It’s A New Market Out There

November 9, 2022

It’s A New Market Out There

It’s A New Market Out There

We are well into fall which traditionally points to a seasonal slowdown in sales. In addition to that annual downturn, interest rates have continued to increase, changing the market realities for both sellers and buyers. Buyers are now able to ask for discounts and/or concessions, where even a month ago homes were selling above asking price and in as is condition. Some sellers, meanwhile, have been taking a “wait-and-see” approach, sometimes even pausing their sale and considering a long-term lease agreement instead, while others are still getting multiple offers. It really matters how you go to market now, how you price your property, and how you get your home ready for market. As always, who represents you is also crucially important. 

Cash buyers and those with adequate liquidity will be the contenders in this market and first-time home buyers are making aggressive offers to enter the market now, so there is still movement in the market despite growing concerns. With the right representation and advice, there are opportunities for buyers to get incredible deals. There are ways to navigate the current conditions, and we’re happy to offer you help on your home buying or selling journey! 

Read Our November Newsletter Here

Recent Blog Posts

Stay up to date on the latest real estate trends.

Real Estate Market Update - 08/08/2023

August 9, 2023

Mortgage rates have seen a slight increase as of July 27. The 30-year fixed-rate mortgage now stands at 6.81%, up from last week's 6.78%. Comparatively, this time last… Read more

The Market Momentum This Summer

July 10, 2023

We are delighted to bring you some exciting highlights on the current state of the Greater Los Angeles and Orange County housing markets. As we delve into the luxury a… Read more

A Strong Start in Summer Sales

June 9, 2023

The residential housing market in Los Angeles and Orange County has exhibited remarkable strength, marked by high demand and limited supply. This trend shows no signs … Read more

Gearing Up for the Start of Summer

May 18, 2023

The recent rate hikes by the Federal Reserve have had a noticeable impact on mortgage rates. As interest rates rise, mortgage rates tend to follow suit, making it more… Read more

Springing Ahead in the 2023 Real Estate Market

April 21, 2023

As we enter the Spring season of 2023, we wanted to provide you with an update on the current state of the real estate market. In recent months, we have seen a steady … Read more

Spring Forecast for L.A. Home Sales

April 4, 2023

Spring is here and is typically a busy time for our team to prepare our sellers to list their homes on the market. Simultaneously, we have been working diligently to f… Read more

Banking Disruptions - A Potential Silver Lining for Homebuyers

March 17, 2023

So much has happened these last two weeks in the banking sector. The collapse of two prominent banks has caused a state of panic, forcing the Federal government to mov… Read more

Getting Past the Rain

March 3, 2023

Torrential rains and mortgage rates hikes in Los Angeles and Orange County amidst the past several weeks didn’t stop many of our buyers and sellers from making big mov… Read more

The Housing Market Is Off to the Races

February 14, 2023

January was a hot month where we saw buyers jumping back into their home searches as mortgage rates took a brief yet significant nose dive compared to where rates were… Read more

Let's Talk

You’ve got questions and we can’t wait to answer them.