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By Lisa Delzompo 951-704-4559, Experienced, Trusted, & On Your Mission: Home
(Sand to Sea Properties, Inc.)
Comments 0
Housing Market Predictions 2022 | Housing Market 2021 Dusting off my Econ degree from college, let’s talk which way the market indicators are pointing. We’ll take on each of the indicators, compared to the 2000's recession, which we helped hundreds of people through, and the thing was the biggest indicator right before the huge price drop in home prices in the 2007-2012 recession. There are two main things: Supply and Demand of houses, and Affordability. Supply of houses in California is out of whack. It’s a Seller’s market – when a Seller puts a home on the market at a price that is in the range of value for that home, and 15 or 25 buyers make offers over the asking price and appraisals are coming in low. On a basic level, that means there are not enough houses available for the number...
By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com:  Today is the BIG Day for economic data!  The Jobs Data from the Bureau of Labor Statistics (BLS).  The Non-Farm Payrolls had a HUGE Miss today, as they reported only 266k jobs created for April (when they had expectations of nearly a million); and March was revised lower, going from 916k to 770k.  The Unemployment Rate rose to 6.1% as a result of these very week numbers.  However, Average Earnings rose 0.7% in April, as Employers try to entice employees back to work.  Also, the Average Workweek Hours rose 0.1% to 35.0/week.  Lastly, Wholesale Inventories rose 1.3%.  Stocks are Up, even though the economic data was very weak.  Investors are looking at it as Bad News is Good News today.  A few Fed Members are speaking today; which Neel Kashkari (a Fed M...
By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com:  Initial Jobless Claims dropped down to 498k in this week's report (ahead of an important data being released tomorrow, The Bureau of Labor Statistics Non-Farm Payrolls).  However, it is important to note that Continued Claims did have a slight uptick this week by about 37k.  We get our second look (with final results coming next month) at the Q1 Labor Costs and Productivity.  Labor Costs were Down by 0.3% during Q1 and Productivity rose by 5.4%.  Overall, our economic data was very healthy today!  Stocks are Mixed today, as Technology Stocks are pulling down NASDAQ.  The Q1 Corporate Earnings Reports overall continue to above expectations.  There are several members of the Fed speaking this week.  After Yellens interview on Monday, many have restated ...
By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com:  The ADP reported only 742k in new private payrolls today, which missed the 800k forecasts.  However, March's data was revised higher from the initial at 517k to 565k.  Also, the ISM Non-Manufacturing PMI dropped in April from 63.7 to 62.7, which forecasts called for 64.3.  Both reports disappointed the Markets early on; however Stocks regained their Positive position.  Most are realizing that the ADP number, even though it missed, it's still a very good number, which we haven't seen in a long while.  Meanwhile, Janet Yellen clarified her remarks from the interview released yesterday that she wasn't trying to predict or influence the Fed into changing their stance on raising rates. MBS started a little lower today, but quickly went to "near" Unchanged ...
By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com:  Factory Orders disappointed in March, as many economists had expected 1.3% (some even thought higher) MoM growth; however, it came in at 1.1%.  Stocks are Down this morning after comments by Treasurer Janet Yellen.  She indicated that the Fed could raise rates much sooner if the economy begins to overheat.  MBS was higher until those comments too; and is currently Down 2bps.  Mortgage Rates remained Unchanged from yesterday's close.  Yields have slid down further (including below it's 50 DMA); and are currently at 1.59%.Please subscribe to my YouTube Channel at MikesDailyMarketRptAlso, these videos are base on my views and not represented by any other entity, but my own.  I work as a Loan Officer, and if you'd like information on Mortgages, or how I c...
By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com:  ISM Manufacturing PMI came in a bit lower in April at 60.7, based on forecasts of 65.0.  Construction Spending also disappointed, as it was forecasted at 1.9% increase, and it just increased by 0.2% in March.  Stocks are Mixed today, as NASDAQ is lone index in the Red today.  There was some positive economic data out of Europe, along with lower COVID cases.  This initially lowered MBS, which recovered somewhat; and it currently just down 3bps.  It did test much higher levels, but we're currently at previous high levels.  It may take a bit more to push it higher.  Mortgage Rates are currently Unchanged from Friday's close.  Yields had started higher and have subsided too; down to 1.61%.Please subscribe to my YouTube Channel at MikesDailyMarketRptAlso, ...
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Comments 34
Hard to believe today is May 1st! Did you know it is also Military Appreciation Month?Congress in 1999 designated the month of May as Military Appreciation Month. Customarily Presidents since than have been issuing an annual Proclamation reminding Americans to celebrate this month. Have them be patriotic and  pay tribute those who served in the military.Even though the entire month is designated to honor past, present military member and their families. There are a few specific military holidays during the month. Loyalty Day which has been celebrated since 1958 on May 1st.Military Spouse Appreciation Day was started on May 7th, 1984 on the Friday before Mother’s Day and of course Mother’s Day is always the second Sunday in May, celebrated since 1914. Then there is VE Day celebrated sinc...
By Lisa Delzompo 951-704-4559, Experienced, Trusted, & On Your Mission: Home
(Sand to Sea Properties, Inc.)
Comments 0
Legendary Architectural Firm Allen Wix  in the Los Angeles Area contributes to Palos Verdes News | Homes for Sale in Palos Verdes PeninsulaAllen Wix's kitschy website is the best of that word's definition "appreciated in an ironic or knowing way," and we're here for it! When you're looking at the pictures, be sure to click "DOWNLOAD" to see the pictures as large as they can be displayed: ALLEN WIX ARCHITECT'S ICONIC WEBSITE. Love!Wix's shows a selection of the respected architect's photographs of some of his designs for residential real estate, commercial buildings, interiors, and his photography of mystic and adventurous locales around the world. He clearly has an eye for beauty and art intersecting with function, at the highest levels. Wix says,  the goal is to meet "The challenge of ...
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Comments 39
Santa Monica, CA : Another destination city for tourists and movie buffs from all over the Globe. Would you believe it, Santa Monica  is less than eight miles to Beverly Hills? Most tourists head to the Santa Monica Pier to get their first viewing of the Pacific Ocean. Then from there they start branching out to the various directions. In case you did not know this is where Route 66 ends, that is at the Santa Monica Pier.I always bring our friends and visitors to the beach, but we do it in the form of visiting Shutters on The Beach and/or Casa del Mar the sister Luxury Hotels. They are the only two hotels in Santa Monica that have the beach as their back yard. Just as an interesting trivia many years ago, as in about three decades ago before it became Casa del Mar, it was the home to th...
By Mike Bjork
(Evolve Bank & Trust)
Comments 0
http://MikesDailyMarketReport.com:  Today is the day for the BIG Inflation data!  The Personal Consumption Expenditure, or PCE, rose 0.5% in March; and it's YoY rose from 1.6% in February to 2.3% in March.  When you exclude the volatility of food and energy, the you receive the Core PCE (or Fed sometimes refers to it as "Real Inflation"), which rose 0.4% while it's YoY rose from 1.4% to 1.8%.  The Fed has warned this spike is just transitory, but we'll definitely monitor it and see if it becomes embedded into future costs.  Consumer Spending rose 4.2% in March, as the Stimulus checks have helped to bump up this area; and also, Personal Income 21.1% in March.  Wage costs have increased Employment costs, which is adding more to our inflation data.  Something to continue to monitor!  Meanw...
By Michael Jacobs, Los Angeles Pasadena 818.516.4393
Comments 21
 Penultimate Puzzle PiecesIt’s kinda fitting in some ways.  I received my first Covid vaccination on Thursday, April 1 - April Fools' Day.   Was that some kind of message?  And yesterday, the 29th (the next to the last day of the month) I received shot number two.  I can’t describe the experience as “the ultimate” or particularly “eventful” but perhaps penultimate is just the right word.   After all, it fits, right?  The image in this post is from canstockphoto.com.   
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Comments 33
Beverly Hills, CA  the city with the world famous 90210 zip code needs no introduction! The city consists of less than six square miles and many tourist have probably walked only about two square miles of it. Not wanting to bore you but when you think of Luxury Shopping  Rodeo Drive comes to everyone's mind. Thanks to movies, thanks to the entertainment industry and the Tourist the stree  is World Renown. Amazingly enough for the past  20+ years I have had the pleasure of working  as a Realtor in Beverly Hills.  I have had three different addresses One on Canon Dr, one on Wilshire Blvd. and  on Rodeo Dr. How lucky am I? People from all over the Globe come to see this wonderful city and I work in it.If you have never been to Beverly Hills, please allow me to  share with you the neighbori...
By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
Comments 14
On April 16, 2021, California Association of Realtors (C.A.R) reported homes values up 0.6% to an average price of $668,220 in March of 2021 from an average price of $664,120 in February of 2021, and rose 17.7% from $567,910 in March of 2020. While homes sales jumped 34.3% in March of 2021 from February of 2021, and increased 26.2% from March of 2020 in Los Angeles County, California.There were 1.7months supplies of available inventory of homes in March of 2021, lower from 2.1 months in February of 2021, and decreased from 2.6 months in March of 2020. An average it took 8.0 days to sell a home in March 2021, down from 10.0 days in February of 2021, and dropped from 15.0 days in March of 2020 in Los Angeles County, California.For complete more detailed information about the California As...
By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com:  Initial Jobless Claims reports came in at 553k this week, which is lower than last week's revised (higher) 566k number; also, due to lower revision to Continued Claims, this week's data came in a bit higher.  Q1 GDP's initial data came in at 6.4%.  We'll receive 2 more reports, with the final being released in June.  Pending Home Sales disappointed with a 1.9% increase in March with expectations of 5.0%; however, it's difficult to have those numbers when the supply isn't there, as we continue to face historically low inventory levels.  Stocks are currently Up, as NASDAQ was facing concerns over rising Yields earlier.  Early on, Yields touched on 1.67%, but has subsided down to just under 1.65%.  Yesterday, it finished below it's 50 DMA and Technical f...
By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
Comments 0
On April 9, 2021, Realtor.com reported that in La Canada, California median list price was $2,355,000 in March of 2021 gained from $1,995,000 in February of 2021, and higher 3.0% from $2,295,000 in March of 2020. While, median sales price for a home and a condo was $2,500,000 in March of 2021, jumped 36.0% from March of 2020 in La Canada, California.Houses stayed 54.00 days in the market in March of 2021 increased from 47.00 days in February of 2021, and rose from 41.00 days in March of 2020 in La Canada, California.The median listing price per square foot of a home and a condo was $697.00 in March of 2021 up from $693.00 in February of 2021, but lower 4.0% from $723.00 in March of 2010 in La Canada, California according to Realtor.For complete more detailed information about Realtor.co...
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Comments 26
Wordless Wednesdays: Jill had about three of her teeth pulled and she recovered and bounced back within ten days. After her recovery it was my turn,  I had some Oral Surgery this past Saturday and she decided to give me the same support we gave her.     Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying or selling a home, a luxury home, luxury investment real estate, luxury vacation home...
By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
Comments 22
Westchester, CA is a quaint neighborhood of Los Angeles, CA  90045 and also the home to LAX also known as Los Angeles International Airport. It is experiencing  one of the hottest Real Estate  Markets on the West Side of Los  Angeles.One might wonder why? Well it is conveniently located the furthest part of the 90045 zip code is less than four miles to the Pacific Ocean and about eight miles to Beverly Hills. Depending where you live in Westchester, CA you are 500 yards to three miles to Los Angeles International Air Port.Hence the best way to describe the 90045 zip code is conveniently located. Now if you are wondering El Segundo, Manhattan Beach are about two to eight miles away depending where you live.For many years it was the best kept secret. Many of the West Side residents  did n...
By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com:  There are no economic data to report today; however, we did receive the MBA's weekly Mortgage Application, which was lower than last week's report (despite lower rates).  This was for both purchase and refinance applications!  Stocks are still in Mixed Territory, as the S&P (again) the lone index in Positive Territory.  The FOMC wraps up it's meeting today with Chair Powell providing his announcement at 11:15am PST.  Nothing is expected to change, as the Fed has been very consistent with it's message.  The Markets still seem to be pulling back just before his announcement, so it could be a bit volatile after he gives his press brief.  The same for the MBS Market, as it started much lower and even poked it's head in positive territory to now sitting Do...
By Mike Bjork
(Evolve Bank & Trust)
Comments 1
http://MikesDailyMarketReport.com: We have 2 Home Price Indices (HPI) to report today.  The first is the 20 city (20 of the largest market cities) by Case Shiller rose 11.9% YoY; and the FHFA HPI, which gathers it's data from Conforming loan programs, rose 12.2%.  Both were for February.  Lastly, the Consumer Confidence spiked in April, going from 109.0 in March to 121.7 for April.  Stocks are trading in Mixed Territory, as S&P 500 is the only index in Positive Territory.  Investors are watching Q1 Earnings Reports, which we're expecting high impact Tech stocks this week.  Also, the FOMC begins their 2 day meeting today and provide their announcement tomorrow.  Look for Powell to keep the same comments and try to keep it tepid, so he doesn't sound too excited about the economy, which ma...
By Glenn Gaspar, REALTOR
(First American Team Realty, Inc)
Comments 1
  California Home Buyer Alert!   Due to the lack of inventory in today's marketplace.  Many real estate agents are convincing their buyers to submit offers with no contingencies in place. I, as a REALTOR, believe that we have a responsibility to protect our clients, and I consider this a very dangerous tactic for a buyer to use due to the increased risk factor to them.   Here is a link to a PDF relating to "Non-Contingent Offers" that will shed some light on the matter, and why a buyer should consider not using this tactic unless you are fully aware of the possible end results. https://tinyurl.com/yzht8y36   Based on my experience in the real estate industry, it would be safe to say that the majority of agents will have not fully informed their buyer(s) of the ramifications of this aggr...

Los Angeles County, CA Real Estate Professionals