|
|
* Federal Reserve Chair Jerome Powell delivered a significant speech at the Jackson Hole symposium, where he diagnosed high inflation as primarily stemming from supply-side disruptions related to the pandemic and the Russian invasion of Ukraine. Critics of the Fed’s "higher for longer" interest rate policy, believe Powell's analysis is spot on.
More importantly, Powell signaled that the Fed is likely to begin cutting rates at their September meeting, which comes as a relief to many. CORE inflation was 1.8% in 2019, and is currently down to 2.6%, closer to the Fed’s 2% target. The unemployment rate was 3.6% in 2019, and its currently 4.3%. Last week’s BLS news put the nail in the coffin, confirming weakness in the labor market after 818,000 jobs created disappeared from the count. The Fed is in perfect position for a cut.
* All-cash offers made up 27% of July sales, up from 26% the year before and far higher than the historical norm. (CNBC)
* Gen Xers are worse off financially than their baby boomer predecessors. The median household net worth of Gen Xers between 45 and 54 years old was about $250,000 in 2022, about 7% lower than that of baby boomers at the same age in 2007. The oldest Gen Xers are about to turn 60 next year. Gen X is the first generation to almost fully experience both parents working and being responsible for their retirement. About 72% of Gen Xers own a home.
If you are thinking of making a move give me a call...who you work with matters!
|
|
|
|
|
|
|
|
|
|
|
5 Bed | 4 Bath | 2,565 Sq Ft | $10,500,000 | Compass Listing
|
|
Experience the rare opportunity to call this stunning lakefront property on the iconic West Shore your own. Situated on a one-of-a-kind .83-acre lot with 130 feet of lake frontage, this 5 bedroom, 4 bathroom property stuns with its unobstructed lake views and a tranquil, level setting, making it a truly exceptional find. Boating enthusiasts will delight in the shared boathouse with a lift, buoy, and expansive sundeck, providing the perfect spot for enjoying summer days on the water. On the market for the first time, this home boasts ample space for both comfortable living and entertaining, spread across a 4 bedroom, 3 bathroom main house and a 1 bedroom, 1 bathroom separate sleeping area. The property also features a one-car garage, and the potential for expansion offers endless possibilities. Conveniently located just steps from the Homewood ski area, this property serves as a perfect year-round retreat for those seeking all-season adventure. This unparalleled lakefront retreat is ready to be transformed into your dream home, offering the perfect setting for creating lasting memories.
|
|
|
|
|
|
|
|
|
6 Bed | 4 Bath | 6,600 Sq Ft | $7,980,000 | Compass Listing
|
|
|
|
|
|
|
Set on approximately 18 mostly level, fully fenced acres with stunning ocean views, this coastal retreat custom built in 2008, boasts a contemporary design blending natural elements with modern sophistication. Walls of steel-framed glass reaching soaring of up to 23 feet showcase the ocean panorama, complemented by a two-story solarium with indoor swimming with underwater channel to the outdoor lap pool. The predominantly single-level home comprises 6 bedrooms, 4 baths, large pantry, mudroom, attached 2 car garage, additional lofts and a luxurious ocean-view suite. Practical amenities include a backup generator, dual redundant septic system, garden beds, orchard, chicken coop, and a large barn for machinery and entertainment. Onsite well, and valuable 14 acre water rights included.
|
|
|
|
|
|
|
|
|
4 Bed | 4.5 Baths | 4,507 Sq Ft | $13,900,000 | Compass Listing
|
|
|
|
|
|
|
Completely reimagined just three years ago, this stunning single-level home in Newport Beach’s exclusive guard-gated enclave of Big Canyon showcases a magazine-worthy contemporary design that is destined to stand the test of time. An elevated cul-de-sac homesite of nearly 18,900 square feet offers city-light views and uncompromising privacy. Enjoy extravagant outdoor entertainment and simple evenings at home in a backyard that reveals a resort-style pool and spa with connecting waterfall, a heated patio, and a fabulous pavilion with complete outdoor kitchen. Lifelike turf and mature landscaping grace outdoor areas that embellish the home’s exterior, which displays a newer standing-seam metal roof with solar-panel array. Preferred living easily continues indoors, where four bedrooms and four-and one-half baths ensure comfort for residents and guests alike in approximately 4,495 square feet. Every bedroom opens to the outdoors, including a lavish primary suite with boutique-style walk-in closet and a lux bath with freestanding tub. Even the home’s three-car garage is in a league of its own, complete with a high ceiling and car lift for the serious collector. The private golf course community of Big Canyon is renowned for its location. The theaters, restaurants and high-end shops of Fashion Island are just across the street, and beaches, golf courses, Newport Harbor, Balboa Island and Corona del Mar are merely minutes from home.
|
|
|
|
|
|
|
| |
|
|
|
|
Compass is a real estate broker licensed by the State of California operating under multiple entities. License Numbers 01991628, 1527235, 1527365, 1356742, 1443761, 1997075, 1935359, 1961027, 1842987, 1869607, 1866771, 1527205, 1079009, 1272467. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
|
|
|
|
|
|
|
