Weekly Real Estate Update

June 2, 2023

Market Update - Week of 6/2/2023

Beautiful kitchen in luxury modern contemporary home interior with island and chairs

It has been a busy week in economic news, with the approval of the debt ceiling bill and the release of strong jobs numbers. Now that the debt ceiling debate is behind us, mortgage rates have started to decrease. Here are the key highlights from this week:


Strong ...

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May 26, 2023

Market Update - Week of 5/26/2023

Memorial day background on the sandy beach

This week’s economic data continues to suggest the U.S. economy is only gradually losing momentum. Consumers continued to spend, albeit at a slower pace, and industrial and housing activity are seeing some stabilization. Homebuilders’ sentiment pulled out of negative territory for the first time in nearly a year ...

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May 18, 2023

Market Update - Week of 5/19/2023

Luxurious home interior with large sliding doors

We have some exciting news to share about the current state of the housing market:


Home Purchase Sentiment Soars: According to the Fannie Mae Home Purchase Sentiment Index® (HPSI), consumer optimism regarding mortgage rates has increased significantly. In April, the HPSI reached its highest level since May 2022 ...

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May 11, 2023

Market Update - Week of 5/12/2023

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Hope everyone has a great Mother's Day weekend! 


Last week, the Fed enacted its 10th rate hike in its battle against inflation. They hinted that it may be the last but reiterated that much depends on incoming data as uncertainty on the health of the banking system ...

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May 5, 2023

Market Update - Week of 5/5/2023

People jogging and cycling on sunny day at Redondo beach.

Federal Reserve raises rates: The Federal Reserve approved its 10th interest rate increase in just a little over a year and dropped a tentative hint that the current tightening cycle is at an end. The widely expected decision, which takes the fed funds rate to a target range of ...

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April 29, 2023

Market Update - Week of 4/28/2023

A glowing sunrise over Belmont Shore in Long Beach_ California.

Moderately higher interest rates held California home sales essentially flat in March, totaling over 280,000 on a seasonally adjusted annualized rate for the second consecutive month. The competitiveness in the housing market, however, continues to heat up as homes are selling faster and the sales-to-list-price ratio is improving ...

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April 21, 2023

Market Update - Week of 4/21/2023

Seaside views at a harbour in Huntington Beach California with waterfront homes

Economic data released last week showed that the U.S. economy is losing momentum as the lagged effects of monetary policy tightening slow growth as intended. Retail sales and Inflation posted its second-straight monthly decline. However, prices remain elevated for core goods and services which will likely push the ...

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April 13, 2023

Market Update - Week of 4/14/2023

Beautiful houses by the sea in Balboa Island_ California

Data released last week for the U.S. economy shows that the labor market is gradually slowing down. However, while the job count declined from the prior month, the March report was still strong overall. Wages inched up from a year ago at the slowest pace in 20 months ...

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April 7, 2023

Market Update - Week of 4/7/2023

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.

Hope everyone has a happy Easter weekend! 


The economy is still exhibiting resilience despite slower growth in recent weeks. Although consumers’ view on their present situation took a step back, improvement on their outlook continued to edge higher. The strong labor market has much to do with ...

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March 31, 2023

Market Update - Week of 3/31/2023

Buyers start to come off the sidelines.


Modern white kitchen with ocean view

While home sales and employment in California continued to march forward in February, recent banking turmoil has increased uncertainty on many fronts, including the housing market. Despite declines in long-term yields, ongoing pressures in the financial system could cause smaller banks ...

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