Ronnie Gharibian

05/21/2025

Will SoCal Home Prices Drop in the Next 5 Years? Here’s the Truth.

Thinking about waiting to buy a home? Let’s talk facts—not fear.
The data shows that home values in Southern California are expected to continue rising over the next 5 years, not fall.
Here’s why:
• California home prices are projected to grow another 4–6% in 2025
• Inventory remains historically low
• Buyer demand is picking up as rates stabilize
• Wildfires have worsened the housing shortage, not improved it
Sitting on the sidelines may cost you more than acting now. Let’s talk strategy.
DM me if you want to review your options or get pre-approved.

03/06/2025

https://www.cnbc.com/2025/03/05/weekly-mortgage-demand-surges-20percent-higher-after-interest-rates-drop.html

02/28/2025

02/27/2025

U.S. home prices just keep setting new records, although the pace of growth has slowed a bit. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released Feb. 25, 2025, shows annual home-price growth increased in December 2024 by 3.9 percent. That’s up slightly from November’s 3.8 percent and reflects the 19th all-time high in a row when adjusted for seasonality.

Case-Shiller Index shows prices still rising, but more slowly

In addition to the 3.9 percent overall increase, December values also increased annually by other measures. Case-Shiller’s 10-city index was up 5.1 percent for the year, and the 20-city index rose 4.5 percent. After seasonal adjustment, all three indices — national, 10-city and 20-city — were up 0.5 percent month-over-month.

“Through this recent market cycle, the ability of Americans to grow wealth by participating in the upside of the U.S. housing market, particularly if done through a leveraged position by securing a mortgage, has proven to be historically beneficial,” Brian D. Luke of S&P Dow Jones Indices said in a statement.

Regional fluctuation continues

Cities scattered across the East, West and Midwest all earned top spots in price growth for December. New York City topped the annual-growth pack once again, with the New York metro area reporting an annual gain of 7.22 percent. After New York, the cities with biggest increases were:

Chicago (6.60 percent)

Boston (6.35 percent)

Seattle (5.61 percent)

Washington, D.C. (5.55 percent)

San Diego (5.51 percent)

Las Vegas (5.43 percent)

Cleveland (5.24 percent)

Prices fell in just one metro area: Tampa was down 1.11 percent, continuing the previous month’s decline.

02/13/2025

Thank you to council members, Najarian and Asatryan for reappointing me to Community Block Grant Advisory Commissioner.
It was a pleasure to be l sworn-in by our City Clerk Dr. Suzie Abajian

09/26/2024

While housing affordability remains a challenge for many buyers in the U.S., conditions are somewhat improving due to lower mortgage rates.

Buyers need to earn $115,000 to afford the typical home in the U.S., according to a new report by Redfin, an online real estate brokerage firm. That’s down 1% from a year ago, and represents the first decline since 2020.

Housing payments posted the biggest decline in four years, Redfin also found. The median mortgage payment was $2,534 during the four weeks ending Sept. 15, down 2.7% from a year ago.

Both declines stem from lower mortgage rates, said Daryl Fairweather, chief economist at Redfin.

As of Sept. 19, the average 30-year fixed rate mortgage is 6.09%, down from 6.20% a week prior, according to Freddie Mac data via the Fed. Rates peaked this year at 7.22% on May 2.

“The only reason mortgage payments are down is because of the rate effect,” Fairweather said.

Challenges remain: The typical household earns 27% less than what they need to afford a home, about $84,000 a year, per Redfin data. Home prices are still high, too. The median asking price for newly listed homes for sale is $398,475, up 5.4% from a year ago, Redfin found.

While housing overall continues to be unaffordable for most buyers, “this is as good as it gets,” said Orphe Divounguy, senior economist at Zillow, as the market is generally seeing lower mortgage rates, more inventory and low buyer competition.

Here’s what buyers can expect in the coming months.

‘Mortgage rates will go by the way of the economy’

Lower home loan rates provide “a great opportunity for buyers who have been waiting,” Divounguy said.

Just because the Federal Reserve cut interest rates, it doesn’t “necessarily guarantee mortgage rates will continue to fall,” he said.

While mortgage rates are partly influenced by the Fed’s policy, they are also tied to Treasury yields and other economic data.

“Mortgage rates will go by the way of the economy,” said Melissa Cohn, regional vice president of William Raveis Mortgage in New York........

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07/25/2024

🏠 Why You Need a Mortgage Pre-Approval 🏠

Ready to embark on your home-buying journey? At , we believe that mortgage pre-approval is the key to a smooth and successful experience. Here's why:

1️⃣ Know Your Budget: Determine your total budget and monthly mortgage payment, helping you focus on homes within your price range.

2️⃣ Find Out Your Loan Amount: Get a clear picture of the loan amount you're eligible for, based on your credit history, income, and debt-to-income ratio (DTI).

3️⃣ Strengthen Your Offer: Sellers are more likely to accept offers from pre-approved buyers, giving you a competitive edge.

4️⃣ Spot Potential Issues Early: Identify and address any potential issues that could affect your loan approval process.

Ready to get pre-approved and start your journey to your dream home? Have questions? Contact us today! We're here to guide you every step of the way.

07/19/2024

A larger down payment means lower monthly payments and interest rates. Aim for at least 20% to avoid private mortgage insurance (PMI). Let us help you navigate your home buying journey with expert advice. Link in bio !

 

07/15/2024

At Gharibian Group, we help you catch that great wave with our expert real estate and mortgage services.

07/14/2024

Memories that will be talked about forever, experiences that will be passed down for generations. AFY summer camp.

07/12/2024

At Gharibian Group, we help you achieve financial freedom through expert real estate and mortgage services.