As we head into a long holiday weekend, I wanted to share some thought-provoking insights about our Lamorinda real estate market, along with a favorite 4th of July quote to inspire you. 

“Where are all the buyers? Traveling!”

Leonard Steinberg from Compass points out that the TSA screened a staggering 2.99 million passengers at airports nationwide on Sunday, June 23 – the highest number in a single day! This indicates a great time to buy. Take advantage of the quieter week when many buyers are away and seize the opportunity! 

Core Inflation on the Decline: 

The Core inflation gauge rose by just 0.08% in May, marking the smallest advance since late 2020 as inflation edges closer to the 2% target. (Source: Bloomberg) 

The Magic Mortgage Rate:

Robert Reffkin, Compass CEO, stated on June 24 that the "magic mortgage rate" is anything below 6%. (Source: Fortune) 

Looking Ahead:

Bernard Arnault of LVMH shared on June 25 that, while 2024 may not be as strong as 2023, their plans are focused on long-term success, aiming for 2030. (Source: Bloomberg) 

Inspirational 4th of July Quote:

“America was not built on fear. America was built on courage, imagination, and an unbeatable determination to do the job at hand.” – Harry S. Truman 

Have a fantastic holiday weekend and feel free to reach out if you have any questions or if you're ready to explore the current opportunities in the market!