Leave a Message

Thank you for your message. We will be in touch with you shortly.

Market Beginning to Normalize

September 25, 2022

Market Beginning to Normalize
It’s no secret that the COVID-19 Pandemic created challenges for homebuyers, sellers and their agents! For instance, property showings were limited to only 15-minute windows with competing buyers lined up before and after you to tour the same property.

During the shutdown, buyers who wanted to view a home had to sign waivers and disclosures and were allowed very limited time inside the property. They were forced to make a decision and/or an offer with very little time imagining their families and furnishings in this new space. The competition was fierce for single-family homes as everyone sought a safe outdoor sanctuary with big backyards. 

As we continue to slowly ease out of the pandemic mindset, what we’re beginning to see now is the real estate market gradually returning to normal. Open houses are more relaxed and welcoming events again, where buyers can stroll through the property at a leisurely pace, and potentially see a property multiple times. At the same time, the market for quality homes remains competitive and many buyers are worried about escalating interest rates later this year and next year, so it’s important for buyers to act quickly and decisively if they find a property they really like. We’re here to guide you along the way, and help make your home buying or selling journey as smooth a ride as possible.
 
Click Here For Our September 2022 Newsletter

Recent Blog Posts

Stay up to date on the latest real estate trends.

October 2024: Los Angeles Market Update

October 7, 2024

As we enter October, the autumn season brings some uncertainty to the real estate market. Despite continually declining interest rates this summer, the Los Angeles rea… Read more

September 2024: Los Angeles Market Update

September 9, 2024

September brings continually declining mortgage rates, which remain flat at its lowest rate in over a year at 6.35% for the 30-year fixed mortgage. However, the decrea… Read more

August 2024: Los Angeles Market Update

August 14, 2024

August brings positive news as mortgage rates have declined to its lowest rate in over a year, settling at 6.47% for a 30-year fixed mortgage, according to Freddie Mac… Read more

July 2024: Los Angeles Market Update

July 12, 2024

Over the 4th of July holiday weekend, Highland Premiere was busy prepping many new listings to be launched this week! We will have a total of four new listings for sal… Read more

June 2024: Los Angeles Market Update

June 17, 2024

As we enter the summer season, the mortgage rates continue to hover around 7% for the past 5 weeks, landing at 6.99% for the 30-year fixed mortgages this past week. Ma… Read more

May 2024: Los Angeles Market Update

June 5, 2024

As we get into the crux of the spring home buying season, interest rates have dropped after a 5-week climb, from 7.22% to 7.06% for 30-year fixed mortgages. As buyers … Read more

April 2024: Los Angeles Market Update

April 15, 2024

As we entered April, the current landscape of the real estate market has evidently shifted. There are two movements at play: the increase of inventory and the decrease… Read more

Optimism is in the Air

February 5, 2024

The outlook for the 2024 housing market can probably be characterized in one word: Optimism. We are starting to see a lot more optimism this year already, coming out o… Read more

New Year, New Beginnings

January 20, 2024

As we embrace 2024, it's a time for new beginnings, and the real estate landscape in Los Angeles and Orange County is no exception. We're thrilled to share that the ho… Read more

Let's Talk

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