📉 Mortgage Rates Hit 11-Month Low as Housing Market Faces Shifts
After months of volatility, homebuyers finally got some good news: mortgage rates just dropped to their lowest level in nearly a year. The average 30-year fixed rate slipped to 6.35%, down from 6.5% last week, according to Freddie Mac. The move reflects easing Treasury yields ahead of a widely expected Federal Reserve rate cut. For buyers who’ve been sitting on the sidelines, lower borrowing costs could create new opportunities heading into the fall market—even as job growth cools and affordability challenges remain front and center.
Jobs Report Adds Pressure on the Fed
The U.S. economy added just 22,000 jobs in August, well below forecasts, while unemployment edged up to 4.3%, its highest level since late 2021. Hiring has slowed across most sectors, and economists now expect the Fed to cut rates not just in September but possibly again before year-end. For buyers with stable jobs, this trend could bring further relief on mortgage rates in the months ahead.
California Market Cools Further
California’s housing market has become the least competitive since 2008. Only 42.6% of sales involved multiple offers, and just 27.9% of homes sold above asking—the lowest since 2019. First-time buyers are struggling the most, with their market share falling to 32.1%, a six-year low, as rising monthly payments (now averaging $3,822) keep many priced out. Still, with borrowing costs easing, the stage is set for renewed demand later this year.
Construction Shows a Glimmer of Life
Residential construction saw a small rebound in July after six straight months of decline, though activity remains well below last year’s levels. Builders continue to face uncertainty, but if rates keep dropping and demand revives, more projects could be restarted in 2026.
Bottom Line:
Mortgage rates are easing, the labor market is softening, and competition in California has cooled dramatically.
For Buyers: This environment may present fresh opportunities.
For Sellers: pricing strategically has never been more important.
👉 If you’re curious how these market shifts impact your buying or selling plans, reach out today—I’d be happy to walk you through your options.
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4340 Pixie Ave.
Lakewood, CA 90712
5 Bed | 3 Bath | 2,459 SF | $1,249,900
Beautifully updated 5-bedroom, 3-bath home on a tree lined street in the sought-after Lakewood Mutuals neighborhood! Step inside to find new modern flooring, fresh interior and exterior paint, smooth ceilings, and custom wood shutters that add timeless charm. The open layout features a welcoming living room, a large dining area, and a bright kitchen with white cabinetry, new quartz countertops, and stainless steel appliances. The main level includes three bedrooms and two full baths, including a spacious primary suite with three closets (one walk-in) and a spa-like bath with dual sinks, walk-in shower, and jetted tub. Upstairs, two additional bedrooms and a full bath with walk-in shower provide flexible living space. The backyard is a private oasis with pavers that match seamlessly with the driveway making an expansive area that is perfect for entertaining day or night with ambient lighting, turf play area, or relaxing in the swim spa under the stars. Additional features include central heat and A/C, indoor laundry, and parking for up to 6 cars with a detached 2-car garage and long driveway. Close to Lakewood Country Club, Bixby Knolls, and Long Beach Exchange (LBX), this home offers both tranquility and prime access to shopping, dining, and entertainment.
OPEN HOUSE
Saturday (9/13) 1:00 - 4:00 pm
Sunday (9/14) 1:00 - 4:00 pm
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133 The Promenade N #319
Long Beach, CA 90802
1 Bed | 1 Bath | 910 SF | $524,999
Modern loft style living in the heart of downtown Long Beach!
This wonderfully oversized one bedroom open concept loft style condo in a premium building located at the vibrant center of downtown Long Beach is ready to be yours! Walk to the wonderful shops and restaurants all around the area. Hop onto the light rail and travel all over Los Angeles / Hollywood / LAX and will soon go even as far as Pomona! With the waterfront just minutes away and walk/bike pathway all the way to Belmont Shores, the access possibilities are endless. This loft style condo features an open concept kitchen overlooking the living room and balcony that has the feel of airiness matching the 10 feet high ceiling throughout. Wood flooring with sliding frosted panels featured for the bedroom.
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6600 Warner Ave. #144
Huntington Beach, CA 92647
1 Bed | 1 Bath | 754 SF | $473,988
Turnkey Coastal Living in Huntington Beach!
This bright and private ground-floor corner unit features 2 deeded parking spaces, 1 bedroom, and 1 updated bath; the one uncovered parking spot and one carport are a rare find! Enjoy a spacious living area with views and access to an extra-large private patio and garden, allowing you to appreciate the coastal weather Huntington Beach has to offer. This bedroom unit is unique in this complex with its added walk-in closet, designed by California Closets to maximize storage. The remodeled kitchen boasts granite countertops, soft-close Shaker cabinets, built in microwave, dishwasher, updated lighting and laminate flooring. Upgrades continue in the bathroom with quartz counters, modern vanity, laminate flooring and updated lighting. Milgard dual-pane windows, an oversized slider, and ceiling fans add year-round comfort. Resort-style amenities include gated entry, pool, spa, fitness center, clubhouse, billiards/game room, BBQs, and lush greenbelts. Prime location near schools, restaurants, shops, Central Park, Central Library, the Equestrian Center, Senior Center, Sports Complex, Bella Terra, Bolsa Chica wetlands; and of course, is just minutes to Bolsa Chica, Sunset, and Huntington State Beaches!
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9451 Harcourt Circle
Huntington Beach 92646
3 Bed | 2 Bath | 1,494 SF | $5,500
Coastal Living with a Pool – Just Minutes from the Beach! Beautifully updated 3-bedroom, 2-bath single-story home located on a quiet cul-de-sac in the desirable Century Shores neighborhood of Huntington Beach. Step inside to an open floor plan with vaulted ceilings, recessed lighting, a cozy fireplace, new modern flooring, smooth ceilings, and fresh paint throughout. The updated kitchen features granite counters, stainless steel appliances, and contemporary cabinetry, perfect for any home chef. Versatile bonus room that can be used as a family room, large great room, office, etc. Enjoy relaxing or entertaining by your sparkling pool. Large back yard and side yard areas are great for gardening. Energy-efficient solar panels help keep electricity costs low, and parking is never an issue with an attached 2-car garage plus a wide driveway that accommodates three more cars. Central heat and AC. This home offers the ideal combination of comfort, convenience, and location—close to shopping, dining, entertainment, parks, and top-rated schools. Best of all, you’re just a quick bike ride from the beach, Downtown Huntington Beach, and Pacific City!
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939 E Appletong St #8
Long Beach 90802
2 Bed | 2 Bath | 900 SF | $2,500
Discover this delightful top floor condo in the heart of Alamitos Beach. Just steps from the beach, East Village, Retro Row, and Shoreline Village, this two-bedroom, two-bathroom gem offers a cozy and inviting living space. Featuring spacious bedrooms with ample closet space, large windows, and retro bathroom tiling, this condo provides comfort and character. The kitchen boasts tile floors and counters, a refrigerator, dishwasher, range, oven, and plenty of storage. The living room opens to a private balcony overlooking the courtyard, while a one-car garage with storage and community laundry facilities add convenience. Enjoy the vibrant local scene with great restaurants, cafes, entertainment, and parks nearby.
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218 W 9th St.
Long Beach, CA 90813
1 Bed | 1 Bath | 990 SF | $380,000
Welcome to your new home in the heart of Downtown Long Beach!
This stunning home offers the perfect blend of historic charm and modern convenience. As you step inside, you'll be welcomed by a private staircase that leads to your tranquil retreat. The main living area boasts original hardwood floors that beautifully accentuate the dining and living rooms. You'll find built-in storage space lining the walls of the dining room, perfect for keeping your space organized and clutter-free. Adjacent to the living room is a cozy bonus room, offering endless possibilities. Situated just 9 blocks from the beach, this home is ideally located close to major freeways, a variety of restaurants, and shopping destinations. Don't miss the chance to make this versatile and charming unit your own!
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6859 E Monaco Pkwy.
Orange, CA 92867
4 Bed | 3 Bath | 2,190 SF | $1,189,000
Charming Tri-Level Home in Desirable Serrano Heights!
Nestled near a quiet cul-de-sac in the sought-after Serrano Heights community, this 4-bedroom, 3-bathroom tri-level home offers comfort, space, and style. The welcoming front porch opens to a light-filled interior with large windows, a mix of tile and carpet flooring, ceiling fans, and an open-concept kitchen featuring stainless steel appliances, updated cabinetry, a pantry, and island—perfect for entertaining. The spacious primary suite boasts dual closets, a soaking tub, separate shower, and double sinks. Enjoy peaceful views from your private balcony overlooking the beautifully landscaped backyard with mature trees and plenty of room to create your ideal outdoor oasis. Additional highlights include an indoor laundry room, direct-access two-car garage, and proximity to top schools, shopping, dining, and scenic trails at Santiago Oaks Regional Park.
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800 Pacific Ave. #301
Long Beach, CA 90813
1 Bed | 1 Bath | 702 SF | $305,000
Charming Downtown Condo Just One Block from Pine Ave!
Enjoy the best of downtown living in this beautifully maintained and updated 1-bedroom condo, ideally located just one block from vibrant Pine Avenue. Situated on the third floor, this bright and breezy unit boasts west-facing views, abundant natural light, and refreshing ocean breezes—all while offering peace and privacy with no shared walls in the living room or bedroom. The spacious bedroom features 1920s French doors, walk in closet, and a ceiling fan for added comfort. The generously sized kitchen includes a stainless steel refrigerator and stove, white cabinetry, and a cozy dining area. High ceilings, fresh paint, updated dual pane windows in the living room, and updated flooring throughout add modern comfort to the home’s vintage charm. You'll appreciate the ample storage, with three closets (one large enough for a home office), plus a large assigned basement storage room, and a shared bike locker. The pet-friendly building includes community laundry, and monthly permit parking is available nearby. For buyers looking for an urban loft feel, some of the walls can be opened to reveal exposed brick walls (like the unit above it that recently sold for $400k!). Seller is willing to credit Buyer up to 3% towards Buyer Concessions. Seller is open to selling it fully furnished. Great opportunity for an investor too - Condo was previously rented for $2100 before as a fully furnished monthly rental.
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179 Santa Ana Ave.
Long Beach, CA 90803
3 Bed | 3 Bath | 3308 SF | $1,937,000
Modern Coastal Luxury in the Heart of Belmont Shore!
Prepare to be impressed by this stunning 3-bedroom, 3-bath, four-story contemporary home offering over 3,300 sq ft of sleek, modern living. Located just steps from the best of Belmont Shore, this light-filled residence features an open-concept living area with hardwood floors, a gourmet kitchen with quartz island and stainless steel appliances, and multiple balconies to enjoy the ocean breeze. The luxurious primary suite boasts a double-sided fireplace, spa-like bath with soaking tub, and a custom walk-in closet. Additional highlights include a ground-level entertaining space with bar, private loft, laundry room, solar panels, and a two-car garage with extra parking. Thoughtfully designed for comfort, style, and coastal living, this is a rare opportunity you don’t want to miss!
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3445 S Pacific Ave.
San Pedro, CA 90731
3 Units | 6 Beds | 3 Baths | 2,742 SF | $1,100,000
Prime Triplex Just 2 Blocks from Cabrillo Beach – Ideal for Investors or Owner-Occupants!
Located the desirable Point Fermin are of San Pedro, this well maintained triplex is just steps from Cabrillo Beach and offers an incredible opportunity for investors or owner-users. Each of the three 2-bed, 1-bath units includes in-unit laundry hookups, dual-pane windows, and two parking spaces (garage + driveway). The front unit features a spacious patio with peek-a-boo ocean views, while the top-floor owner’s unit is move-in ready with updated kitchen and bath, laminate flooring, and crown molding. The large shared backyard is perfect for entertaining. Two units are tenant-occupied at below-market rents, with the top rear unit ready for occupancy. Projected gross income is $73,476/year with pro forma potential of $96,000/year. Subject to LA City Rent Control. Enjoy close proximity to beachside amenities, dining, and recreation in this sought-after coastal location!
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1535 E Ocean Blvd #3
Long Beach, CA 90802
2 Bed | 1.5 Bath | 943 SF | $575,000
Beautiful Top-Floor Corner Condo with Peek-a-Boo Ocean View!
Enjoy beachside living in this beautiful 2-bedroom, 1.5-bath condo offering views of Ocean Blvd from its prime top-floor corner location. Just steps from the sand with easy beach access, this home features a spacious living room with gorgeous wood floors and recessed lighting, while the updated kitchen offers granite countertops, white cabinetry, and stainless steel appliances. Located right across the street from the beach with beach access. Rare private garage with remote. Conveniently located close to all of the great restaurants, cafes, and entertainment in downtown Long Beach and Belmont Shore. Don’t miss this chance to live just moments from the beach, bike paths, and ocean breezes!
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1811 Tevis Ave.
Long Beach 90815
5 Bed | 2 Bath | 2018 SF | $1,420,000
Stunning Remodeled 5-Bedroom Home in Highly Desirable Los Altos! This beautifully remodeled home is nestled on a picturesque tree-lined street in one of Los Altos’ most sought-after neighborhoods. Designed for modern living and entertaining, the open floor plan features hardwood floors, beamed ceilings, and custom paint throughout. The gourmet kitchen boasts sleek white cabinetry, black quartz countertops, a spacious island, and high-end GE Profile stainless steel appliances. Enjoy seamless indoor-outdoor living with a stunning wall of glass-pane doors that open to an entertainer’s patio and a beautifully landscaped backyard. Recent upgrades include a new roof and driveway in 2024, solar system with dual batteries in 2024, and new windows in 2023. Conveniently located near shopping, parks, Trader Joe’s, Cal State Long Beach, and award-winning Minnie Gant Elementary School—this home truly has it all.
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