Santa Monica Monthly – August 2024

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Contract Signings Rise as More Listings Hit the Market

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This summer, home buyers have more choices, while sellers face stiffer competition. Pending home sales rose nearly 5% in June, with all major U.S. regions posting gains, according to the National Association of REALTORS®.

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NAR Chief Economist Lawrence Yun observes, "The rise in housing inventory is beginning to lead to more contract signings. Multiple offers are less intense, and buyers are in a more favorable position."

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Despite high home prices and mortgage rates nearing 7%, buyers show resilience. Yun anticipates more inventory in the coming months before the usual winter decline, suggesting it’s a good time to list

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Read more... nar.realtor

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Food Obsession of the Month

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Orange Chicken Roast with Fennel and Shallots

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If you’re looking for an impressive, yet easy to make dinner centerpiece, you’ve come to the right place! This chicken is doused in a citrusy, herby marinade packed with orange sugar, fennel, coriander and herbs, then gets roasted over a bed of tart oranges, fennel and shallots. It’s bright, refreshing and so fragrant, your kitchen will smell so inviting after roasting this.

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Source: Carolina Gelen