Santa Monica Monthly – June 2023

‍

Is the housing market going to crash?
What experts say about the possibility in 2023.

‍

There is little debate that the U.S. housing market is cooling down after home values rose at a frenzied pace during the pandemic. For the first time in 131 months, home prices fell year-over-year in February, ending the longest price growth streak. The median existing-home sales price in April slipped 1.7% from one year ago to $388,800. Meanwhile, elevated mortgage rates − which have doubled since early last year − have constrained homebuyers’ purchasing power. Instability in the banking sector, headlines about layoffs, and growing recession risks are also causing prospective homebuyers to hold back. So, does this mean a housing crash could be on the horizon? Housing experts don’t believe that to be the case.

‍

“Despite uncertainty in the economy and the housing market right now, there is little to suggest that the housing market is poised for a crash,” says Bright MLS Chief Economist Lisa Sturtevant. “For a plunge in home prices—like we saw in 2008, for example—we would need demand to pull back dramatically and/or supply to increase significantly.”

‍

Courtesy of USA Today

‍

‍

Fundraiser Event

‍

‍

With Pride Month upon us, we’re spreading the word about a fantastic fundraising event! We’d love to officially invite you to our 1st Annual Big Gay Bake Sale, hosted by the Regina Vannicola Real Estate Group and the Melanie Sommers Team. This will be a fun and lighthearted event to celebrate our friends, family, colleagues and clients that are a part of the LGBTQ+ community! Plus, who doesn’t love rainbow cupcakes?!

‍

All proceeds will benefit the Los Angeles LGBT Center to help support LGBT individuals and families in Los Angeles and beyond.

‍

When: Saturday, June 17th from 11AM - 2PM
Where: 1333 Montana Avenue, Front of the Compass Santa Monica Office

‍

For additional information, and to discuss your participation, please contact
Sebastian Lorefice / sebastian@reginavannicola.com

‍

‍

Santa Monica Market Update | May 2023

‍

‍

‍

Food Obsession of the Month

‍

‍

Low Carb Pecan Pie

‍

Looking for a healthier way to enjoy a classic holiday treat? This low carb pecan pie is so rich, utterly delicious, and made without all the unwanted sugar or carbs!

‍

Source: diabetesstrong.com

‍

Ingredients

‍

Crust

• 2½ cups almond flour
• ¼ cup granulated stevia
• ½ teaspoon sea salt
• ¼ cup coconut oil (melted)
• 1 large egg (beaten)
• 1 teaspoon vanilla extract

‍

Filling

• 6 ounces butter
• ½ cup + 2 tablespoons granulated stevia
• 1½ cups cream
• ½ teaspoon sea salt
• 1 teaspoon vanilla extract
• ¼ teaspoon cinnamon
• 1 large egg
• 2¾ cups raw pecans

‍

‍

Instructions

‍

• Preheat your oven to 350°F (180°C). Thoroughly grease a 9-inch pie dish.
• Add all of the ingredients for the crust to a large mixing bowl. Mix until the dough is well-combined.
• Press the dough into the greased pie dish.
• Prick the crust all over with a fork, then bake for 10 minutes until the crust is lightly cooked and golden. Set aside to cool.
• Meanwhile, in a large heavy-bottomed pan over medium-high heat, melt the butter. Once the butter has started to brown slightly, reduce the heat to medium and add the stevia.
• Mix well for a few minutes until the mixture has darkened and turned golden brown.
• Add the cream and sea salt, then simmer for 20 minutes until the mixture has darkened and thickened.
• Remove from heat, then add the vanilla and cinnamon. Mix well, then set aside to cool for at least 20 minutes.
• Once the filling is cool enough to touch, whisk in the egg, making sure to whisk continuously until the mixture is combined.
• Add the pecan pieces to the cooked crust, then pour the filling on top.
• Place in the oven and bake for 40 minutes, or until the filling has completely set and doesn’t move when jiggled.
• Allow the pie to cool to room temperature, then refrigerate for 45 minutes.

‍

‍

Local Happenings

‍

‍

SaMo PRIDE Pop-Up Library

‍

June 2023

‍

"Santa Monica illuminates the Third Street Promenade with a canopy of rainbows lights as part of this citywide LGBTQ+ celebration. Look out for a party along the expanse of the Third Street Promenade in the month of June."

‍

Additional info here

‍

‍

‍

Dancing on the Beach

‍

JUNE 24TH, 4PM - 9PM

‍

"Local dance artists performing by the water. Dance, chill and enjoy the beach waves with one another!"

‍

Additional info here

‍

‍

Lifestyle Tips & Tricks

‍

‍

Should You Buy a New Construction Home?

‍

"As you search for a new home, you might find yourself categorizing your options into new and old builds. While older homes might offer the kind of layout, price point, and durability you’re looking for, they also come with their own problems. A new build, on the other hand, offers a buyer a clean slate."

‍

Courtesy of Better Homes & Gardens

‍

‍

12 Home Organizing Products from Amazon that Professional Organizers Swear By

‍

Having plenty of options is a good thing, but when it comes to shopping for organization products on Amazon, it can feel like overload. That’s why we tapped a panel of professional organizers to help narrow it down.

‍

Courtesy of Realtor.com

‍

‍

‍

Water Features Add Architectural Flair, Wellness Benefits, & Real Estate Enhancements To A Home

‍

But water can also enhance our health as part of our home environments, and is an increasingly popular architectural feature for building professionals to suggest to homeowner clients.

‍

Courtesy of Forbes

‍

‍

‍

Living Room Improvements That Help Sell Your Home For More Money

‍

The kitchen may be the heart of the home, but the living room is the hub. It’s where everyone convenes to relax and enjoy quality time with each other (or with the TV).

‍

Courtesy of Realtor.com

‍

‍

‍

‍