Is NOW A Good Time To Buy A House?

Well? Is NOW A Good Time To Buy A House??? But why? Today we’re in the studio with Anouheh Moghaddam with Movement Mortgage and we’re talking about a Market Opportunity that’s happening right now in the South Bay Real Estate Market. With the mortgage interest rate hikes in 2022 slowing the market, home buyers currently have an opportunity to potentially not have to compete with multiple offers and be able to negotiate with the seller for better terms.

Mortgage Interest rates have come down from the mid 7%’s in November of 2022 to the high 5%’s! That has already started to heat up the market. There’s still time to get in now. But when rates start hitting 5% and if they drop below that, we’ll be right back to the hot sellers market and super competitive conditions for home buyers. We’ve seen an uptick in listing inventory… which is actually GOOD. But inventory is still lower than normal and we’re just not sure when we’ll see that return to normal here in the South Bay.

Currently here in the Beach Cities of the South Bay Los Angeles… Manhattan Beach, Hermosa Beach and Redondo Beach…we’re seeing a bit of a lull in the real estate market. Yet it’s typically quieter from Thanksgiving til around the end of January in a normal market. The last 2 years were certainly not normal. The Spring market is usually the hottest market & we’ll see how if fares with higher interest rates we’ve seen for decades. It’s an interesting market for sure.

Text me if you’re thinking about buying a house soon and you need more information… number is below.

You can contact Anouheh here:

310-208-1988

[email protected]

Watch & see what we have to say.

Let me know how I can help!

Ciao

Daryl Palmer Real Real Estatetist

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Re/Max Estate Properties RE# 1986622

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Daryl Palmer Beach Homes

Daryl Palmer is a Real Real Estateist since 1986. As a Beach Cities resident, Daryl helps people like you market and invest in all kinds of real estate, Move Up, Scale Down, First Timers, Vacation Homes, Investors, Fix and Flippers, 1031 Exchanges. He can even help you with an ADU! (I know... what's an ADU?) His office is in Downtown Manhattan Beach and you can find him sipping coffee at the Shade Hotel or wandering around town. You might catch him walking up and down Pier Ave or walking on The Strand in Hermosa Beach. Or shopping at Trader Joes in the Riviera Village in Redondo Beach...and really...you can find him all over the South Bay Los Angeles. He rides his bike everywhere. You'll probably see him doing just that.
Daryl and his team of professionals help you get the job done, whether it's selling or buying... or both. Follow Daryl on Instagram: @DarylPalmerBeachHomes

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Dwelling Selling--How The Internet Made Selling A House In The South Bay Easy...And Other Funny Stories.
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Daryl Palmer CRS - Call/Text 310-502-4240

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www.SouthBayFIneProperties.com
Daryl Palmer Beach Homes
RE/MAX Estate Properties
1401 Highland Ave
Manhattan Beach CA
90266

RE #1986622