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 […]
REAL ESTATE FORECAST FOR 2023There has been a lot of uncertainty in real estate and the economy in 2022. Mortgage rates more than doubled from under 3% to over 6%. Many buyers who qualified at 3% no longer qualify at 6.25%. Employment locally remained good. The stock market went down substantially affecting consumer confidence and […]
Hello Friends. Wishing everyone happy Halloween. The Dodgers finished the season with one of the all time best records in baseball with 111 wins. Unfortunately the Padres eliminated them from the play offs. Both USC and UCLA are playing great football. The cross town show down is November 19th at the Rose Bowl. The Lakers […]
END OF THE YEAR REAL ESTATE QUESTIONS 1) Can I still get my home sold and closed before the end of the year?Yes, you can. An average escrow is now 30 to 45 days. So if you are under contract by midNovember and no later than December 1st, yes. 2) What are the best times […]
Hello Friends. Fall is here and the kids are back in school. However, it doesn’t mean all the warm weather is gone. Halloween is just around the corner. The Dodgers won the National League West with the best record in baseball. Let’s hope they bring another World Series championship home. USC is starting out strong […]
IS FALL A GOOD TIME TO SELL A HOME? Yes! Once we get past Labor Day and back to school, home sales pick up. Buyers who stepped out of the market, want to be in a new home before year’s end, and are serious will be looking for a home to purchase. Everyone knows the […]
Hello Friends. Summer is here. Time for a refreshing root beer float. Do you have any vacation plans? The Dodgers are smoking along playing exceptionally well and the Angels, despite having Ohtani, are struggling. Will the Lakers make a big trade involving Westbrook? The Clippers new arena has broken ground in Inglewood. USC and UCLA […]
HOW IS THE REAL ESTATE MARKET? 1) Mortgage rates declined to around 5%.2) Multiple offers have subsided with some homesseeing them while most are not.3) The number of homes for sale has increased.4) The time to sell a home is slowly increasing.5) A lot of news stories talk about a coming crash in home values. […]
Summer is here, hope you had a great 4th of July! The Dodgers are leading the National League West and the Angels are up and down. Their star pitcher Ohtani struck out 13 batters and is hitting home runs, inviting comparisons to a young Babe Ruth. Congrats to the Golden State Warriors on their championship! […]
HAS THE REAL ESTATE MARKET PEAKED? Home prices have have been on an upward trend since 2012 and exploded the last 3 years. Ten years is a long time for an up cycle. Previous factors that brought an end: 1) High mortgage rates 2) Layoffs and job uncertainty 3) Speculation and stated income loans. We […]
