Santa Monica Monthly – December 2022
Global Trends Impacting Real Estate in 2023 Looking ahead to the new year, the annual report from PwC highlights the top factors that will drive changes to real estate. Macro forces of today will result in changes for real estate in 2023-from the sales pace and buyer preferences to city infrastructure and investor demand. Check […]
Santa Monica Monthly – November 2022
Where Have Homeowners Built the Most Wealth? According to Bankrate, longtime homeowners have acquired exponential gains in their home value over the past few years. But it’s not just for ultra-luxury homes-many average homeowners have properties worth millions in certain housing markets. Take a look at how have homes earned value, based on data pulled […]
Santa Monica Monthly – October 2022
Housing Prices Are Dropping – Yes, A House Is Still A Good Investment If you’re thinking about buying a new home but have reservations in the current market, don’t be deterred-there’s still good reason to start building home equity. From a hedge against inflation to tax benefits, check out all the advantages of buying today. […]
Santa Monica Monthly – September 2022
Support The Leukemia & Lymphoma Society Join us on Saturday, September 17th as we host the 2nd annual neighborhood ‘Sip, Snack & Support’ at Margo’s Pizza Kitchen & Bar for an evening of live music, incredible silent auction items, and raffle prizes including gift cards to some of our favorite local restaurants! Margo’s Pizza Kitchen […]
Santa Monica Monthly – August 2022
Support The Leukemia & Lymphoma Society Save the Date: Sip, Snack & Support Join us on Saturday, September 17th as we host the 2nd annual neighborhood ‘Sip, Snack & Support’ at Margo’s Pizza Kitchen & Bar for an evening of live music, incredible silent auction items, and raffle prizes including gift cards to some of […]
Santa Monica Monthly – July 2022
June 2022 Monthly Housing Market Trends Report The inventory of homes for sale increased again in June, the largest increase in the data’s history. The national inventory of active listings increased by 18.7% over last year, while the total inventory of unsold homes, including pending listings, still declined by 1.4% due to a decline in […]
Santa Monica Monthly – June 2022
Mortgage rates rise sharply after three weeks of easing Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News Daily. Volatility in global markets Monday sent bond yields higher. Mortgage rates follow loosely […]
Santa Monica Monthly – May 2022
Home Buyers Rushed In as Mortgage Rates Rose, Boosting Housing Prices Across U.S. Home prices continued to surge in virtually every corner of the U.S. during the first quarter as mortgage rates rose rapidly, according to a Tuesday report from the National Association of Realtors. Many buyers rushed to lock in purchases in the first quarter before rates […]
Santa Monica Monthly – April 2022
Most and Least Expensive States To Live In Thinking about your next big move? Choosing a place to live is a highly personal decision, and there are a lot of factors that go into it besides purely financial ones. For example, maybe you live in a place with a high cost of living, but you’re […]
Santa Monica Monthly – March 2022
Fed Chair Powell notes ‘highly uncertain’ Ukraine impact, but says rate hikes are still coming Federal Reserve Chairman Jerome Powell still sees interest rate hikes coming, but noted Wednesday that the Russia-Ukraine war has injected uncertainty into the outlook. Powell said he sees a series of quarter-percentage-point increases coming, though he left open the possibility […]