SANTA MONICA: Going Inside the Numbers

SANTA MONICA: Going Inside the Numbers

This week, Connie did some market analysis from the MLS for a client, and the numbers show some interesting things. Let’s have a look:   As you can see, above $4 million, there is very low inventory in our neighborhood. And now, with even lower interest...
Power Outages, Earthquakes, and More

Power Outages, Earthquakes, and More

Last night we had a power outage in Santa Monica. We were without electricity only for about an hour of the evening, but I had to find my way in the dark to get flashlights and the fire starter for candles, and I tripped over Elvis, one of my three dogs! This made me...
Don’t Panic! Rate Hike Is Not As Bad As You Think

Don’t Panic! Rate Hike Is Not As Bad As You Think

The FED announced they have raised the overnight fund rate by a .25%. This is the rate Banks borrow at overnight. This is a modest move and will not affect fixed long term Mortgage Rates. The rate increase has the following features: They are only considering raising...