Lifestyle
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San Gabriel Valley Mortgages Face Rising Pressure
[et_pb_section fb_built=”1″ _builder_version=”4.16″ global_colors_info=”{}”][et_pb_row _builder_version=”4.16″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″] Mortgage rates rose Monday after Japan signaled a possible interest rate hike. The move pushed global bond yields higher and lifted the average 30 year fixed rate by 9 basis points. The shift halted…
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Fed Rate Cut Brings Relief, Signals Caution
The Federal Reserve approved another interest rate cut in December, lowering borrowing costs while signaling it may pause further reductions as officials seek clearer economic signals in the months ahead. The Federal Open Market Committee voted to reduce the federal funds rate by 25 basis points, setting a new target range of 3.50 percent to…
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California Real Estate Activity Trends Shift
California’s latest housing snapshot shows a market holding steady while buyers and sellers adjust to year-end conditions. The California Association of REALTORS® report for the week ending December 6 highlights statewide real estate activity trends that reflect cooling momentum in some categories and modest lifts in others. Statewide Market Activity Closed sales averaged 481 per…
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San Gabriel Valley Real Estate Trends
The latest statewide report from the California Association of Realtors points to a market that keeps shifting as 2025 closes, and the San Gabriel Valley continues to feel the effects. The weekly snapshot, based on activity through Nov. 29, shows rising closed sales, slower escrow activity, and fewer new listings. These forces shape prices and…
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Shutdown Ends Now After Turmoil
The government shutdown ends after a 43 day halt that marked the longest federal closure in national history. The reopening last Wednesday restored operations across agencies that shape daily life in the San Gabriel Valley and across the country. The shutdown left 730000 federal employees without pay, stalled key programs, and disrupted services that many…
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San Gabriel Valley Foreclosures Show Rising Strain
Foreclosure activity across the country rose in October, and the San Gabriel Valley now faces the early signs of this shift. The latest ATTOM release reports 36,766 foreclosure filings nationwide, marking a 3 percent rise from September and a 19 percent increase from October last year. The trend positions San Gabriel Valley foreclosures within a…
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This Week in Real Estate
The San Gabriel Valley housing market held steady this week, reflecting the state’s broader slowdown but maintaining consistent local activity. According to the California Association of Realtors, for the week ending Nov. 8, agents across California averaged 485 daily closed home sales, alongside 512 new pending sales and 568 new listings. The numbers suggest a…
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Pending Home Sales Hold Steady in September
Pending home sales remained unchanged in September as modest regional gains offset declines elsewhere, reflecting the continued impact of affordability pressures on the national housing market, according to the National Association of REALTORS®. Mixed results across regions Nationwide, contract signings fell 0.9% compared with September 2024, showing no month-over-month growth. Activity rose 3.1% in the…
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Rate Cuts Set Up Consumer Confidence
Consumer confidence declined again in October, but recent moves by the Federal Reserve to lower interest rates could help stabilize household sentiment and strengthen economic momentum heading into 2026, according to the latest report from the Conference Board. Confidence dips, but recovery signs emerge The consumer confidence index fell to 94.6, marking a third consecutive…
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Cooling Inflation Brings Relief Across San Gabriel Valley
The latest inflation report brought cautious relief to local families and businesses, showing consumer prices rose less than expected in September. The delayed Consumer Price Index from the U.S. Bureau of Labor Statistics reported a 0.31 percent monthly gain and a 3 percent increase compared with a year earlier, both softer than economists forecast. The…