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Beverly Grove, 90048 Beverly Grove, 90048

Beverlywood, 90035

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Beverlywood, 90035   Beverlywood, 90035

Hancock Park, 90036

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Hancock Park, 90036 Hancock Park, 90036

Beverly Hills, 90211

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Beverly Hills, 90211 Beverly Hills, 90211

Rate Hike Postponed But Not Cancelled

mortgage-analysis-2_573x300Interest rates on mortgages moved slightly lower this week ahead of the Thanksgiving holiday. Meanwhile, markets are anticipating a move from the Federal Reserve at next month’s policy-setting meeting. One of the uncertainties that the housing market will face for the rest of the year and the upcoming 2016 is timing and size of the federal funds rate increase. With the economy picking up steam this year and the unemployment rate falling, a rate hike was widely anticipated last month. Instead the Federal Reserve has decided to hold off on raising interest rates. The Fed’s move was not a complete suprise, but there were many that belieed that the economy has improved enough to compel the Fed to raise rates.

 The likelihood of a December rate hike received a bump when, according to Reuters, San Francisco Fed President John Williams said Saturday that as long as economic data continue to be favorable, “there’s a strong case to be made in December to raise rates.” The Fed’s goal is to have stable inflation and full unemployment. Inflation has not been a problem so far. But the labor market is a concern despite the fact that the unemployment rate is approaching the Fed’s goal of full employment. Recent signs of global economic slowdown is the primary reason for not implementing a rate hike.

There is a strong possibility that the Federal Reserve will begin the rate normalization in December. The words “next meeting” were in a sentence about determining whether or not it will be appropriate to raise rates when the Fed meets again. These two words were surrounded by decidedly tempered  economic rationale that said we are not where we need to be and may not be there anytime soon, but the odds makers interpreted “next meeting”  as rate hike ready. In fact, Bloomberg reported that traders had increased the odds for a December rate hike form 37% to 48% following the release of the Fed statement. The odds makers at Goldman Sachs see a 60% chance for a Fed rate hike at the December meeting.

Here’s the thing; if you are buying a house or planning on buying a house, if refinancing your current mortgage is in your near term plans, these Fed rate hike odds makers are playing with your money.  Not because rates are higher, but because market makers are trying to guess when they will be, even when they are wrong. Clearly the markets and market participants want and need interest rates to begin to ascend to real world norms. If the normalization process takes place gradually throughout the next two years, modestly higher interest rates should not present much of a direct challenge for our real estate market which remains strong although signs of cooling trend are begining to appear.

Yes There is an App for That

mobile real estate

You don’t know what you don’t know, so how many homebuyers or home-sellers know they can use their smart phones to get smarter about the process? It doesn’t matter how far along in your home-buying process you’ve come, you can always tweak things to simplify your life. Adding these nifty apps to your smart phone frees up some of your time to find just the right home.


Available for both Apple and Android

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3 Reason to List Your House This Fall


Many sellers feel that spring is the best time for selling a house because buyer demand increases at that time of year. This is true, however, the fall and winter have their own advantages. Here are three reasons to sell your home now:

1. Buyer Demand Continues to Outpace the Supply of Homes For Sale

According to the National Association of REALTORS’ (NAR) Foot Traffic report, there are more buyers out in the market right

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The Upside of Downsizing Your Home

Downsizing your home

Most people think of downsizing as something you do in retirement. It can happen when the kids leave home or retirement looms or your first grandchild is born hundreds of miles away. You start to think about leaving a house that’s now too big for you and downsizing to a smaller house or condo or a retirement community. So, you sell the large family home to moving to a smaller, retirement-style home, free up some

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How Accurate is Your Zestimate


I am often asked about the accuracy of home valuations available online. I generally reply that Zillow and the other sites are a good place to start if you want to get a general estimate of what your home is worth. A “Zestimate” will give you a property value range, based on public records of the property’s:

Physical attributes tax assessments Prior transaction data

The drawback? These estimates are generated by a computer, not

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