Are you interested in learning about the SoCal or Bay area housing market, supply, demand, market changes, interest rates, and more?
Solution:
Local housing economist Steven Thomas provides a housing report for each Southern California County. It is a statistical analysis that mainly helps realtors guide and set the expectations of their buyers and sellers. Steven researches past and current trends to forecast the future for housing. It’s based on science, statistics, and experience in analyzing the data to formulate the expected future.
In summary:
- Decreasing yearly sales since 2021
- Supply scarcity, but increased supply
- Speed of market is growing since 2020
- Recession in supply of homes, but not in prices
- How to fix it? When mortgage rates drop
Good news, rates have been dropping since Jan. 6, 2025. Mortgage rates today are .50% lower. For $1 million purchase, 25% down, $750,000 loan amount, 7/6 ARM, 5.875% rate, 6.528% APR, no points, up to $10,000 in rebate to cover lender fees.
YouTube video link: https://www.youtube.com/watch?v=jyBmZt-gcyQ
Check it out; you may be surprised by the attention to detail.
When you want the best possible loan program after researching 800+ lenders of all types and at the BEST rates and fees, call me at 714-310-4162
Rave client review:
“We truly appreciate Dan Stone’s honesty, integrity and huge expertise in mortgage lending. After reviewing all the facts relevant to our refinancing loan, Dan helped negotiate much better terms, saving us $5,000.00!! It was a pleasure working with Dan; I highly recommend his mortgage services.” -Andrea W.
“We truly appreciate Dan Stone’s honesty, integrity and huge expertise in mortgage lending. After reviewing all the facts relevant to our refinancing loan, Dan helped negotiate much better terms, saving us $5,000.00!! It was a pleasure working with Dan; I highly recommend his mortgage services.” -Andrea W.