Suzanne Duarte - Realtor - Pacific Ranch Realty

01/16/2025

Browse event info and purchase tickets for BottleRock Napa Valley

09/22/2023

09/22/2023

MARKET UPDATE

Week Ending 9/22/2023
Weekly Market Update
Helping you navigate the market
Fed Projections
At the highly anticipated meeting on Wednesday, Fed officials confirmed their outlook for short-term rates to remain at elevated levels for quite a while. While this was not much of a surprise, the news caused mortgage rates to climb to their highest levels in decades.

As expected, the Fed made no change in the federal funds rate, and the statement released after the meeting was very similar to the prior one. The key information was the latest set of projections from officials for future monetary policy. First, the median forecast from 19 Fed officials is for an additional 25 basis point rate hike this year. In addition, they anticipate that the federal funds rate will remain near current levels for a substantially longer period of time than in the last set of projections released three months ago. The bottom line is that officials currently do not see rate cuts coming as soon as investors expected. According to Chair Powell, they want to see "convincing evidence" that inflation is on track to return to target levels before loosening monetary policy.

In housing news, sales of existing homes in August fell slightly from July and were 15% lower than last year at this time. Inventory levels stand at just a 3.3-month supply nationally, far below the 6-month supply typical in a balanced market. The median existing-home price of $407,100 was 4% higher than last year at this time.

There is no doubt that additional inventory of homes available for sale continues to be desperately needed, but the latest data contained mixed news. Overall housing starts in August were disappointing with a larger than expected decline of 11% from July to the lowest level since June 2020. Most of the weakness came from the multi-family sector, however, with just a modest drop in single-family units. More encouragingly, building permits, a leading indicator, increased for both single-family and multi-family units. Builders again cited tight credit conditions for loans and high prices for land, labor, and materials as obstacles to a faster pace of construction.
Week ahead
Investors will continue to watch for Fed officials to elaborate on their plans for future monetary policy. For economic reports, Consumer Confidence and New Home Sales will be released on Tuesday. Personal Income and the PCE price index, the inflation indicator favored by the Fed, will come out on Friday.

07/01/2022

HAVE A SAFE AND HAPPY FOURTH OF JULY

Suzanne Duarte
REALTOR® DRE 01447162
Pacific Ranch Real Estate
Capital Loan Associates
619.917.9904 cell
[email protected]
[email protected]

05/25/2022

HAVE A SAFE AND WONDERFUL MEMORIAL DAY

Suzanne Duarte
REALTOR® DRE 01447162
Pacific Ranch Real Estate
Capital Loan Associates
619.917.9904 cell
[email protected]
[email protected]

05/05/2022

Enjoy your Thursday!

04/13/2022

HAPPY EASTER EVERYONE

PLEASE CALL ME FOR ALL YOUR REAL ESTATE NEEDS

Suzanne Duarte
REALTOR® DRE 01447162
Pacific Ranch Realty
Capital Loan Associates
619.917.9904 cell
[email protected]

11/23/2021

I hope everyone has a HAPPY and SAFE Thanksgiving Holiday!

10/08/2021

Bates Nut Farm | Sept. 18-Oct. 31
15954 Woods Valley Road, Valley Center
(760) 749-3333 | www.batesnutfarm.biz

Carlsbad Pumpkin Patch | Sept. 18-Nov. 8
1050 Cannon Road, Carlsbad
(760) 603-9608 | www.carlsbadstrawberrycompany.com

Coronado Pumpkin Patch | Oct. 16-30
Coronado Ferry Landing
www.coronadopumpkinpatch.com

Fall Fest | Oct. 1-Nov. 14
Belmont Park: 3146 Mission Boulevard, San Diego
(858) 228-9283 | www.belmontpark.com

Fallbrook Pumpkin Patch | Oct. 1-31
1924 E Mission Road, Fallbrook
www.fallbrookpumpkinpatch.com

Family Christmas Tree Farm Pumpkin Patch | Oct. 1-31
300 Pepper Drive, El Cajon
(619) 448-5331 | www.familychristmastreefarm.com

Julian Farm/Orchard Pumpkin Patch | Sept. 24-Oct. 31
4444 State Hwy 78, Julian
(951) 313-0166 | www.julianminingcompany.com

Oma’s Pumpkin Patch | Sept. 28-Oct. 30
14950 El Monte Road, Lakeside
(619) 390-2929 | www.omasfamilyfarm.com

Mtn. Valley Ranch Pumpkin Patch | Sept. 25-Oct. 31
842 Hwy 78, Ramona
(760) 788-8703 | www.mountainvalleyranch.com

Mr. Jack O’ Lanterns Pumpkin Patch | Oct. 1-31
6710 La Jolla Boulevard, La Jolla
3190 Mission Boulevard, San Diego
(844) 452-2567 | www.mrjackolanternspumpkins.com

PB Pumpkin Patch | Oct. 1-31
870 Garnet Avenue, San Diego
(858) 483-0329 | www.pbpumpkinpatch.com

Pumpkin Express | Oct. 5–27
Campo Depot: 750 Depot Street, Campo
(619) 478-9937 | www.psrm.org/pumpkin

Pumpkin Station | Oct. 1-31
Bonita: 5354 Sweetwater Road
Del Mar: 15555 Jimmy Durante Boulevard
Mission Valley: 1640 1/2 Camino Del Rio N
National City: 3030 Plaza Bonita Road
Rancho Bernardo: 13421 Highland Valley Road
(858) 566-7466 | www.pumpkinstation.com

Summers Past Farms | Sept. 25-Oct. 31
15602 Olde Hwy 80, Flinn Springs
(619) 390-1523 | www.summerspastfarms.com

Tom’s Adventures Pumpkin Patch | Oct. 1-31
1360 Discovery Street, San Marcos
555 Broadway, Chula Vista
707 West Vista Way, Vista
(760) 484-2437 | www.tomsadventuresllc.com

U-Pick Pumpkin Patch | Oct. 1-31
2115 Miller Avenue, Escondido
(760) 738-9014 | www.thefarmstandwest.com

09/27/2021

Top Eight Home Maintenance Tips for Fall:


Fall is a key time to complete home maintenance tasks. Whether you live in an area that is prone to winter storms or experiences a milder climate, our top eight fall home maintenance tips will help ensure you are ready for the changing weather. Start your checklist with these items:

Clean and inspect your fireplace


Change your HVAC filters


Prep your pipes


Weatherproof windows and doors


Check your smoke detectors and fire extinguishers


Stow outdoor furniture


Welcome the season with fall decor!