Oakwood Holdings, Inc.

After much anticipation the rate cut came in September …and mortgage rates did not change much. The reason for this? Many lenders were projecting a rate cut weeks prior to the Fed's rate cut and begun to adjust the mortgage rates in the weeks leading up to the Fed's decision. Coincidentally, mortgage rates have begun to go back up every week in October. As for the SoCal market, single-family home sales decreased in SoCal for the 2nd straight month. A combination of economic and social factors have played into this decrease, as people wait to see what will happen with the election, as well as the anticipated additional rate cuts. Here's September 2024's single-family home sales breakdown: - Total Sales decreased -12% month-over-month. - Median Sold Home Prices ($898K) dipped by -5%. - 30 Year Mortgage Rates decreased to 6.18% on average for the month. - Median days on the market increased to 28 days from 26 in August. What are you seeing in your area? Leave a comment! Please don't hesitate to share this post with anyone that would find this information valuable. #ratecut #realestate #southerncalifornia #socal #escrow #mortgagerates #interestrates #realtors #listings #losangeles #orangecounty #sandiego #riverside #sanbernardino #ventura #forsale

We couldn’t be happier to share this amazing news!

Exciting news!

Here comes the rate cut! For the first time since 2020, the Fed cut rates today by half a percentage point. The cut is an aggressive one, as many experts had predicted the rates would only be cut by a quarter percentage. The mortgage rates had already begun to adjust in recent weeks, as it seemed like many potential homebuyers were anticipating a cut and were playing the waiting game. This plus other economic factors caused sales to decrease in the SoCal region in August. Here's August 2024's single-family home sales breakdown: - Total Sales decreased -8% month-over-month. - Median Sold Home Prices ($947K) dipped by -1%. - 30 Year Mortgage Rates decreased to 6.5% on average for the month. - Median days on the market increased to 26 days from 23 in July. How do you think the Fed's rate cut will impact the SoCal market? Leave a comment! Please don't hesitate to share this post with anyone that would find this information valuable. #fed #ratecut #rate #realestate #southerncalifornia #socal #escrow #mortgagerates #interestrates #realtors #listings #losangeles #orangecounty #sandiego #riverside #sanbernardino #ventura #forsale #jeromepowell #powell

Cathia & her team are constantly exceeding expectations for their clients! #oakwoodescrow #realestate #marketing #buyers #sellers #homeowners

After the unexpected dip in SoCal home sales for the month of June, it was good to see the market bounce back in July. With the anticipated rate drop coming in September, rates have already begun to adjust. The rise in inventory paired with stable home prices brings positive news for increased market activity. Here's July 2024's single-family home sales breakdown: - Total Sales increased 8% month-over-month. - Median Sold Home Prices ($956K) stayed at record levels. - 30 Year Mortgage Rates decreased to 6.85% on average for the month. - Median days on the market remained the same as June with 23 days. What trends are you seeing in your local market? Leave a comment, I'd love all input. Please share this post with anyone that would find this information valuable. #realestate #southerncalifornia #socal #escrow #mortgagerates #interestrates #realtors #listings #losangeles #orangecounty #sandiego #riverside #sanbernardino #ventura #forsale

We are absolutely thrilled to welcome Angela Perry to the Oakwood Escrow Family! 🌟 Angela brings 🌟 🏡 33 years of escrow experience 🏆️ Exceptional customer service 📚️ Diverse Escrow Expertise 🔍️Meticulous detail and problem solver You can contact her at: 858-324-1714 aperry@oakwoodescrow.com

Hoping for a rate cut from the Fed? Us too... Many experts predicted multiple rate cuts this year, but the reality has been different so far. While SoCal is seeing a return to pre-covid trends and increased inventory, many roadblocks remain for new homebuyers. Here's May 2024's Single-Family Home sales breakdown: - Total Sales increased by 7% month-over-month. - Median Sold Home Prices held steady at a record $928K. - 30 Year U.S. Mortgage Rates averaged 7.06% for the month. - Homes are moving even quicker from listing to pending at an average of 21 days. Let’s connect if you’d like more detailed insights on your County or City’s performance. Feel free to share with those who might find this information valuable. #realestate #southerncalifornia #socal #escrow #mortgagerates #interestrates #realtors #listings #losangeles #orangecounty #sandiego #riverside #sanbernardino #ventura #forsale

Have you seen the latest trends in the SoCal Real Estate market? Here's the breakdown for Single-Family Homes sold in April 2024: - Total Sales saw an 8% increase month-over-month. - Median Home Prices rose by 2% compared to March 2024. - 30 Year U.S. Mortgage Rates experienced a slight uptick to 6.99%. - Listed homes are moving from listing to pending in an average of 23 days. Interested in how your County or City fared? Let's connect, and I'd be happy to provide you with those details. #realestate #southerncalifornia #socal #escrow #mortgagerates #interestrates #realtors #listings #losangeles #orangecounty #sandiego #riverside #sanbernardino #ventura #forsale