April 4, 2023
Spring is Here
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 find our buyers the best properties and deals possible in a market that remains very competitive.
In just these last two weeks, we have witnessed tightening mortgage underwriting standards as a direct result of troubles experienced in the banking sector; however, this hasn't stopped our most serious clients from staying focused in their home searches, especially with mortages rates dropping for 3 consecutive weeks and being the lowest rate within the last 6 weeks.
In uncertain times like these, it is all the more reason to work with our team made up of some of the best agents in the business. Our proven track record of delivering great results, especially during challenging times, provides assurance that you will be in great hands.
What's the Spring Forecast for L.A. home sales?
Pick up 5 different newspapers and you may get 5 vastly different stories about the housing market: Median home prices have dropped year-over-year for the first time since 2012! The number of home sales is up month-over-month! Interest Rates are up! Interest rates are down! Even headlines such as this one by CNBC can be confusing at first glance: "Home sales spike 14.5% in February as the median price drops for the first time in over a decade."
What are we to make of all the mixed messages? We have to remind ourselves that the Los Angeles market is significantly different from other markets in California (including the Bay Area) and the rest of the country. And even within Los Angeles, how the market is behaving depends on the popularity and appeal of specific locations. You would be best served to discuss with a team that is truly "boots on the ground" in the areas that you are most interested in, a team like ours that is working on listings and transactions and writing offers on a daily basis.
We have fortunately been very active and successful this year so far in this crazy market, completing sales and purchases throughout much of Los Angeles. If your goal is to purchase for a good deal, we can identify those pockets that may be under-the-radar at the moment with potential great upside. If you are seeking a home in a coveted neighborhood, we can formulate the best strategy to help ensure you do not lose out to other interested buyers. Additionally, our team has a number of off-markets and we have partners with coming soons that we can give you access to.
Please feel free to reach out if you have any specific needs and to see how we can give you an inside advantage into certain markets.
Stay up to date on the latest real estate trends.
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…
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…
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 …
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…
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 …
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…
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…
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…
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…
You’ve got questions and we can’t wait to answer them.