Provence. A wicker basket with Easter eggs_ lavender_ candles and white rabbits in the interior of the living room on a wooden table. The concept of home comfort in the bright holiday of Easter 2022.

The Fed delayed lowering the federal funds rate for at least six more weeks, but its latest projection suggested that the central bank still intends to have three rate cuts by the end of the year. Since the announcement, mortgage rates have declined slightly and should help mortgage application activity bounce back. Meanwhile, the lack of inventory and the belief of lower rates ahead continued to lift builders’ confidence, as evidenced by a strong rebound in residential construction, a nearly two-year high in building permits, and an almost 10% growth pace in completed projects.


The Fed decides to hold rates steady but still plans to cut rates three times by end of 2024: At their latest meeting last week, the Federal Open Market Committee (FOMC) decided to leave the federal funds rate unchanged. The decision was widely anticipated, after recent economic reports suggested that inflation remained sticky, and the overall economy continued to be solid. The focus of the release was mostly on the Fed’s projections for future rate cuts, which was in line with their previous expectation of three rate cuts for the year 2024. The latest news from the Fed was more encouraging than what the market expected and resulted in an improvement in the bond market, which consequently eased mortgage rates slightly from where they stood prior to the announcement.


Mortgage Rates Drop Slightly This Week: Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) on March 28, showing the 30-year fixed-rate mortgage averaged 6.79%, down 8 basis points from the previous week—one basis point is equal to one hundredth of a percentage point.


Homebuilder sentiment turns positive for the first time since July: U.S. homebuilders reported feeling more confident about their businesses than they have had since last summer, as demand for new housing units continued to rise despite stubbornly high mortgage rates. The National Association of Home Builders/Well Fargo Housing Market Index, which tracks homebuilder sentiment, rose 3 points in March to 51 and was the fourth consecutive monthly gain the index recorded. The sentiment index reached the highest level since July of last year and moved into positive territory (above 50) for the first time since then. Builders are still using sales incentives such as mortgage rate buydowns, but fewer of them are lowering home prices to attract buyers. More builders also believe that as mortgage rates improve, especially in the later part of the year, many more buyers on the sidelines will reenter the market. 


US residential construction rebounds strongly in February: Boosted by mild temperatures and a persistent shortage of homes on the resale market, housing starts climbed 10.7% month-over-month in February on top of an upward- revised January's figure. It was the highest monthly gain in nine months and marked a strong reversal of the 12.3% month-over-month decline seen in January. The report released last Tuesday by the US Census Bureau and the Department of Housing and Urban Development, also showed a better outlook for residential construction in the months ahead, as building permits increased 1.9% month-over-month to reach 1.518 million and marked the biggest leap since August. The report continued with more good news as housing completions came in 19.7% higher than the revised January estimate and 9.6% higher compared to one year ago. The sharp increases will continue to provide more options for buyers in the supply constrained market.


If you have any questions or would like personalized advice regarding the current market conditions, please feel free to reach out. Your success in real estate is my top priority.


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Coming Soon

700 E Ocean Blvd #607

Long Beach 90802

1 Bed | 1.5 Bath | 880 SF | $625,000


Amazing ocean views from every room in this beautifully remodeled open floor plan condo at the International Tower! This beautifully updated modern high-rise condo features hardwood flooring, fresh interior paint, scraped ceilings, and is light and bright with expansive ocean views. 

For Sale

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $930,000


This historic gem awaits you in the charming Wrigley neighborhood of Long Beach! This gorgeous Spanish home, built in 1928, is full of charming curb appeal with its gated courtyard, porte cochere, red-tiled roof and front steps leading to the turret entry!

6544 Cerritos Ave.

Long Beach 90805

2 Bed | 1 Bath | 1,198 SF | $699,000


Welcome to 6544 Cerritos Ave, a charming slice of Spanish-inspired architecture nestled in the heart of North Long Beach. This classic 2-bedroom, 1-bathroom home boasts timeless elegance coupled with modern upgrades, offering comfort and style.

837 Chestnut Ave. #12

Long Beach 90813

1 Bed | 1 Bath | 611 SF | $320,000


Step into this wonderful top-floor unit boasting an open floor plan in a mid-century style building. This property presents a unique opportunity to own a fantastic rental or a charming coastal condo just moments away from the beach.

In Escrow

2892 Walker Lee Dr.

Rossmoor 90720

5 Bed | 8 Bath | 6,041 SF | For Rent $15,000 / mo


Welcome home to perfection in this one-of-a-kind home in the highly sought after community of Rossmoor. Breathtaking elegance is evident upon arrival & deepens with the discovery of each exquisitely unique space, feature & divine amenity.  

Recently Sold

16136 Cornuta Ave. #117

Bellflower 90706

3 Bed | 2.5 Bath | 1336 SF | $590,000


Beautifully remodeled townhome with newly updated kitchen, baths, flooring, lighting, etc. Private 2 car attached garage.

14715 Bellflower Blvd.

Bellflower 90706

2 Bed | 1 Bath | 805 SF | $655,000


Welcome to your ideal starter home located in the heart of Bellflower! With its proximity to local amenities and welcoming neighborhood, this home is a must-see on your home-buying journey.

8738 Belmont St.

Bellflower 90706

3 Bed | 2 Bath | 1,276 SF | $720,000


An incredible opportunity awaits with this charming 3-bed, 2-bath single family home. Set on a spacious 7,004 sq ft lot, that beckons with endless possibilities for entertaining or even possibly adding an ADU. 

8230 Santa InezBuena Park 90602

4 Bed | 2 Bath | 1,194 SF | $625,000


Beautifully remodeled end unit townhouse in Buena Park! 4 bedrooms, 2 baths with open floor plan, modern kitchen, and private backyard.

3825 Linden Ave. 

Long Beach 90807

3 Bed | 2 Bath | 2,142 SF | $1,350,000


Charming 1933 Spanish Stucco with many original features. This single story home is situated on one of the prettiest streets, walking distance to to both Atlantic Avenue and Long Beach Blvd. 

2512 W Beachy Pl 

Anaheim 92804

3 Bed | 2 Bath | 1,695 SF | $875,000


Embrace the charm of this lovingly maintained single-story home, cherished by the same family for over 50 years. Nestled on an expansive 10,948 sq ft lot, this property beckons with endless possibilities – from adding an ADU, a pool, more living space, or just simply reveling in the serene, park-like ambiance.

2174 Stanbridge Ave

Long Beach 90815

3 Bed | 2 Bath | 1,489 SF | $905,000


Nestled in coveted Los Altos... known for being pet & people friendly with awesome schools, parks, walkability & more! This immaculate & inviting 3 bedroom/2 bath home with its upgraded kitchen, baths, living room as well as spacious family room will go fast!

807 Delaware St

Huntington Beach 92648

4 Bed | 5 Bath | 3,237 SF | $2,605,000


Tesoro Builders has created another extraordinary opportunity to own a brand new, custom designed single-family home in the heart of highly coveted downtown Huntington Beach. The epitome luxury living offers an exceptional beach lifestyle.

5417 Bonfair Ave

Lakewood 90712

4 Bed | 2 Bath | 1,746 SF | $950,000


Welcome to this recently updated 4 bedroom, 2 bath two story home located in the heart of Lakewood.

251 Elm Ave. 

Long Beach 90802

2 Bed+Den | 3.5 Bath | 1,750 SF | $915,000


This exceptional modern townhome at The Huxton built in 2018 boasts 2 bedrooms, a den/great room, and 4 baths spanning 1,750 square feet. The large rooftop deck off the top-floor den/great room provides an exceptional indoor/outdoor living experience.

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Tim Majka

(562) 900-9430


DRE #01399855