Mortgage Rates Rise Again: What It Means for Southern California Homeowners

The housing market is entering September with a familiar challenge: inflation is still influencing mortgage rates and keeping many buyers on the sidelines. The Fed’s latest comments pushed rates higher, while new-home sales weakened and the rental market showed only modest improvement. The good news is that strong homeowner equity continues to provide a cushion against financial stress. For Long Beach and Orange County, limited inventory remains an important support for home values, but sellers should expect buyers to be more selective as borrowing costs remain elevated.

Fed Signals “Higher for Longer” as Mortgage Rates Rise

Federal Reserve Chair Kevin Warsh took a cautious approach in his recent Jackson Hole speech, emphasizing that inflation remains above the Fed’s 2% target and that a few months of improving data aren't enough to declare victory.

Markets responded quickly. The 10-year Treasury yield increased, expectations for a September rate hike rose, and the average 30-year fixed mortgage rate climbed to 6.81%, its highest level in three weeks.

For homebuyers, higher rates mean greater monthly payments and continued affordability challenges. For sellers, it reinforces the importance of realistic pricing and strong marketing to attract buyers who are still actively shopping.

New-Home Sales Fall as Higher Rates Weigh on Buyers

U.S. new-home sales declined 10.5% in July, reaching their lowest level since January. Higher mortgage rates and elevated inventory are giving buyers more negotiating power in the new-home market.

Builders have responded by reducing prices, with the median new-home price falling to its lowest level in five years. While the West saw a modest year-over-year increase in sales, affordability remains a significant obstacle.

This could be important for Southern California sellers, as competition from new construction can influence buyer expectations in certain price ranges.

Rental Market Shows Signs of Stabilizing

The national rental market continues to slowly improve. Median rents increased for the seventh consecutive month in August, while the national multifamily vacancy rate declined to 7.1%.

However, rental properties are still taking longer to lease, suggesting demand remains relatively soft. With housing affordability keeping some potential buyers in the rental market, conditions could remain stable rather than rapidly improve.

Foreclosures Rise, but Homeowner Equity Provides a Cushion

Foreclosure filings increased 10% from a year ago in July, reflecting continued financial pressure from higher housing and living costs.

However, foreclosure activity remains well below historical norms. Strong homeowner equity is one of the biggest reasons. Many homeowners who purchased or refinanced during the past several years have substantial equity, providing a financial cushion even in a slower market.

Long Beach & Orange County: Inventory Remains Key

In Long Beach and Orange County, the story continues to be one of limited inventory and selective buyers. Desirable homes in neighborhoods such as Belmont Shore, Naples, Alamitos Beach, East Long Beach, Huntington Beach, Seal Beach and Los Alamitos can still attract strong interest when they are priced appropriately and presented well.

Higher mortgage rates are limiting the number of buyers who can comfortably afford today's prices, but the lack of excess inventory is helping prevent the type of significant price declines that can occur in an oversupplied market.

For sellers, this makes accurate pricing especially important. A home that is competitively priced and properly prepared can still stand out, while overpriced properties are more likely to sit on the market and require adjustments.

Bottom Line

The housing market remains caught between high borrowing costs and limited supply. Mortgage rates could remain volatile until inflation shows more consistent improvement, but strong homeowner equity and constrained inventory continue to provide stability.

For Southern California homeowners considering a move, the market is less about trying to perfectly time interest rates and more about understanding current neighborhood-level supply, demand and comparable sales.

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20203 Paseo Granada

Cerritos, CA 90703

4 Bed | 3 Bath | 1,965 SF | $1,349,000

Welcome to this beautifully updated 4-bedroom, 3-bath home in the heart of Cerritos, where timeless design meets modern comfort. Soaring vaulted ceilings create an impressive first impression, opening to a spacious living room and formal dining area. Fresh interior and exterior paint and new luxury vinyl plank flooring throughout provide a bright, contemporary, move-in-ready feel. The beautiful kitchen is designed for both everyday living and entertaining, featuring espresso shaker cabinetry, granite countertops, a large peninsula, and stainless steel appliances. The light-filled family room offers recessed lighting and a cozy gas fireplace, while an additional enclosed patio provides versatile bonus space not included in the listed living area. The first-floor bedroom offers flexibility for guests, a home office, or multigenerational living. Upstairs, three additional bedrooms include a spacious primary suite with two walk-in closets and a beautifully remodeled bathroom featuring white shaker cabinetry, quartz countertops, and a stunning walk-in shower. The two front bedrooms each feature sliding doors that open to a generous front patio, creating additional private outdoor space. Enjoy the comfort for new central heating and AC. Lush landscaping surrounds the home, providing a welcoming setting for outdoor entertaining and relaxation. Ideally located in the award-winning ABC Unified School District, with access to nationally ranked Whitney High School (grades 7–12; admission by entrance exam), this home is also conveniently close to H Mart, Cerritos Towne Center, shopping, dining, parks, and major freeways. Beautifully updated, spacious, and ideally located, 20203 Paseo Granada offers the perfect combination of comfort, style, and convenience in one of Cerritos' most desirable communities.

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2601 E. Ocean Blvd #807

Long Beach, CA 90803

2 Bed | 2 Bath | 1,016 SF | $939,000 (New Price)

Amazing ocean views will take your breath away in this highly upgraded, TOP FLOOR, END UNIT 2 bedroom, 2 bathroom luxury condo with 1,016 square feet of well-designed living space and 2 separate parking spaces. A dramatic gallery-style entryway complete with LED-lit art niches, textured wave tiled walls, inlay flooring, and uplighting within the unique ceiling welcome you to this home. At the end of this striking entry sits a bar with wine refrigerator and glass front cabinets. The sleek kitchen is equipped with a Thermador induction cooktop and oven with rotisserie feature, countertops that just don’t seem to get stained, glossy, woodgrain styled cabinetry, and a breakfast bar ideal for casual dining. The open concept living room showcases a modern fireplace, ambient lighting, mirrored accent walls, and two accordion balcony doors that frame the incredible 270 degree ocean and city views while filling the home with natural light. The spacious primary suite is highlighted by an architectural ceiling, French doors, and Juliette balcony with views of Signal Hill - especially pretty at night. The custom walk-in closet with abundant built ins leads to a serene bathroom with a large shower featuring multiple shower heads and body sprays, marble vanity, touch light smart mirrors and a bidet. The guest bedroom enjoys equally beautiful city sights through the French doors, an art niche, and mirrored double closets. The lovely second bathroom features quartz countertops, oversized tile flooring and a shower/tub combo with accent glass tiles. The oversized tile extends throughout the main living spaces, while both bedrooms have luxury vinyl flooring. Access to the in-unit European laundry machine is located in the hallway closet that also houses the tankless water heater. Additional amenities include a mini-split unit with heat and air conditioning, surround sound in the living room, and a desirable location within the building set back from the street so that the unit stays quieter.

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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 #1102

Long Beach, CA 90802

2 Bed | 2 Bath | 1,084 SF | $483,000

Spectacular Panoramic City Views from the Iconic International Tower! Experience luxury high-rise living in this beautifully updated 2-bedroom, 2-bath condo perched in one of Long Beach's most recognizable architectural landmarks. Floor-to-ceiling windows fill the home with natural light and frame breathtaking panoramic views of the city skyline. Step onto the expansive wrap-around balcony from the living room or either bedroom to enjoy stunning sunrises and evening city lights. Designed for both everyday living and entertaining, the remodeled kitchen features elegant white cabinetry and striking stone countertops. The flexible floor plan includes two spacious primary suites each with direct balcony access and their own bathrooms, making it ideal for guests, multigenerational living, or a private home office. Additional features include modern heating and air conditioning, plus an in-unit washer/dryer, and all appliances included. 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. HOA dues include water, trash, sewer, basic cable and High Speed Internet. Beyond your front door awaits the very best of the Long Beach waterfront lifestyle.

3672 Montego Dr.,

Huntington Beach, CA 92649

3 Bed | 3 Bath | 1,818 SF | $1,205,000

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 | $985,000

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!

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.

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

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Southern California Housing Market: A Slower Summer, but Prices Remain Resilient

Southern California’s housing market entered the third quarter on a more cautious note. California home sales declined in July as higher mortgage rates continued to challenge affordability, while inflation showed signs of cooling. At the same time, limited inventory is helping support home values, particularly for well-priced single-family homes in desirable communities. For Long Beach and Orange County homeowners, the market remains active—but buyers are increasingly selective and sensitive to monthly payments.

California Housing Market Slows in July

California existing single-family home sales fell 6.0% from June in July, although sales were still 1.1% higher than a year ago. The statewide median price declined 1.9% from June to $887,680, but remained 0.3% above July 2025. 

For Southern California, the median single-family home price was approximately $899,000 in July, up 2.7% from a year earlier. 

Long Beach: Single-Family Homes Continue to Hold Their Value

Long Beach continues to show resilience despite higher financing costs. Current market data indicates that the median single-family home price is around $820,000, approximately 4% higher than a year ago. Inventory remains relatively limited, although buyers are gaining somewhat more negotiating room in some neighborhoods and price ranges. 

The market also continues to vary significantly by neighborhood. Demand remains particularly strong for well-maintained homes in areas such as Belmont Shore, Naples, Los Altos, Bixby Knolls and California Heights, while buyers looking at condos and homes requiring significant improvements generally have more leverage.

For sellers, the message is important: limited inventory remains an advantage, but pricing a property correctly is critical. Buyers are less willing to stretch beyond market value when mortgage rates are near 6.5%–7%.

Orange County: Detached Homes Continue to Outperform

Orange County is showing a similar pattern, with detached single-family homes outperforming the attached-home market. The Orange County REALTORS® July market snapshot shows detached-home prices up 2.8% year over year, while attached-home prices were down 2.1%. Detached-home sales were also up 1.1% from a year earlier. 

That difference is important for local sellers. Well-located single-family homes continue to attract buyers, while condos and townhomes may require more competitive pricing and marketing to stand out.

Inflation Provides Some Encouraging News

The latest inflation report offered another positive development. Consumer prices increased just 0.1% in July, with annual inflation easing to 3.4% from 3.5% in June. Core inflation also moderated, providing some evidence that price pressures may gradually be moving in the right direction.

However, inflation continues to run ahead of wage growth, meaning many households remain under pressure. The combination of elevated home prices and mortgage rates continues to make affordability one of the biggest obstacles facing Southern California buyers.

What This Means for Southern California Sellers

The Southern California housing market isn't as competitive as it was during the strongest periods of the pandemic-era market, but this is still not a market where sellers should assume they need to make major concessions.

Limited inventory, strong homeowner equity and steady demand for desirable neighborhoods continue to provide support. At the same time, buyers are more payment-conscious and have more opportunities to negotiate than they did a year or two ago.

For Long Beach and Orange County sellers, accurate pricing, strong presentation and strategic marketing are more important than ever. A home that is priced correctly can still attract strong buyer interest, while an overpriced property may sit longer and ultimately require a price reduction.

Bottom Line

The second half of 2026 is beginning with a slower and more balanced Southern California housing market. Cooling inflation and potentially lower mortgage rates could provide a boost later this year, but affordability will remain a major factor.

For homeowners considering selling in Long Beach, Belmont Shore, Naples, East Long Beach, California Heights, Orange County or surrounding communities, the most important question isn't simply whether it's a "seller's market." It's how your specific neighborhood, property type and price range are performing right now.

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700 E. Ocean Blvd #1102

Long Beach, CA 90802

2 Bed | 2 Bath | 1,084 SF | $499,990

Spectacular Panoramic City Views from the Iconic International Tower! Experience luxury high-rise living in this beautifully updated 2-bedroom, 2-bath condo perched in one of Long Beach's most recognizable architectural landmarks. Floor-to-ceiling windows fill the home with natural light and frame breathtaking panoramic views of the city skyline. Step onto the expansive wrap-around balcony from the living room or either bedroom to enjoy stunning sunrises and evening city lights. Designed for both everyday living and entertaining, the remodeled kitchen features elegant white cabinetry and striking stone countertops. The flexible floor plan includes two spacious primary suites each with direct balcony access and their own bathrooms, making it ideal for guests, multigenerational living, or a private home office. Additional features include modern heating and air conditioning, plus an in-unit washer/dryer, and all appliances included. 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. HOA dues include water, trash, sewer, basic cable and High Speed Internet. 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 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. This is more than a beautiful condominium, it's an opportunity to own a turnkey home in one of Southern California's most desirable waterfront communities, where timeless architecture, modern upgrades, and an unmatched coastal lifestyle come together. FHA and VA approved. Don't miss this rare opportunity to own a premier view residence in one of Long Beach's most iconic buildings.

2601 E. Ocean Blvd #807

Long Beach, CA 90803

2 Bed | 2 Bath | 1,016 SF | $957,550

Amazing ocean views will take your breath away in this highly upgraded, TOP FLOOR, END UNIT 2 bedroom, 2 bathroom luxury condo with 1,016 square feet of well-designed living space and 2 separate parking spaces. A dramatic gallery-style entryway complete with LED-lit art niches, textured wave tiled walls, inlay flooring, and uplighting within the unique ceiling welcome you to this home. At the end of this striking entry sits a bar with wine refrigerator and glass front cabinets. The sleek kitchen is equipped with a Thermador induction cooktop and oven with rotisserie feature, countertops that just don’t seem to get stained, glossy, woodgrain styled cabinetry, and a breakfast bar ideal for casual dining. The open concept living room showcases a modern fireplace, ambient lighting, mirrored accent walls, and two accordion balcony doors that frame the incredible 270 degree ocean and city views while filling the home with natural light. The spacious primary suite is highlighted by an architectural ceiling, French doors, and Juliette balcony with views of Signal Hill - especially pretty at night. The custom walk-in closet with abundant built ins leads to a serene bathroom with a large shower featuring multiple shower heads and body sprays, marble vanity, touch light smart mirrors and a bidet. The guest bedroom enjoys equally beautiful city sights through the French doors, an art niche, and mirrored double closets. The lovely second bathroom features quartz countertops, oversized tile flooring and a shower/tub combo with accent glass tiles. The oversized tile extends throughout the main living spaces, while both bedrooms have luxury vinyl flooring. Access to the in-unit European laundry machine is located in the hallway closet that also houses the tankless water heater. Additional amenities include a mini-split unit with heat and air conditioning, surround sound in the living room, and a desirable location within the building set back from the street so that the unit stays quieter.

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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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3672 Montego Dr.,

Huntington Beach, CA 92649

3 Bed | 3 Bath | 1,818 SF | $1,205,000

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 | $985,000

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!

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.

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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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Southern California Housing Market:

Rates Ease, but Buyers Remain Cautious

Southern California's housing market continues to move through a period of adjustment as we enter the second half of 2026. Mortgage rates have finally edged lower, inflation is showing signs of cooling, and home prices remain relatively firm—but affordability continues to limit buyer demand. Tight inventory is helping support prices in Long Beach and Orange County, while buyers remain selective and highly focused on monthly payments.

Mortgage Rates Offer a Small Dose of Relief

After five consecutive weeks of increases, the average 30-year fixed mortgage rate fell to 6.67% this week from 6.69% last week. While the decline is modest, lower borrowing costs could gradually improve purchasing power and encourage some buyers who have been waiting on the sidelines to reenter the market.

The latest CPI report also provided some encouragement. Annual inflation eased to 3.4% in July from 3.5% in June, while core inflation declined to 2.5%. Continued improvement in inflation could eventually create more room for lower interest rates.

Affordability Remains Southern California's Biggest Challenge

California's Housing Affordability Index declined from 22% in the first quarter to 19% in Q2. The statewide median home price reached approximately $916,750, with the estimated monthly payment on a median-priced home around $5,710.

For Southern California buyers, particularly first-time buyers, high home prices combined with mortgage rates near 6.7% continue to create a significant affordability hurdle. Even modest changes in mortgage rates can make a meaningful difference in monthly payments and purchasing power.

Long Beach Housing Market

Long Beach remains relatively resilient despite higher borrowing costs. The combined median sale price for single-family homes and condos was approximately $843,000 in Q2 2026, compared with about $850,000 a year earlier.

Inventory increased roughly 7% from last year, while closed sales declined about 4%. This suggests the market is becoming more balanced, giving buyers somewhat more choice while maintaining support for property values.

For sellers in neighborhoods such as Belmont Shore, Alamitos Beach, Naples, California Heights and Los Altos, pricing remains particularly important. Buyers are willing to act when a property is well-priced and presented effectively, but overpriced homes can sit longer.

Orange County Housing Market

Orange County continues to see stronger pricing than most of Southern California. The median price of an existing single-family home reached approximately $1.49 million in June 2026, about 1.4% higher than a year earlier.

Sales increased roughly 12% year over year, while inventory remained relatively constrained. The combination of limited supply and continued buyer demand is helping prevent significant price declines, although affordability remains a major limitation.

For Orange County homeowners considering selling, today's market favors properties that are properly priced, well-maintained and positioned against competing listings.

What Southern California Sellers Should Know

The Southern California market is more balanced than it was during the peak of the pandemic-era boom, but there are no signs of a widespread housing correction. Limited inventory continues to provide a floor under prices, particularly in desirable coastal and established communities.

The biggest wildcard is mortgage rates. If rates continue to moderate, more buyers could return during the second half of the year. If rates remain elevated, sales may continue at a slower pace even while prices remain relatively stable.

Bottom Line

For Southern California homeowners, the 2026 market is increasingly about strategy rather than momentum. Buyers are still purchasing, but affordability is driving more careful decision-making.

Long Beach and Orange County sellers who price realistically, prepare their homes well and understand their neighborhood's specific market conditions should continue to have opportunities—even in a higher-rate environment.

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For Sale

700 E. Ocean Blvd #1102

Long Beach, CA 90802

2 Bed | 2 Bath | 1,084 SF | $499,990

Spectacular Panoramic City Views from the Iconic International Tower! Experience luxury high-rise living in this beautifully updated 2-bedroom, 2-bath condo perched in one of Long Beach's most recognizable architectural landmarks. Floor-to-ceiling windows fill the home with natural light and frame breathtaking panoramic views of the city skyline. Step onto the expansive wrap-around balcony from the living room or either bedroom to enjoy stunning sunrises and evening city lights. Designed for both everyday living and entertaining, the remodeled kitchen features elegant white cabinetry and striking stone countertops. The flexible floor plan includes two spacious primary suites each with direct balcony access and their own bathrooms, making it ideal for guests, multigenerational living, or a private home office. Additional features include modern heating and air conditioning, plus an in-unit washer/dryer, and all appliances included. 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. HOA dues include water, trash, sewer, basic cable and High Speed Internet. 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 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. This is more than a beautiful condominium, it's an opportunity to own a turnkey home in one of Southern California's most desirable waterfront communities, where timeless architecture, modern upgrades, and an unmatched coastal lifestyle come together. FHA and VA approved. Don't miss this rare opportunity to own a premier view residence in one of Long Beach's most iconic buildings.

2601 E. Ocean Blvd #807

Long Beach, CA 90803

2 Bed | 2 Bath | 1,016 SF | $957,550

Amazing ocean views will take your breath away in this highly upgraded, TOP FLOOR, END UNIT 2 bedroom, 2 bathroom luxury condo with 1,016 square feet of well-designed living space and 2 separate parking spaces. A dramatic gallery-style entryway complete with LED-lit art niches, textured wave tiled walls, inlay flooring, and uplighting within the unique ceiling welcome you to this home. At the end of this striking entry sits a bar with wine refrigerator and glass front cabinets. The sleek kitchen is equipped with a Thermador induction cooktop and oven with rotisserie feature, countertops that just don’t seem to get stained, glossy, woodgrain styled cabinetry, and a breakfast bar ideal for casual dining. The open concept living room showcases a modern fireplace, ambient lighting, mirrored accent walls, and two accordion balcony doors that frame the incredible 270 degree ocean and city views while filling the home with natural light. The spacious primary suite is highlighted by an architectural ceiling, French doors, and Juliette balcony with views of Signal Hill - especially pretty at night. The custom walk-in closet with abundant built ins leads to a serene bathroom with a large shower featuring multiple shower heads and body sprays, marble vanity, touch light smart mirrors and a bidet. The guest bedroom enjoys equally beautiful city sights through the French doors, an art niche, and mirrored double closets. The lovely second bathroom features quartz countertops, oversized tile flooring and a shower/tub combo with accent glass tiles. The oversized tile extends throughout the main living spaces, while both bedrooms have luxury vinyl flooring. Access to the in-unit European laundry machine is located in the hallway closet that also houses the tankless water heater. Additional amenities include a mini-split unit with heat and air conditioning, surround sound in the living room, and a desirable location within the building set back from the street so that the unit stays quieter.

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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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3672 Montego Dr.,

Huntington Beach, CA 92649

3 Bed | 3 Bath | 1,818 SF | $1,205,000

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 | $985,000

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!

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.

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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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Economic Growth Slows, Fed Holds Steady & Housing Faces New Challenges

The latest economic reports suggest the U.S. economy is still expanding, but at a slower and more uneven pace. The Federal Reserve left interest rates unchanged, inflation remains a concern, and higher mortgage rates continue to challenge homebuyers. Despite these headwinds, consumer spending has remained resilient, rental demand is improving, and California's housing market continues to benefit from limited inventory. As we move through the second half of 2026, mortgage rates and inflation will likely remain the biggest factors influencing both buyers and sellers across Southern California.

Economy Continues to Grow, But Momentum Slows

The U.S. economy expanded at a 1.5% annual rate during the second quarter, down from the previous quarter but still signaling continued growth. Consumer spending remained a bright spot, supported in part by larger tax refunds, while business investment also contributed positively. However, higher inflation, softer government spending, and ongoing global uncertainty continue to temper the economic outlook.

Federal Reserve Holds Rates Steady

The Federal Reserve kept its benchmark interest rate unchanged for the fifth consecutive meeting, signaling it remains focused on bringing inflation back toward its long-term target. While most policymakers supported holding rates steady, several Fed officials favored another rate hike, highlighting ongoing concern that inflation remains stubbornly elevated. As a result, mortgage rates are likely to remain volatile in the months ahead.

Homebuilding Remains Under Pressure

Construction activity weakened again in June as higher borrowing costs continued to weigh on residential development. Spending on new single-family homes declined, while multifamily construction also softened. With mortgage rates remaining near yearly highs, builders are expected to remain cautious until financing conditions improve.

Rental Market Continues Gradual Improvement

The apartment market continued its slow recovery during July, with rents posting another modest monthly increase while vacancy rates remained stable. Although rents remain slightly below last year's levels nationally, several California markets—including San Francisco, San Jose, and Fresno—continue to experience some of the strongest rent growth in the country. Strong rental demand reinforces the ongoing affordability challenges facing many prospective homebuyers.

What This Means for Southern California Buyers & Sellers

While the economy has cooled from earlier in the year, it continues to expand, and California's housing market remains supported by limited inventory. Higher mortgage rates may continue to slow buyer activity, but well-priced homes in desirable neighborhoods across Long Beach, Orange County, and Southern California are still attracting serious buyers. As always, local market conditions vary significantly by neighborhood, making local expertise more important than ever.

Whether you're considering buying, selling, or simply want to understand how current market trends affect your home's value, staying informed is the key to making confident real estate decisions.

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For Sale

700 E. Ocean Blvd #1102

Long Beach, CA 90802

2 Bed | 2 Bath | 1,084 SF | $499,990

Spectacular Panoramic City Views from the Iconic International Tower! Experience luxury high-rise living in this beautifully updated 2-bedroom, 2-bath condo perched in one of Long Beach's most recognizable architectural landmarks. Floor-to-ceiling windows fill the home with natural light and frame breathtaking panoramic views of the city skyline. Step onto the expansive wrap-around balcony from the living room or either bedroom to enjoy stunning sunrises and evening city lights. Designed for both everyday living and entertaining, the remodeled kitchen features elegant white cabinetry and striking stone countertops. The flexible floor plan includes two spacious primary suites each with direct balcony access and their own bathrooms, making it ideal for guests, multigenerational living, or a private home office. Additional features include modern heating and air conditioning, plus an in-unit washer/dryer, and all appliances included. 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. HOA dues include water, trash, sewer, basic cable and High Speed Internet. 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 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. This is more than a beautiful condominium, it's an opportunity to own a turnkey home in one of Southern California's most desirable waterfront communities, where timeless architecture, modern upgrades, and an unmatched coastal lifestyle come together. FHA and VA approved. Don't miss this rare opportunity to own a premier view residence in one of Long Beach's most iconic buildings.

2601 E. Ocean Blvd #807

Long Beach, CA 90803

2 Bed | 2 Bath | 1,016 SF | $957,550

Amazing ocean views will take your breath away in this highly upgraded, TOP FLOOR, END UNIT 2 bedroom, 2 bathroom luxury condo with 1,016 square feet of well-designed living space and 2 separate parking spaces. A dramatic gallery-style entryway complete with LED-lit art niches, textured wave tiled walls, inlay flooring, and uplighting within the unique ceiling welcome you to this home. At the end of this striking entry sits a bar with wine refrigerator and glass front cabinets. The sleek kitchen is equipped with a Thermador induction cooktop and oven with rotisserie feature, countertops that just don’t seem to get stained, glossy, woodgrain styled cabinetry, and a breakfast bar ideal for casual dining. The open concept living room showcases a modern fireplace, ambient lighting, mirrored accent walls, and two accordion balcony doors that frame the incredible 270 degree ocean and city views while filling the home with natural light. The spacious primary suite is highlighted by an architectural ceiling, French doors, and Juliette balcony with views of Signal Hill - especially pretty at night. The custom walk-in closet with abundant built ins leads to a serene bathroom with a large shower featuring multiple shower heads and body sprays, marble vanity, touch light smart mirrors and a bidet. The guest bedroom enjoys equally beautiful city sights through the French doors, an art niche, and mirrored double closets. The lovely second bathroom features quartz countertops, oversized tile flooring and a shower/tub combo with accent glass tiles. The oversized tile extends throughout the main living spaces, while both bedrooms have luxury vinyl flooring. Access to the in-unit European laundry machine is located in the hallway closet that also houses the tankless water heater. Additional amenities include a mini-split unit with heat and air conditioning, surround sound in the living room, and a desirable location within the building set back from the street so that the unit stays quieter.

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In Escrow

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!

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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Recently Sold

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.

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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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Housing Market Holds Steady, But Rising Global Tensions Could Challenge Momentum

The housing market continues to show resilience despite elevated mortgage rates and ongoing affordability challenges. Small business confidence improved, new-home sales stabilized, and foreclosure activity remains well below historical levels—signs that the broader economy is holding up. However, renewed conflict in the Middle East has pushed oil prices higher, raising concerns about inflation and the path of future interest rates. If these pressures persist, buyers could remain cautious and housing activity may slow during the second half of the year.

Small Business Confidence Improves

Small business optimism rebounded in June as easing geopolitical tensions briefly lowered energy costs and reduced economic uncertainty. Business owners reported stronger sales expectations and improved confidence, although optimism remains slightly below long-term averages. With renewed conflict in July driving oil prices higher, inflation pressures could return and temper confidence in the months ahead.

New-Home Sales Stabilize, But the West Continues to Lag

National new-home sales edged higher in June as mortgage rates eased modestly and consumer confidence improved. However, sales across the Western U.S. fell to their lowest level in more than a decade, highlighting the ongoing affordability challenges facing markets like California. Builders also continue to slow new construction as they work through existing inventory and softer buyer demand.

Builder Confidence Remains Weak

Homebuilder sentiment declined again in July as elevated financing costs, affordability concerns, and economic uncertainty continued to weigh on the market. More builders are offering price reductions to attract buyers, signaling that demand for newly built homes remains soft despite limited resale inventory.

Foreclosure Activity Still Historically Low

Although foreclosure filings increased compared to a year ago, they declined from the previous month and remain well below pre-pandemic levels. Strong homeowner equity and stricter lending standards continue to support the housing market, reducing the likelihood of widespread distressed sales despite higher homeownership costs.

What This Means for Buyers and Sellers

Southern California's housing market remains balanced between resilient demand and ongoing affordability challenges. Limited inventory continues to support home values, while higher mortgage rates are keeping many buyers selective. If inflation eases and interest rates stabilize later this year, buyer activity could gradually strengthen. For sellers, well-priced homes in desirable neighborhoods continue to attract attention, while buyers who stay prepared may find opportunities as competition remains more manageable than during recent peak markets.

Bottom Line

While economic uncertainty and global events continue to influence mortgage rates and consumer confidence, the housing market remains fundamentally healthy. For buyers and sellers in Long Beach, Orange County, and throughout Southern California, staying informed and working with a knowledgeable local real estate professional will be key to making confident decisions in today's evolving market.

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700 E. Ocean Blvd #1102

Long Beach, CA 90802

2 Bed | 2 Bath | 1,084 SF | $499,990

OPEN HOUSE

Saturday (8/1) & Sunday (8/2)

12:00 - 3:00pm

Spectacular Panoramic City Views from the Iconic International Tower! Experience luxury high-rise living in this beautifully updated 2-bedroom, 2-bath condo perched in one of Long Beach's most recognizable architectural landmarks. Floor-to-ceiling windows fill the home with natural light and frame breathtaking panoramic views of the city skyline. Step onto the expansive wrap-around balcony from the living room or either bedroom to enjoy stunning sunrises and evening city lights. Designed for both everyday living and entertaining, the remodeled kitchen features elegant white cabinetry and striking stone countertops. The flexible floor plan includes two spacious primary suites each with direct balcony access and their own bathrooms, making it ideal for guests, multigenerational living, or a private home office. Additional features include modern heating and air conditioning, plus an in-unit washer/dryer, and all appliances included. 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. HOA dues include water, trash, sewer, basic cable and High Speed Internet. 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 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. This is more than a beautiful condominium, it's an opportunity to own a turnkey home in one of Southern California's most desirable waterfront communities, where timeless architecture, modern upgrades, and an unmatched coastal lifestyle come together. FHA and VA approved. Don't miss this rare opportunity to own a premier view residence in one of Long Beach's most iconic buildings.

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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!

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.

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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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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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Recently Sold

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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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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