Santa Monica Monthly – November 2024

‍

‍

Home Buyers Rebound as Contract Signings Surge in Fall

‍

September saw a notable increase in home purchase contract signings, signaling a potential recovery in the housing market following a sluggish summer. The National Association of REALTORS® (NAR) reported a 7.4% rise in its Pending Home Sales Index from August, with a 2.6% increase compared to the previous year.

‍

“Contract signings increased as buyers capitalized on lower mortgage rates and more inventory options,” stated NAR Chief Economist Lawrence Yun. The West experienced a nearly 10% rise in pending sales. Yun anticipates further gains if job growth continues, inventory levels rise, and mortgage rates stabilize.

‍

‍

‍

‍

Food Obsession of the Month

‍

‍

Tiramisu Dip

‍

When you’re craving the rich, creamy flavors of tiramisu but need a quick fix, this Tiramisu Dip delivers all the indulgence in just 10 minutes. With smooth mascarpone, espresso, and a dusting of cocoa, it’s the perfect treat for dipping cookies, fruit, and more.