Realtor Adam Rosenthal

This is just too funny...

Finished the week off strong. The best part of my job is handing keys to my clients. Closed 2 escrows this week. One new first time home buyer and one new client upgrading and moving into a larger home. Do you know someone looking to buy or sell? Give me a call! #RealtorLife #Realtor #BuyersAgent #ListingAgent #SanFernandoValley #Reseda #Tarzana #WestHills #SantaClarita #Redfin #AgentAdam ... Adam Rosenthal Redfin 8185715105 CalDRE 02040950

Happy Memorial Day from my family to yours! #RealtorLife #Realtor #BuyersAgent #ListingAgent #SanFernandoValley #Reseda #Tarzana #WestHills #SantaClarita #AgentAdam Adam Rosenthal ... Redfin 8185715105 CalDRE 02040950 See more

Do you know someone looking to buy or sell in this market? Give me a call! Adam Rosenthal Cal DRE 02040950 818-571-5105... Redfin Corporation [email protected] See more

What’s going on in the market: Homes in the San Fernando Valley are still being bought and sold. Homes that are really nice and show well are still being bought with multiple offers about asking price. The major difference is that the buyers out now are serious buyers and multiple offers might only mean 2-3 offers vs 8-9 offers like previously. Home-buying demand has recovered and is now in growth mode; it’s 16.5% higher than it was in January and February, even after accoun...ting for the usual increase in demand during the spring. Mortgage rates are near historic lows with 30-year fixed rate mortgages averaging in the low to mid 3's and 15-year mortgages around 2.875%. This will likely increase buyer competition and drive up prices this summer. This will likely increase buyer competition and drive up prices this summer. More new listings hit the market in the seven days ending on May 15 than any time since the end of March as some sellers gain confidence they can sell their home successfully. Despite the increase in new listings, a serious shortage of homes for sale is brewing with inventory down 23% compared to last year. In April, more than one in four homes sold in the first two weeks on the market. Prices are up 6% compared to this time last year, which is similar to the increases we saw in February before the pandemic hit

Great way to end the week last week and start a new week. I opened up 2 escrows last week, which means I got 2 accepted offers. With everything that is going on in this world Real Estate is still pretty strong out here. Yesterday, I wrote 2 more offers for different clients. Let's see how this weekend closes out.