🏡 Peter's Real Estate Newsletter

Peter's

Real Estate

Newsletter

May 2024

Hello everyone!

I've been getting a lot questions about when mortgage interest rates will go down... I'm no Nostradamus, but based on the economic data from this year, and the Fed's reactions to this data, it appears that interest rates may be staying around the current rates at least through Summer/Fall. We're looking at Q4 of this year as a target for inflation to get under control, so the Fed can start lowering the Federal Funds rate, which will likely have a similar effect on mortgage interest rates.

Nonetheless, it's actually a preferable time to buy right now, because once interest rates start going down again, with inventory at the current lows, we're expecting prices to start going up significantly again.

Let me know if there's anything I can do to help you buy, sell, or invest in real estate!

Peter

424-239-9317

What's On the Market?

Local Spotlight

20210 Anza Ave, Torrance

At this point you would think that the Bubble Tea market is a bit oversaturated here in the South Bay, but somehow new boba places keep popping up, and a lot of them seem to be doing pretty well! We checked out Amai Tea and Cafe a couple weeks ago and I appreciated their variety and Vietnamese tea options. They have all the standards (I like to keep it boring with the normal boba milk tea), as well as the more extravagant drinks (Cookies and Cream Blend, Milky Way Strawberry) that were a great treat for the kids after some intense basketball games. Check them out sometime if you're in Torrance!

Peter's Playlist 🎶

Promise (1985)

Sade

I've seen three properties in the last month which prominently featured photographs and paintings of Sade, which, although AWESOME seems somewhat unlikely, but since Sade is one of my favorite artists of all time, I took it as a sign that I need to highlight her on this month's newsletter! The interesting thing about Sade is that many musicians who have a hearty distaste for any musical genre with "smooth" in it, still love and appreciate Sade's music, despite it being dangerously close to both the "smooth jazz" and "smooth R&B" genres. To me, there's just something essentially soulful, passionate, and unique about her music that transcends genre. You've undoubtedly heard all of her major hits on every easy-listening radio station or elevator ride ever, but check out her second album, "Promise," for a deeper dive into everything that makes Sade iconic and still relevant for modern listeners!

Thank you for your support and I look forward to working with you soon!

-Peter

Peter Lim - Realtor

Abundance Real Estate - Beverly Hills

424-239-9317 / peterlimrealty@gmail.com

www.peterlimrealty.com

DRE #02123642

Not intended as a solicitation for business if your property is currently listed with another broker.