The Federal Reserve has increased the Fed Funds Rate by 0.25%, in line with the consensus. The Fed’s latest forecasts show no rate cuts by the end of the year and slightly higher rates by the end of 2024, which is different from market expectations of a 0.75% cut. The Treasury yields and mortgage rates

The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that headline inflation increased 0.6% in January, while the year-over-year reading rose from an upwardly revised 5.3% to 5.4%. Core PCE, which strips out volatile food and energy prices, rose by 0.6% with the year-over-year change increasing from an upwardly revised 4.6% to 4.7%.

All AI, 100%:   “Retirement can be a great time to pursue a long-held dream of investing in real estate. Investing in real estate can provide a steady stream of income and can be a great way to diversify your retirement portfolio. Before getting started, it’s important to do your research and understand the potential

  Seriously, the headlines are completely insane! Talk about click bait! Don’t listen to the headlines, watch the trend lines! The sales numbers are down because inventory is down. We have a couple recent stories of what’s really going on in our local market. There was a house that came on the market ($700K range)

Increased Pending Home Sales Hasn’t Happened in more than a Year! The housing market is showing early signs of recovery with pending sales of U.S. homes climbing for the first time in a year, according to new data from Redfin. Pending home sales rose 3% in December, the first month-over-month increase since October 2021, Redfin

If you are planning to sell your home tomorrow, today is a great day to take some proactive steps to ensure your home is looking its best for potential buyers. Start by thoroughly cleaning every room, including dusting furniture and cleaning any carpets or floors. Remove any clutter and personal items from the home, as

Inventory continued to move lower after peaking over the summer as part of the normal seasonal build, falling for the fifth straight month to 970,000. This is a 13.4% decline from November and the equivalent of a 2.9 months’ supply. But inventory is even tighter than that figure implies, as there were only 690,000 “active

VENTURA COUNTY MARKET SUMMARY DECEMBER 2022 | SINGLE/DETACHED HOMES Market Month to Date Year to Date Summary December 2022 December 2021 Percent Change Year-To-Date 2022 Year-To-Date 2021 Percent Change New Listings 214 348 -38.51%  6848 8057 -15.01%  Sold Listings 304 586 -48.12%  5517 7438 -25.83%  Median List Price (Solds) $849,000 $848,500 0.06%  $890,000 $810,000 9.88% 

The Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices fell 0.5% in October but they were 9.2% higher when compared to October of last year. This annual reading is a decline from the 10.7% gain reported in September.   The Federal Housing Finance Agency (FHFA) also released their

When 180 Days are NOT 180 Days After closing on a Relinquished (old) Property, taxpayers typically have 45 days to identify new property and 180 days to complete the purchase for a successful 1031 Exchange. However, for exchanges started between October 18, 2022 and December 31, 2022, the timeline to complete the exchange is shortened. Many do