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You only need to glance at our Absorption Rate Analysis chart for October to see it was a month that brought big changes. For as long as we’ve been officially tracking absorption rates, we’ve seen almost unanimous movement toward a seller’s market. But for the first time, we actually saw all areas except one drop toward a buyer’s market! And while most are still firmly i...
It can be tough to get into the spirit of the holidays when you live in Southern California. After all, our weather is just so relentlessly perfect that we just can’t quite get that snowed-in sense of coziness. But packing the family into the car and checking out some of the area’s best (and free) Christmas light displays can do the trick. There’s something just so spectrally ...
On Tuesday, the “core” CPI figure (which excludes fuel + food) for November eased to 6.0%. This was modestly lower than expectations, driving a bond market rally that pushed 30-yr mortgage rates below 6.3%. A day later, the Federal Reserve lifted short-term rates by 50 bps (that’s half a percent). While this was no surprise, the Fed’s forecasts wer...
If you’re looking for a traditional New Year’s Eve celebration, it’s tough to beat Times Square in New York. And Las Vegas is also always a great time. That being said, New Year’s Eve Los Angeles-style is a completely different animal. And while New Year’s Eve is often about looking to the future, these five local options pay reverent tribute to our...
A New Year allows for a new outlook – and that often includes a rethink of our homes. As the Christmas decorations come down, it is the perfect time to consider a refresh of your home for the year ahead. Whether you are looking to incorporate new interior design trends, or want to shift to a more timeless scheme, there are plenty of easy refreshes you can do that don't r...
How far do you think you’d get in your real estate career without your relationships? In this industry, success is often directly tied to the way you interact with others. And we’re not just talking about your clients. We’re talking about your fellow agents, whether in your firm or sitting across the negotiation table. We’re talking about your trusted vendors; your commu...
Every year, Pantone announces its Color of the Year. Once they unveil the most anticipated shade to the world, every industry from fashion to home décor to hospitality all follow suit and begin to introduce new items for us to go crazy over. For the most part, the colors that they have chosen over the years have been a little bit more predictable. This year Pantone ...
Sometimes it feels like there just aren’t enough hours in the day… or so I’m told. I honestly can’t relate. It’s not because I have a shortage of things to do. In fact, I have a fully scheduled “to do” list greeting me everyday. But I fall asleep each night content in the knowledge that I’ve used my time in the most efficient manner possible. The...
Newsletter - 1/30/2023 Week of January 23, 2023 in Review Housing activity moved higher in December, inflation continues to cool, and more recession signals are flashing: Inflation Turning the Corner Pending Home Sales Rise for First Time in Six Months New Home Sales Ticked Higher in December Caveats to Positive Fourth Quarter GDP Initial Jobless Claims Decline for Second Co...
At first glance, January seems like it was a big month for the Los Angeles housing market… at least in some neighborhoods. The absorption rate had massive drops toward a buyer’s market in Northridge and Burbank. Then there was a significant drop in Encino which we’ll also examine a bit more in just a moment. That’s not to detract from decent bumps further into seller&rs...
