MORTGAGE RATES UPDATE 😎
Borrower activity surges: Refinance demand is up 156% year over year, and purchase applications have climbed 18%, signaling strong early-2026 momentum amid easing home-price growth and rising inventory. Mortgage rate averages are near three-year lows for the third consecutive week. As of Thursday, the 30-year fixed-rate mortgage averaged 6.10%, according to Freddie Mac.
Home sales are positioned to grow again, and affordability is beginning to improve as home prices stabilize and mortgage rates ease. Source: Homes.com
WHAT IS CMA? WHO DOES IT?
A CMA helps identify or project a house’s listing or selling price.
A Real estate professional conducts CMA.
The CMA is not the only factor in determining listing price; rather, it is a guide for the owner to see the active and sold competition and is used to help the seller determine a listing price. The CMA can also be used, depending on state laws, for a variety of other purposes, including loan modifications, short sales and foreclosures, REO purchases, value trend analysis, mediation, and negotiation. It should not be used solely to value collateral in a real estate transaction.
COST, PRICE, OR VALUE?
In the context of valuation of real property, the terms cost, price, and value are distinctly different concepts, seldom equal amounts, and not interchangeable.
* COST The total amount spent to acquire or build a property or property component. A cost is a historic quantity and does not vary over time. For example, a $15,000 expenditure to reroof a house is a one-time cost.
* PRICE The amount at which a property is currently being marketed or was sold at a specific point in time. Price might or might not reflect market value.
* MARKET PRICE The actual selling price of a property. Buyers and sellers set the market price, which may differ from market value.
* MARKET VALUE/FAIR MARKET VALUE The most likely sale price of a property in an arms-length transaction. Market conditions change constantly and the fair market value set by what the buyer is willing to pay at a moment in time. Fair market value rises or falls, even within a couple of months, based on supply and demand.
WHAT IS an Arms-Length Transaction?
A sale in a competitive and open market where both buyer and seller act prudently and of their own free will and neither is under any undue pressure to complete the transaction. Both are reasonably aware of the good and bad points of the property. The property has been exposed to the open market for a reasonable time. The buyer could easily choose a different property.
ONE-OF-A-KIND TROPHY LOT!
Sweeping ocean and canyon views.
Calling all developers and investors—or those looking to build a dream home with an ocean view.
Rare ocean-view development lot.
LA County jurisdiction — Santa Monica address. First offering in over half a century, this rare and remarkable lot offers breathtaking views of the Pacific Ocean and lush Santa Monica Canyon.
LAND FOR SALE, Santa Monica
CONTACT Alena Lehrer: 310.437.3700
Alena Lehrer
Luxury Real Estate Specialist
Compass, Beverly Hills
DRE 02120134
310.437.3700
[email protected]
www.AlenaLehrer.com
