How Does Summer 2023 Look for Home Sales? Mortgage rates, which vary daily, have been stuck in the 6.5% plus or minus range. This seems high compared to last year. However, buyers have been using short term buy downs, fixed rate loans that float after 3 to 7 years and adjustable loans to help qualify. […]
Hello Friends. The Lakers finished off the Warriors in a 4-2 series and are headed to the Western Conference finals. First time ever that all four CA teams made it to the playoffs, the Lakers, Clippers, Warriors & Kings. The Dodgers are playing over 600 and Angels are over 500 so far. With all the […]
Why is the Real Estate Market Better than Expected? The real estate market suffered last year when the Federal Reserve started raising interest rates to combat inflation. By June of 2022 mortgage rates hit 6%, more than double the 2.75% rates found in January. While 6% is good by historical standards many buyers no longer […]
Hello friends. Can you believe all the rain? Mammoth and many mountains have all time record snow and they have been keeping records since 1893. Have you heard about the “California Double?” Surfing and snowboarding on the same day have become a reality. The Queen Mary is open again for public tours for the first […]
HOW DOES SPRING 2023 LOOK? Mortgage rates around 6% Inventory of homes for sale is low Qualified buyers are out there Job market holding up despite tech dip Stock market improved in March All together meaning better than expected for sellers! DOES PREPARING YOUR HOME FOR SALE PAY OFF? We recently had a home that […]
Hello friends. Happy St. Patrick’s Day. Looks like the drought is broken with record rainfall and snowpack. However, it is still smart to conserve water when you can. Have you recently seen a rainbow? Westbrook has been traded to the Clippers but LeBron got injured so the new look Lakers will have to wait until […]
THE SPRING 2023 SELLING SEASON 1) January and February were better than expected for home sales. You can see the SOLD signs. 2) Inventory, the number of homes for sale, is tight, which is good for sellers. However, it should increase during the spring. 3) Mortgage rates dropped at the end of last year (still […]
February is here along with the Chinese lunar new year, the year of the Rabbit. Is the drought over? We are way ahead in snowpack and rainfall so let’s keep our fingers crossed. The Dodgers are going to retire Fernando Venezuela’s #34 jersey. He sure excited the game and fans when he broke in. QB […]
HOW HAVE HOME SALES STARTED OUT FOR 2023? Much better than expected with: 1) Mortgage rates are around 5.75% plus or minus.Down from a high of 7% last winter. 2) More qualified buyers have come back in the market after the holidays to purchase a home. 3) Inventory, the number of homes for sale, has […]
Happy New Year friends. Hope you had a good holiday season. 2023 is off and running. Fingers crossed all the rain we have been getting will break the drought. The Lakers continue to flounder with injuries and the Clippers are doing better. The Rams collapsed and the Chargers improved. Who do you think will win […]
