Cooling Inflation Meets Rising Mortgage Rates — What It Means for California Real Estate

After several weeks of encouraging economic news, the housing market received a mixed update. Inflation continued to cool, giving the Federal Reserve more confidence that price pressures are easing. However, renewed conflict in the Middle East has pushed oil prices—and mortgage rates—higher, creating fresh uncertainty for homebuyers. Even with these headwinds, California's housing market remains resilient, supported by improving sales activity and persistently low inventory. As we move through the summer, the market is likely to remain balanced, with strong demand continuing to support home values despite higher borrowing costs.

Inflation Continues to Ease, But the Fed Isn't Ready to Cut Rates

June brought encouraging inflation news, with both consumer and producer prices coming in lower than expected. Core inflation slowed to its lowest pace in several years, reinforcing the view that inflation is gradually moving in the right direction. Even so, Federal Reserve officials emphasized that they want to see several more months of favorable data before considering interest rate cuts. With geopolitical tensions pushing energy prices higher again, the path to lower mortgage rates remains uncertain.

California Home Sales Show Strong Momentum

California's housing market continued to improve in June, with existing home sales rising 4.1% from May and 6.0% year-over-year—the strongest annual gain in nine months. Buyer demand expanded across nearly every price range and region, suggesting that motivated buyers are returning despite elevated mortgage rates. However, recent increases in mortgage rates could slow that momentum as the summer selling season continues.

Limited Inventory Continues to Support Home Prices

Although California's median home price slipped slightly from May's record high, it remained above $900,000 for the third consecutive month. More importantly, inventory remains exceptionally tight, with active listings down more than 10% from a year ago. Many homeowners continue to hold onto their low mortgage rates, limiting the number of homes coming to market. That ongoing shortage of inventory should continue to provide a solid foundation for home values, even if seasonal price adjustments occur later this year.

Homebuilders Remain Cautious

Residential construction remains under pressure as higher financing costs and affordability challenges weigh on builders. While multifamily construction rebounded in June, single-family housing starts declined for the third consecutive month, signaling that new home supply is likely to remain limited in the months ahead. Fewer new homes entering the market could help sustain pricing for existing homes, particularly in high-demand Southern California communities.

What This Means for Buyers and Sellers

For buyers, the market still offers more opportunities than we've seen in recent years, but mortgage rates remain the biggest variable. Staying pre-approved and being ready to act quickly can make all the difference when the right home becomes available.

For sellers, limited inventory continues to work in your favor. Well-priced, well-prepared homes are still attracting serious buyers, particularly in desirable neighborhoods throughout Long Beach, Orange County, and Southern California. While higher rates may temper some buyer activity, today's market continues to reward sellers who price strategically and market their homes effectively.

Overall, the second half of 2026 remains cautiously optimistic. If inflation continues to cool and mortgage rates stabilize, the housing market could build on the momentum we've seen over the past few months, creating opportunities for both buyers and sellers heading into the fall.

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13631 Richardson Way

Westminster, CA 92683

3 Bed | 1.5 Bath | 1,128 SF | $999,999

Beautifully maintained 3-bedroom / 1.5-bathroom home offering a blend of comfort, functionality, and inviting outdoor living. The property features generous RV parking with an oversized driveway (36’7” x 24’11”), perfect for recreational vehicles, extra cars, or toys. Inside, enjoy engineered hardwood flooring, classic wood shutters, open beam ceilings, dual split A/C, ceiling fan, rustic kitchen with real wood cabinets, interior laundry room, and a cozy wood-burning fireplace. A bright sunroom and adjoining bonus room provide flexible space for an office, studio, or relaxation retreat. The private, landscaped backyard is ideal for entertaining, complete with a shaded patio cover, custom tiled porch matching the sunroom, plenty of green grass, rose bushes, shrubs, and a mature avocado tree. Exterior has been freshly painted with new vent screens, and the upgraded shed with dual pane white vinyl windows adds valuable additional storage, along with the spacious two-car garage. Location is also close to freeways, shopping, and dining!

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3672 Montego Dr.,

Huntington Beach, CA 92649

3 Bed | 3 Bath | 1,818 SF | $1,199,000

WATERFRONT FIXER WITH INCREDIBLE POTENTIAL! First time on the market since this Seagate home was built. This mostly original Davenport model with 3 bedrooms and 3 bathrooms presents a rare opportunity to create your ideal Huntington Harbor home. An entry featuring unique staircases and a skylight leads to a spacious dining room and step down living room. The living room showcases a classic brick fireplace and a wall of glass (sliding door and window) that opens to a waterside patio with lagoon views - perfect for entertaining friends and family. A gate at the end of the patio provides direct water access to launch your kayak or paddle board. Back in the home, the kitchen layout includes abundant cabinetry, ample counter space and the washer/dryer. Also on the first floor is a bedroom with custom built shelves and a ladder accessible loft plus a 3/4 guest bathroom. Upstairs, the spacious primary suite with vaulted ceiling offers a private balcony overlooking the water, large closet, and an en suite bathroom with dual vanities. The last bedroom and bathroom are also located on this level. A third story bonus living area is accessed by a spiral staircase and has a wraparound floor plan providing a great flex room for a work from home office, gym, or whatever best suits your needs. A detached, two-car garage is ideally situated close to the home. The beautiful Seagate community offers multiple tennis courts, pickleball, pools, clubhouses, lush greenbelts and a resort-like feel.

258 Argonne

Long Beach, CA 90803

4 Bed | 3 Bath | 3,004 SF | $2,250,000

Rarely available, this beautiful Tudor Revival is located in the coveted Belmont Heights Estates. Built in 1928, this home spans over 3,000 square feet with 4 bedrooms and 3 bathrooms on a 6,361 square foot lot including a 4-car garage. An inviting entry with original wood detailing opens to a breathtaking living room defined by soaring ceilings, exposed decorative timber trusses, and an interior balcony. The remodeled kitchen blends modern amenities while maintaining a timeless design, featuring a Wolf range, stainless steel appliances, a walk-in pantry, abundant cabinetry and prep space, a peninsula with seating for casual dining, a dedicated coffee station, and the first of two washer/dryer locations. An arched opening leads to the sunlit dining room, complete with a custom buffet and elegant wallpaper. A separate family room with built-ins provides a comfortable space overlooking the front and back yards, while a dedicated office and a period-style three-quarter bath complete the first floor. Upstairs, natural light floods all 4 bedrooms, each with walk-in closets, and 2 vintage bathrooms. A central flex space—ideal as a playroom, teen lounge, or den—separates the bedrooms and adds versatility. Set back from the street, the home features a large front yard and a backyard patio perfect for entertaining or enjoying the wonderful Long Beach weather. 

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700 E. Ocean Blvd #1501

Long Beach, CA 90802

2 Bed | 2 Bath | 1,084 SF | $550,000

Welcome to International Tower, one of Downtown Long Beach's most iconic Mid-Century Modern landmarks. This beautifully remodeled 15th-floor residence offers 2 bedrooms, 2 bathrooms, and 1,080 square feet of sophisticated coastal living. Enjoy peekaboo ocean views, marina views, sparkling city lights, and a spacious wraparound balcony that invites you to relax and enjoy the vibrant waterfront setting. Designed with quality and attention to detail, the home features gorgeous hand-fired Italian tile flooring throughout, extending seamlessly onto the wraparound balcony to create a true indoor-outdoor living experience. The designer kitchen showcases waterfall stone countertops, sleek contemporary cabinetry, stainless steel appliances, and a breakfast bar perfect for casual dining or entertaining. Custom blackout and sheer window coverings provide both privacy and elegance while allowing you to control the abundant natural light throughout the home. A rare and highly desirable feature, this residence is one of only a handful of homes in the building equipped with air conditioning, offering year-round comfort. The flexible floor plan includes two spacious primary suites, making it ideal for guests, multigenerational living, or a private home office. Residents enjoy resort-style amenities including 24-hour guarded security, controlled access, a sparkling pool, fitness center, recreation room, billiards room, barbecue area, meeting room, beautifully maintained grounds, guest parking, and secure garage parking. Beyond your front door awaits the very best of the Long Beach waterfront lifestyle. Walk or bike along the shoreline, explore Shoreline Village and Rainbow Harbor, enjoy waterfront dining, or spend the afternoon at the Aquarium of the Pacific. Throughout the year, Long Beach hosts concerts, festivals, farmers markets, and internationally recognized events, including the Long Beach Grand Prix.

3142 Quail Run Rd

Rossmoor, CA 90720

3 Bed + Den | 3.5 Bath | 2,752 SF | $1,835,000

Welcome to this exceptional opportunity in the highly sought-after community of Rossmoor! Offering 2,752 square feet of living space, this charming two-story home presents incredible value and endless potential for buyers looking to personalize a home in one of Orange County’s most desirable neighborhoods. Lovingly maintained by the same family for more than 50 years, the home features 3 bedrooms, a large den, and 3.5 bathrooms. Located on a beautiful tree-lined street within the award-winning Los Alamitos School District, this home welcomes you with a spacious foyer, beautiful wood floors, and a large light-filled living room with cozy fireplace. The remodeled kitchen features granite countertops and stainless steel appliances and flows seamlessly into the formal dining area overlooking the backyard — perfect for entertaining and everyday living. The versatile downstairs layout includes one bedroom plus a large den with a fireplace and attached full bath, ideal for a family room, guest suite, or home office. Upstairs, you’ll find two spacious primary suites with vaulted ceilings and ensuite bathrooms. The main primary suite offers dual walk-in closets and a large bathroom with dual sinks, soaking tub, and walk-in shower. Step outside to enjoy the private backyard retreat featuring a sparkling pool and shaded patio, perfect for relaxing or hosting gatherings. Enjoy all that Rossmoor has to offer, including nearby Rossmoor Park with pickleball courts, tennis courts, basketball, softball fields, and playgrounds, plus close proximity to Lee Elementary, Weaver Elementary, Oak Middle School, shopping, and dining. This is a rare opportunity to create your dream home in one of Orange County’s premier neighborhoods.

205 Ocean Pl

Seal Beach, CA 90740

4 Bed | 4.5 Bath | 3,704 SF | $4,600,000

Welcome to a truly exceptional waterfront residence within a recently built coastal enclave by Shea Homes, completed in 2021, where modern sophistication meets intentional design and elevated craftsmanship. This exquisite 4-bedroom, 4.5-bathroom home spans approximately 3,704 square feet, offering a seamless blend of comfort, style, and functionality in one of Seal Beach’s most refined settings. Enjoy ocean views from both levels, with the main living level positioned on the second floor, thoughtfully designed to maximize natural light and capture the coastal setting. A beautifully appointed living area flows effortlessly into a chef’s kitchen featuring premium Wolf appliances, custom cabinetry, and an oversized island ideal for both everyday living and elevated entertaining. Expansive sliding glass doors create a seamless indoor-outdoor living experience, inviting in ocean breezes and the sound of the water. Two additional en-suite bedrooms on this level provide comfort and privacy, while an expansive deck extends the living space outdoors. The first floor is anchored by a spacious primary suite designed as a private waterfront retreat, complete with a spa-inspired bathroom featuring a soaking tub, dual vanities, and a generous walk-in closet. This level also includes an additional bedroom, a full bath, and a separate living area with water views, ideal for a media room, office, or lounge. Ideally located near the beach, a serene walking park, and the shops and dining of Main Street, this home offers a rare opportunity to experience refined coastal living at its best.

124 Verdin Lane

Aliso Viejo, CA 90630

2 Bed | 2.5 Bath | 1,124 SF | $795,000

Experience breathtaking panoramic mountain and city light views from this exceptional corner-unit condo in Seacrest Villas. This spacious 2-bedroom, 2.5-bath condo features single-level living with no interior or exterior steps, combining comfort and convenience in one exceptional home. Step inside to find beautiful modern flooring throughout and a thoughtfully updated kitchen with quartz countertops and sleek black stainless steel appliances. The open living space flows seamlessly to a large, beautifully landscaped patio, where you can relax or entertain while taking in the stunning panoramic views. Additional highlights include an attached 1-car garage with direct access, an additional assigned parking space, and ample guest parking. Enjoy the convenience of an in-unit side-by-side washer and dryer, plus the peace of mind of a recent community-wide re-pipe and no Mello-Roos tax. Residents enjoy resort-style amenities including a pool, spa, and lush greenbelts, all set within a peaceful, well-maintained community. Ideally located near top-rated schools, shopping, dining, toll roads, and freeways, with nearby hiking and biking trails for outdoor enthusiasts. Homes in this sought-after community rarely come available—don’t miss this incredible opportunity!

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www.ImagineRealty.com

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Imagine Realty | 6621 E Pacific Coast Hwy #150 | Long Beach, CA 90803 US

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Housing Market Showing New Signs of Life as Buyer Activity Begins to Rebound

The housing market may finally be gaining some momentum after a slower-than-expected first half of 2026. Improving buyer activity, new federal housing legislation, and growing optimism about the labor market are all encouraging signs as we move into the second half of the year. While affordability and mortgage rates remain challenges, recent data suggests more buyers are returning to the market, setting the stage for a potentially stronger fall housing season.

Major Housing Legislation Aims to Improve Affordability

A landmark federal housing bill—the 21st Century Road to Housing Act—officially became law this month, marking one of the most significant housing reforms in decades. The legislation includes measures designed to increase housing supply, encourage local zoning reform, expand access to affordable financing, and limit large-scale institutional purchases of single-family homes.

While the full impact will take time to unfold, the new law is intended to address long-term affordability challenges and create more opportunities for future homebuyers.

Buyer Activity Picks Up as Mortgage Rates Moderate

One of the most encouraging indicators came from mortgage rate-lock data, which climbed to its highest level since 2023. Because rate locks typically lead home sales by several weeks, this suggests buyer activity could strengthen through late summer and early fall if mortgage rates remain relatively stable.

Younger buyers continue to play an increasingly important role in the market. Gen Z now represents nearly one in five purchase mortgage rate locks and accounts for almost one-third of all first-time homebuyer loans, signaling a new generation of buyers entering the market despite ongoing affordability challenges

Walkable Neighborhoods Continue to Drive Demand

A recent National Association of REALTORS® survey found that today's buyers continue to prioritize walkable communities with easy access to parks, restaurants, shopping, and everyday amenities. Most respondents said they would even pay more for a home in a neighborhood where they can walk to daily conveniences.

For many Southern California communities—including neighborhoods throughout Long Beach and Orange County—this trend continues to support demand for established, amenity-rich areas.

Consumer Outlook Improves Despite Inflation Concerns

While short-term inflation expectations edged slightly higher, consumers became more optimistic about the job market. Fewer Americans expect to lose their jobs, and confidence in finding new employment has improved, reflecting a labor market that remains resilient despite broader economic uncertainty.

What This Means for Buyers and Sellers

Although affordability and mortgage rates continue to influence housing activity, recent trends point to improving market conditions. Rising mortgage rate locks, stronger buyer confidence, and renewed efforts to address housing supply suggest the market could see increased activity during the second half of 2026.

For homeowners in Long Beach, Orange County, and throughout Southern California, limited inventory continues to support home values, while buyers may find new opportunities if mortgage rates stabilize. Whether you're considering buying, selling, or simply planning ahead, understanding local market trends remains the key to making confident real estate decisions.

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3672 Montego Dr.,

Huntington Beach, CA 92649

3 Bed | 3 Bath | 1,818 SF | $1,199,000

WATERFRONT FIXER WITH INCREDIBLE POTENTIAL! First time on the market since this Seagate home was built. This mostly original Davenport model with 3 bedrooms and 3 bathrooms presents a rare opportunity to create your ideal Huntington Harbor home. An entry featuring unique staircases and a skylight leads to a spacious dining room and step down living room. The living room showcases a classic brick fireplace and a wall of glass (sliding door and window) that opens to a waterside patio with lagoon views - perfect for entertaining friends and family. A gate at the end of the patio provides direct water access to launch your kayak or paddle board. Back in the home, the kitchen layout includes abundant cabinetry, ample counter space and the washer/dryer. Also on the first floor is a bedroom with custom built shelves and a ladder accessible loft plus a 3/4 guest bathroom. Upstairs, the spacious primary suite with vaulted ceiling offers a private balcony overlooking the water, large closet, and an en suite bathroom with dual vanities. The last bedroom and bathroom are also located on this level. A third story bonus living area is accessed by a spiral staircase and has a wraparound floor plan providing a great flex room for a work from home office, gym, or whatever best suits your needs. A detached, two-car garage is ideally situated close to the home. The beautiful Seagate community offers multiple tennis courts, pickleball, pools, clubhouses, lush greenbelts and a resort-like feel.

13631 Richardson Way

Westminster, CA 92683

3 Bed | 1.5 Bath | 1,128 SF | $999,999

Beautifully maintained 3-bedroom / 1.5-bathroom home offering a blend of comfort, functionality, and inviting outdoor living. The property features generous RV parking with an oversized driveway (36’7” x 24’11”), perfect for recreational vehicles, extra cars, or toys. Inside, enjoy engineered hardwood flooring, classic wood shutters, open beam ceilings, dual split A/C, ceiling fan, rustic kitchen with real wood cabinets, interior laundry room, and a cozy wood-burning fireplace. A bright sunroom and adjoining bonus room provide flexible space for an office, studio, or relaxation retreat. The private, landscaped backyard is ideal for entertaining, complete with a shaded patio cover, custom tiled porch matching the sunroom, plenty of green grass, rose bushes, shrubs, and a mature avocado tree. Exterior has been freshly painted with new vent screens, and the upgraded shed with dual pane white vinyl windows adds valuable additional storage, along with the spacious two-car garage. Location is also close to freeways, shopping, and dining!

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700 E. Ocean Blvd #1501

Long Beach, CA 90802

2 Bed | 2 Bath | 1,084 SF | $500,000

Welcome to International Tower, one of Downtown Long Beach's most iconic Mid-Century Modern landmarks. This beautifully remodeled 15th-floor residence offers 2 bedrooms, 2 bathrooms, and 1,080 square feet of sophisticated coastal living. Enjoy peekaboo ocean views, marina views, sparkling city lights, and a spacious wraparound balcony that invites you to relax and enjoy the vibrant waterfront setting. Designed with quality and attention to detail, the home features gorgeous hand-fired Italian tile flooring throughout, extending seamlessly onto the wraparound balcony to create a true indoor-outdoor living experience. The designer kitchen showcases waterfall stone countertops, sleek contemporary cabinetry, stainless steel appliances, and a breakfast bar perfect for casual dining or entertaining. Custom blackout and sheer window coverings provide both privacy and elegance while allowing you to control the abundant natural light throughout the home. A rare and highly desirable feature, this residence is one of only a handful of homes in the building equipped with air conditioning, offering year-round comfort. The flexible floor plan includes two spacious primary suites, making it ideal for guests, multigenerational living, or a private home office. Residents enjoy resort-style amenities including 24-hour guarded security, controlled access, a sparkling pool, fitness center, recreation room, billiards room, barbecue area, meeting room, beautifully maintained grounds, guest parking, and secure garage parking. Beyond your front door awaits the very best of the Long Beach waterfront lifestyle. Walk or bike along the shoreline, explore Shoreline Village and Rainbow Harbor, enjoy waterfront dining, or spend the afternoon at the Aquarium of the Pacific. Throughout the year, Long Beach hosts concerts, festivals, farmers markets, and internationally recognized events, including the Long Beach Grand Prix.

258 Argonne

Long Beach, CA 90803

4 Bed | 3 Bath | 3,004 SF | $2,250,000

Rarely available, this beautiful Tudor Revival is located in the coveted Belmont Heights Estates. Built in 1928, this home spans over 3,000 square feet with 4 bedrooms and 3 bathrooms on a 6,361 square foot lot including a 4-car garage. An inviting entry with original wood detailing opens to a breathtaking living room defined by soaring ceilings, exposed decorative timber trusses, and an interior balcony. The remodeled kitchen blends modern amenities while maintaining a timeless design, featuring a Wolf range, stainless steel appliances, a walk-in pantry, abundant cabinetry and prep space, a peninsula with seating for casual dining, a dedicated coffee station, and the first of two washer/dryer locations. An arched opening leads to the sunlit dining room, complete with a custom buffet and elegant wallpaper. A separate family room with built-ins provides a comfortable space overlooking the front and back yards, while a dedicated office and a period-style three-quarter bath complete the first floor. Upstairs, natural light floods all 4 bedrooms, each with walk-in closets, and 2 vintage bathrooms. A central flex space—ideal as a playroom, teen lounge, or den—separates the bedrooms and adds versatility. Set back from the street, the home features a large front yard and a backyard patio perfect for entertaining or enjoying the wonderful Long Beach weather. 

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3142 Quail Run Rd

Rossmoor, CA 90720

3 Bed + Den | 3.5 Bath | 2,752 SF | $1,835,000

Welcome to this exceptional opportunity in the highly sought-after community of Rossmoor! Offering 2,752 square feet of living space, this charming two-story home presents incredible value and endless potential for buyers looking to personalize a home in one of Orange County’s most desirable neighborhoods. Lovingly maintained by the same family for more than 50 years, the home features 3 bedrooms, a large den, and 3.5 bathrooms. Located on a beautiful tree-lined street within the award-winning Los Alamitos School District, this home welcomes you with a spacious foyer, beautiful wood floors, and a large light-filled living room with cozy fireplace. The remodeled kitchen features granite countertops and stainless steel appliances and flows seamlessly into the formal dining area overlooking the backyard — perfect for entertaining and everyday living. The versatile downstairs layout includes one bedroom plus a large den with a fireplace and attached full bath, ideal for a family room, guest suite, or home office. Upstairs, you’ll find two spacious primary suites with vaulted ceilings and ensuite bathrooms. The main primary suite offers dual walk-in closets and a large bathroom with dual sinks, soaking tub, and walk-in shower. Step outside to enjoy the private backyard retreat featuring a sparkling pool and shaded patio, perfect for relaxing or hosting gatherings. Enjoy all that Rossmoor has to offer, including nearby Rossmoor Park with pickleball courts, tennis courts, basketball, softball fields, and playgrounds, plus close proximity to Lee Elementary, Weaver Elementary, Oak Middle School, shopping, and dining. This is a rare opportunity to create your dream home in one of Orange County’s premier neighborhoods.

205 Ocean Pl

Seal Beach, CA 90740

4 Bed | 4.5 Bath | 3,704 SF | $4,600,000

Welcome to a truly exceptional waterfront residence within a recently built coastal enclave by Shea Homes, completed in 2021, where modern sophistication meets intentional design and elevated craftsmanship. This exquisite 4-bedroom, 4.5-bathroom home spans approximately 3,704 square feet, offering a seamless blend of comfort, style, and functionality in one of Seal Beach’s most refined settings. Enjoy ocean views from both levels, with the main living level positioned on the second floor, thoughtfully designed to maximize natural light and capture the coastal setting. A beautifully appointed living area flows effortlessly into a chef’s kitchen featuring premium Wolf appliances, custom cabinetry, and an oversized island ideal for both everyday living and elevated entertaining. Expansive sliding glass doors create a seamless indoor-outdoor living experience, inviting in ocean breezes and the sound of the water. Two additional en-suite bedrooms on this level provide comfort and privacy, while an expansive deck extends the living space outdoors. The first floor is anchored by a spacious primary suite designed as a private waterfront retreat, complete with a spa-inspired bathroom featuring a soaking tub, dual vanities, and a generous walk-in closet. This level also includes an additional bedroom, a full bath, and a separate living area with water views, ideal for a media room, office, or lounge. Ideally located near the beach, a serene walking park, and the shops and dining of Main Street, this home offers a rare opportunity to experience refined coastal living at its best.

124 Verdin Lane

Aliso Viejo, CA 90630

2 Bed | 2.5 Bath | 1,124 SF | $795,000

Experience breathtaking panoramic mountain and city light views from this exceptional corner-unit condo in Seacrest Villas. This spacious 2-bedroom, 2.5-bath condo features single-level living with no interior or exterior steps, combining comfort and convenience in one exceptional home. Step inside to find beautiful modern flooring throughout and a thoughtfully updated kitchen with quartz countertops and sleek black stainless steel appliances. The open living space flows seamlessly to a large, beautifully landscaped patio, where you can relax or entertain while taking in the stunning panoramic views. Additional highlights include an attached 1-car garage with direct access, an additional assigned parking space, and ample guest parking. Enjoy the convenience of an in-unit side-by-side washer and dryer, plus the peace of mind of a recent community-wide re-pipe and no Mello-Roos tax. Residents enjoy resort-style amenities including a pool, spa, and lush greenbelts, all set within a peaceful, well-maintained community. Ideally located near top-rated schools, shopping, dining, toll roads, and freeways, with nearby hiking and biking trails for outdoor enthusiasts. Homes in this sought-after community rarely come available—don’t miss this incredible opportunity!

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Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Imagine Realty | 6621 E Pacific Coast Hwy #150 | Long Beach, CA 90803 US

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🏡 Housing Market Showing Signs of Stability, But Affordability Remains the Biggest Challenge

After months of economic uncertainty, recent housing and economic data offer reasons for cautious optimism. Consumer confidence is improving, rental markets are strengthening, and buyer interest is beginning to rebound despite elevated mortgage rates. While affordability and slower job growth continue to present challenges, the second half of 2026 appears to be moving in a more positive direction if inflation continues to ease and borrowing costs stabilize.

Job Growth Slows, But the Labor Market Remains Resilient

The U.S. economy added 57,000 jobs in June, marking the fourth consecutive month of job gains, though hiring came in below expectations. The unemployment rate edged down to 4.2%, but much of the improvement was due to fewer people participating in the labor force. Wage growth also continued to trail inflation, which could limit consumer spending in the months ahead.

While hiring has cooled, the labor market remains fundamentally stable—an encouraging sign for the overall economy and housing market.

Consumer Confidence and Homebuying Interest Improve

Consumers became slightly more optimistic in June as easing gas prices and reduced geopolitical tensions helped improve expectations for the months ahead. More Americans now expect to purchase a home within the next six months, even as many believe mortgage rates will remain elevated.

Although concerns about the job market persist, improving buyer confidence suggests demand is still present and could strengthen further if borrowing costs begin to ease later this year.

Rental Market Continues to Strengthen

Apartment rents have increased for five consecutive months as seasonal demand returns and vacancy rates gradually decline. While rents remain slightly below last year's levels nationally, several California markets—including San Francisco, San Jose, and Fresno—are seeing some of the strongest annual rent growth in the country.

A strengthening rental market highlights the ongoing affordability challenges facing would-be homebuyers, many of whom continue renting while waiting for improved purchasing conditions.

Affordability Remains the Largest Hurdle

A new Pew Research Center study found that homeownership has become increasingly difficult for younger Americans. Since 2019, home prices have risen far faster than incomes, pushing affordability to its weakest level in nearly two decades. California continues to be among the nation's least affordable housing markets, making it especially difficult for first-time buyers to enter the market.

What This Means for Buyers and Sellers

While affordability remains a challenge, improving consumer confidence, resilient buyer demand, and stabilizing economic conditions are encouraging signs for Southern California's housing market. Buyers may benefit from less competition than during previous market peaks, while sellers continue to benefit from limited inventory and strong home values.

If inflation continues to cool and mortgage rates gradually move lower, the second half of 2026 could provide more opportunities for both buyers and sellers. For homeowners considering a move in Long Beach, Orange County, or surrounding Southern California communities, staying informed and planning ahead will be key to making the most of changing market conditions.

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13631 Richardson Way

Westminster, CA 92683

3 Bed | 1.5 Bath | 1,128 SF | $1,068,000

Beautifully maintained 3-bedroom / 1.5-bathroom home offering a blend of comfort, functionality, and inviting outdoor living. The property features generous RV parking with an oversized driveway (36’7” x 24’11”), perfect for recreational vehicles, extra cars, or toys. Inside, enjoy engineered hardwood flooring, classic wood shutters, open beam ceilings, dual split A/C, ceiling fan, rustic kitchen with real wood cabinets, interior laundry room, and a cozy wood-burning fireplace. A bright sunroom and adjoining bonus room provide flexible space for an office, studio, or relaxation retreat. The private, landscaped backyard is ideal for entertaining, complete with a shaded patio cover, custom tiled porch matching the sunroom, plenty of green grass, rose bushes, shrubs, and a mature avocado tree. Exterior has been freshly painted with new vent screens, and the upgraded shed with dual pane white vinyl windows adds valuable additional storage, along with the spacious two-car garage. Location is also close to freeways, shopping, and dining!

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In Escrow

700 E. Ocean Blvd #1501

Long Beach, CA 90802

2 Bed | 2 Bath | 1,084 SF | $500,000

Welcome to International Tower, one of Downtown Long Beach's most iconic Mid-Century Modern landmarks. This beautifully remodeled 15th-floor residence offers 2 bedrooms, 2 bathrooms, and 1,080 square feet of sophisticated coastal living. Enjoy peekaboo ocean views, marina views, sparkling city lights, and a spacious wraparound balcony that invites you to relax and enjoy the vibrant waterfront setting. Designed with quality and attention to detail, the home features gorgeous hand-fired Italian tile flooring throughout, extending seamlessly onto the wraparound balcony to create a true indoor-outdoor living experience. The designer kitchen showcases waterfall stone countertops, sleek contemporary cabinetry, stainless steel appliances, and a breakfast bar perfect for casual dining or entertaining. Custom blackout and sheer window coverings provide both privacy and elegance while allowing you to control the abundant natural light throughout the home. A rare and highly desirable feature, this residence is one of only a handful of homes in the building equipped with air conditioning, offering year-round comfort. The flexible floor plan includes two spacious primary suites, making it ideal for guests, multigenerational living, or a private home office. Residents enjoy resort-style amenities including 24-hour guarded security, controlled access, a sparkling pool, fitness center, recreation room, billiards room, barbecue area, meeting room, beautifully maintained grounds, guest parking, and secure garage parking. Beyond your front door awaits the very best of the Long Beach waterfront lifestyle. Walk or bike along the shoreline, explore Shoreline Village and Rainbow Harbor, enjoy waterfront dining, or spend the afternoon at the Aquarium of the Pacific. Throughout the year, Long Beach hosts concerts, festivals, farmers markets, and internationally recognized events, including the Acura Grand Prix of Long Beach. The Pike Outlets, Belmont Shore, marinas, beaches, and miles of coastal pathways are all just minutes away, making every day feel like a vacation.

258 Argonne

Long Beach, CA 90803

4 Bed | 3 Bath | 3,004 SF | $2,250,000

Rarely available, this beautiful Tudor Revival is located in the coveted Belmont Heights Estates. Built in 1928, this home spans over 3,000 square feet with 4 bedrooms and 3 bathrooms on a 6,361 square foot lot including a 4-car garage. An inviting entry with original wood detailing opens to a breathtaking living room defined by soaring ceilings, exposed decorative timber trusses, and an interior balcony. The remodeled kitchen blends modern amenities while maintaining a timeless design, featuring a Wolf range, stainless steel appliances, a walk-in pantry, abundant cabinetry and prep space, a peninsula with seating for casual dining, a dedicated coffee station, and the first of two washer/dryer locations. An arched opening leads to the sunlit dining room, complete with a custom buffet and elegant wallpaper. A separate family room with built-ins provides a comfortable space overlooking the front and back yards, while a dedicated office and a period-style three-quarter bath complete the first floor. Upstairs, natural light floods all 4 bedrooms, each with walk-in closets, and 2 vintage bathrooms. A central flex space—ideal as a playroom, teen lounge, or den—separates the bedrooms and adds versatility. Set back from the street, the home features a large front yard and a backyard patio perfect for entertaining or enjoying the wonderful Long Beach weather. 

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3142 Quail Run Rd

Rossmoor, CA 90720

3 Bed + Den | 3.5 Bath | 2,752 SF | $1,835,000

Welcome to this exceptional opportunity in the highly sought-after community of Rossmoor! Offering 2,752 square feet of living space, this charming two-story home presents incredible value and endless potential for buyers looking to personalize a home in one of Orange County’s most desirable neighborhoods. Lovingly maintained by the same family for more than 50 years, the home features 3 bedrooms, a large den, and 3.5 bathrooms. Located on a beautiful tree-lined street within the award-winning Los Alamitos School District, this home welcomes you with a spacious foyer, beautiful wood floors, and a large light-filled living room with cozy fireplace. The remodeled kitchen features granite countertops and stainless steel appliances and flows seamlessly into the formal dining area overlooking the backyard — perfect for entertaining and everyday living. The versatile downstairs layout includes one bedroom plus a large den with a fireplace and attached full bath, ideal for a family room, guest suite, or home office. Upstairs, you’ll find two spacious primary suites with vaulted ceilings and ensuite bathrooms. The main primary suite offers dual walk-in closets and a large bathroom with dual sinks, soaking tub, and walk-in shower. Step outside to enjoy the private backyard retreat featuring a sparkling pool and shaded patio, perfect for relaxing or hosting gatherings. Enjoy all that Rossmoor has to offer, including nearby Rossmoor Park with pickleball courts, tennis courts, basketball, softball fields, and playgrounds, plus close proximity to Lee Elementary, Weaver Elementary, Oak Middle School, shopping, and dining. This is a rare opportunity to create your dream home in one of Orange County’s premier neighborhoods.

205 Ocean Pl

Seal Beach, CA 90740

4 Bed | 4.5 Bath | 3,704 SF | $4,600,000

Welcome to a truly exceptional waterfront residence within a recently built coastal enclave by Shea Homes, completed in 2021, where modern sophistication meets intentional design and elevated craftsmanship. This exquisite 4-bedroom, 4.5-bathroom home spans approximately 3,704 square feet, offering a seamless blend of comfort, style, and functionality in one of Seal Beach’s most refined settings. Enjoy ocean views from both levels, with the main living level positioned on the second floor, thoughtfully designed to maximize natural light and capture the coastal setting. A beautifully appointed living area flows effortlessly into a chef’s kitchen featuring premium Wolf appliances, custom cabinetry, and an oversized island ideal for both everyday living and elevated entertaining. Expansive sliding glass doors create a seamless indoor-outdoor living experience, inviting in ocean breezes and the sound of the water. Two additional en-suite bedrooms on this level provide comfort and privacy, while an expansive deck extends the living space outdoors. The first floor is anchored by a spacious primary suite designed as a private waterfront retreat, complete with a spa-inspired bathroom featuring a soaking tub, dual vanities, and a generous walk-in closet. This level also includes an additional bedroom, a full bath, and a separate living area with water views, ideal for a media room, office, or lounge. Ideally located near the beach, a serene walking park, and the shops and dining of Main Street, this home offers a rare opportunity to experience refined coastal living at its best.

124 Verdin Lane

Aliso Viejo, CA 90630

2 Bed | 2.5 Bath | 1,124 SF | $795,000

Experience breathtaking panoramic mountain and city light views from this exceptional corner-unit condo in Seacrest Villas. This spacious 2-bedroom, 2.5-bath condo features single-level living with no interior or exterior steps, combining comfort and convenience in one exceptional home. Step inside to find beautiful modern flooring throughout and a thoughtfully updated kitchen with quartz countertops and sleek black stainless steel appliances. The open living space flows seamlessly to a large, beautifully landscaped patio, where you can relax or entertain while taking in the stunning panoramic views. Additional highlights include an attached 1-car garage with direct access, an additional assigned parking space, and ample guest parking. Enjoy the convenience of an in-unit side-by-side washer and dryer, plus the peace of mind of a recent community-wide re-pipe and no Mello-Roos tax. Residents enjoy resort-style amenities including a pool, spa, and lush greenbelts, all set within a peaceful, well-maintained community. Ideally located near top-rated schools, shopping, dining, toll roads, and freeways, with nearby hiking and biking trails for outdoor enthusiasts. Homes in this sought-after community rarely come available—don’t miss this incredible opportunity!

8877 Lauderdale Ct #213G

Huntington Beach, CA 90630

2 Bed | 2 Bath | 1,009 SF | $630,000

Resort-Style Living - Top-Floor 2-Bedroom Condo in Huntington Landmark 55+ Community! Welcome to this beautifully updated 2-bedroom, 2-bath top-floor condo in the highly sought-after, guard-gated Huntington Landmark active adult (55+) community. Surrounded by lush, well-maintained grounds, this vibrant community offers an exceptional lifestyle with resort-style amenities including two pools, spa, fitness center, putting green, tennis and pickleball courts, BBQ area, clubhouse, woodshop, sewing room, and more. This desirable Newport Model home is light, bright, and private, featuring a spacious living room that opens to a patio with peaceful treetop and community views. Enjoy modern water-proof laminate flooring throughout and a well-appointed kitchen with white cabinetry and stainless steel appliances, including a Frigidaire Gallery refrigerator. Both bathrooms have been tastefully updated with stone countertops, newer vanities, and stylish walk-in showers. The primary suite offers a large walk-in closet and an updated en-suite bath, creating a comfortable and relaxing retreat. Additional conveniences include in-unit washer and dryer. Experience the best of coastal living in a welcoming 55+ community with endless opportunities for recreation, relaxation, and social connection—all just minutes from shopping, dining, and the beach. FHA and VA approved.

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Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Imagine Realty | 6621 E Pacific Coast Hwy #150 | Long Beach, CA 90803 US

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🏡 Fed Holds Rates Steady as Housing Market Searches for Stability

The recent de-escalation of tensions between the U.S. and Iran is welcome news for both the economy and housing market. Lower energy costs could help ease inflation pressures and improve consumer and business confidence in the months ahead. However, the Federal Reserve's latest meeting underscored that policymakers remain focused on inflation, choosing to leave interest rates unchanged while signaling a cautious approach to future rate cuts. For Southern California buyers and sellers, elevated mortgage rates, affordability challenges, and limited inventory remain key themes as the market continues its gradual adjustment.

Federal Reserve Holds Rates Steady While Watching Inflation

At its June meeting, the Federal Reserve left its benchmark interest rate unchanged, marking another pause in its rate policy as officials continue to battle inflation. Fed policymakers acknowledged that inflation remains above their target despite signs that energy-related price pressures may ease following the end of the U.S.-Iran conflict. The Fed's updated projections suggest policymakers remain cautious about cutting rates too quickly and are focused on ensuring inflation moves sustainably lower before easing monetary policy.

For the housing market, this means mortgage rates may remain elevated in the near term, even if inflation moderates later this year. While many economists still expect some improvement in borrowing costs eventually, the path lower may be slower than buyers and sellers had hoped.

Inflation Remains Elevated, But There Are Signs of Relief

Inflation climbed above 4% for the first time in three years, driven largely by a surge in energy prices. The good news is that core inflation—which excludes food and energy—remains much more moderate.

With geopolitical tensions easing and energy prices stabilizing, inflation could begin to cool later this year. While that would be a positive development for consumers and the housing market, the Fed's latest comments suggest officials want to see more evidence of sustained progress before considering rate reductions.

Homeowners Continue Tapping Into Record Equity

Many homeowners are choosing to access their home equity rather than refinance and lose their low mortgage rates. Home equity withdrawals reached their highest first-quarter level since 2021, with second mortgages and home equity lines of credit (HELOCs) becoming increasingly popular. While strong home equity remains a positive sign for homeowners, growing debt levels could create additional financial pressure if economic conditions weaken.

Rising Construction Costs Continue to Impact Housing Affordability

Government regulations now account for more than one-quarter of the cost of building a new home. Combined with higher material and labor costs, these expenses continue to push new home prices higher and limit the pace of new housing development. For California buyers, this remains one of the key factors keeping housing affordability under pressure.

Foreclosure Activity Increases but Remains Historically Low

Foreclosure filings rose compared to last year, reflecting the impact of higher housing costs on some homeowners. However, foreclosure levels remain well below historical averages thanks to strong homeowner equity and stricter lending standards. While this is a trend worth monitoring, there are currently no signs of widespread housing distress.

What This Means for Buyers

• Affordability remains challenging due to elevated mortgage rates and home prices.
• Stabilizing inflation could help improve the rate outlook later this year.
• Increased inventory and slower market conditions may create negotiating opportunities.

What This Means for Sellers

• Low housing supply continues to support home values in many Southern California neighborhoods.
• Buyers remain active but are increasingly sensitive to monthly payment costs.
• Proper pricing and strategic marketing remain critical to attracting qualified buyers.

Bottom Line

The outlook for the housing market has improved as geopolitical tensions ease and inflation pressures show signs of moderating. However, the Federal Reserve's decision to keep rates unchanged reinforces that borrowing costs are likely to remain elevated for now.

For Southern California homeowners, the market remains fundamentally stable, supported by strong home equity and limited inventory. As we move through the second half of the year, gradual improvement—not rapid change—remains the most likely path forward.

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3142 Quail Run Rd

Rossmoor, CA 90720

3 Bed + Den | 3.5 Bath | 2,752 SF | $1,799,000

Welcome to this exceptional opportunity in the highly sought-after community of Rossmoor! Offering 2,752 square feet of living space, this charming two-story home presents incredible value and endless potential for buyers looking to personalize a home in one of Orange County’s most desirable neighborhoods. Lovingly maintained by the same family for more than 50 years, the home features 3 bedrooms, a large den, and 3.5 bathrooms. Located on a beautiful tree-lined street within the award-winning Los Alamitos School District, this home welcomes you with a spacious foyer, beautiful wood floors, and a large light-filled living room with cozy fireplace. The remodeled kitchen features granite countertops and stainless steel appliances and flows seamlessly into the formal dining area overlooking the backyard — perfect for entertaining and everyday living. The versatile downstairs layout includes one bedroom plus a large den with a fireplace and attached full bath, ideal for a family room, guest suite, or home office. Upstairs, you’ll find two spacious primary suites with vaulted ceilings and ensuite bathrooms. The main primary suite offers dual walk-in closets and a large bathroom with dual sinks, soaking tub, and walk-in shower. Step outside to enjoy the private backyard retreat featuring a sparkling pool and shaded patio, perfect for relaxing or hosting gatherings. Enjoy all that Rossmoor has to offer, including nearby Rossmoor Park with pickleball courts, tennis courts, basketball, softball fields, and playgrounds, plus close proximity to Lee Elementary, Weaver Elementary, Oak Middle School, shopping, and dining. This is a rare opportunity to create your dream home in one of Orange County’s premier neighborhoods.

258 Argonne

Long Beach, CA 90803

4 Bed | 3 Bath | 3,004 SF | $2,395,000

Rarely available, this beautiful Tudor Revival is located in the coveted Belmont Heights Estates. Built in 1928, this home spans over 3,000 square feet with 4 bedrooms and 3 bathrooms on a 6,361 square foot lot including a 4-car garage. An inviting entry with original wood detailing opens to a breathtaking living room defined by soaring ceilings, exposed decorative timber trusses, and an interior balcony. The remodeled kitchen blends modern amenities while maintaining a timeless design, featuring a Wolf range, stainless steel appliances, a walk-in pantry, abundant cabinetry and prep space, a peninsula with seating for casual dining, a dedicated coffee station, and the first of two washer/dryer locations. An arched opening leads to the sunlit dining room, complete with a custom buffet and elegant wallpaper. A separate family room with built-ins provides a comfortable space overlooking the front and back yards, while a dedicated office and a period-style three-quarter bath complete the first floor. Upstairs, natural light floods all 4 bedrooms, each with walk-in closets, and 2 vintage bathrooms. A central flex space—ideal as a playroom, teen lounge, or den—separates the bedrooms and adds versatility. Set back from the street, the home features a large front yard and a backyard patio perfect for entertaining or enjoying the wonderful Long Beach weather. 

13631 Richardson Way

Westminster, CA 92683

3 Bed | 1.5 Bath | 1,128 SF | $1,068,000

Beautifully maintained 3-bedroom / 1.5-bathroom home offering a blend of comfort, functionality, and inviting outdoor living. The property features generous RV parking with an oversized driveway (36’7” x 24’11”), perfect for recreational vehicles, extra cars, or toys. Inside, enjoy engineered hardwood flooring, classic wood shutters, open beam ceilings, dual split A/C, ceiling fan, rustic kitchen with real wood cabinets, interior laundry room, and a cozy wood-burning fireplace. A bright sunroom and adjoining bonus room provide flexible space for an office, studio, or relaxation retreat. The private, landscaped backyard is ideal for entertaining, complete with a shaded patio cover, custom tiled porch matching the sunroom, plenty of green grass, rose bushes, shrubs, and a mature avocado tree. Exterior has been freshly painted with new vent screens, and the upgraded shed with dual pane white vinyl windows adds valuable additional storage, along with the spacious two-car garage. Location is also close to freeways, shopping, and dining!

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205 Ocean Pl

Seal Beach, CA 90740

4 Bed | 4.5 Bath | 3,704 SF | $4,600,000

Welcome to a truly exceptional waterfront residence within a recently built coastal enclave by Shea Homes, completed in 2021, where modern sophistication meets intentional design and elevated craftsmanship. This exquisite 4-bedroom, 4.5-bathroom home spans approximately 3,704 square feet, offering a seamless blend of comfort, style, and functionality in one of Seal Beach’s most refined settings. Enjoy ocean views from both levels, with the main living level positioned on the second floor, thoughtfully designed to maximize natural light and capture the coastal setting. A beautifully appointed living area flows effortlessly into a chef’s kitchen featuring premium Wolf appliances, custom cabinetry, and an oversized island ideal for both everyday living and elevated entertaining. Expansive sliding glass doors create a seamless indoor-outdoor living experience, inviting in ocean breezes and the sound of the water. Two additional en-suite bedrooms on this level provide comfort and privacy, while an expansive deck extends the living space outdoors. The first floor is anchored by a spacious primary suite designed as a private waterfront retreat, complete with a spa-inspired bathroom featuring a soaking tub, dual vanities, and a generous walk-in closet. This level also includes an additional bedroom, a full bath, and a separate living area with water views, ideal for a media room, office, or lounge. Ideally located near the beach, a serene walking park, and the shops and dining of Main Street, this home offers a rare opportunity to experience refined coastal living at its best.

124 Verdin Lane

Aliso Viejo, CA 90630

2 Bed | 2.5 Bath | 1,124 SF | $795,000

Experience breathtaking panoramic mountain and city light views from this exceptional corner-unit condo in Seacrest Villas. This spacious 2-bedroom, 2.5-bath condo features single-level living with no interior or exterior steps, combining comfort and convenience in one exceptional home. Step inside to find beautiful modern flooring throughout and a thoughtfully updated kitchen with quartz countertops and sleek black stainless steel appliances. The open living space flows seamlessly to a large, beautifully landscaped patio, where you can relax or entertain while taking in the stunning panoramic views. Additional highlights include an attached 1-car garage with direct access, an additional assigned parking space, and ample guest parking. Enjoy the convenience of an in-unit side-by-side washer and dryer, plus the peace of mind of a recent community-wide re-pipe and no Mello-Roos tax. Residents enjoy resort-style amenities including a pool, spa, and lush greenbelts, all set within a peaceful, well-maintained community. Ideally located near top-rated schools, shopping, dining, toll roads, and freeways, with nearby hiking and biking trails for outdoor enthusiasts. Homes in this sought-after community rarely come available—don’t miss this incredible opportunity!

8877 Lauderdale Ct #213G

Huntington Beach, CA 90630

2 Bed | 2 Bath | 1,009 SF | $630,000

Resort-Style Living - Top-Floor 2-Bedroom Condo in Huntington Landmark 55+ Community! Welcome to this beautifully updated 2-bedroom, 2-bath top-floor condo in the highly sought-after, guard-gated Huntington Landmark active adult (55+) community. Surrounded by lush, well-maintained grounds, this vibrant community offers an exceptional lifestyle with resort-style amenities including two pools, spa, fitness center, putting green, tennis and pickleball courts, BBQ area, clubhouse, woodshop, sewing room, and more. This desirable Newport Model home is light, bright, and private, featuring a spacious living room that opens to a patio with peaceful treetop and community views. Enjoy modern water-proof laminate flooring throughout and a well-appointed kitchen with white cabinetry and stainless steel appliances, including a Frigidaire Gallery refrigerator. Both bathrooms have been tastefully updated with stone countertops, newer vanities, and stylish walk-in showers. The primary suite offers a large walk-in closet and an updated en-suite bath, creating a comfortable and relaxing retreat. Additional conveniences include in-unit washer and dryer. Experience the best of coastal living in a welcoming 55+ community with endless opportunities for recreation, relaxation, and social connection—all just minutes from shopping, dining, and the beach. FHA and VA approved.

850 E Ocean Blvd #302

Long Beach, CA 90802

2 Bed | 2 Bath | 1,370 SF | $850,000

Welcome to The Pacific, a luxury high-rise with stunning ocean views. This secure, 24/7 concierge-serviced building delivers resort-style living with direct access to the beach, a state-of-the-art fitness center, pool, spa, beach front fire pit, bbq area, and banquet/meeting room. This 3rd floor, 2 bedroom, 2 bathroom condo features hardwood floors and a private balcony off the living room, perfect for enjoying the ocean view. The kitchen is equipped with granite countertops, stainless steel appliances, including an oven, and dishwasher, combining style and performance. The spacious primary suite features custom closets and an en-suite bathroom designed for comfort, complete with a walk-in soaking tub, separate shower, and dual sinks. The secondary bedroom features a Murphy bed, allowing flexibility for a guest room, office, or additional living space. Other features include new paint, inside laundry with full-size washer and dryer, utility closet and storage space. The area is conveniently located near Shoreline Village, restaurants, shopping, and transportation. Experience elevated coastal living in one of the area's most sought-after oceanfront communities.

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WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Imagine Realty | 6621 E Pacific Coast Hwy #150 | Long Beach, CA 90803 US

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💼 Strong Jobs, Stubborn Rates: What It Means for the Housing Market

The latest jobs report delivered encouraging news for the economy, with hiring remaining stronger than expected and unemployment holding steady. While a healthy labor market is generally positive for housing, it may also keep mortgage rates elevated in the near term as the Federal Reserve remains focused on inflation. For Southern California buyers and sellers, the result is a market that continues to balance strong economic fundamentals against ongoing affordability challenges.

Labor Market Continues to Show Strength

The U.S. economy added more jobs than expected in May, marking a third consecutive month of solid employment growth. Unemployment remained at 4.3%, reflecting a labor market that continues to outperform expectations despite economic uncertainty.

However, wage growth is beginning to lag behind inflation, meaning many households are feeling pressure on their purchasing power. While employment remains strong, consumers may become more cautious with spending if inflation continues to outpace income growth.

Mortgage Rates May Stay Higher for Longer

Strong job growth is helping support the economy, but it also reduces pressure on the Federal Reserve to lower interest rates. Mortgage rates have been hovering near recent highs, and stronger-than-expected employment data pushed Treasury yields higher. While inflation expectations have eased slightly, rates are likely to remain volatile until there is clearer evidence that inflation is moving lower.

For buyers, affordability remains a challenge. For sellers, higher rates continue to limit the number of active buyers in the market.

Consumer Outlook Remains Mixed

While inflation expectations improved modestly in May, folks remain concerned about the future job market. More consumers believe they could lose their jobs over the next year, and confidence in finding new employment has declined. This uncertainty may continue to weigh on major financial decisions, including home purchases, despite the current strength of the labor market.

Housing Construction Continues to Improve

One positive sign for housing is that residential construction spending increased for the second consecutive month. Single-family construction and home remodeling activity both moved higher, suggesting builders and homeowners remain willing to invest despite elevated borrowing costs. Additional housing supply could help improve affordability and create more opportunities for buyers over time.

What This Means for Buyers

• Mortgage rates remain the biggest affordability hurdle.
• More inventory and new construction may provide additional options.
• Buyers who are financially prepared may benefit from less competition than during previous market cycles.

What This Means for Sellers

• Strong employment continues to support underlying housing demand.
• Buyers remain active but are increasingly payment-sensitive.
• Accurate pricing and strong property presentation remain critical for attracting offers.

Bottom Line

The economy continues to show resilience, supported by strong job growth and steady consumer activity. However, that same strength may delay meaningful mortgage rate relief in the near term.

For Southern California housing, the outlook remains cautiously optimistic. While affordability challenges persist, a healthy labor market, improving inventory, and stable buyer demand should help support the market as we move deeper into the second half of the year.

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3142 Quail Run Rd

Rossmoor, CA 90720

3 Bed + Den | 3.5 Bath | 2,752 SF | $1,799,000

Welcome to this exceptional opportunity in the highly sought-after community of Rossmoor! Offering 2,752 square feet of living space, this charming two-story home presents incredible value and endless potential for buyers looking to personalize a home in one of Orange County’s most desirable neighborhoods. Lovingly maintained by the same family for more than 50 years, the home features 3 bedrooms, a large den, and 3.5 bathrooms. Located on a beautiful tree-lined street within the award-winning Los Alamitos School District, this home welcomes you with a spacious foyer, beautiful wood floors, and a large light-filled living room with cozy fireplace. The remodeled kitchen features granite countertops and stainless steel appliances and flows seamlessly into the formal dining area overlooking the backyard — perfect for entertaining and everyday living. The versatile downstairs layout includes one bedroom plus a large den with a fireplace and attached full bath, ideal for a family room, guest suite, or home office. Upstairs, you’ll find two spacious primary suites with vaulted ceilings and ensuite bathrooms. The main primary suite offers dual walk-in closets and a large bathroom with dual sinks, soaking tub, and walk-in shower. Step outside to enjoy the private backyard retreat featuring a sparkling pool and shaded patio, perfect for relaxing or hosting gatherings. Enjoy all that Rossmoor has to offer, including nearby Rossmoor Park with pickleball courts, tennis courts, basketball, softball fields, and playgrounds, plus close proximity to Lee Elementary, Weaver Elementary, Oak Middle School, shopping, and dining. This is a rare opportunity to create your dream home in one of Orange County’s premier neighborhoods.

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Saturday (6/13) 1:00 - 4:00 pm

258 Argonne

Long Beach, CA 90803

4 Bed | 3 Bath | 3,004 SF | $2,395,000

Rarely available, this beautiful Tudor Revival is located in the coveted Belmont Heights Estates. Built in 1928, this home spans over 3,000 square feet with 4 bedrooms and 3 bathrooms on a 6,361 square foot lot including a 4-car garage. An inviting entry with original wood detailing opens to a breathtaking living room defined by soaring ceilings, exposed decorative timber trusses, and an interior balcony. The remodeled kitchen blends modern amenities while maintaining a timeless design, featuring a Wolf range, stainless steel appliances, a walk-in pantry, abundant cabinetry and prep space, a peninsula with seating for casual dining, a dedicated coffee station, and the first of two washer/dryer locations. An arched opening leads to the sunlit dining room, complete with a custom buffet and elegant wallpaper. A separate family room with built-ins provides a comfortable space overlooking the front and back yards, while a dedicated office and a period-style three-quarter bath complete the first floor. Upstairs, natural light floods all 4 bedrooms, each with walk-in closets, and 2 vintage bathrooms. A central flex space—ideal as a playroom, teen lounge, or den—separates the bedrooms and adds versatility. Set back from the street, the home features a large front yard and a backyard patio perfect for entertaining or enjoying the wonderful Long Beach weather. 

13631 Richardson Way

Westminster, CA 92683

3 Bed | 1.5 Bath | 1,128 SF | $1,100,000

Beautifully maintained 3-bedroom / 1.5-bathroom home offering a blend of comfort, functionality, and inviting outdoor living. The property features generous RV parking with an oversized driveway (36’7” x 24’11”), perfect for recreational vehicles, extra cars, or toys. Inside, enjoy engineered hardwood flooring, classic wood shutters, open beam ceilings, dual split A/C, ceiling fan, rustic kitchen with real wood cabinets, interior laundry room, and a cozy wood-burning fireplace. A bright sunroom and adjoining bonus room provide flexible space for an office, studio, or relaxation retreat. The private, landscaped backyard is ideal for entertaining, complete with a shaded patio cover, custom tiled porch matching the sunroom, plenty of green grass, rose bushes, shrubs, and a mature avocado tree. Exterior has been freshly painted with new vent screens, and the upgraded shed with dual pane white vinyl windows adds valuable additional storage, along with the spacious two-car garage. Location is also close to freeways, shopping, and dining!

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SCHEDULE AN APPOINTMENT

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Recently Sold

205 Ocean Pl

Seal Beach, CA 90740

4 Bed | 4.5 Bath | 3,704 SF | $4,600,000

Welcome to a truly exceptional waterfront residence within a recently built coastal enclave by Shea Homes, completed in 2021, where modern sophistication meets intentional design and elevated craftsmanship. This exquisite 4-bedroom, 4.5-bathroom home spans approximately 3,704 square feet, offering a seamless blend of comfort, style, and functionality in one of Seal Beach’s most refined settings. Enjoy ocean views from both levels, with the main living level positioned on the second floor, thoughtfully designed to maximize natural light and capture the coastal setting. A beautifully appointed living area flows effortlessly into a chef’s kitchen featuring premium Wolf appliances, custom cabinetry, and an oversized island ideal for both everyday living and elevated entertaining. Expansive sliding glass doors create a seamless indoor-outdoor living experience, inviting in ocean breezes and the sound of the water. Two additional en-suite bedrooms on this level provide comfort and privacy, while an expansive deck extends the living space outdoors. The first floor is anchored by a spacious primary suite designed as a private waterfront retreat, complete with a spa-inspired bathroom featuring a soaking tub, dual vanities, and a generous walk-in closet. This level also includes an additional bedroom, a full bath, and a separate living area with water views, ideal for a media room, office, or lounge. Ideally located near the beach, a serene walking park, and the shops and dining of Main Street, this home offers a rare opportunity to experience refined coastal living at its best.

124 Verdin Lane

Aliso Viejo, CA 90630

2 Bed | 2.5 Bath | 1,124 SF | $795,000

Experience breathtaking panoramic mountain and city light views from this exceptional corner-unit condo in Seacrest Villas. This spacious 2-bedroom, 2.5-bath condo features single-level living with no interior or exterior steps, combining comfort and convenience in one exceptional home. Step inside to find beautiful modern flooring throughout and a thoughtfully updated kitchen with quartz countertops and sleek black stainless steel appliances. The open living space flows seamlessly to a large, beautifully landscaped patio, where you can relax or entertain while taking in the stunning panoramic views. Additional highlights include an attached 1-car garage with direct access, an additional assigned parking space, and ample guest parking. Enjoy the convenience of an in-unit side-by-side washer and dryer, plus the peace of mind of a recent community-wide re-pipe and no Mello-Roos tax. Residents enjoy resort-style amenities including a pool, spa, and lush greenbelts, all set within a peaceful, well-maintained community. Ideally located near top-rated schools, shopping, dining, toll roads, and freeways, with nearby hiking and biking trails for outdoor enthusiasts. Homes in this sought-after community rarely come available—don’t miss this incredible opportunity!

8877 Lauderdale Ct #213G

Huntington Beach, CA 90630

2 Bed | 2 Bath | 1,009 SF | $630,000

Resort-Style Living - Top-Floor 2-Bedroom Condo in Huntington Landmark 55+ Community! Welcome to this beautifully updated 2-bedroom, 2-bath top-floor condo in the highly sought-after, guard-gated Huntington Landmark active adult (55+) community. Surrounded by lush, well-maintained grounds, this vibrant community offers an exceptional lifestyle with resort-style amenities including two pools, spa, fitness center, putting green, tennis and pickleball courts, BBQ area, clubhouse, woodshop, sewing room, and more. This desirable Newport Model home is light, bright, and private, featuring a spacious living room that opens to a patio with peaceful treetop and community views. Enjoy modern water-proof laminate flooring throughout and a well-appointed kitchen with white cabinetry and stainless steel appliances, including a Frigidaire Gallery refrigerator. Both bathrooms have been tastefully updated with stone countertops, newer vanities, and stylish walk-in showers. The primary suite offers a large walk-in closet and an updated en-suite bath, creating a comfortable and relaxing retreat. Additional conveniences include in-unit washer and dryer. Experience the best of coastal living in a welcoming 55+ community with endless opportunities for recreation, relaxation, and social connection—all just minutes from shopping, dining, and the beach. FHA and VA approved.

850 E Ocean Blvd #302

Long Beach, CA 90802

2 Bed | 2 Bath | 1,370 SF | $850,000

Welcome to The Pacific, a luxury high-rise with stunning ocean views. This secure, 24/7 concierge-serviced building delivers resort-style living with direct access to the beach, a state-of-the-art fitness center, pool, spa, beach front fire pit, bbq area, and banquet/meeting room. This 3rd floor, 2 bedroom, 2 bathroom condo features hardwood floors and a private balcony off the living room, perfect for enjoying the ocean view. The kitchen is equipped with granite countertops, stainless steel appliances, including an oven, and dishwasher, combining style and performance. The spacious primary suite features custom closets and an en-suite bathroom designed for comfort, complete with a walk-in soaking tub, separate shower, and dual sinks. The secondary bedroom features a Murphy bed, allowing flexibility for a guest room, office, or additional living space. Other features include new paint, inside laundry with full-size washer and dryer, utility closet and storage space. The area is conveniently located near Shoreline Village, restaurants, shopping, and transportation. Experience elevated coastal living in one of the area's most sought-after oceanfront communities.

3581 Olive Ave.,

Long Beach, CA 90807

4 Units | 1808 SF | $1,110,000

Trophy Spanish Fourplex in Coveted California Heights – Ideal Owner-User or Investment Opportunity! Rarely available, this beautifully maintained Spanish-style four-unit property is located in California Heights, one of Long Beach’s most sought-after neighborhoods. Set on a charming tree-lined street featuring historic homes, this is a true trophy asset offering timeless appeal, strong income, and exceptional lifestyle value. The property consists of four units—two 1-bedroom units and two studios. Three units are currently rented, and one is available for an owner-occupant, or can be rented for an investor looking to increase rental income. Once fully leased, the current gross scheduled income is $76,056 annually, with pro-forma potential of approximately $86,160 based on market rents. Additional features include three private garages and ample street parking. The location is unbeatable—just 2–3 blocks from award-winning Blue Ribbon schools (Longfellow Elementary and Hughes Middle School) and within walking distance to the vibrant shops, restaurants, and cafes of Bixby Knolls. This is a rare opportunity to own a character-rich, income-producing property in a premier neighborhood with long-term upside and undeniable charm.

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Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Imagine Realty | 6621 E Pacific Coast Hwy #150 | Long Beach, CA 90803 US

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🏡 Housing Holds Steady Despite Economic Uncertainty

As we move into the second half of the year, the housing market continues to face headwinds from inflation, elevated mortgage rates, and global uncertainty. While consumer and business confidence have weakened, there are signs that conditions could improve if geopolitical tensions ease and inflation pressures moderate. For Southern California buyers and sellers, affordability remains the biggest challenge—but improving inventory levels and gradual market adjustments could create opportunities in the months ahead.

Consumers Remain Cautious, But Spending Continues

Consumer confidence fell to record-low levels in May as households grappled with inflation, higher fuel costs, and economic uncertainty. Despite these concerns, consumer spending remains surprisingly resilient thanks to steady employment and wage growth.

The key concern moving forward is that rising costs are forcing many households to prioritize necessities over discretionary spending, which could eventually impact housing demand.

Business Confidence Takes a Hit

Corporate leaders are growing increasingly cautious. CEO confidence fell sharply during the second quarter as concerns about inflation, geopolitical risks, supply chains, and energy costs intensified.

While businesses remain operational and hiring has held up, uncertainty surrounding global events continues to weigh on long-term planning and investment decisions.

Higher Rates Continue to Slow Home Sales

New home sales declined in April as elevated mortgage rates and affordability challenges kept many buyers on the sidelines.

Key housing trends include:

• 📉 New home sales slowed nationwide
• 📈 Inventory levels increased as demand softened
• 🏡 Builders continue offering incentives to attract buyers

For California, increased inventory may help improve buyer options, but affordability remains a significant obstacle.

Rental Market Shows Signs of Stabilizing

Apartment rents increased modestly this spring as seasonal demand picked up. However, rents remain below year-ago levels due to the large supply of new apartment units entering the market. This additional rental inventory is helping ease housing costs for renters and limiting rent growth across many markets.

What This Means for Buyers

• Mortgage rates remain the biggest factor affecting affordability.
• More inventory is creating additional choices and negotiating opportunities.
• Buyers who are financially prepared may find less competition than in previous years.

What This Means for Sellers

• Well-priced homes continue to attract interest despite market uncertainty.
• Buyers are becoming more selective, making presentation and pricing more important than ever.
• Low inventory in many Southern California neighborhoods continues to support home values.

Bottom Line

The Southern California housing market remains in a period of adjustment. Elevated rates and economic uncertainty are keeping activity below normal levels, but rising inventory and resilient consumer spending suggest the market is gradually finding balance.

If inflation cools and geopolitical tensions ease, the second half of the year could bring improved buyer confidence and a stronger housing market than we've seen so far in 2026.

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Coming Soon

3142 Quail Run Rd

Rossmoor, CA 90720

3 Bed + Den | 3.5 Bath | 2,752 SF | $1,799,000

Welcome to this exceptional opportunity in the highly sought-after community of Rossmoor! Offering 2,752 square feet of living space, this charming two-story home presents incredible value and endless potential for buyers looking to personalize a home in one of Orange County’s most desirable neighborhoods. Lovingly maintained by the same family for more than 50 years, the home features 3 bedrooms, a large den, and 3.5 bathrooms. Located on a beautiful tree-lined street within the award-winning Los Alamitos School District, this home welcomes you with a spacious foyer with high ceilings, beautiful wood floors, and a large light-filled living room with cozy fireplace. The remodeled kitchen features granite countertops and stainless steel appliances and flows seamlessly into the formal dining area overlooking the backyard — perfect for entertaining and everyday living. The versatile downstairs layout includes one bedroom plus a large den with a fireplace and attached full bath, ideal for a family room, guest suite, or home office. Upstairs, you’ll find two spacious primary suites with vaulted ceilings and ensuite bathrooms. The main primary suite offers dual walk-in closets and a large bathroom with dual sinks, soaking tub, and walk-in shower. Step outside to enjoy the private backyard retreat featuring a sparkling pool and shaded patio, perfect for relaxing or hosting gatherings. Enjoy all that Rossmoor has to offer, including nearby Rossmoor Park with pickleball courts, tennis courts, basketball, softball fields, and playgrounds, plus close proximity to Lee Elementary, Weaver Elementary, Oak Middle School, shopping, and dining. This is a rare opportunity to create your dream home in one of Orange County’s premier neighborhoods.

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For Sale

258 Argonne

Long Beach, CA 90803

4 Bed | 3 Bath | 3,004 SF | $2,395,000 (new price!)

Rarely available, this beautiful Tudor Revival is located in the coveted Belmont Heights Estates. Built in 1928, this home spans over 3,000 square feet with 4 bedrooms and 3 bathrooms on a 6,361 square foot lot including a 4-car garage. An inviting entry with original wood detailing opens to a breathtaking living room defined by soaring ceilings, exposed decorative timber trusses, and an interior balcony. The remodeled kitchen blends modern amenities while maintaining a timeless design, featuring a Wolf range, stainless steel appliances, a walk-in pantry, abundant cabinetry and prep space, a peninsula with seating for casual dining, a dedicated coffee station, and the first of two washer/dryer locations. An arched opening leads to the sunlit dining room, complete with a custom buffet and elegant wallpaper. A separate family room with built-ins provides a comfortable space overlooking the front and back yards, while a dedicated office and a period-style three-quarter bath complete the first floor. Upstairs, natural light floods all 4 bedrooms, each with walk-in closets, and 2 vintage bathrooms. A central flex space—ideal as a playroom, teen lounge, or den—separates the bedrooms and adds versatility. Set back from the street, the home features a large front yard and a backyard patio perfect for entertaining or enjoying the wonderful Long Beach weather. 

13631 Richardson Way

Westminster, CA 92683

3 Bed | 1.5 Bath | 1,128 SF | $1,100,000

Beautifully maintained 3-bedroom / 1.5-bathroom home offering a blend of comfort, functionality, and inviting outdoor living. The property features generous RV parking with an oversized driveway (36’7” x 24’11”), perfect for recreational vehicles, extra cars, or toys. Inside, enjoy engineered hardwood flooring, classic wood shutters, open beam ceilings, dual split A/C, ceiling fan, rustic kitchen with real wood cabinets, interior laundry room, and a cozy wood-burning fireplace. A bright sunroom and adjoining bonus room provide flexible space for an office, studio, or relaxation retreat. The private, landscaped backyard is ideal for entertaining, complete with a shaded patio cover, custom tiled porch matching the sunroom, plenty of green grass, rose bushes, shrubs, and a mature avocado tree. Exterior has been freshly painted with new vent screens, and the upgraded shed with dual pane white vinyl windows adds valuable additional storage, along with the spacious two-car garage. Location is also close to freeways, shopping, and dining!

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Recently Sold

205 Ocean Pl

Seal Beach, CA 90740

4 Bed | 4.5 Bath | 3,704 SF | $4,600,000

Welcome to a truly exceptional waterfront residence within a recently built coastal enclave by Shea Homes, completed in 2021, where modern sophistication meets intentional design and elevated craftsmanship. This exquisite 4-bedroom, 4.5-bathroom home spans approximately 3,704 square feet, offering a seamless blend of comfort, style, and functionality in one of Seal Beach’s most refined settings. Enjoy ocean views from both levels, with the main living level positioned on the second floor, thoughtfully designed to maximize natural light and capture the coastal setting. A beautifully appointed living area flows effortlessly into a chef’s kitchen featuring premium Wolf appliances, custom cabinetry, and an oversized island ideal for both everyday living and elevated entertaining. Expansive sliding glass doors create a seamless indoor-outdoor living experience, inviting in ocean breezes and the sound of the water. Two additional en-suite bedrooms on this level provide comfort and privacy, while an expansive deck extends the living space outdoors. The first floor is anchored by a spacious primary suite designed as a private waterfront retreat, complete with a spa-inspired bathroom featuring a soaking tub, dual vanities, and a generous walk-in closet. This level also includes an additional bedroom, a full bath, and a separate living area with water views, ideal for a media room, office, or lounge. Ideally located near the beach, a serene walking park, and the shops and dining of Main Street, this home offers a rare opportunity to experience refined coastal living at its best.

124 Verdin Lane

Aliso Viejo, CA 90630

2 Bed | 2.5 Bath | 1,124 SF | $795,000

Experience breathtaking panoramic mountain and city light views from this exceptional corner-unit condo in Seacrest Villas. This spacious 2-bedroom, 2.5-bath condo features single-level living with no interior or exterior steps, combining comfort and convenience in one exceptional home. Step inside to find beautiful modern flooring throughout and a thoughtfully updated kitchen with quartz countertops and sleek black stainless steel appliances. The open living space flows seamlessly to a large, beautifully landscaped patio, where you can relax or entertain while taking in the stunning panoramic views. Additional highlights include an attached 1-car garage with direct access, an additional assigned parking space, and ample guest parking. Enjoy the convenience of an in-unit side-by-side washer and dryer, plus the peace of mind of a recent community-wide re-pipe and no Mello-Roos tax. Residents enjoy resort-style amenities including a pool, spa, and lush greenbelts, all set within a peaceful, well-maintained community. Ideally located near top-rated schools, shopping, dining, toll roads, and freeways, with nearby hiking and biking trails for outdoor enthusiasts. Homes in this sought-after community rarely come available—don’t miss this incredible opportunity!

8877 Lauderdale Ct #213G

Huntington Beach, CA 90630

2 Bed | 2 Bath | 1,009 SF | $630,000

Resort-Style Living - Top-Floor 2-Bedroom Condo in Huntington Landmark 55+ Community! Welcome to this beautifully updated 2-bedroom, 2-bath top-floor condo in the highly sought-after, guard-gated Huntington Landmark active adult (55+) community. Surrounded by lush, well-maintained grounds, this vibrant community offers an exceptional lifestyle with resort-style amenities including two pools, spa, fitness center, putting green, tennis and pickleball courts, BBQ area, clubhouse, woodshop, sewing room, and more. This desirable Newport Model home is light, bright, and private, featuring a spacious living room that opens to a patio with peaceful treetop and community views. Enjoy modern water-proof laminate flooring throughout and a well-appointed kitchen with white cabinetry and stainless steel appliances, including a Frigidaire Gallery refrigerator. Both bathrooms have been tastefully updated with stone countertops, newer vanities, and stylish walk-in showers. The primary suite offers a large walk-in closet and an updated en-suite bath, creating a comfortable and relaxing retreat. Additional conveniences include in-unit washer and dryer. Experience the best of coastal living in a welcoming 55+ community with endless opportunities for recreation, relaxation, and social connection—all just minutes from shopping, dining, and the beach. FHA and VA approved.

850 E Ocean Blvd #302

Long Beach, CA 90802

2 Bed | 2 Bath | 1,370 SF | $850,000

Welcome to The Pacific, a luxury high-rise with stunning ocean views. This secure, 24/7 concierge-serviced building delivers resort-style living with direct access to the beach, a state-of-the-art fitness center, pool, spa, beach front fire pit, bbq area, and banquet/meeting room. This 3rd floor, 2 bedroom, 2 bathroom condo features hardwood floors and a private balcony off the living room, perfect for enjoying the ocean view. The kitchen is equipped with granite countertops, stainless steel appliances, including an oven, and dishwasher, combining style and performance. The spacious primary suite features custom closets and an en-suite bathroom designed for comfort, complete with a walk-in soaking tub, separate shower, and dual sinks. The secondary bedroom features a Murphy bed, allowing flexibility for a guest room, office, or additional living space. Other features include new paint, inside laundry with full-size washer and dryer, utility closet and storage space. The area is conveniently located near Shoreline Village, restaurants, shopping, and transportation. Experience elevated coastal living in one of the area's most sought-after oceanfront communities.

3581 Olive Ave.,

Long Beach, CA 90807

4 Units | 1808 SF | $1,110,000

Trophy Spanish Fourplex in Coveted California Heights – Ideal Owner-User or Investment Opportunity! Rarely available, this beautifully maintained Spanish-style four-unit property is located in California Heights, one of Long Beach’s most sought-after neighborhoods. Set on a charming tree-lined street featuring historic homes, this is a true trophy asset offering timeless appeal, strong income, and exceptional lifestyle value. The property consists of four units—two 1-bedroom units and two studios. Three units are currently rented, and one is available for an owner-occupant, or can be rented for an investor looking to increase rental income. Once fully leased, the current gross scheduled income is $76,056 annually, with pro-forma potential of approximately $86,160 based on market rents. Additional features include three private garages and ample street parking. The location is unbeatable—just 2–3 blocks from award-winning Blue Ribbon schools (Longfellow Elementary and Hughes Middle School) and within walking distance to the vibrant shops, restaurants, and cafes of Bixby Knolls. This is a rare opportunity to own a character-rich, income-producing property in a premier neighborhood with long-term upside and undeniable charm.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Imagine Realty | 6621 E Pacific Coast Hwy #150 | Long Beach, CA 90803 US

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