Why the Next Few Days Could Determine the Strength of the Real Estate Market in 2023
In congressional testimony given by FED chairman Jerome Powell this week, he stated that the FED funds rate is likely to end up higher than previously expected and they are leaving themselves open to a faster pace of rate hikes in the coming months. The most recent rate hike was …
Interest Rates Resume Rapid Rise
After a steep decline in mortgage interest rates from November through the end of January, rates have quickly returned to the up-side in February with the 10-year treasury yield rising over 50 basis points during that time. Following this rise in treasury yields, the average 30-year fixed conforming loan rate …
Why New LA Area Transfer Taxes are Dangerous and Will Not Last
Recently, voters passed two new measures in the cities of Los Angeles and Santa Monica to establish additional transfer taxes on the sale of real estate. These taxes kick in for sales over a certain price with the additional revenue going to curb homelessness. In Los Angeles, this measure is …
Tomorrow’s CPI Release has Serious Market Implications
As we’ve previously discussed (and a topic that everyone has been hearing about a lot), the United States and the world have been dealing with severe inflation for the last year or so. This is mostly a result of massive stimulus pumped into the economy during the pandemic, including artificially …
Inflation – What is it and How Long Will it Remain?
Inflation is the nasty word we’ve been hearing a lot about this year. Inflation is defined as the increase in prices and decline in the purchasing power of money. Inflation generally runs about 2% per year in this country and, until recently, the United States has not experienced severe inflation …
It’s a Buyer’s Market!
After years of waiting, it’s finally here. Aside from a short blip during the first few months of the pandemic in 2020, we have not seen a slowdown in demand like this in years. For sale inventory is increasing and offers are slowing substantially. When 5+ offers for condos and …
How Will the Playa Vista Market Perform in 2022?
Wow! It’s 2022 already?! While last year flew by, the real estate market has continued to soar. Low supply combined with low interest rates have kept it a seller’s market. Playa Vista dusted off its poor showing in 2021 with median prices up close to 15% year over year (December …
How’s the Market in Playa Vista?
It doesn’t take a real estate expert to tell you the past year and a half has been unlike any other. The pandemic has dominated the world and the real estate markets have followed our personal changes in adapting to the challenges. Things started getting really scary with Covid last …
Social Distancing, Amenity Closures. Will Playa Vista Return to Pre-Pandemic Life?
For over 10 months now, the world has been gripped by the Covid-19 pandemic, which has affected virtually everything we do outside of the home. Playa Vista, in all of its uniqueness, is a community designed with shared outdoor spaces, little distancing, and lifestyles revolving around community amenities and activities. …