Joseph Rudd Realty

What a strange market we are in. We have seen so much happen in the past 8 months. Unemployment had reached a high back in May here in California capping out at 15.5%. COVID-19 and uncertainty in the economy, slowed down the real estate market briefly. With interest rates continuing to fall, this gave buyers incentive to jump in and take a chance in an uncertain market. Our current unemployment numbers have fallen to 7% and the housing market continues to get stronger. ... Low inventory has been driving prices up, due to supply and demand. Currently we see an uptick in home loan applications. During this time of year we typically see a slowdown, however demand has been growing. During the week ending November 7th, the number of closed sales was 13.7% higher than it was during the first week of November 2019. That is the 8th consecutive week in double-digit sales growth and the market remains competitive. The percentage of sales that closed below list price, fell last week in all 5 of California’s major regions and in the balance of the state. For information on buying/selling real estate here in the Los Angeles and surrounding area, give me a call/text at (818) 605-7732 or email me at [email protected] See more

The housing market continues to soar here in Southern California. Prediction for the last quarter will be consumers will make a last rush to sell and purchase. People who have been on the fence, whether looking to buy or sell, have noticed that the current market atmosphere has been strong for a long time and doesn’t seem to be changing and now is the time to make a move. Buyers have accepted that home prices are not going anywhere and if they do go up or down taking advan...tage of today’s interest rate will help to absorb the high price tag of homes. Sellers with the same outlook are seeing that home values are so strong that they are taking their money and running across the border to other states where their dollars go further. More retirees are decided to move either to Oregon, Arizona, Texas and even Utah. In March when the COVID-19 first starting becoming newsworthy and the pandemic started to set in, we saw a drop in inventory of 26.25% from year over year. April’s year over year numbers was a staggering drop of 46.88% in inventory. Since April inventory has been steadily climbing. Measures have been put in place to sell homes during COVID-19 times, which has instilled confidence in sellers, giving them a sense of security to protect them from the virus. Buyers have also been able to take notice of these safety measures, be willing to take action, get out, view and purchase homes. We are coming into the home stretch with 2 moths left on the year. The holiday season is fast approaching. People always ask me if this is the slow season for people buying and selling. Being that we live in Southern California we have a year round season. Less people tend to sell or buy during these last 2 months of the year due to the holiday season. However I have found that activity for sales during this time of year remain strong, so if you have to make a move this time is as good as any. For more information on buying or selling, give me a call/text at (818) 605-7732 or email to [email protected]

What’s on the 2020 Ballot regarding the real estate market in California? There are 3 propositions on the ballot that are important to take a look at. Proposition 15: INCREASES FUNDING SOURCES FOR PUBLIC SCHOOLS, AND LOCAL GOVERNMENT SERVICES BY CHANGING TAX ASSESSMENT OF COMMERCIAL AND INDUSTRIAL PROPERTY. INITIATIVE CONSTITUTIONAL AMENDMENT. WHAT YOUR VOTE MEANS...Continue reading

2 bedroom 2 bathroom sold over asking price, and a glowing review! :-) If you are looking to make a move in the near furture, give me a call to set an appointment to view your home for a hassle free no pressure consultation. You can reach me at (818) 605-7732 or [email protected] It is always an honor to recieve a review from my clients whether representing them on the buying or selling side. I am humbled to have a seller take the time to write a review. Review below!... Working with Joe Rudd to sell our family home of 60 years was the best experience possible, from beginning to end. Joe was one of two realtors who had checked in with my mom over the years in case she ever decided to sell her home, so when the time came, we contacted both realtors. Joe stood out right away, with his professionalism and responsiveness. He went to work immediately, before we even signed with him. answering all of our questions, giving us the benefit of all his experience and knowledge as to the market, what we could expect and the best way to get our mom top dollar for her lifelong home. From the minute we met Joe, he was available via text, email, phone and in-person, and really seemed to work constantly to keep us on track and updated, and that continued during every phase, from getting the house on the market, to showing the house and getting the offers, to the final sale and close of escrow and all follow up. Within two months of meeting Joe, we've sold my mom's house for more than we had ever hoped in a process that he made unbelievably easy, and the whole time, he made us feel like we were his only client. We give Joe our highest recommendation!

Pandemic isn’t slowing the Southern California housing market down. We have seen home values continue to rise and buyers lining up to purchase. Back when the coronavirus first appeared on the scene in late March/April we had a slowdown in sales as people were on a wait and see what happens attitude. Come June/July the market started to take off again and with interest rates falling this gave buyers motivation to get out there to buy. Inventory has been low in Southern Ca...lifornia for years, with inventory tightening due to the coronavirus, this helped homeowners to maximize on home value. People who either had to sell, move out of state or looking to move up to take advantage of today’s market were given an opportunity to take advantage to get top dollar for their home. The six-county region’s median price reached $600,000 in August, up 12.1% from a year earlier, according to data released Wednesday by DQNews. That was the largest percentage increase since 2014 and the third consecutive month during which prices set a new all-time high. Sales rose 2.4% from a year earlier. You may ask the question how is this and why? The answer to this question is twofold. One reason is that people who are in the middle class have been able to save more money during the pandemic because they don’t go out as much. Another reason is that interest rates have fallen to under 3% giving buyers an opportunity to qualify for more and continue to have a mortgage payment that is within their budget. Rents in SoCal are not cheap, so taking advantage of homeownership has become a logical reason for people to want to own rather than continue to pay rent that is not taking them anywhere. If you are interested in finding out more on how I can maximize your sale of your home (getting you the most money) or how I can have you be the winning bidder (buyer) in a competitive market, give Joe Rudd a call/text at (818) 605-7732, email [email protected] See more