Edgar E Navarro: Century21allstars

04/14/2026

My face hurts from smiling about this recommendation. :)

See more: https://www.realsatisfied.com/Edgar-Navarro

04/13/2026

Recommendations like this leave me overjoyed.

See more: https://www.realsatisfied.com/Edgar-Navarro

01/09/2026

Who wouldn’t be honored by a recommendation like this?

See more: https://www.realsatisfied.com/Edgar-Navarro

01/07/2026

This client testimonial simply made my day.

See more: https://www.realsatisfied.com/Edgar-Navarro

01/07/2026

Smiling from ear to ear as I read this wonderful recommendation.

See more: https://www.realsatisfied.com/Edgar-Navarro

01/07/2026

So appreciative of the opportunity to help one of my best friends since kindergarten purchase property. It brought me genuine joy to work alongside someone I’ve known for a lifetime. Grateful for the trust and the journey.

See more: https://www.realsatisfied.com/Edgar-Navarro

01/10/2024

2024 Market Predictions: Will Home Prices Drop?

What is the Market Currently Like?
Today's housing market is characterized by high prices, high interest rates, and low supply. While high prices are typically driven by strong demand, the current demand is somewhat normal. Inventory is still low, however, which allows sellers to retain higher prices. Since interest rates and home prices are high at the same time, many potential buyers are finding it difficult to afford a purchase.

Will Interest Rates Drop?
The Federal Reserve has steadily hiked interest rates since March 2022 in order to slow inflation. Interest rates held steady from July through December 2023, with mortgage rates dropping slightly, but what can we expect in 2024?

As inflation has improved in recent months and is projected to continue falling in the year ahead, the Federal Reserve has signaled that we could see several rates cuts in 2024. There is still a possibility of rate hikes, depending on inflation and other economic factors, but so far, the outlook is hopeful. Lower rates would make it more affordable to buy a home.

Will Home Prices Drop?
While home value appreciation is expected to slow down, it's not yet clear if home prices will decrease. Given recent trends, some areas may experience a price increase of around 3-4%, while others may see a drop of 1-2%. Prices are directly connected to housing inventory. Unless there is a considerable increase in inventory, home values will remain high.

Will Inventory Improve?
The number of homes on the market is still relatively low and is showing a declining trend compared to the same time last year. To reach a balanced market, around 5 to 6 months of supply needs to be available at a given time. The current inventory is only enough for a 3.4-month supply. It's believed that inventory levels will improve somewhat in 2024, which could help with home prices. However, it is likely that new home construction will not reach healthy levels until 2025.

All the above indicate that home prices are unlikely to drop significantly in 2024. Until we see any significant changes to interest rates, inventory levels, or home prices, it will remain mostly a seller’s market. The market can change quickly though, so if you’re ever curious about our local conditions or want to discuss how the latest market trends may affect you, reach out anytime.

04/05/2022

Great Investment opportunity with the best view of DTLA. These beautiful duplex in the heart of Lincon height would be an amazing addition to someones portfolio. The potential of these units are as amazing as the stunning views of downtown Los Angeles. Take this oportunity to buy in one of Los Angeles up and coming trading areas

04/05/2022

04/05/2022

Work-mode