Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Looking to up your real estate game? Join us on Nov 19th, 11am-3pm, at Sunnyvale, CA for 'Bay Area Real Estate Connect.' It's where experts dive into every aspect of real estate. Network, learn, and participate in insightful Q&A sessions. See you there! Register for it now by visiting: www.nagarajhomes.com/
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What kind of videos do you want me to do the most？
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1031 exchange - What is and how does it work ?
YouTube live on 26th December , 2022 at 7:30 am.
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Finally, some good news about inflation and mortgage rates!
The Consumer Price Index came in lower than expected.
Fed rate hikes are beginning to work.
Inflation is easing.
Mortgage interest rates are down 0.5% in the last week.
Rates touching 7% fell to mid-low 6's for a 30-year fixed.
To Buyers on the sidelines:
Properties are sitting.
Make a competitive offer below ask price.
Negotiate closing costs.
Have loan, inspection and appraisal contingencies.
Do your due diligence during a normal escrow period.
I believe we will see a rate pull back next year, and remember, you can always refinance the mortgage.
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Mortgage rates could hit 10%. Video coming up at 11AM.
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Yesterday, the Federal Reserve locked in another 0.75% interest rate hike.
The short-term borrowing rate is now at a target range of 3.75% - 4%, the highest level since January 2008.
This is the Fed's fourth consecutive 75 basis point increase. The news was expected, but investors were eagerly awaiting the Fed's future plans.
The plan: Unfortunately for the markets, the Fed's new statement expanded on its previous language - saying that “ongoing increases in the target range will be appropriate."
Stocks fell after Fed Chair Jerome Powell dismissed the idea that the Fed may be pausing interest rate hikes soon.
Markets have been rallying in anticipation that the Fed soon might start to ease back as worries grow over the longer-term impact of higher rates.
Stronger Than Expected
The job market remains stronger than expected despite ongoing recession fears and mass layoffs in the tech industry.
Companies added 239,000 positions in October (more than expected).
Wages overall rose 7.7% from a year ago.
The Federal Reserve has been raising interest rates to try and cool inflation. It wants to loosen up the historically tight labor market where job openings outnumber available workers by a 2-to-1 margin.
The details: While the headline job numbers were strong, the details weren't as pleasant. The number of construction jobs, professional services jobs, and financial activity jobs showed losses.
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What's your pick? 💼
Do you prefer in-person, remote, or hybrid work?
What works better for you and why? Tell us in the comments!
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Register for free The Bay Area Real Estate Connect event in Sunnyvale on November 19th , 2022.
Registration at www.nagarajhomes.com
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I am organising a major real estate event in the Bay Area around the middle of November. Perfect for home owners, home buyers, realtors, architects, construction companies, property developers and allied fields. Watch this space for more info soon.
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If you love real estate investing tips (as my recent survey showed), here is a playlist of all the videos I have done on this topic. Binge watch, like, comment, and share!
youtube.com/playlist?list=PLi...
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#desirealtor #bayareadesirealtor
Embark on your real estate journey in the Bay Area with Nagaraj Annaiah, an adept Indian American realtor specializing in real estate development across Bay Area, including Santa Clara. Stay informed about the dynamic trends in the US real estate market and uncover the ideal property. Gain invaluable insights into the Bay Area's real estate market and mortgage scene while receiving tailored support for your real estate investing requirements. Subscribe for
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