Adam Leibovitch Real Estate

The Federal Reserve began its cycle of rate cuts with the first rate cut in four years – Declaring that inflation has come under control, the Fed dropped its key rates by ½% on Wednesday. With inflation spiking bringing the CPI to 9.1% in June 2022 the Fed enacted one of the most aggressive rate hike campaigns in history. They increased rates steadily until they hit a 25-year high. Now that the CPI has worked its way down, it measured 2.5% in August, the Fed has begun a campaign of dropping rates to a more “neutral rate” from their previous “restrictive rate.” Experts expect two more drops before the end of the year, likely .25% each. Next Friday we will get the Personal Consumption Expenditures (PCE) report, a gauge of inflation that is a Fed favorite. One week from Friday we will get the September Jobs report. Those reports will have an impact on bond yields and mortgage rates which did not drop after the Fed announced their rate drop. That drop was expected and was already “built into” long-term bond yields and mortgage rates.

Economic Update | Week Ending September 21, 2024 - Rodeo Realty The Federal Reserve began its cycle of rate cuts with the first rate cut in four years – Declaring that inflation has come under control, the Fed dropped its key rates by ½% on Wednesday. With inflation spiking bringing the CPI to 9.1% in June 2022 the Fed enacted one of the most aggressive rate ...

As we continue on through the month of September, it’s time to dive into the weekend’s top events. From foodie focused to music and arts, there are plenty of things happening around town! Check out our weekend round-up for September 20 through September 22!

Weekend Events | September 20 - September 22 - Rodeo Realty From foodie focused to music and arts, check out our weekend round up for September 20 through September 22!

Mortgage Rate Update | September 19, 2024
Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week.

To see the full weekly update, visit our blog!

Mortgage Rate Update | September 19, 2024 - Rodeo Realty Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 19, 2024, were as follows: The 30-year fixed mortg...

If there is one thing, you can find a gourmet selection of in California, its Seafood! With so many seafood restaurants around town, your options are endless for something from the sea. Rather than feel like you’re stranded in an ocean of possibilities, we have you covered. Check out our list of the top seafood restaurants in your area.

The Top Seafood Restaurants | LA Eats - Rodeo Realty Rather than feel like you’re stranded in an ocean of possibilities, we have you covered. Check out our list of the top seafood restaurants in your area.

As summer gives way to the crisp, golden hues of fall, Southern California’s wine country becomes a picturesque escape. Whether you’re a seasoned wine enthusiast or simply looking for a luxurious getaway, Temecula Valley and Malibu’s scenic vineyards provide the perfect backdrop for a fall retreat. With cooler temperatures, stunning views, and a variety of seasonal wine events, this is the ideal time to explore these vineyards in style.

Experience Wine Country in the Fall | Out & About - Rodeo Realty As summer gives way to the crisp, golden hues of fall, Southern California’s wine country becomes a picturesque escape.

As the warm days of summer begin to fade and the crisp air of fall rolls in, it’s the perfect time to refresh your home’s décor to reflect the changing season. Transitioning your space from the light, breezy feel of summer to the cozy, rich ambiance of fall doesn’t have to be overwhelming. With a few simple yet luxurious touches, you can create a space that’s inviting, comfortable, and sophisticated. Here’s how to elevate your home for the fall season with style.

Summer to Fall Home Décor | Home Tips - Rodeo Realty As the crisp air of fall rolls in, it’s the perfect time to refresh your home’s décor to reflect the changing season.

From SpaceX to Google Wallet and more, we have you covered! Check out your tech news in this week’s blog as we wrap up the top headlines from across the web.

From SpaceX to Google Wallet and More! | Tech News - Rodeo Realty From SpaceX to Google Wallet and more, we have you covered with the top headlines! Check out your tech news in this week’s blog.

Economic Update | Week Ending September 14, 2024
Economic data this week – The August reading of the Consumer Price Index (CPI) showed that consumer inflation continues to moderate. Consumer prices rose 2.5% from one year ago, down 0.4% from July’s annual level of 2.9%, and the lowest annual rate since February 2021. The CPI rate peaked at 9.1% in June of 2022 and has worked its way down gradually. The Produce Price Index (PPI) was also released this week. It showed that wholesale rose just 1.7% from last August.

To read the full weekly update, visit our blog!

Economic Update | Week Ending September 14, 2024 - Rodeo Realty Economic data this week – The August reading of the Consumer Price Index (CPI) showed that consumer inflation continues to moderate. Consumer prices rose 2.5% from one year ago, down 0.4% from July’s annual level of 2.9%, and the lowest annual rate since February 2021. The CPI rate peaked at 9.1...

The heatwave is over and the weekend has arrived! It’s time to dive into what’s happening in your local community. From celebrations to street fairies and more, there are plenty of fun things to do around town. Read on below for the top events taking place the weekend of September 13 through September 15.

Weekend Events | September 13 - September 15 - Rodeo Realty From celebrations to street fairies and more, there are plenty of fun things to do around town September 13 through September 15.

Mortgage Rate Update | September 12, 2024
Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as of September 12, 2024.

To read the full weekly update, visit our blog!

Mortgage Rate Update | September 12, 2024 - Rodeo Realty Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 12, 2024, were as follows: The 30-year fixed mortg...

As the weather cools down, there is one thing guaranteed to keep you warm…Pho. The traditional Vietnamese soup is an ideal meal for any time of the year, especially on chill days. Whether you are under the weather or just in need of a warm lunch or dinner, check out our list of top spots around town.

Our Favorite Pho Spots Around Town | L.A. Eats - Rodeo Realty Whether you are under the weather or just in need of a warm lunch or dinner, check out our list of top Pho spots around town.

Living in California, locals know how many benefits there are to installing solar panels on your home. To determine the solar panel type best suited for your installation, there are certain factors to consider. Below is a guide based on each type’s appearance, cost, and efficiency to determine the one that works best for your household.

Solar Panels and Your Home | Home Tips - Rodeo Realty Living in SoCal, locals know how many benefits there are to installing solar panels on your home. Read our blog to know what works for you!

As the week comes to a close, it’s time to wrap up the leading headlines from across the tech world. From Bang & Olufson to Instagram and more, we have you covered! Check out your tech news read below!

From Bang and Olufson to Instagram and More! | Tech News - Rodeo Realty From Bang and Olufson to Instagram and more, we have you covered! Check out your tech news in this week’s blog.

Economic Update | Week Ending September 7, 2024
U.S. hiring stabilized in August after dropping in July – The Department of Labor and Statistics reported that 143,000 new jobs were added in August. That was an increase from a revised 89,000 jobs added in July, yet below economists’ expectations of 165,000 new jobs. The unemployment rate ticked down 4.2% in August from 4.3% in July which marked its highest level since October 2021. Average hourly wages increased 3.8% year-over-year in August, up from a 3.6% annual increase in July.

To read our full weekly update, visit our blog!

Economic Update | Week Ending September 7, 2024 - Rodeo Realty U.S. hiring stabilized in August after dropping in July – The Department of Labor and Statistics reported that 143,000 new jobs were added in August. That was an increase from a revised 89,000 jobs added in July, yet below economists’ expectations of 165,000 new jobs. The unemployment rate ticke...

Dive into the weekend’s top events! From Hamilton at the Pantages to Day of the Dog, and more, we have you covered for fun. Check out what’s happening in your neighborhood from September 6 through September 8!

Weekend Events | September 6 - September 8 - Rodeo Realty Dive into the weekend's top events! Check out what’s happening in your neighborhood from September 6 through September 8!

Mortgage Rate Update | September 5, 2024
Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as of September 5, 2024.

To read the full update, visit our weekly blog!

Mortgage Rate Update | September 5, 2024 - Rodeo Realty Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of September 5, 2024, were as follows: The 30-year fixed mortga...

Los Angeles is home to some of the best Italian dining spots, offering authentic pasta dishes that transport you straight to Italy. Whether you crave classic spaghetti or something more adventurous, these restaurants deliver delicious, memorable meals. Explore this guide to find your next favorite pasta eatery in LA.

The Top Pasta Spots | L.A. Eats - Rodeo Realty Whether you crave classic spaghetti or something more adventurous, these restaurants deliver delicious, memorable pasta spots in LA.

Los Angeles is known for its bustling city life, but just a few hours away, nature enthusiasts can find some of the most stunning national parks in the country. These parks offer a perfect escape from the urban sprawl, each with unique landscapes, rich histories, and opportunities for adventure. Here’s a national park guide to the best parks within driving distance from Los Angeles.

Your CA National Park Guide | Out & About - Rodeo Realty Here’s a national park guide to the best parks within driving distance from Los Angeles. Check it out and explore California!

Stay connected with what’s happening in the world of tech with the latest headlines. From LG’s ThinQ ON to Plaud AI Pin and more, we have you covered on the top tech news. Read on for this week’s wrap-up!

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August marked an official change in policy for the Federal Reserve as Fed Chairman Jerome Powell stated, “The time to cut rates has come,” following the Fed’s annual conference in Jackson Hole. The first-rate cut is expected in September. This month every inflation indicator showed that inflation was taming. July’s inflation reports came in as follows: The Consumer Price Index showed consumer prices rose 2.9% from one year ago. The Producer Price Index showed that wholesale prices rose 2.2% from one year ago. The Personal Consumption Expenditures Price Index, a favorite of the Fed showed a 2.5% year-over-year increase. The second quarter Gross Domestic Product, the broadest measure of the strength of the economy was revised upward from an initial estimate of 2.8% to a 3% increase. The August jobs report will be released next Friday. The Fed is watching employment closely in determining how much and how far to cut rates. They have indicated that the first cut will be in September.

Economic Update | Month Ending August 31, 2024 - Rodeo Realty August marked an official change in policy for the Federal Reserve as Fed Chairman Jerome Powell stated, “The time to cut rates has come,” following the Fed’s annual conference in Jackson Hole. The first-rate cut is expected in September. This month every inflation indicator showed that inflat...

August marked an official change in policy for the Federal Reserve as Fed Chairman Jerome Powell stated, “The time to cut rates has come,” following the Fed’s annual conference in Jackson Hole. The first rate cut is expected in September. this month every inflation indicator showed that inflation was taming. July’s inflation reports came in as follows: The Consumer Price Index showed consumer prices rose 2.9% from one year ago. The Producer Price Index showed that wholesale prices rose 2.2% from one year ago. The Personal Consumption Expenditures Price Index, a favorite of the Fed showed a 2.5% year-over-year increase. The second quarter Gross Domestic Product, the broadest measure of the strength of the economy was revised upward from an initial estimate of 2.8% to a 3% increase. The August jobs report will be released next Friday. The Fed is watching employment closely in determining how much and how far to cut rates. They have indicated that the first cut will be in September.

Economic Update | Week Ending August 31, 2024 - Rodeo Realty August marked an official change in policy for the Federal Reserve as Fed Chairman Jerome Powell stated, “The time to cut rates has come,” following the Fed’s annual conference in Jackson Hole. The first-rate cut is expected in September. this month every inflation indicator showed that inflat...

Labor Day weekend is here and so is the unofficial end of summer. Wrap things up this season in style with local events happening around town. From the Cinecon Classic Film Festival to the Malibu Chili Cook-Off and more, there is plenty of fun this weekend!

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Mortgage Rate Update | August 29, 2024
Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week.

To read the full update, visit our weekly blog!

Mortgage Rate Update | August 29, 2024 - Rodeo Realty Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 29th, 2024, were as follows: The 30-year fixed mortga...

The era of Boba Tea has arrived in SoCal. With the tasty iced tea and tapioca pearl beverages gaining more popularity as of late, the options are endless. With so many great Boba tea shops to choose from, the question is, where to begin? We’re sharing our top choices for Boba tea shops below!

Best Boba Tea Shops Around Town | L.A. Eats - Rodeo Realty With so many great Boba tea shops to choose from, we're sharing our top choices for Boba tea shops in this weeks blog!

Los Angeles is renowned for its movie stars, historic theaters, and sun-soaked beaches. However, many are unaware that LA is also encircled by a diverse array of nature reserves, offering a perfect retreat from the city’s hustle. These reserves provide an ideal setting to enjoy the beauty of the fall season. Whether you’re a local or just visiting, consider taking a day to explore these natural havens, all within an hour’s drive of Los Angeles County.

SoCal's Top Nature Reserves | Out & About - Rodeo Realty Whether you're an Angeleno or just visiting, take a day off to explore these nature reserves located within an hour of Los Angeles County.

Gardens have always served as peaceful sanctuaries, offering a retreat from the fast pace of life and a chance to reconnect with nature. In luxury estates, a garden becomes more than just a green space—it transforms into a refined extension of the home’s elegance. Creating the perfect luxury garden retreat involves meticulous attention to detail, a spark of creativity, and a deep appreciation for serenity. Here’s a guide to help you design your own idyllic oasis.

Designing the Perfect Luxury Home Garden Retreat | Home Tips - Rodeo Realty Designing the perfect luxury garden retreat requires attention to detail. Read this week's blog for tips on how to design your perfect garden.

From a Black Hole App to Google Gemini and more, the tech world is buzzing with new developments. Apple, Google, and Microsoft are rolling out innovative tools and apps to enhance everyday digital experiences. Waymo is pushing the boundaries of autonomous driving with its latest robotaxis. Surprisingly, even Chick-fil-A is entering the streaming arena. On another front, citizen science apps are empowering people to help discover new black holes. This blog covers the latest tech news and highlights the innovations shaping our digital future.

From a Black Hole App to Google Gemini and More! | Tech News - Rodeo Realty From a Black Hole App to Google Gemini and more, the tech world is buzzing with new developments. Check out this week's blog!

Economic news this week – The big news this week was Federal Reserve Chairman, Jerome Powell’s comments at the Fed’s annual Jackson Hole Conference. In his speech he said, “The time has come to cut interest rates.” He further stated that inflation had moderated and was heading toward the Fed’s 2% annual target. Stocks rallied on the news. Many experts feel that there will be a .25% drop in September, perhaps a .50% in November, and a 25% drop in December. That’s a 1% drop by year’s end. Others feel that there will be three 25% drops, totaling a .75% drop by year’s end. Either way, it’s great news for loans tied to short-term rates. HLOC line of credit loans are often tied to prime. Prime rates normally follow Fed rate movements. While HLOC loans will come down the same amount that Fed rates do, long-term mortgage rates will not. Mortgage rates typically follow long-term bond rates. We expect mortgage rates to drop, but not anywhere near the amount that Fed rates drop. In other news, the number of new jobs created over the past year was revised downward by 818,000 jobs, therefore U.S. job growth has been far weaker than initially reported. This was another consideration in the Fed’s decision to announce a shift to rate cuts.

Economic Update | Week Ending August 24, 2024 - Rodeo Realty Economic news this week – The big news this week was Federal Reserve Chairman, Jerome Powell’s comments at the Fed’s annual Jackson Hole Conference. In his speech he said, “The time has come to cut interest rates.” He further stated that inflation had moderated and was heading toward the F...

Check out what’s happening from August 23 through August 25 in your neighborhood! From a Beetlejuice pop-up to Outdoor Movies and more, we have you covered with this week’s events. Read on below for our weekly round-up.

Weekend Events | August 23 - August 25 - Rodeo Realty Check out what’s happening from August 23 through August 25 in your neighborhood! From a Beetlejuice pop-up to Outdoor Movies and more.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 22nd, 2024, were as follows: The 30-year fixed mortgage rate was 6.46%, down from 6.49%, last week. The 15-year fixed was 5.62%, down from 5.66% last week.

Mortgage Rate Update | August 22, 2024 - Rodeo Realty Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of August 22nd, 2024, were as follows: The 30-year fixed mortga...