June 5, 2024
May 2024: Los Angeles Market Update
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 are feeling optimistic, the market continues to remain busy. In Los Angeles County, the number of homes sold increased 4.9% from March to April and average days on the market decreased 7.9% as buyers are making quick and smart real estate moves. Sellers are also looking to take advantage of the active real estate market as the number of homes listed increased 14.9%.
Homes in prime neighborhoods are continuously going into multiple offers, and at Highland Premiere, our top agents have skillfully and successfully navigated our buyers through the tough current market. Despite the low inventory, we have successfully closed on multiple homes for our buyers. For our sellers, we have successfully sold their homes at premium prices throughout the month of April.
Even in current times, there are incredible real estate deals to be found, and at Highland Premiere, we are always ready to guide you through these dynamic times. We ensure you will have the best team at your disposal to find exclusive opportunities and negotiate the best deals. Our clients are our family, and we guarantee we will guide you with great care and knowledge. We are always here to assist, so please do not hesitate to reach out if you are ready to start your real estate journey.
Stay up to date on the latest real estate trends.
December 27, 2024
As we reflect on this past year, Dennis and I want to express our deepest gratitude. Leading Highland Premiere has been an incredible journey, made possible by the har… Read more
December 15, 2024
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December 9, 2024
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December 6, 2024
December has brought festive holidays, cozy vibes and a deceleration of the residential real estate market in Los Angeles. As expected every holiday season, as Los Ang… Read more
November 22, 2024
The definition of luxury living has evolved to address the growing interest in ecological concerns and sustainability. Leading this evolution is the city of Los Angele… Read more
November 11, 2024
October was an exciting month for both our clients and team. Many of our clients took advantage of the lower mortgage rates and closed or locked in their properties pr… Read more
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 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 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
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