February 1st, 2016 at 10:00 am
The good news: Adjustables are low and it’s a seller’s market
The Federal Reserve Bank’s decision to raise its benchmark interest rate by .25 percent has been the talk of the financial and real estate world since it was announced last Dec. 16.
To gain some insight, we asked David M. Cabot, our President and CEO, for his take on the situation.
Q: Why did the Federal Reserve Bank raise the rate?
A: The Fed was waiting for the economy to be stronger, and they believe it is now. The rate determines what the banks pay to borrow money from the Fed. But the banks can set their own rates for consumers, and they do. This is the first rate increase in seven years.
It’s interesting that they made a decision to do it now because they’ve been wanting to for over a year. I’m not an economist, but 2 percent economic growth is very, very modest. If we were growing at 3 or 4 percent, an interest rate hike would be a welcome thing in the business world. But at 2 percent, we’re not really certain. If we don’t start at a point where we have some growth, we’re never going to get above zero. It’s probably a wise thing from a macroeconomic point of view.
January 19th, 2016 at 10:00 am
For the 19th year in a row, our brokerage has outperformed the competition and made it to No. 1 in the Top Residential Real Estate Companies category in the San Diego Business Journal’s Book of Lists for 2016, based on local sales volume.
The Book is an exclusive compilation of 84 lists containing data for San Diego County’s leading businesses. Sixty-one percent of San Diego Business Journal subscribers refer to the Book of Lists at least once a month throughout the year.
December 8th, 2015 at 10:00 am
Shakespeare himself would feel right at home in this thoroughly modern English country estate, complete with its own pub, billiards parlor, and wood-paneled library. The Bard could even take time off from penning his soliloquies in the study to relax in the resort-style pool and spa. (more…)
December 4th, 2015 at 2:30 pm
Just a few blocks from the heart of the village of Rancho Santa Fe, you will find a sophisticated and elegant family compound that formerly was owned by the late Glen Bell Jr., founder of Taco Bell. The private property has two California-classic homes on the resort-like grounds. (more…)
December 2nd, 2015 at 2:30 pm
As residents of Southern California, we are blessed with good weather all year long. This is not the case for many other places throughout the country. That’s why when the temperatures drop each year, Southern California looks like the perfect vacation destination.
Those of us who have friends and relatives visiting know that the holidays are a popular time of year. It can be somewhat stressful deciding what to do and where to go when the loved ones flock to your home. That’s why we’ve outlined some of the very best places to visit, eat, and shop in Los Angeles, Orange, and San Diego counties.