One Good Thing About Higher Rates?

One Good Thing About Higher Rates?



All days are good days in my books. Each day is a very rare and special gift. Every day that concludes is a day you will never have again. Don't ever waste a good thing...

One good thing about higher rates? They may be acting as a disguised form of economic stimulus. Baby boomers and retirees—and many others—have (MUCH) more income from their cash and bonds. This has also fueled spending. Imagine a retiree with $1 million earning 2% in interest versus 5% in an economy reliant on consumer spending. I would bet this impacted the US' GDP numbers and helped prevent a recession.

Can you even believe that before 1974, women often were not permitted to obtain a mortgage without a male cosigner. The Equal Credit Opportunity Act (ECOA) of 1974 was a turning point for women in America and their financial futures. Before the ECOA, women generally could not take out loans without a male co-signer, and lenders often saddled female borrowers with higher interest rates and larger down payment requirements. We have come a long way! Today, women actually outpace men in homeownership. Of all careers, real estate brokerage has allowed women to soar! Many of the world's leading agents are women. We should celebrate these enormous strides toward full male-female equality! (Bankrate)
In 2014, the total net worth of US households was $82.6 trillion. Today, it has nearly doubled to $151 Trillion, up from $117 trillion at the end of 2019 prior to COVID-19. By the end of 2020, the first year of the COVID surge, net worth had escalated to $131 trillion, up almost 12% in one year! Much of that has to do with rising home values and equity gains. (Fortune)

A new demographic has emerged...the PAP. The Post Achievement Professional. They have achieved enormous success and then choose to focus on doing the things they love doing, with money a secondary consideration, if at all. (WSJ)

Silicon Valley reports that in February, the Silicon Valley housing market saw remarkable activity, with at least 28 properties selling for $200,000 or more above their list prices. 50% of these transactions soared $400,000 or more over the asking price. One listing went $872,000 above its listed price! 

America is running out of power due to AI Data centers. Artificial intelligence, data centers, and the boom in clean-tech manufacturing are pushing America's aging power grid to the brink. (Washington Post)


CA Home Sales Uptick 6%
Based on new data from the California Association of Realtors, the State of California existing home sales rebounded in January 2024 to the highest level in six months as mortgage rates pulled back sharply at the end of 2023. "It's encouraging to see California's housing market kick off the year with positive sales growth in January," said C.A.R. President Melanie Barker. "While we'll likely experience some ups and downs in home sales in the coming months as rates continue to fluctuate, the lending environment is expected to be more favorable in 2024, so the market should see more pent-up demand translate into sales."

Dough & Arrow
For everyone who claims their sweet tooth cannot be satisfied, you must try Dough & Arrow! This cookie laboratory reimagines traditional baked goods. From innovative flavors like Korean Corn Dog and Grown Up Chocolate Chip to a line of edible cookie doughs, Dough & Arrow never fails to pleasantly surprise their loyal fan base. Their creme brulee cookie was rated best cookie by several publications, and it lives up to the hype. Sink your teeth into a crispy brown sugar exterior and creme-filled center.
Check it out...

SoCo and the OC Mix

SoCo and the OC Mix is Costa Mesa’s one-stop shop for home styling, artisan goods and a selection of tasty curated bites. From must-have decor to hot, new restaurants, the OC Mix is a tempting errand any day of the week. On Saturdays, shop in the sunshine and pick up local honey, freshly baked bread and Brothers Mix Dip. SoCo’s market is one of the best things to do in Costa Mesa if you love fresh food and a little retail therapy.
Check it out...

7 Renos That May be Tax Deductible
If you renovated your home in 2023 and promised yourself you won’t leave taxes until the last minute this year, we’re highlighting seven types of upgrades, from new windows to replacing old pipes in a historic home, that could net you money back.
Check it out...

I'm always watching income opportunities in our coastal neighborhoods. Income opportunities are real estate assets that can provide a revenue stream or be enjoyed as an owner-user while bringing in additional income! A long-term play and a way to transfer family wealth, you can also benefit from deferring capital gains under a 1031 exchange.
If you have any questions or would like to explore, please reach out.

Situated on an oversized 53’ lot and highlighting a very spacious backyard, 108 Via Undine epitomizes coastal living. The open floor plan features 4 bedrooms, 4.5 bathrooms, a private office, an upstairs bonus room, a 3-car garage, and a casita with a separate entry. Designed for modern living and offering energy-efficient features, this relaxed home embraces indoor-outdoor living. 

108 Via Undine | Lido Isle

4 BD
4.5 BA


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COMPASS · 520 Newport Center Dr., #330 · Newport Beach, California 92660 · USA

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Leslie Thompson's detailed approach and dedication are unsurpassed. Clients depend on her personalized service and recognize that her innate skills consistently deliver exceptional results. Whether you're looking to buy or sell, Leslie looks forward to helping you reach your real estate goals with utmost care.

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