Existing-home sales fell last month as mortgage rates eclipsed 7% and home prices continued to rise. But some market segments are showing resilience: High-end home sales—listings at $1 million and above—posted significant gains in April, increasing 40% compared to a year ago, according to the National Association of REALTORS® latest housing report. The share of first-time home buyers also is rising.
Still, higher mortgage rates are likely the prime culprit for causing a slower spring market. NAR’s existing-home sales index, which reflects completed transactions for single-family homes, townhomes, condos and co-ops, shows sales fell nearly 2% in April compared to March and are down by about 2% from a year ago. All four major regions of the U.S. saw a decline in home sales last month.
“Home sales changed little overall, but the upper-end market is experiencing a sizable gain due to more supply coming onto the market,” says NAR Chief Economist Lawrence Yun. The market for homes priced at $1 million or more saw listings jump 34% in April compared to a year ago, and buyers responded to the greater housing choices.
Read more... nar.realtor
SAVE THE DATE! JUNE 15TH, 11AM - 2PM
The Regina Vannicola Real Estate Group & Melanie Sommers Team is excited to announce our 2nd Annual Big Gay Bake Sale in support of Pride Month.
If you are interested in participating in the event or donating to the Los Angeles LGBT Center please contact [email protected] for more information. We look forward to seeing you on June 15th!
Source: themls.com
Food Obsession of the Month
Cookie Dough Keto Fat Bombs
Fat bombs alone make us want to go on the Keto diet, but we'll take any excuse to eat cookie dough. These are perfect to keep stored in the freezer for whenever the craving hits!
Source: delish.com
- 1/2 c. - (1 stick) Butter, softened
- 1/3 c. - Keto friendly confectioners sugar (such as Swerve)
- 1/2 tsp. - Pure Vanilla Extract
- 1/2 tsp. - Kosher Salt
- 2 c. - Almond Flour
- 2/3 c. - Keto friendly dark chocolate chips (such as Lily's)
Local Happenings
June 29th - 30th
200 Santa Monica Pier
Santa Monica, CA 90401
Santa Monica Pier 360 Beach Festival celebrates the best of beach life with an awesome, FREE, all-ages festival! With ocean sports competitions, live music, food and drinks, interactive games, sampling by some of your favorite brands and so much more, Santa Monica Pier 360 offers a peek into iconic SoCal beach culture and brings together thousands of guests for a day of good vibes. Whether you're hanging with the family, competing on land or at sea, or partying with your friends–Santa Monica Pier 360 Beach Festival has got it all!
Click HERE for more info
Every Saturday | 5/11 - 6/29 | 9-10am
200 Santa Monica Pier
Santa Monica, CA 90401
Immerse yourself in wellness every Saturday, May 11th to June 29th, from 9-10am at the west end of the Santa Monica Pier. Join us for rejuvenating yoga sessions and mindfulness exercises, all for free! Just bring your yoga mat, preferred water bottle, and maybe a towel, and get ready to be guided by an incredible instructor. Stay in the loop with the Wellness&Waves schedule through our social media channels. See you there!
Click HERE for more info
Lifestyle Tips & Tricks
It’s no secret that real estate prices have increased substantially in the past few years, with the pandemic era of the early 2020s seeing massive spikes in home prices nationwide.
Social media causes a lot of hype, but trends change frequently and could hurt resales. Sellers are wise to play it safe with timeless simplicity.
The housing market is in a strange place this spring...
Before you plant that "For Sale" sign in your yard, plant shrubs and flowers. to boost your curb appeal!
