LA County Home Listings Blog

Wednesday, April 12, 2023   /   by Fahad Karamat

Eggs-traordinary Times: U.S. Inflation Cools Down, But the Federal Reserve Isn't Scrambling Just Yet!

When it comes to U.S. inflation, it's not all about the Benjamins. Sometimes, it's about the eggs! Recent data paints a brighter picture of U.S. inflation, with egg prices playing a significant role. But will the Federal Reserve whisk things up with another interest rate hike?
A Dive into the Numbers
As they say, numbers never lie, and in March, the story they tell is one of cooling down. U.S. inflation saw its lowest level in nearly two years, with the consumer-price index ticking up by only 5% year-over-year. A welcome change, considering February's 6% ascent. This moderation was fueled by drops in grocery, gasoline, medical care, and utility costs, though frequent fliers and insurance hunters might still be feeling the pinch with high prices.
Peeling Back Layers: The Core Inflation Narrative
Strip away the volatile food and energy prices and you get core inflation. At 5.6% YoY in March, it's a subtle nudge up from February's 5.5%. Shelter costs are the main culprits behind; ...

  news, interest rate, fed, inflation

Wednesday, March 22, 2023   /   by Fahad Karamat

Banking Brouhahas & The Fed's Juggling Act: Interest Rates in a Complex Landscape

In a twist that feels straight out of a Wall Street thriller, the collapse of behemoths like Silicon Valley Bank and Signature Bank has created a complex chessboard for the Federal Reserve. Amidst the glamour of the Golden State, the intricate dance between interest rates, banking stability, and economic indicators is worthy of a Hollywood drama. And guess what? You have a front-row seat!

Setting the Stage: The Recent Rate Hike

As the curtains rise, the Federal Reserve announces a 0.25% uptick in the federal funds rate. This decision was not just a random act but was backed by numbers: encouraging signs of moderate growth, robust job gains, and the ever-elusive low unemployment rates. However, the inflation's incessant drumbeat at a rambunctious 6.0% as of February 2023 added some suspense.

Diving Deeper: Why the Rate Hike?

For those who enjoy a good flashback scene, remember the gloomy days of the pandemic-induced recession? The Feds then played the good cop by keeping the! ...

  mortgage, news, silicon valley bank

Wednesday, March 15, 2023   /   by Fahad Karamat

Banking on Real Estate: How Recent Bank Tumult Might Just Be a Silver Lining for Homebuyers

In the vibrant tapestry of financial markets, few threads are as interconnected as banking and real estate. Recent tremors in the banking sphere, especially the unexpected downfall of giants like Silicon Valley Bank, have everyone talking – not just at high-end Californian soirées. It's created ripples that could morph into tidal waves for real estate and mortgage landscapes. Let's surf these waves and find out how.

The Butterfly Effect: Banks and Their Influence

When a bank, particularly one of Silicon Valley Bank's stature, meets its downfall, it is more than just a page-turner in the business section. It signals potential shifts in economic tides. Lawrence Yun, chief economist of the National Association of REALTORS®, suggests that the Federal Reserve may pump the brakes on its interest rate hikes, given the bank mishaps. That's economics' domino effect in play.

Freddie Mac and the Rising Mortgage Thermometer

Freddie Mac's stats are like the weather upda! ...

  news, silicon valley bank

Saturday, January 28, 2023   /   by Fahad Karamat

Riding the Luxury Wave: June Sees First Pending Home Sales Rise in Four Months

Get your paddles ready, investors! The luxe surf of LA County's real estate market is catching a promising wave. According to the National Association of Realtors (NAR), June witnessed the first increase in pending home sales since February, rising a modest 0.3 percent from the previous month. The tide may be turning, and July looks set to be a sizzling hot month for luxury home sales!

A Promise of Recovery in the Housing Market

Despite the nationwide dip in existing-home sales last month, the first glimmers of a recovery are beginning to emerge. The housing recession appears to have blown over, and it's not just the Santa Ana winds stirring up the change. Multiple offers on properties indicate an unsatiated demand hampered only by a lack of supply. But fear not; the stage is set for a spectacular comeback!

Builders, Gear Up! The Stage is Set for a Construction Revival

When the going gets tough, the tough starts building. With the housing demand exceeding supply, it's tim ...

  real estate, news

California Platinum Realty
Fahad Karamat
6303 Owensmouth Ave 10th Floor
Los Angeles, CA 91367
CA DRE # 02007521
NMLS # 1597279

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Based on information from the Golden Empire MLS, Inc./Association of REALTORS® as of November 30, 2023. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information deemed reliable, but not guaranteed. Copyright Golden Empire MLS, Inc. 2021.
Based on information from California Regional Multiple Listing Service, Inc. as of November 30, 2023. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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