As of May 2023, the United States economy continues to recover from the impacts of the COVID-19 pandemic. The economy has experienced growth and expansion, with GDP reaching pre-pandemic levels by the end of 2022. However, there are still areas of concern that could affect the economy's trajectory in the coming months. The unemployment rate has declined steadily since the height of the p...

• calendar_month May 1, 2023
• category Economy
• post Altadena, Burbank, Glendale, La Canada, La Crescenta, Los Angeles, RosaPenaRealty.com, Toluca Lake, Valley Village, Valley Villlage, ventura

Los Angeles, known for its glitz, glamour, and thriving entertainment industry, has long been a sought-after destination for homeowners and investors. The real estate market in the City of Angels has experienced its fair share of ups and downs over the years. Still, as we delve into the current state of the market in May 2023, it becomes evident that it remains resilient and full of potential. ...

• calendar_month May 30, 2023
• category Economy
• post Altadena, Burbank, Glendale, La Canada, La Crescenta, Lake Balboa, Los Angeles, Montrose, Rosa Pena Real Estate, RosaPenaRealty.com, Santa Clarita, Toluca Lake, Valley Village, ventura

Introduction: In recent years, millennials have been making waves in various industries, and the real estate market is no exception. With changing trends, economic stability, and increasing buying power, millennials are becoming significant in the housing market. In this blog, we delve into the phenomenon of millennials buying real estate in Los Angeles, California, in 2023. Let's explore t...

• calendar_month May 31, 2023
• category Economy
• post Altadena, Burbank, Glendale, La Canada, La Crescenta, Lake Balboa, Los Angeles, Montrose, RosaPenaRealty.com, Santa Clarita, Toluca Lake, Valley Village

Introduction: The Los Angeles real estate market, has always been highly sought after, and while it's true that current interest rates may be higher than in previous years, now is still an excellent time to invest in property. In this blog post, we will discuss why purchasing real estate in Los Angeles remains a smart decision, despite higher interest rates. Strong Demand and ...

• calendar_month June 14, 2023
• category Economy
• post Altadena, Burbank, Buyer, Glendale, House, La Canada, La Crescenta, Lake Balboa, Listing Agent, Los Angeles, Montrose, Professional, Rosa Pena Realty, Santa Clarita, Toluca Lake, Valley Village, ventura

Introduction The real estate market in Los Angeles has always been an enticing landscape for property investors, aspiring homeowners, and speculators alike. However, in recent times, the city has been grappling with a significant shortage of available inventory, leaving many wondering why people are still flocking to buy properties despite the scarcity. In this blog, we will explore the reas...

• calendar_month July 25, 2023
• category Economy
• post Altadena, Burbank, Glendale, Glendale Real Estate, La Canada, La Crescenta, Lake Balboa, Los Angeles, Montrose, Santa Clarita, Toluca Lake, Valley Village

Introduction The year 2023 has brought a whirlwind of economic changes, with one of the most significant factors being interest rates. As we delve into the intricacies of interest rates and their impact on the real estate market, it's crucial to understand how these forces are shaping the future of property investment. Interest Rates in 2023 Interest rates are a crucial driver of e...

• calendar_month September 13, 2023
• category Economy
• post Glendale California Real Estate Agent, RealEstateGlendaleCalifornia, Rosa Pena Real Estate, Rosa Pena Realty, RosaPenaRealty.com

California has long been known for its vibrant real estate market, characterized by soaring prices and competitive bidding wars. However, the dynamics of this market could be on the cusp of significant change if interest rates begin to drop. In this blog, we'll explore the potential implications of declining interest rates on California's real estate market and what buyers might expect ...

• calendar_month September 25, 2023
• category Economy
• post Altadena, Burbank, Buyer, Culver City, Glendale, Glendale California Real Estate Agent, Glendale Real Estate, La Canada, La Crescenta, Lake Balboa, Listing Agent, Los Angeles, RealEstateGlendale, RealEstateGlendaleCalifornia, Rosa Pena Real Estate, Rosa Pena Realty, RosaPenaRealty.com, Santa Clarita, Toluca Lake, Valley Village, ventura