One stop Mortgage Corp.
One stop Mortgage Corp.,was created back in 1993, serving our clients all over Los Angeles.
HOUSING NEWS
What Climate Change does to Property Markets
The real estate sector has long been familiar with the risks posed by climate change, including wind, hail, tornadoes, and flooding. The increasing speed of these events has raised concerns about the accuracy of risk measurement data. Researchers warn that the data currently used to assess these risks is outdated, and the slow dissemination of the latest information could contribute to a potential housing bubble.
Insurance companies are struggling to keep pace with the rapid changes in climate, as their methods for risk assessment are still developing. Accurate data is crucial for protecting investors and homeowners, but current maps and surveys often lag real-time events. To address this, the National Oceanic and Atmospheric Administration (NOAA) and the National Science Foundation (NSF) are establishing a research center to supply better climate change data to insurers. This initiative aims to help property owners and companies understand their true risks and necessary insurance coverage.
Read more at: ATTOM
FINANCE NEWS
Further Progress on Rate Cuts
The Federal Reserve’s monetary policy panel maintained the federal funds rate at a peak target of 5.5 percent following its July meeting. The Federal Open Market Committee (FOMC) stated “Recent indicators suggest that economic activity has continued to expand at a solid pace. Job gains have moderated, and the unemployment rate has moved up but remains low. Inflation has eased over the past year but remains somewhat elevated. In recent months, there has been some further progress toward the Committee’s 2 percent inflation objective.”
While a rate cut appears possible by September, the National Association of Home Builders (NAHB) forecasts the reduction to begin in December. Fed officials have consistently indicated a preference for delaying rate cuts to avoid undermining long-term inflation expectations and central bank credibility.
Read more at: Eye on Housing
MORTGAGE NEWS
Is Buying an Older Home Beneficial?
Buying an older home presents a unique set of obstacles and opportunities compared to newer constructions. Homes built between 50 and 100 years ago are known for their durability, superior materials, and craftsmanship that newer homes often lack. These homes have weathered historical events such as the 1918 flu pandemic, the Great Depression, and various economic shifts, proving their resilience. Despite high mortgage rates and escalating home prices, older homes remain attractive, especially for younger buyers like Millennials and Gen Z. These buyers, often seeking affordability and willing to compromise on modern finishes, find value in the charm and established neighborhoods of older homes. Older homes come with distinctive features like mature landscaping, tree-lined streets, and proximity to amenities, which can be appealing. Potential buyers must consider the state of the home’s maintenance and any outdated systems. With thoughtful updates, older homes can be transformed into modern, comfortable spaces that honor their history while meeting contemporary needs.
Read more at: U.S. News
ECONOMIC NEWS
Housing Industry Takes a Toll on Construction Jobs
Amid a slowdown in home construction and high interest rates, the number of open jobs in the construction sector declined in June, according to the Bureau of Labor Statistics' Job Openings and Labor Turnover Survey (JOLTS). This decline aligns with a slightly cooler labor market, which bodes well for future inflation and interest rate projections.
Specifically, the number of open construction jobs dropped significantly from 366,000 in May to 295,000 in June, with the highest impact seen in multifamily development due to sustained high interest rates. This reduction in demand for construction workers has led to fewer job openings in the industry, down from 414,000 a year ago. The construction job openings rate fell to 3.5 percent in June, the lowest since March 2023, correlating with the decrease in single-family and multifamily residences under construction.
My bday gift♥️🎂
My boys such a good looking! My Lucca turning 2 today, wish I was there to hug you.
Between Angels and Llamas
Watching volcanoes with my Lucca. Missing him so much.
Thank you
Beautiful moments with my family
Come visit your home at 2086 Ridge Drive Brentwood Ca 90049 Prime location in Mountaingate Oasis! Situated within the prestigious 24-hour gated community of Brentwood, this home offers privacy and tranquility. Benefit from proximity to the Westside’s premier shopping, fine dining establishments, Getty Museum, hiking trails all the way to Temescal Canyon and scenic Parks, swift access to the 405 Freeway, and the intellectual vibrancy of UCLA. Contact me and make your dream a reality.
Open House this coming Sunday 10/15 from 2-5 pm submit your offers for your new home. Motivated sellers.
Open House Sunday 10-08 2-5 pm $2,499,000
2086 Ridge Drive Brentwood Ca 90049
So true!
Newly priced over $200,000 price reduction. Come visit your new home.
Your knowledgeable RE Agent Broker is here to help you. Serving Los Angeles Area.
This beautiful home went under contract after 7 days I listed. Brentwood beautiful home.
Regálate tiempo para cuidarte...para hacer las cosas que amas...para estar con las personas que amas.
Regálate tiempo para estar solo escuchando el silencio..para disfrutar de la belleza de la naturaleza para perderse en los paisajes de tu alma.
Regálate tiempo para jugar...tiempo para amar...tiempo para soñar...tiempo para vivir.
Y nunca olvides que....no hay persona más rica que alguien que tiene tiempo....."
* Antonio Curnetta *
Ready to sell or list your home, let me help you and I will negotiate for you.
Coming soon for sale April 1st. Call Angie Dominguez (818) 633-1077 for an appointment.
Happy seller, happy buyer and happy Agents. No worries this is sold but more coming.
Only 10 days on the market and we went into Pending for my client in
ValleyVillage
Click here to claim your Sponsored Listing.
Videos (show all)
Category
Contact the business
Telephone
Address
Tarzana, CA
91356
Opening Hours
Monday | 9am - 5pm |
Tuesday | 9am - 5pm |
Wednesday | 9am - 5pm |
Thursday | 9am - 5pm |
Friday | 9am - 5pm |
Saturday | 9am - 5pm |