As April opens, mortgage rates are on the move. In fact, the mortgage interest rate increased the highest amount since 1994, by end of March. Overall, in the 1st Quarter, the average mortgage rate has increased by 1.5%, resting now at approx. 4.8% compared to rates at just below 3% last year. This foreshadows changes in residential sales activity and reduced Buyer ability to afford their dream home. Sellers should take note -- if you intend to sell, now is the time, do not wait. The Fed promises more interest rate increases this year, in their effort to prevent inflation. Our real estate market is constantly changing.... in my 3 decades of business practice, I have learned that lesson. Your best support in an ever changing market is to work with a trusted professional who is immersed in market knowledge and provides you with fact-based statistics to make your best decision when buying or selling. 

Our team is thrilled to open our new Orange County office in Laguna Village, one block from the beach. We have been selling in OC for over 10 years and love it, but have now planted our flag with a full time office setting. Please visit us ! 

Although our 1st Quarter was marked by low inventory -- increasing demand and buyer frustration, as April opens we notice new inventory coming to market - hopefully, in the nick of time for Spring & early Summer buyers! Our team brings to market this week numerous properties from Pacific Palisades to Los Feliz, all of them in various price points and expected to be popular favorites. Call me if I can be of help to you, we love what we do in this amazing city!