in California. Be prepared for creepy tales of big black dogs, strange monks who have lost their heads, and ghostly tales about a lady in white who have all been seen in this area.

LOCATION:
O’Neill Museum / Historical Society
31831 Los Rios Street
San Juan Capistrano, CA

Glamorous Halloween Outdoor Decor: 5 Ideas to Elevate Your Hauntingly Chic Curb Appeal

Posted on | by Kovacs

As Halloween approaches, it’s time to transform your home’s exterior into a hauntingly elegant display that captures the spirit of the season with a touch of luxury. For those who appreciate the high-end decor, we’ve curated five ideas to help you create glamorous Halloween outdoor decor that will impress every passerby. Get ready to elevate your curb appeal to a whole new level of chic spookiness.

Grand Entrance Lighting

Lighting sets the mood for any outdoor decor, and for a high-end Halloween look, consider grand entrance lighting. Install oversized lanterns flanking your front door with flickering LED candles to create a warm and eerie welcome. Opt for antique-style sconces or wrought-iron fixtures with a Gothic twist for added sophistication.

Exquisite Wreaths and Garlands

Elevate your Halloween wreaths and garlands with opulent materials. Choose wreaths adorned with black satin ribbons, black roses, and metallic accents. For garlands, drape them along your front porch railing with lush, dark velvet bows and faux spiderweb lace for an added touch of elegance.

Statuesque Halloween Statuary

Consider investing in statuesque Halloween statues instead of the typical inflatable yard decorations. Place elegant sculptures of mythical creatures like griffins or gargoyles near your entryway, giving your home an air of old-world charm mixed with spooky allure.

Faux-Creepy Cemetery Vibes

Arrange faux tombstones with intricate engravings and elaborate iron fencing along your front lawn for a high-end cemetery-inspired look. Add oversized urns filled with black roses or crimson dahlias to complete the eerie but sophisticated atmosphere.

Luminous Pathways

Guide trick-or-treaters with luminous pathways leading to your doorstep. Line your walkway with antique-style lanterns, hurricane lamps, or glass pumpkins illuminated from within. These will provide a safe passage and create an enchanting, inviting ambiance.

Unpacking the Long-Term Benefits of Homeownership

Posted on | by Kovacs

If you’re thinking about buying a home soon, higher mortgage rates, rising home prices, and ongoing affordability concerns may make you wonder if it still makes sense to buy a home right now. While those market factors are important, there’s more to consider. You should think about the long-term benefits of homeownership too.

Think about this: if you know people who bought a home 5, 10, or even 30 years ago, you’re probably going to have a hard time finding someone who regrets their decision. Why is that? The reason is tied to how home values grow with time and how, by extension, that grows your own wealth. That may be why, in a recent Fannie Mae survey, 76% of respondents say they believe buying a home is a safe investment.

Here’s a look at how just the home price appreciation piece can really add up over the years.

Home Price Growth over Time

The map below uses data from the Federal Housing Finance Agency (FHFA) to show just how noteworthy price gains have been over the last five years. And, since home prices vary by area, the map is broken out regionally to help convey larger market trends:

If you look at the percent change in home prices, you can see home prices grew on average by just over 57% nationwide over a five-year period.

Some regions are slightly above or below that average, but overall, home prices gained solid ground in a short time. And if you expand that time frame even more, the benefit of homeownership and the drastic gains homeowners made over the years become even clearer (see map below):

The second map shows nationwide, home prices appreciated by an average of over 297% over a roughly 30-year span.

This nationwide average tells you the typical homeowner who bought a house 30 years ago saw their home almost triple in value over that time. That’s a key factor in why so many homeowners who bought their homes years ago are still happy with their decision.

And while you may have heard talk throughout the year that home prices would crash, it hasn’t happened. In fact, experts project home prices will continue to rise for years to come. 

Bottom Line

If you’re wondering if it still makes sense to buy a home today, it’s important to focus on the long-term advantages that come with homeownership. When you’re ready to start your homebuying journey, let’s chat.

October Events 2023

Posted on | by Kovacs

As the leaves begin to change and the crisp autumn air settles in, Orange County comes alive with a vibrant tapestry of events and festivities that make October a truly magical time of the year. From charming fairs that harken back to simpler times to lively festivals celebrating the rich diversity of this Southern California paradise, there’s something for everyone to enjoy. So, grab your calendars and get ready to immerse yourself in the enchanting world of October events in Orange County.

Huntington Beach Oktoberfest 
September 17 through November 5, 2023
Wednesday through Sunday

Join us for a new casual drinking and dining experience in our spacious outdoor patio and Biergarten. Come enjoy the sounds of OKTOBERFEST with German Music, Food, and of course, Imported Beer. OKTOBERFEST is different this year due to the pandemic. Please note masks will be required upon entry and at all times when not seated at your designated area.

LOCATION:
Old World Festival Hall
7561 Center Avenue
Huntington Beach

INFORMATION:
714-696-TAP1 (8271)

Corona Del Mar Annual Sandcastle Contest 
Sunday, October 1, 202310 am to 4:30 pm

Hosted by the Commodores Club of the Newport Beach Chamber of Commerce, thousands of sightseers will descend on “Big Corona Beach” to view amazing sand sculptures created by participants ranging from novice to expert.

Whether you’re a participant or a spectator, it’s a perfect way to spend the day with family and friends.

LOCATION:
Corona del Mar State Beach
(Marguerite & Ocean Blvd., Corona del Mar)

INFORMATION:
949-729-4400

Costa Mesa Orange County Children’s Book Festival 
Sunday, October 1, 2023

The Orange County Children’s Book Festival is designed specifically for children of all ages. This family-fun festival attracts more than 30,000 visitors who will be entertained and delighted by authors, illustrators, booksellers, animals, storytellers, costumed characters, train rides, crafts, food and entertainment, and much much more.

Admission and parking are free.

LOCATION: Orange Coast College
2701 Fairview Road
Costa Mesa

INFORMATION:
(714) 838-4528

Tustin Tiller Days
October 6-8, 2023

Tustin Tiller Days has been a regular event in Tustin since 1957. The event provides an opportunity for Tustin to celebrate Orange County’s agricultural heritage. Features Parade (on Saturday at 10 am), carnival, rides, food and entertainment.

No admission fee

LOCATION: Columbus Tustin Middle School and Recreation Center
17952 Beneta Way Tustin, CA 92780
Tustin, CA 92780

INFORMATION:
714-573-3326

Laguna Beach Laguna Beach Plein Air Painting Invitational 
October 7-15, 2023

The Laguna Beach Plein Air Painting Invitational will be held in Laguna Beach, a famous seaside community and historic artist colony. North America’s most renowned plein-air landscape painters will compete for prestigious prizes and participate in the week of events, including public paint-outs and artist meet and greets.

LOCATION
Festival of Arts Grounds
Laguna Canyon Road
Laguna Beach

Glitterfest – Fullerton
Sunday, October 8, 2023

This event features a collection of creative folks who express their talent through mixed media art. It includes handmade jewelry, sculptures, primitive dolls, paper whimsy, and much, much more!

LOCATION:
Spring Field Banquet & Conference Center
501 N Harbor Blvd
Fullerton, CA 92832

San Clemente Carnival Colossal October 12-15, 2023

San Clemente’s four-day Carnival Colossal and Food Truck Festival is offering thrill rides, games, food, a one-day Special Needs Resource Fair, and two days of games of strength presented by the International Highland Games Federation.

LOCATION:
Vista Hermosa Sports Park
987 Avenida Vista Hermosa
San Clemente

Newport Beach Newport Beach Film Festival
October 12-19, 2023

Set in beautiful Newport Beach, a few blocks away from the spectacular coastline and less than an hour from Hollywood, the Festival annually hosts several premieres and galas for a singular festival experience. This year’s festival will be screening over 100 feature films and 30 short film programs in Orange County.

LOCATION:
Various theaters in Newport Beach, Costa Mesa & Santa Ana

CONTACT:
949-253-2880

Dana Point Doheny Wood
Saturday, October 14, 2023

The show is free to woodie owners and spectators. The state beach does have a park entry fee. Over 150 Classic Woodies and Beachcruisers. Food, friends, fun, raffles, and awards.

LOCATION:
Doheny State Beach [south end of the park]
Dana Point, CA

INFORMATION:
714 968-9798

Irvine Irvine Global Village Festival
Saturday, October 14, 2023
10 am–6 pm

Annual festival representing cultures from around the world; international cuisine; kids’ crafts and activities; cultural and religious exhibits; and an international marketplace. Immerse yourself in cultural displays, indulge in international cuisine, explore the International Marketplace, and keep the little ones in motion with many activities.

Festival admission and parking are free.

LOCATION: Orange County Great Park
6000 Great Park Blvd.
Irvine, CA

INFORMATION:
949-724-6606

Silverado Annual Silverado Country Fair and Folk Festival 
October 14-15, 2023

The Annual Silverado Country Fair and Folk Festival is one of the best family events of the season, which explores the wonders of the area’s Old West rustic culture, great live Bluegrass, Country, and Folk music, Wild West reenactments, handmade arts and crafts, 1800’s activities & lock ’em up makeshift jail, tasty food, beer & wine saloon, plus some silly ‘ole time contests, all nestled under the Oak trees below Orange County’s famous Saddleback Mountain.

LOCATION: Silverado Community Center & Fairgrounds
27641 Silverado Canyon Rd
Silverado, Ca

INFORMATION:
714-649-2411

Orange St NorbertFest 
Friday, October 20, 2023

The annual St. Norbertfest (formerly Oktoberfest) continues to grow and helps to build the parish, school, and the Orange community. There will be great food, fun games such as Sumo Mania, bingo, raffles, exciting rides, and awesome entertainment for everyone—it’s a perfect time for fellowship!

LOCATION:
St. Norbert Catholic Church
300 E. Taft Avenue
Orange, CA 92865

INFORMATION:
(714) 637-4360

San Clemente Walk to End Alzheimer’s 
October 21, 2023

The Alzheimer’s Association Walk to End Alzheimer’s® is full of flowers, each carried by someone committed to ending this disease. Because, like flowers, our participants don’t stop when something’s in their way. They keep raising funds and awareness for a breakthrough in the fight against Alzheimer’s and all other dementia.

Walk to End Alzheimer’s is happening — and you can join us at your local event or Walk From Home in your neighborhood. No matter where you participate, know that your health and safety are our top priorities. All local events will implement safety protocols, including physical distancing, contactless registration, hand sanitizing stations, and more. Per CDC guidelines around crowded outdoor settings, we ask that all Walk attendees be vaccinated against COVID-19 or wear a mask when in an overcrowded area. Masks will be available on-site.

LOCATION:
Mike Ward Community Park
20 Lake Road
Irvine, CA

Your Home Equity Can Offset Affordability Challenges

Posted on | by Kovacs

Are you thinking about selling your house? If so, today’s mortgage rates may be making you wonder if that’s the right decision. Some homeowners are reluctant to sell and take on a higher mortgage rate on their next home. If you’re worried about this too, know that even though rates are high right now, so is home equity. Here’s what you need to know.

Bankrate explains exactly what equity is and how it grows:

“Home equity is the portion of your home that you’ve paid off and own outright. It’s the difference between what the home is worth and how much is still owed on your mortgage. As your home’s value increases over the long term and you pay down the principal on the mortgage, your equity stake grows.”

In other words, equity is how much your home is worth now, minus what you still owe on your home loan.

How Much Equity Do Homeowners Have Now?

Recently, your equity has been growing faster than you might think. To help contextualize just how much the average homeowner has, CoreLogic says:

“. . . the average U.S. homeowner now has about $290,000 in equity.”

That’s because, over the past few years, home prices went up significantly – and those rising prices helped your equity to accumulate faster than usual. While the market has started to normalize, there are still more people wanting to buy homes than there are homes available for sale. This high demand is causing home prices to go up again.

According to the Federal Housing Finance Agency (FHFA), the Census, and ATTOM, a property data provider, nearly two-thirds (68.7%) of homeowners have either fully paid off their mortgages or have at least 50% equity (see chart below):

That means nearly 70% of homeowners have a tremendous amount of equity right now.

How Equity Helps with Your Affordability Concerns

With today’s affordability challenges, your equity can make a big difference when you decide to move. After you sell your house, you can use the equity you’ve built up in your home to help you buy your next one. Here’s how:

  • Be an all-cash buyer: If you’ve been living in your current home for a long time, you might have enough equity to buy a new house without having to take out a loan. If that’s the case, you won’t need to borrow any money or worry about mortgage rates. The National Association of Realtors (NAR) states:

“These all-cash home buyers are happily avoiding the higher mortgage interest rates . . .”

  • Make a larger down payment: Your equity could be used toward your next down payment. It might even be enough to let you put a larger amount down, so you won’t have to borrow as much money so today’s rates become less of a sticking point. Experian explains:

“Increasing your down payment lowers your principal loan amount and, consequently, your loan-to-value ratio, which could lead to a lower interest rate offer from your lender.”

Bottom Line

If you’re thinking about moving, the equity you’ve built up can make a big difference, especially today. To find out how much equity you’ve got in your current house and how you can use it for your next home, let’s connect.

Embrace Tranquility: The Earthy and Natural Color Palette Design Trend

Posted on | by Kovacs

In the world of interior design, trends ebb and flow, but some concepts remain timeless. One such enduring trend has recently been the use of earthy and natural color palettes. These muted, grounding hues bring a sense of tranquility and connection to the natural world into our living spaces. In this blog post, we’ll delve into the beauty of earthy and natural colors and explore how to incorporate them into various design elements to create a harmonious and grounded atmosphere in your home.

The Allure of Earthy and Natural Colors:

Earth tones and natural colors encompass various hues inspired by the environment. From warm browns and rich terracottas to soft greens and calming beiges, these colors evoke a sense of serenity, warmth, and stability. They work exceptionally well in various design styles, from rustic and bohemian to contemporary and minimalist.

Incorporating Earthy and Natural Colors:

  1. Earthy Walls:
    • Terracotta Accent Wall: A terracotta accent wall can infuse a space with warmth and character. It pairs beautifully with light or neutral furnishings and complements earthy decor elements like rattan and jute.
  2. Natural Furniture:
    • Wooden Dining Table: Opt for a wooden dining table with a natural finish. The wood’s grain and texture add depth and an authentic connection to nature. Pair it with earth-toned chairs or cushions for a cohesive look.
  3. Calming Bedroom Retreat:
    • Soft Neutral Bedding: Choose soft, neutral bedding for a serene bedroom oasis. It creates a soothing ambiance reminiscent of a peaceful garden. Complement it with natural wood furniture and neutral walls.
  4. Earthy Decor Accents:
    • Copper Accents: Incorporate copper accents through decor items like vases, candle holders, or light fixtures. The warm, metallic tones harmonize with earthy colors and add a touch of elegance.
  5. Bohemian Oasis:
    • Earthy Textiles: Embrace earthy textiles like woven blankets, macramé wall hangings, and natural-fiber rugs in your bohemian-inspired space. These textures add depth and a sense of grounded energy to the room.

Tips for Achieving a Harmonious Look:

  • Balance Light and Dark: Earthy and natural colors can be quite versatile, but balancing light and dark shades is essential. Use more golden hues on larger surfaces like walls and floors, reserving darker tones for accents and furnishings.
  • Texture and Layering: Incorporate different textures to add depth and interest to your design. Layering rugs, mixing materials, and introducing tactile elements like wooden furniture or stone accents can enhance the overall ambiance.
  • Natural Light: Earthy and natural colors are best showcased in rooms with ample natural light. Consider large windows, sheer curtains, or strategically placed mirrors to maximize natural illumination.
  • Accent with Greenery: Introduce houseplants to bring a touch of living nature into your space. The lush greenery complements earthy tones and adds a refreshing contrast.

In conclusion, the earthy and natural color palette design trend is a timeless choice that brings harmony and a deep connection to the natural world into your home. Whether redecorating an entire room or adding a few accents, these colors offer a grounding, calming, and inviting atmosphere that transcends fleeting trends. By incorporating earthy and natural hues into your walls, furniture, and decor, you can create a space that resonates with tranquility and timeless beauty.

Mortgage Rates: Past, Present, and Possible Future

Posted on | by Kovacs

If you’re hoping to buy a home this year, you’re probably paying close attention to mortgage rates. Since mortgage rates impact what you can afford when you take out a home loan – and affordability is a challenge today – it’s a good time to look at the big picture of where mortgage rates have been historically compared to where they are now. Beyond that, it’s important to understand their relationship with inflation for insights into where mortgage rates might go in the near future.

Giving Context to the Sticker Shock

Freddie Mac has been tracking the 30-year fixed mortgage rate since April of 1971. Every week, they release the results of their Primary Mortgage Market Survey, which averages mortgage application data from lenders across the country (see graph below):

Looking at the right side of the graph, mortgage rates have increased significantly since the start of last year. But even with that rise, today’s rates are still below the 52-year average. While that historical perspective is good context, buyers have gotten used to mortgage rates between 3% and 5%, which is where they’ve been over the past 15 years.

That’s important because it explains why the recent jump in rates might have you feeling sticker shock even though they’re close to their long-term average. While many buyers have adjusted to the elevated rates over the past year, a slightly lower rate would be a welcome sight. To determine if that’s a realistic possibility, it’s important to look at inflation.

Where Could Mortgage Rates Go in the Future? 

The Federal Reserve has been working hard to lower inflation since early 2022. That’s significant because, historically, there’s been a connection between inflation and mortgage rates (see graph below):

This graph shows a pretty reliable relationship between inflation and mortgage rates. Looking at the left side of the graph, each time inflation moves significantly (shown in blue), mortgage rates follow suit shortly after (shown in green).

The circled portion of the graph points out the most recent spike in inflation, with mortgage rates following closely behind. As inflation has moderated a bit this year, mortgage rates haven’t yet made a similar move.

That means, if history is any guide, the market is waiting for mortgage rates to follow inflation and head back down. It’s impossible to accurately predict where mortgage rates will go for sure, but moderating inflation means mortgage rates going down in the near future would fit a well-established trend. 

Bottom Line

To understand where mortgage rates may be going, it’s helpful to look at where they’ve been in the past. There’s a clear connection between inflation and mortgage rates, and if that historical relationship holds true, the recent decline in inflation may mean good news for the future of mortgage rates and your homeownership goals.

September Events 2023

Posted on | by Kovacs

Embrace the autumn breeze and get ready for an exciting lineup of September events in Orange County, California! As the summer sun mellows into a golden glow, this picturesque region is gearing up to offer a diverse array of activities that cater to every interest. Whether you’re a local looking for the next adventure or a visitor eager to explore, Orange County has something special in store for you this September. From art festivals that ignite creativity to food fairs that tantalize your taste buds, and from outdoor concerts that set the stage for memorable evenings to community gatherings that celebrate the spirit of togetherness – there’s no shortage of reasons to mark your calendars. Join us as we dive into the rich tapestry of September happenings, where the warm hues of the season are mirrored in the vibrant events that will leave you inspired and invigorated. Let’s take a sneak peek at what this September has in store for Orange County residents and visitors alike.

Orange – International Street Fair 
Labor Day Weekend
September 1-3, 2023

International foods, crafts, folk dancing, and music. Many different ethnic foods and costumes. The Street Fair has become known for the variety of food reflecting cuisine from around the world. They provide food, drink, entertainment, and crafts to the visitors.

LOCATION:
Street Fair is located in a four-square block area radiating out from the center of the Orange Plaza, which is the intersection of Chapman and Glassell.

Huntington Beach – Huntington Beach Civil War Days 
September 2-3, 2023
opens 10 am

The Huntington Beach Historical Society is proud to host the 28th annual Civil War Days Living History Event in Huntington Beach Central Park during the 160th anniversary of America’s Civil War. Living history events like Civil War Days allow people to experience vivid recreations of life in our past in ways that would not otherwise be possible, and learn about some of the most important moments in our collective history.

This event is facilitated by hundreds of dedicated volunteers portraying people from all walks of life, and as always, our events are free to the public. Come out to see this grand display this Labor Day Weekend!

LOCATION:
HB Central Park
On Gothard, between Slater and Talbert

Laguna Beach – Art-A-Fair June 30 – September 3, 2023

Nestled in beautiful Laguna Canyon, the Laguna Art-A-Fair is one of the premier fine arts summer destinations in Southern California and has been for more than 55 years. Our artists invite you to Celebrate Art with a full spectrum of original creations, affordable reproductions, art demonstrations, workshops, live music, and excellent cuisine.

LOCATION:
777 Laguna Canyon Road
Laguna Beach, CA, 92651

 Fountain Valley – 27th Annual Original Lobster Festival 
September 8-10, 2023
Friday 5-11 PM | Sat. 12-11 PM | Sun. 12-8 PM

Fresh Live Maine Lobsters are flown in daily, prepared to mouth-watering perfection in the World’s Largest Steamers. You can find all things lobster, from lobster rolls to lobster mac and lobster fries, lobster bisque, and even lobster on a stick! Incredible live music – FlashPants (the highest-rated 80s Dance Band), REMJ-Michael Jackson Tribute Show, Bruno and The Hooligans, and the #1 Journey Tribute Band – DSB to name a few.

Fresh Live Maine Lobster • Live Music • Dance Floor • Beach Bars DJ & Dance Instructions • Dance Floor • Food Court with Tasty Lobster eats • Exclusive VIP Lounge • Free Souvenir E-Photo • Carnival Rides & Games • Karaoke Lounge w/Live Band • Local Artisans • Kids Area • Cool Critter Show & Close-Up Encounter (Sat./Sun.) • AND much more to explore.

LOCATION:
Fountain Valley Sports Park
16400 Brookhurst Street
Fountain Valley, CA 92708
FREE PARKING!

Dana Point – Maritime Festival 
September 8-10, 2023

The festival features a spectacular array of fun activities, including live music, mermaid swim shows & breakfast, cannon battles, and Sails N’ Ales, where you can enjoy craft beer tasting from eight different local brewers as well as music by American Idol contestant Casey Abrams, mermaid encounters, food vendors, and a prime viewing location of the visiting tall ships.

LOCATION:
Dana Point Harbor / Ocean Institute
Shuttle service from Salt Creek Beach Park at Pacific Coast Highway and Selva Road & from Dana Hills High School)

INFORMATION:
949-496-2274

Costa Mesa – South OC Cars and Coffee and Cruisin’ For A Cure Car Show 
September 9, 2023
9 AM-Noon

Many hypercars, supercars, exotics, vintage, classic, muscle and sports cars, hot rods, rat rods, pickups, 4×4’s, and motorcycles are expected to be on display. Cruisin’ For A Cure will be offering prostate cancer screening.

LOCATION:
OCFair & Events Center
Costa Mesa, CA

Huntington Beach – Oktoberfest 
September 17 through November 5, 2023
Wednesday through Sunday

Enjoy authentic German Food, imported German Beers, German Bands, an army of Beautiful Shot Girls, and other festivities, competitions, games & more.

LOCATION:
Old World Festival Hall
7561 Center Avenue
Huntington Beach

INFORMATION:
714-696-TAP1 (8271)

San Juan Capistrano – San Juan Capistrano Greek Festival 
September 23-24, 2023

Be Greek for the day! Enjoy authentic Greek food and pastries, live Greek music and dancing, shopping at the Greek bazaar, kid-friendly activities, and exhibits featuring Byzantine icons and traditional Greek costumes.

$3 admission.

LOCATION:
San Juan Capistrano Community Center
25925 Camino Del Avion
San Juan Capistrano, CA 92675

INFORMATION:
(949) 542-3445

San Clemente – Toast to the Casa: The Golden Age of Hollywood 
Saturday, September 30, 2023
5:30 – 10 pm

Support Casa Romantica at Toast to the Casa with high-energy music and dancing, food, and drinks from 25+ vendors, fun-filled games, and a dazzling selection of live and silent auction items. Raise a glass to the Golden Age at the historic Casino in San Clemente featuring the Main Stage Star: Lizzy and the Triggermen. Funds raised at Toast to the Casa support Casa Romantica’s community, artistic, and preservation programs.!

LOCATION:
Casa Romantica Cultural Center and Gardens
415 Avenida Granada
San Clemente, CA 92672