Weekly Market Update: Economic Resilience Amid Insurance Challenges and Fed Anticipation

The latest macroeconomic data paints a promising picture, as inflation continues to cool and consumer optimism remains strong. Both consumers and business leaders are feeling cautiously optimistic about the future, with expectations that the Federal Reserve will soon begin lowering rates. However, the housing market faces some hurdles, particularly due to California’s ongoing insurance crisis, which could pose challenges for buyers in the near future.

Consumer Confidence and Business Sentiment Improving: In August, the Consumer Confidence Index rose to 103.3 from 101.9 in July, signaling growing optimism among consumers. Though labor market concerns persist, nearly one-third of consumers expect lower interest rates in the next 12 months, which could lead to a rebound in homebuying. Business leaders, while cautious, also remain hopeful, with 32% of CEOs expecting economic improvement in the next six months.

Insurance Crisis Continues to Challenge Homebuyers: The recent approval for a 34% increase in Allstate homeowner insurance rates is another blow to California homebuyers. Along with hikes from other major insurers, these increases add to the affordability challenges in the state. According to the California Association of Realtors (C.A.R.), 31% of buyers faced difficulties obtaining insurance, with many forced to turn to the California FAIR Plan. The insurance crisis may continue to disrupt the housing market in the coming years, particularly if more rate hikes are approved.

Fed’s Inflation Gauge and Housing Market Outlook: The Fed’s preferred inflation gauge, the personal consumption expenditure (PCE) price index, rose just 0.2% in July, a positive sign that inflation is under control. With a strong likelihood of a rate cut in the upcoming September meeting, mortgage rates could soften in the months ahead. However, bond market reactions caused a slight uptick in the 30-year mortgage rate last week.

What’s Next for the Housing Market? Despite the challenges posed by rising insurance costs and cautious optimism from business leaders, the economic outlook remains stable. The expected rate cuts, combined with cooling inflation, may provide a boost to the housing market. For homebuyers, particularly in California, navigating the insurance crisis will be a key factor in determining market activity for the rest of 2024.

If you have any questions about how these trends could affect your homebuying or selling decisions, feel free to reach out!

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Looking To Move Out Of State? 

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As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

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For Sale

488 E Ocean Blvd #P9

Long Beach 90802

2 Bed | 1.5 Bath | 1447 SF | $799,900

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $689,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

OPEN HOUSE

Saturday 12 pm - 3 pm

Sunday 11 am - 2 pm

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Recently Sold

6713 E Almada St

Long Beach 90815

4 Bed | 3 Bath | 2136 SF | $1,174,900

Welcome to Your Dream Home in Los Altos! This stunning 4-bedroom, 3-bathroom, 2-story home is a rare find in the highly sought-after Los Altos community. Conveniently located near Belmont Shore, this home offers easy freeway access, making commuting a breeze. You'll be close to parks and highly rated schools, perfect for families and outdoor enthusiasts alike. 

6600 Warner Ave #182

Huntington Beach 92647

1 Bed | 1 Bath | 765 SF | $425,900

Highly sought after top floor condo at Villa Warner iin Huntington Beach! This beautiful condo offers plush carpeting, smooth ceilings, recessed lighting, large living room with sunny balcony! Villa Warner is a gated community and offers a large pool, spa, cooking area, weight room, billiards room, Extra storage, close to the Ocean, shopping & restaurants.

1168 E 10th St #224B

Long Beach 90813

2 Bed | 2 Bath | 698 SF | $410,000

Great opportunity to own this nicely updated 2 bedroom, 2 bath, top floor corner condo with views of Signal Hill. Just a short drive to downtown Long Beach and to the beach!

525 E Seaside Way #1508

Long Beach 90802

2 Bed | 2 Bath | 1030 SF | $790,000

Enjoy breathtaking ocean views from the living room, bedrooms and the patio in this modern luxury 2 bed, 2 bath highrise condo. Short distance to the beach, harbor, Shoreline Village, Terrace Theater, restaurants, nightlife, and so much more!

3022 Bostonian Dr.

Rossmoor 90720

4 Bed | 3 Bath | 2,612 SF | $1,700,000

Welcome Home - Updated Kempton model home featuring 4 bed, 3 baths in Rossmoor. Located within a short distance to parks and shopping. Just a short drive to the Seal Beach pier. Great schools in the award winning Los Alamitos school district.

700 E Ocean Blvd #607

Long Beach 90802

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

Amazing ocean views in this beautifully remodeled open floor plan condo at the iconic 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. 

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $1,020,000

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!

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Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

California Housing Market Sees Encouraging Rebound in July

The California housing market showed solid signs of recovery in July, as home sales surged and housing inventory grew compared to last year. Although the rebound isn’t a V-shaped recovery, the recent uptick is promising and could set a positive tone for the second half of the year. With the Federal Reserve hinting at a potential rate cut in September, and more cuts likely on the horizon, mortgage rates are expected to ease gradually over the next few quarters. As the economy continues to slow at a measured pace, we can anticipate further improvements in the housing market in the coming months.

Housing Market Starts the Second Half of 2024 on a Positive Note

July marked a turnaround for the housing market, thanks to moderating mortgage rates that began declining in June. California home sales increased by 3.6% from June and were up 4.1% compared to July 2023. The state saw its highest sales figures since February, and with mortgage rates continuing to decline, further increases in sales could follow. While the median home price dipped below $900,000 for the first time in four months, it still posted a year-over-year growth of 6.5%. As we move into the off-season, we may see home prices soften further. Additionally, new active listings have been on the rise, with 41 counties across California reporting more for-sale properties than last year. If mortgage rates continue to soften, we should see sustained growth in housing supply throughout the third and fourth quarters.

New Home Sales Reach 14-Month High

July saw a significant jump in the sale of newly constructed single-family homes across the U.S., reaching the highest level since May 2023. According to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development, new home sales surged by 10.6% from June, marking the sharpest monthly gain since August 2022. Sales reached 739,000 units, well above the expected 625,000 units. Year-over-year, new home sales increased by 5.6%, with a 2.6% rise on a year-to-date basis compared to the first seven months of 2023. On the supply side, the inventory of new homes dipped to its lowest level in six months, with available units dropping 1.1% from June but showing an 8.2% increase compared to July 2023. With mortgage rates at their lowest since May 2023 and a potential Fed rate cut on the horizon, both new and resale home markets could see continued recovery in the coming months.

Housing Affordability Drops to Lowest Level Since 2007

California’s housing affordability index fell to its lowest point in nearly 17 years during the second quarter of 2024. The statewide index for existing single-family homes dropped 3 points from the first quarter to 14%, marking a 2 percentage point decline from a year ago. High home prices and elevated mortgage rates have continued to drive up borrowing costs, pushing affordability to its lowest level since 2007. The monthly mortgage payment for a median-priced home hit a record high in the second quarter, surging by 13.6% both quarter-over-quarter and year-over-year. However, mortgage rates have begun to moderate since July and could decrease further if inflation continues to ease, potentially improving affordability in the months ahead.

Feel free to reach out with any questions or for personalized advice. Your success in real estate is my top priority.

Hope you have a great Labor Day weekend!

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Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

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For Sale

488 E Ocean Blvd #P9

Long Beach 90802

2 Bed | 1.5 Bath | 1447 SF | $799,900

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $689,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

OPEN HOUSE

Saturday 12 pm - 3 pm

Sunday 12 pm - 3 pm

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Recently Sold

6713 E Almada St

Long Beach 90815

4 Bed | 3 Bath | 2136 SF | $1,174,900

Welcome to Your Dream Home in Los Altos! This stunning 4-bedroom, 3-bathroom, 2-story home is a rare find in the highly sought-after Los Altos community. Conveniently located near Belmont Shore, this home offers easy freeway access, making commuting a breeze. You'll be close to parks and highly rated schools, perfect for families and outdoor enthusiasts alike. 

6600 Warner Ave #182

Huntington Beach 92647

1 Bed | 1 Bath | 765 SF | $425,900

Highly sought after top floor condo at Villa Warner iin Huntington Beach! This beautiful condo offers plush carpeting, smooth ceilings, recessed lighting, large living room with sunny balcony! Villa Warner is a gated community and offers a large pool, spa, cooking area, weight room, billiards room, Extra storage, close to the Ocean, shopping & restaurants.

1168 E 10th St #224B

Long Beach 90813

2 Bed | 2 Bath | 698 SF | $410,000

Great opportunity to own this nicely updated 2 bedroom, 2 bath, top floor corner condo with views of Signal Hill. Just a short drive to downtown Long Beach and to the beach!

525 E Seaside Way #1508

Long Beach 90802

2 Bed | 2 Bath | 1030 SF | $790,000

Enjoy breathtaking ocean views from the living room, bedrooms and the patio in this modern luxury 2 bed, 2 bath highrise condo. Short distance to the beach, harbor, Shoreline Village, Terrace Theater, restaurants, nightlife, and so much more!

3022 Bostonian Dr.

Rossmoor 90720

4 Bed | 3 Bath | 2,612 SF | $1,700,000

Welcome Home - Updated Kempton model home featuring 4 bed, 3 baths in Rossmoor. Located within a short distance to parks and shopping. Just a short drive to the Seal Beach pier. Great schools in the award winning Los Alamitos school district.

700 E Ocean Blvd #607

Long Beach 90802

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

Amazing ocean views in this beautifully remodeled open floor plan condo at the iconic 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. 

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $1,020,000

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!

SEARCH HOMES FOR SALE

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WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Weekly Market Update: Mortgage Rates Continue to Slide as Buyer Demand Shows Signs of Life

As inflation continues to ease, mortgage rates are continuing to slide, creating a more favorable environment for homebuyers. In July, inflation slowed further, fueling optimism that the Federal Reserve might lower interest rates in September. Mortgage rates, meanwhile, fell further and remain below 6.5% for the second consecutive week, which is encouraging potential buyers to re-enter the market.

Inflation Progresses Toward Fed's Target:

For the second month in a row, headline inflation remained below 3% year-over-year, with July showing a slight decrease from June. This trend supports hopes for a rate cut by the Federal Reserve. Core inflation, excluding volatile items, also continued its decline. However, persistent high prices in the service sector, wages, and housing costs have slowed the Fed's progress in controlling inflation. While headline inflation may approach 2.5% by the end of the year, the decline is expected to be gradual.

Mortgage Rates Ease to 15 Month Low :

The latest Freddie Mac data shows that 30-year fixed-rate mortgage rates dropped to 6.46% this week from 6.49% last week. Rates have now remained under 7% for 11 weeks, with the bond market indicating no immediate reversal in this trend. The 10-year Treasury yield remains below 4%, and the yield curve is less inverted, signaling optimism for a potential rate cut in September and a soft landing for the economy. The average rate is now the lowest it's been since mid-May last year, when it was 6.39%.

Buyer Demand Rising Despite Seasonal Slowdown:

California typically experiences a seasonal slowdown in home sales as summer ends, but this year, buyer demand is showing resilience. While mortgage applications have dipped, the decline last week was the smallest this year, and pending sales in July reacted positively to the lower rates. This trend suggests that August could see a strong home sales report, even as the market follows its usual seasonal pattern.

Potential for a Strong Winter Housing Market:

Several factors could lead to an unusually strong housing market in California this winter. The recent job market data points to a weaker economy, which may prompt the Fed to lower rates further. Additionally, the upcoming presidential election might cause a temporary slowdown in the fall, with a potential post-election bounce in the winter. If inflation continues to improve and labor market weakness spreads, California could see a robust housing market during the holiday season.

Feel free to reach out with any questions or for personalized advice. Your success in real estate is my top priority.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

For Sale

488 E Ocean Blvd #P9

Long Beach 90802

2 Bed | 1.5 Bath | 1447 SF | $799,900

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $689,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

OPEN HOUSE

Saturday 1pm - 4pm

Sunday 1pm - 4pm

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Recently Sold

6713 E Almada St

Long Beach 90815

4 Bed | 3 Bath | 2136 SF | $1,174,900

Welcome to Your Dream Home in Los Altos! This stunning 4-bedroom, 3-bathroom, 2-story home is a rare find in the highly sought-after Los Altos community. Conveniently located near Belmont Shore, this home offers easy freeway access, making commuting a breeze. You'll be close to parks and highly rated schools, perfect for families and outdoor enthusiasts alike. 

6600 Warner Ave #182

Huntington Beach 92647

1 Bed | 1 Bath | 765 SF | $425,900

Highly sought after top floor condo at Villa Warner iin Huntington Beach! This beautiful condo offers plush carpeting, smooth ceilings, recessed lighting, large living room with sunny balcony! Villa Warner is a gated community and offers a large pool, spa, cooking area, weight room, billiards room, Extra storage, close to the Ocean, shopping & restaurants.

1168 E 10th St #224B

Long Beach 90813

2 Bed | 2 Bath | 698 SF | $410,000

Great opportunity to own this nicely updated 2 bedroom, 2 bath, top floor corner condo with views of Signal Hill. Just a short drive to downtown Long Beach and to the beach!

525 E Seaside Way #1508

Long Beach 90802

2 Bed | 2 Bath | 1030 SF | $790,000

Enjoy breathtaking ocean views from the living room, bedrooms and the patio in this modern luxury 2 bed, 2 bath highrise condo. Short distance to the beach, harbor, Shoreline Village, Terrace Theater, restaurants, nightlife, and so much more!

3022 Bostonian Dr.

Rossmoor 90720

4 Bed | 3 Bath | 2,612 SF | $1,700,000

Welcome Home - Updated Kempton model home featuring 4 bed, 3 baths in Rossmoor. Located within a short distance to parks and shopping. Just a short drive to the Seal Beach pier. Great schools in the award winning Los Alamitos school district.

700 E Ocean Blvd #607

Long Beach 90802

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

Amazing ocean views in this beautifully remodeled open floor plan condo at the iconic 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. 

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $1,020,000

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!

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Cooling Job Market and Plunging Mortgage Rates Signal a Shift

As summer heats up and the excitement of the Olympics takes center stage, significant developments are also unfolding in the financial world. The Federal Reserve is gearing up for its first rate cut in over four years, potentially as soon as the September FOMC meeting, spurred by a faster-than-expected cooling of the labor market. While the economy is likely to slow further in the coming months, experts agree that a full-blown recession is not on the horizon. However, the recent sharp drop in mortgage rates could provide a much-needed boost to home sales in the third and fourth quarters of this year.

Job Growth Slows Sharply as Unemployment Hits Highest Level Since 2021

July saw a significant slowdown in job growth, raising concerns about the U.S. economy's resilience. Nonfarm payrolls increased by just 114,000 jobs, a steep decline from June's revised gain of 179,000 and well below the expected 185,000. The bulk of the job growth occurred in healthcare (+55,000), leisure and hospitality (+23,000), and government (+17,000). However, several sectors, including information, financial services, and professional and business services, showed signs of cooling. The unemployment rate rose to 4.3%, the highest since October 2021, and wage growth also slowed, with average hourly earnings up just 0.2% month-over-month and 3.6% year-over-year. This slowdown has reignited fears of a recession and led to the most significant market sell-off of the year on Wall Street.

Federal Reserve Holds Rates Steady, but Market Turmoil Could Accelerate Cuts

In its July FOMC meeting, the Federal Reserve decided to keep interest rates unchanged but hinted that a rate cut could be imminent. Fed Chair Jerome Powell noted that progress on inflation has been made, and there is increasing confidence within the committee that a rate cut could occur as early as September. However, with global markets in turmoil and recession fears escalating, there is a possibility that the Fed might opt for an emergency rate cut before the next scheduled meeting.

Mortgage Rates Plunge to 15-Month Low

In response to last week’s disappointing jobs report and growing speculation about an imminent Fed rate cut, mortgage rates have dropped to their lowest level in over a year. The weaker-than-expected job growth in July has raised concerns that the economic slowdown could become more widespread, potentially leading to a hard landing. Global stock markets reacted strongly, with investors flocking to safe-haven bonds, pushing the 10-year Treasury yield down nearly 40 basis points to its lowest point since June 2023. As a result, the average 30-year fixed-rate mortgage fell to 6.52% as of August 8, the lowest level in nearly 16 months. While rates may stabilize or even inch up slightly in the short term, as new data shows that the U.S. service sector grew faster than expected in July, the overall trend points to lower borrowing costs, which could help revitalize home sales in the coming months.

Stay updated with the latest market trends and insights to make informed decisions in your real estate journey. Feel free to reach out with any questions or for personalized advice. Your success in real estate is our top priority.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Just Listed

488 E Ocean Blvd #P9

Long Beach 90802

2 Bed | 1.5 Bath | 1447 SF | $799,900

Experience Luxury Living with Breathtaking Panoramic Views in this Rare Two-Story Penthouse! AMAZING VIEWS!! Discover unparalleled luxury in this stunning 18th & 19th-floor penthouse in the prestigious Aqua high-rise building in downtown Long Beach. 

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $689,900

Enjoy the ocean breeze in this beautiful condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, and nightlife.

OPEN HOUSE

Friday 3pm - 6pm

Saturday 1pm - 4pm

Sunday 1pm - 4pm

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Recently Sold

6600 Warner Ave #182

Huntington Beach 92647

1 Bed | 1 Bath | 765 SF | $425,900

Highly sought after top floor condo at Villa Warner iin Huntington Beach! This beautiful condo offers plush carpeting, smooth ceilings, recessed lighting, large living room with sunny balcony! Villa Warner is a gated community and offers a large pool, spa, cooking area, weight room, billiards room, Extra storage, close to the Ocean, shopping & restaurants.

1168 E 10th St #224B

Long Beach 90813

2 Bed | 2 Bath | 698 SF | $410,000

Great opportunity to own this nicely updated 2 bedroom, 2 bath, top floor corner condo with views of Signal Hill. Just a short drive to downtown Long Beach and to the beach!

525 E Seaside Way #1508

Long Beach 90802

2 Bed | 2 Bath | 1030 SF | $790,000

Enjoy breathtaking ocean views from the living room, bedrooms and the patio in this modern luxury 2 bed, 2 bath highrise condo. Short distance to the beach, harbor, Shoreline Village, Terrace Theater, restaurants, nightlife, and so much more!

3022 Bostonian Dr.

Rossmoor 90720

4 Bed | 3 Bath | 2,612 SF | $1,700,000

Welcome Home - Updated Kempton model home featuring 4 bed, 3 baths in Rossmoor. Located within a short distance to parks and shopping. Just a short drive to the Seal Beach pier. Great schools in the award winning Los Alamitos school district.

700 E Ocean Blvd #607

Long Beach 90802

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

Amazing ocean views in this beautifully remodeled open floor plan condo at the iconic 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. 

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $1,020,000

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!

SEARCH HOMES FOR SALE

SCHEDULE AN APPOINTMENT

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

California Real Estate Market Update: Mortgage Rates Drop and Supply Increases

Mortgage Rates Show Significant Improvement

The latest macroeconomic data has provided a boost to California’s housing market, which continues to recover from last year’s surge in interest rates. While home sales saw a modest decline in June due to rate fluctuations in April and May, recent trends suggest a positive shift. Pending sales indicate that the recent drop in mortgage rates has started to rekindle buyer interest. Fortunately, this rate reduction is happening alongside an increase in housing supply, driven by more resale inventory and a rebound in new construction. After last week’s favorable inflation report, both homebuyers and homebuilders are slowly regaining their confidence.

Interest Rates Continue Downward Trend

Interest rates have been steadily improving, with the Federal Reserve set to meet at the end of July. Although most predictions point to the first rate cut happening in September 2024 rather than the upcoming meeting, there are positive signs. Treasury rates have improved as inflation dipped below 3% year-over-year in June for the first time since the pandemic-driven price increases began. Both the 10-year and 2-year bonds hit their lowest levels since February, suggesting increased optimism in the bond market about the Fed achieving a ‘soft landing.’ Interest rates are expected to continue their downward trend, even if the Fed holds off on immediate cuts in July, though ongoing volatility remains likely.

Home Sales Slip in June but Potential for July Rebound

California home sales dipped slightly in June due to volatile interest rates at the end of Q2. Sales of existing single-family homes at the state level decreased to 270,200, a 0.8% decline from May and a 2.7% drop from June 2023. Year-to-date sales have also fallen behind last year’s levels by 0.5%. Despite the rate fluctuations in June, recent data shows an 8% year-over-year increase in average pending sales per transaction day, indicating a potential improvement in the coming weeks. With inflation easing but still above the Fed’s target, the central bank is expected to cut rates later this year, though at a more moderate pace. This should gradually boost home sales in the second half of the year.

Housing Supply on the Rise

California’s unsold inventory index (UII) increased in June from both the previous month and June last year, with active listings up 36% year-over-year. Newly listed properties have increased for the sixth consecutive month, showing solid growth. Average new active listings per business day continued to rise by double digits for the fourth straight month since February. With economic reports suggesting sustainable inflation cooling, mortgage rates could moderate further, leading to more improvements in housing supply before the end of the home buying season.

Stay tuned for more updates, and feel free to reach out with any questions or for personalized advice on the current market conditions. Your success in real estate is our top priority.

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

CONTACT ME

WHAT'S MY HOME WORTH?

Coming Soon

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $689,900

Enjoy the ocean breeze in this beautiful 2 bedroom 2 bath condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, nightlife, pubs, bakeries, and more.

In Escrow

1168 E 10th St #224B

Long Beach 90813

2 Bed | 2 Bath | 698 SF | $399,900

Great opportunity to own this nicely updated 2 bedroom, 2 bath, top floor corner condo with views of Signal Hill. Just a short drive to downtown Long Beach and to the beach!

525 E Seaside Way #1508

Long Beach 90802

2 Bed | 2 Bath | 1030 SF | $790,000

Enjoy breathtaking ocean views from the living room, bedrooms and the patio in this modern luxury 2 bed, 2 bath highrise condo. Short distance to the beach, harbor, Shoreline Village, Terrace Theater, restaurants, nightlife, and so much more!

3022 Bostonian Dr.

Rossmoor 90720

4 Bed | 3 Bath | 2,612 SF | $1,700,000

Welcome Home - Updated Kempton model home featuring 4 bed, 3 baths in Rossmoor. Located within a short distance to parks and shopping. Just a short drive to the Seal Beach pier. Great schools in the award winning Los Alamitos school district.

6544 Cerritos Ave.

Long Beach 90805

2 Bed | 1 Bath | 1,198 SF | $670,000

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.

700 E Ocean Blvd #607

Long Beach 90802

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

Amazing ocean views in this beautifully remodeled open floor plan condo at the iconic 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. 

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $1,020,000

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!

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.

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, and just a short distance 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.

SEARCH HOMES FOR SALE

CONTACT ME

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

The California real estate market is starting to see a notable increase in available listings, marking the fourth consecutive month of year-over-year growth and the largest rise in 15 months. The statewide unsold inventory index (UII) held steady from the previous month for the third straight period, reflecting an overall improvement from a year ago. New listings surged for the fifth month in a row, as more homeowners opted to sell their properties. Concurrently, promising economic indicators suggest that inflation may be cooling sustainably, which could lead to moderated mortgage rates in the coming months. Should interest rates decline, we may see further enhancements in housing supply across California before the end of the home buying season.

More listings available on the market: The statewide unsold inventory index (UII) in May remained unchanged from the prior month for the third consecutive period but improved solidly from a year ago. Active listings at the state level rose on a year-over year basis for the fourth straight month and the increase was the largest in 15 months. Newly listed for-sale properties also increased from a year ago for the fifth consecutive month by double digits as more homeowners put their house up on the market. With recent economic reports showing some promising signs that inflation could be cooling in a more sustainable fashion for the rest of the year, mortgage rates may moderate in coming months as the daily fluctuations in yields continue. If interest rates indeed decline in the short term, further improvement in housing supply could be observed in California before the end of the home buying season. 

Housing starts fall sharply as mortgage rates remain volatile: The U.S. Census Bureau reported a seasonally adjusted annual rate of 1.28 million units of housing starts in May, a drop of 5.5% from April and a sharp decline of 19.3% from May 2023. Last month’s decline in construction activity was due primarily to a sizable decrease in new multifamily development, as multifamily starts fell 10.3% from the prior month and plummeted 51.7% from 12 months ago. Single-family starts also declined both on a month-over-month and on a year-over-year basis, but at more moderate paces of -5.2% and -1.7% respectively. The slight yearly adjustment, despite being relatively small, was nonetheless the first dip in single-family housing starts since June 2023. 

California median home price sets another record-high: California home prices climbed further in May, with the statewide median up 0.4% from April and recorded a strong year-over-year gain of 8.7% from the same month of last year. The median price of $908,040 recorded last month was a new high for the state, and the solid increase from last May was the eleventh straight month of annual price gain for California. Stronger sales in higher-priced properties continued to contribute to median price growth, with million-dollar home sales rising more rapidly than their more affordable counterparts in the state. Based on historical data going back to 1979, California median price typically increases 0.9% from May to June, 0.4% from June to July, and 1.2% from July to August. As such, the statewide median price could potentially set more new records before the summer ends.

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.

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

CONTACT ME

WHAT'S MY HOME WORTH?

For Sale

1168 E 10th St #224B

Long Beach 90813

2 Bed | 2 Bath | 698 SF | $399,900

Great opportunity to own this nicely updated 2 bedroom, 2 bath, top floor corner condo with views of Signal Hill. Just a short drive to downtown Long Beach and to the beach!

Coming Soon

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $679,900

Enjoy the ocean breeze in this beautiful 2 bedroom 2 bath condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, nightlife, pubs, bakeries, and more.

525 E Seaside Way #1508

Long Beach 90802

2 Bed | 2 Bath | 1030 SF | $790,000

Enjoy breathtaking ocean views from the living room, bedrooms and the patio in this modern luxury 2 bed, 2 bath highrise condo. Short distance to the beach, harbor, Shoreline Village, Terrace Theater, restaurants, nightlife, and so much more!

3022 Bostonian Dr.

Rossmoor 90720

4 Bed | 3 Bath | 2,612 SF | $1,700,000

Welcome Home - Updated Kempton model home featuring 4 bed, 3 baths in Rossmoor. Located within a short distance to parks and shopping. Just a short drive to the Seal Beach pier. Great schools in the award winning Los Alamitos school district.

6544 Cerritos Ave.

Long Beach 90805

2 Bed | 1 Bath | 1,198 SF | $670,000

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.

700 E Ocean Blvd #607

Long Beach 90802

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

Amazing ocean views in this beautifully remodeled open floor plan condo at the iconic 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. 

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $1,020,000

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!

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.

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, and just a short distance 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.

SEARCH HOMES FOR SALE

CONTACT ME

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

With recent economic reports showing some promising signs that inflation could be cooling in a more sustainable fashion for the rest of the year, mortgage rates may moderate in coming months as the daily fluctuations in yields continue. Meanwhile, even though the Federal Reserve decided to hold rates steady in their latest meeting, the central bank is still expected to cut rates later this year but at a more moderate pace than previously anticipated. As such, home sales are projected to improve in the second half of the year, but the growth rate will be slower than what was projected earlier this year.

Federal Reserve takes its time and holds rates steady: The Federal Reserve kept its policy rate target range steady at 5.25% to 5.50% after its June meeting, as the central bank continued to wait for more evidence to suggest that inflation is moving sustainably down. While most participants at the meeting continued to project some reduction in the fed funds rate later this year, the outlook for rate cuts released in the latest Fed’s meeting was revised to just one in 2024. No participants at the meeting expected the fed funds rate to be raised before the end of the year and they projected a cut of 100 basis points in 2025. Fed chair Jerome Powell acknowledged that the restrictive monetary policy’s stance that the central bank takes is slowing inflation, but the Federal Reserve does not have the confidence to cut rates yet.  

Inflation eases more than expected in May: Inflation came in softer than expected in May as consumer price increases cooled during the month, with the May headline Consumer Price Index (CPI) remaining flat month-over-month and registering an increase of 3.3% year-over-year. Both measures came in lower than expected and the monthly increase was the lowest reading since July 2022. Falling energy prices and the modest increase in food prices both contributed to the slower-than-expected growth rate in the headline CPI. The Core CPI – inflation excluding food and energy – also surprised on the downside with prices in May climbing 0.2% month-over-month, the lowest level since June 2023. The latest inflation data is encouraging and suggests that the underlying price trend is indeed slowing. The Fed, however, will need to see at least two or three more reports like this one to feel confident enough to start cutting rates.   

Homeowner equity rises nearly double digits from a year ago: Homeowner equity jumped again on an annual basis in Q1 2024 as home prices continued to rise in the past 12 months, according to the latest CoreLogic Homeowner Equity Insights report. Homeowners with mortgages in the U.S. have seen an aggregated increase of $1.5 trillion in equity since Q1 2023, a jump of 9.6% year-over-year. Mortgaged residential properties with negative equity declined 2.1% from Q4 2023 and 16.1% from Q1 2023. Roughly 1.8%, or one million, of all mortgaged properties were underwater, which was significantly below the peak of 26% observed in Q4 2009. On average, U.S. homeowners with mortgages gained $28,000 in equity last quarter compared to a year ago. California had the highest equity gain of all states in Q1 2024, with an average homeowner equity increase of $64,000 year-over-year in the latest quarter. The Golden State had a share of homes with negative equity at 0.7% in Q1 2024 and was the state with the smallest share among all states reported by CoreLogic.

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.

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

CONTACT ME

WHAT'S MY HOME WORTH?

For Sale

1168 E 10th St #224B

Long Beach 90813

2 Bed | 2 Bath | 698 SF | $399,900

Great opportunity to own this nicely updated 2 bedroom, 2 bath, top floor corner condo with views of Signal Hill. Just a short drive to downtown Long Beach and to the beach!

OPEN HOUSE SUNDAY (6/23)

1:00 - 4:00 pm

Coming Soon

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $679,900

Enjoy the ocean breeze in this beautiful 2 bedroom 2 bath condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, nightlife, pubs, bakeries, and more.

525 E Seaside Way #1508

Long Beach 90802

2 Bed | 2 Bath | 1030 SF | $790,000

Enjoy breathtaking ocean views from the living room, bedrooms and the patio in this modern luxury 2 bed, 2 bath highrise condo. Short distance to the beach, harbor, Shoreline Village, Terrace Theater, restaurants, nightlife, and so much more!

3022 Bostonian Dr.

Rossmoor 90720

4 Bed | 3 Bath | 2,612 SF | $1,700,000

Welcome Home - Updated Kempton model home featuring 4 bed, 3 baths in Rossmoor. Located within a short distance to parks and shopping. Just a short drive to the Seal Beach pier. Great schools in the award winning Los Alamitos school district.

6544 Cerritos Ave.

Long Beach 90805

2 Bed | 1 Bath | 1,198 SF | $670,000

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.

700 E Ocean Blvd #607

Long Beach 90802

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

Amazing ocean views in this beautifully remodeled open floor plan condo at the iconic 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. 

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $1,020,000

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!

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.

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, and just a short distance 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.

SEARCH HOMES FOR SALE

CONTACT ME

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855

Mortgage rates began to reverse in the middle of last week, with the average 30-year fixed rate mortgage dropping back to the lowest levels in nearly two weeks. With the Fed’s preferred inflation gauge showing signs of cooling and the revised Q1 GDP suggesting a dial back in consumer spending, the bond market responded “favorably” to the cues and pushed rates down by more than 20 bps in eight business days. The moderation in rates in the last two weeks should motivate more buyers and sellers to enter the market and bump the momentum up a notch in the midst of the homebuying season.

Mortgage rates dipped below 7% in the latest week as the U.S. economy showed signs of slowing: The 30-year fixed-rate mortgage averaged 6.99% as of yesterday, according to data released by Freddie Mac. It’s down 4 basis points from the previous week — one basis point is equal to one hundredth of a percentage point. The average rate on the 15-year mortgage was 6.29%, down from 6.36% last week. According to Sam Khater, chief economist with Freddie Mac, "Rates are just shy of seven percent, and we expect them to modestly decline over the remainder of 2024."

Latest inflation data signals a cooling trend: The personal consumption expenditure price index (PCE) – the Fed’s preferred inflation measure – rose 0.3% month-over-month and 2.8% year-over-year in April. The core index, which excludes food and energy costs, increased 0.2% for the period and was in line with census expectations. While the latest report may not show much progress on the slowdown in inflation, it at least suggests that the price growth is cooling again rather than accelerating. While it will take more than a single report to convince the Fed that the economy is slowing consistently, the just-released PCE data is keeping hopes for the market that the Fed will cut rate in September.     

Unemployment benefits tick up but labor market remains strong: More Americans filed for unemployment benefits in the U.S., with initial claims for state unemployment benefits edging up by 3,000 to 219,000 for the week ending May 25. Despite a slight increase from the prior week, the level of new jobless claims remained consistent with the pre-pandemic level of nearly 220,000. At the state level, initial filings for unemployment benefits in California fell 760 to 39,130 from the prior week. The dip was the third straight weekly decline and the level of jobless claims at the state level dropped to the lowest point in at least the last six months. While job hiring and wage growth continue to slow and the economy will likely soften in the next few months, the labor market should remain solid in the second half of the year as inflation eases more consistently in the third and fourth quarters of 2024.   

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.

Looking To Move Out Of State? 

Save Thousands for Dollars With Our

Relocation Program

As a top agent with the #1 brokerage in North America, I have relationships with some of the top agents all over the country. I have recently helped some clients move to Tennessee, Arizona, Nevada, Montana, Texas, Florida, and other states with the help of my KW Relocation network of local experts to help them find their next dream home. My network of agents saved them thousands of dollars and reduced the time and hassle of finding a new home in another state.

If you or someone you know is looking to relocate to a new city or state, contact me to tap into the power of my network of experienced agents throughout North America. 

Looking To Sell A Property That Needs Some Work?

Save The Time & Hassle With Our Listing Concierge!

Does your property need some TLC or would having some improvements help you fetch top dollar? With our new listing concierge service we will coordinate getting your home all fixed up and ready to sell. We will manage the entire process of getting your home ready and all decked out with the latest trends, designs and materials. Our contractors are all licensed, bonded, and insured and do excellent work. Best of all, there is no money due up front. This saves you the time and expense of interviewing contractors, managing the work, and all the headache that goes along with fixing up a property. This enables our clients to position their property as "move in ready" to capture maximum buyer interest.

When we renovate homes, our clients receive on average a 150% return on investment!

We have negotiated great terms with our contractors and they don't get paid until the work is done and the home is sold.

SEARCH HOMES FOR SALE

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Coming Soon

2101 E 2nd St #205

Long Beach 90803

2 Bed | 2 Bath | 1064 SF | $679,900

Enjoy the ocean breeze in this beautiful 2 bedroom 2 bath condo located just 2 blocks to the beach and across from Bixby Park. Walking distance to the beach, Retro Row, Broadway Ave, dog park, Farmer’s Market, and all the great local restaurants, cafes, nightlife, pubs, bakeries, and more.

In Escrow

525 E Seaside Way #1508

Long Beach 90802

2 Bed | 2 Bath | 1030 SF | $759,900

Enjoy breathtaking ocean views from the living room, bedrooms and the patio in this modern luxury 2 bed, 2 bath highrise condo. Walking distance to the beach, harbor, Shoreline Village, Terrace Theater, restaurants, nightlife, and so much more!

3022 Bostonian Dr.

Rossmoor 90720

4 Bed | 3 Bath | 2,612 SF | $1,700,000

Welcome Home - Updated Kempton model home featuring 4 bed, 3 baths in Rossmoor. Located within walking distance to parks and shopping. Just a short drive to the Seal Beach pier. Great schools in the award winning Los Alamitos school district.

6544 Cerritos Ave.

Long Beach 90805

2 Bed | 1 Bath | 1,198 SF | $670,000

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.

700 E Ocean Blvd #607

Long Beach 90802

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

Amazing ocean views in this beautifully remodeled open floor plan condo at the iconic 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. 

1985 San Francisco Ave.

Long Beach 90806

3 Bed | 2 Bath | 1,509 SF | $1,020,000

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!

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.

SEARCH HOMES FOR SALE

CONTACT ME

WHAT'S MY HOME WORTH?

Tim Majka

(562) 900-9430

www.ImagineRealty.com

DRE #01399855