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Newsletter #016-2024
Issue #16 Published March 15, 2024
Mortgage rates tumble for the second week in a row
The latest data from the Mortgage Bankers Association reveals a significant surge in home-purchase applications as mortgage rates dip below 7% for the first time in over a month. The 7.1% jump in the mortgage applications index signals renewed interest in the housing market. The average rate on a 30-year loan dropped to 6.87%, influenced by economic data indicating a weaker service sector and job market. Homebuyers are responding positively to the declining rates, with a 5% increase in applications for home purchases. Additionally, there's a 12% rise in refinancing applications. While the recent percentage increases are substantial, overall refinance activity remains relatively low. As the interest rate-sensitive housing market adjusts to these changes, economists predict a gradual decline in mortgage rates in the coming months, providing some relief to buyers amidst rising home prices.
311 N Ave 59
Los Angeles, CA 90042
Embrace the opportunity to secure a distinctive investment in the sought-after Highland Park neighborhood! This multi-family residence, boasting four one-bedroom, one-bath units, is strategically located in a rapidly expanding neighborhood. Revel in subtle yet delightful views, complementing the property's appeal. Positioned near the dynamic York Retail Corridor, Highland Park Station, Downtown Los Angeles, South Pasadena, and the San Gabriel Valley, it ensures convenient access to urban amenities. Enjoy proximity to green spaces like the Highland Park Recreation Center and the Historic Southwest Museum, creating a perfect balance of urban and natural attractions. With easy access to the 110 freeway, this property promises not only a valuable real estate investment but also a gateway to a thriving and dynamic community. Seize this exceptional opportunity, make a prudent investment in your future, and become a part of the vibrant Garvanza neighborhood. Located in the Garvanza HPOZ.
Property Features:
- 4 Units
- 4 Bedrooms & 4 Baths
- 3,380 Square Ft
Don’t miss this amazing opportunities.
Maciel’s Plant Butcher
"Combining her expertise in nutrition, dedication to health, and love for animals, Maciel is launching a plant-based butcher and deli, inspired by her Mexican roots. With degrees in Nutrition and Health Sciences, including a PhD in Medical Sciences, her passion for wholesome living is evident. Having honed her skills in plant-based cuisine over the years, Maciel's venture is set to flourish in Highland Park, an ideal locale known for its Latino community and vegan-friendly atmosphere. Her upbringing in Durango, Mexico, alongside environmentally-conscious parents, instilled in her a deep appreciation for healthy, sustainable living. Now, she's eager to share her expertise and culinary creations with the neighborhood, offering a diverse range of plant-based meats and cheeses. With her background in research and a genuine passion for promoting well-being, Maciel's plant-based deli promises to be a haven for health-conscious foodies seeking flavorful, nutritious alternatives."
