Nicholas Kaluza Real Estate

12/19/2021

Merry Christmas and Happy Holiday’s!
If you or anyone you may know needs assistance with their Real Estate needs, please send them my way! Any state and also some Countries outside of the U.S.A.

11/25/2021

Wishing a Happy Thanksgiving filled with positivity and blessings!

10/29/2021

California specific updates:

"U.S. home sales rebounded in September, with existing home sales increasing 7 percent. Sales recorded a seasonally adjusted annual rate of 6.29 million in September, a decrease of 2.3 percent from a year ago. Total housing inventory continued to fall, with listings down 0.8 percent from August, and 13 percent compared to a year ago. Tight housing supply pushed up prices, so that the U.S. median home price rose 13.3 percent from the year prior, to $352,800."

"Mortgage rates climbed to their highest since early April. The average 30-year fixed rate mortgage released by Freddie Mac increased to 3.09 percent for last week, and Tuesday’s rate was 3.26 percent. The 15-year fixed rate mortgage stayed flat at 2.52 percent. The 5/1 ARM rose to 2.76 percent."

"Federal Reserve Chair Jerome Powell said last week that the U.S. central bank will likely begin tapering in November but will keep its benchmark interest rate untouched for now. Powell mentioned that the Fed may need to raise rates in the future to prevent inflation from spiraling, but that is not happening at the moment. Powell said that “supply constraints and elevated inflation are likely to last longer than previously expected and well into next year, and the same is true for pressure on wages.”"

Sources: Forbes, Reuters, C.A.R. Market Minute

DRE: 01971623
Cell: (858) 376-7184

09/30/2021

Good read! 📈

Mortgage applications jumped to its highest level since April during the week ending September 10. Total Mortgage Application Volume Up Nearly +5%

09/21/2021

Good morning everyone! Be sure to pay attention to the Mortgage rates and median sales price for your local area here in Southern California. Things are starting to change! Feel free to reach out for any questions!

DRE: 01971623

04/01/2021

Let’s talk Real Estate!

03/25/2021

Looking for MLS access to find for your next dream home? Click below for MLS access in Southern California.

Check out CRMLS HomeSpotter, where we can message about homes using the app.

Standard text message rates apply. By tapping "Get App", you agree to the HomeSpotter Terms of Use and agree that a real estate professional may contact you about your inquiry.

03/23/2021

That is 665 transactions closed PER DAY.
..”However, interest rates continue to increase and that has caused the pace of growth in new mortgage applications to cool from the 30% growth that we experienced during much of the second half of 2020...”
..” The 7-day average for new coronavirus cases in California continued to decline last week, and the number of deaths dipped below 100 per day in raw volume last week for the first time in months...”
..”Housing demand appears to be robust heading into the spring homebuying season as we close out the 45th consecutive week of growth in mortgage applications...”

“...Although the market continues to see fewer and fewer homeowners in forbearance, the improvement is starting to lose momentum...”
..”The typical contract rate for a 30-year mortgage rose above 3% again last week to 3.09%. More worrisome is the 10-year bond rates, which rose to 1.644% last week and will likely lead to additional rate increases for mortgages...”

References: See attached C.A.R. Realtor®️photos.

03/22/2021

Good Morning 🌞

03/19/2021

Very interesting when looked at closely! The market numbers are crazy! 648 closed sales per DAY!?

03/18/2021

Do you or anyone you know plan on owning Real Estate in this lifetime?

03/15/2021

If you or anyone you know were thinking about a home purchase or refinance, be sure to pay close attention to the interest rates (30yr & 15yr). We are seeing the rates slowly rise! On a positive note, when the rates rise, the median home prices will normally fall and vise versa. What does that mean? It means that the barrier to entry will be higher for first time home buyers looking to get the lowest interest rate possible. Feel free to share with family and friends!