Hey Southern California! It's time for our monthly Southern California Real Estate Market report where we provide you with the latest and most accurate real estate market updates for the Southland. Today, we'll be sharing market data for the month of June 2024, which is the most recent data available.In this month's report, we'll be focusing on the key statistics that reflect the current conditions of the...
Why a Foreclosure Wave Isn’t on the HorizonEven though data shows inflation is cooling, a lot of people are still feeling the pinch on their wallets. And those high costs on everything from gas to groceries are fueling unnecessary concerns that more people are going to have trouble making their mortgage payments. But, does that mean there’s a big wave of foreclosures coming?Here's a look at why the...
A Newly Built Home May Actually Be More Budget-FriendlyIf you’re in the market to buy a home, there’s some exciting news for you. Many people assume that newly built homes are more expensive than existing ones (houses that have already been lived in), but that’s not always the case. In fact, exploring newly built homes can sometimes lead to more cost-effective options, especially today. Hard to...
How the Economy Impacts Mortgage RatesAs someone who’s thinking about buying or selling a home, you’re probably paying close attention to mortgage rates – and wondering what's ahead.One thing that can affect mortgage rates is the Federal Funds Rate, which influences how much it costs banks to borrow money from each other. While the Federal Reserve (the Fed) doesn’t directly control mortgage...
If you are here, there is a good chance you are considering the best ways to continue enjoying the comfort and familiarity of your own home as you age. Here in Southern California, where the sun shines brightly and the community spirit is strong, many seniors like yourself are exploring the concept of "aging in place."Aging in place means staying in your own home and community as you grow older rather than...
As Americans live longer, the need for long-term care services grows. For many, requiring assistance with daily activities or moving into a nursing home is a daunting prospect, not only emotionally but also financially. In California, where long-term care costs are among the highest in the nation, planning for these expenses is crucial for a secure and dignified retirement.Long-term care includes a wide...
Do Elections Impact the Housing Market?The 2024 Presidential election is just months away. As someone who’s thinking about potentially buying or selling a home, you’re probably curious about what effect, if any, elections have on the housing market.It’s a great question because buying or selling a home is a major decision, and it’s natural to wonder how such a major event might impact your...
Worried About Mortgage Rates? Control the ControllablesChances are you’re hearing a lot about mortgage rates right now. You may even see some headlines talking about last week’s Federal Reserve (the Fed) meeting and what it means for rates. But the Fed doesn’t determine mortgage rates, even if the headlines make it sound like they do.The truth is, mortgage rates are impacted by a lot of...