Quick Search

Welcome

A Los Angeles native, Rohit knows the cities well and understands the subtleties that differentiate the various neighborhoods. After earning his B.A in Economics at the University of California Riverside in 2009, Rohit started working at Rodeo Realty. Rohit believes that giving someone what they want or need is not the same as sales. He provides clients with enough HONEST information with a positive energetic attitude so that clients can be informed in the process. Whether that means making the sale or not, Rohit is always looking out for his client’s best interest.

Rohit’s previous experience in retail sales and marketing provides him with a background that allows him to connect with his diverse clientele on many levels. This helps him determine the best fit for each individual, couple and family. Rohit enjoys creating long lasting relationships with his clients, and finds true satisfaction in the joy they experience when the search is over and he is able to hand them the keys to their new home. Rohit attributes his success to his persistence and constant need to better oneself. He is always coming up with new ways to make a home buyer or sellers life easier. He is fluent in Hindi, Sindhi and English.

+ Read More

Facebook

Rohit Mahtani Real Estate added 30 new photos.
Rohit Mahtani Real Estate

2nd Chance at this Amazing Property! Buyer's Didn't qualify for the loan. No Appraisal issues sold significantly over asking with Multiple Offers first time around! 19110 kittridge St. Unit 4 Listed at $434,500 ... See MoreSee Less

2 days ago  ·  

Economic update for the week ending July 14, 2018

Stocks up for a second straight week - Stocks rallied again this week as investors expect a robust second quarter profit reporting season. Fueled by tax cuts and a strong global economy, many companies are expected to report double-digit profit growth. Stock markets are now just 3% below their all time highs reached in January. The only thing holding them back is fears of trade wars and tariffs according to analysts. The Dow Jones Industrial Average closed the week at 25,019.41, up from 24,456.58 last week. It is up 1.2% year to date. The S&P 500 closed the week at 2,801.31, up from 2,759.83. It’s up 4.8% year to date. The NASDAQ closed the week at 7,825.98, up form 7,688.39 last week. It’s up 13.8% year to date.

Treasury Bond Yields mixed this week - The 10-year and the 30-year treasury yield ended the week just 0.10% apart. It’s unusual for the 10-year and the 30-year yield to be so close. Usually an investor would want a higher rate when investing for a longer period of time. This tells us that investors may feel that rates will come down in the coming years. The 10-year treasury bond closed the week yielding 2.83%, up from 2.78% last week. The 30-year treasury bond yield ended the week at 2.93%, almost unchanged from 2.94% last week. We watch bond rates because mortgage rates follow bond rates.

30-year mortgage rates unchanged, while shorter term rates were slightly higher this week - The July 12, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.53%, unchanged from 4.52% last week. The 15-year fixed was 4.02%, up slightly from 3.99% last week. The 5-year ARM was 3.86%, up from 3.74% last week.

We will have June sales figures next week. The number of sales have been lower this year than in 2017. This is due to tighter inventory. The reduced number of homes for sale has also pushed price increases up at a faster pace than over the last few years. Year over year price increases have been almost 9% for a median priced home in California. In May there was just a 3 month supply of homes for sale. A normal market would be 6 to 7 months. We may be beginning to see some pressure in the higher price ranges in all of our areas. This may be because sellers have been too aggressive in pricing. Unfortunately, when one or two sellers push the price above what is realistic, others look at what’s listed instead of what is selling. We are seeing homes in many areas beginning to reduce. Let’s see if this impacts the inventory levels when the reports come out.

Have A Great Weekend!

- Rohit
... See MoreSee Less

5 days ago  ·  

Economic update for the week ending July 7, 2018

U.S. economy adds 213,000 new jobs in June - Unemployment rate ticks up to 4% - The Department of Labor Statistics reported that U.S. employers added 213,000 new jobs in June. Experts had predicted 194,000 new jobs, so this was a very positive report. The unemployment rate increased to 4% as more workers entered the workforce. Average hourly wages were just 2.7% above last June’s level. This was below the 2.8% expected.

Stocks snap a three week losing streak and end the week higher - A better than expected June jobs report, and expectations of a strong second quarter earnings reporting season helped stocks shrug off fears of a global trade war. The Dow Jones Industrial Average closed the week at 24,456.58, up from 24,271.41 last week. It is down 1.1% year to date. The S&P 500 closed the week at 2,759.83, up from 2,718.37. It’s up 3.2% year to date. The NASDAQ closed the week at 7,688.39, up form 7,510.30 last week. It’s up 11.4% year to date.

Treasury Bond Yields drop again this week - The 10 year treasury bond closed the week yielding 2.78%, down from 2.85% last week. The 30-year treasury bond yield ended the week at 2.94%, down from 2.98% last week. We watch bond rates because mortgage rates follow bond rates.

Mortgage Rates down this week - The July 5, 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.52%, down from 4.55% last week. The 15 year fixed was 3.99%, down from 4.04% last week. The 5-year ARM was 3.74% down from 3.87% last week.

Have a great weekend,

Rohit
... See MoreSee Less

2 weeks ago  ·  

Rohit Mahtani Real Estate added 15 new photos.
Rohit Mahtani Real Estate

Just Listed for Lease. 3 Bedroom 3 Bathroom 1420 Sqft. Built in 2004. Available July 31st 2018 $3100/ Month. 9610 Zelzah Ave. #103 ... See MoreSee Less

2 weeks ago  ·  

Economic update for the week ending June 23, 2018

Stocks down sharply for a second consecutive week -
Stocks dropped across the board this week. The Dow, now in negative territory for the year, dropped more than 500 points. Continued tensions on trade and tariffs caused investors to fear that a looming trade war could cause a global slow down and higher inflation. For example, two weeks ago, The Trump Administration announced $50 billion in tariffs on Chinese goods, and China quickly followed by announcing a similar amount of tariffs on U.S. products. This week Trump announced tariffs on another $200 billion in Chinese goods, which was quickly followed by China targeting another $200 billion in U.S. goods. Even Canada announced tariffs on U.S. imports this week, in retaliation on tariffs we placed on them in late May. It should be noted that almost none of these tariffs have actually been placed in effect. It may be posturing in order to cut a deal, as negotiations are ongoing. Many of these tariffs are scheduled to go into effect on July 6. We shall wait and see.
The Dow Jones Industrial Average closed the week at 24,580.49, down from 25,090.48 last week. It is down 0.6% year to date. The S&P 500 closed the week at 2,764,88, down from 2,779.66. It’s up 3% year to date. The NASDAQ closed the week at 7,692.82, down form 7,746.38 last week. It’s up 11.4% year to date.

Treasury Bond Yields down slightly this week - The 10 year treasury bond closed the week yielding 2.90%, down slightly from 2.93% last week. The 30-year treasury bond yield ended the week at 3.04% almost unchanged from 3.05% last week. We watch bond rates because mortgage rates follow bond rates.

Mortgage Rates lower this week - The June 21, 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.57%, down from 4.62% last week. The 15 year fixed was 4.04%, down slightly from 4.07% last week. The 5-year ARM was 3.83%, unchanged from 3.83% last week.

California adds fewer jobs, but the unemployment rate remained at an all time low in May - The California Employment Development Department reported that California employers added 5,500 new jobs in May. This was down from a robust April where 25,600 jobs were added. While this suggests that job growth slowed in May, experts were quick to point out that the state has had many months where job growth has fluctuated similar to April and May, so nobody should assume that job growth is stalling. The unemployment rate held steady at 4.2%, the lowest reading since the state began its current system of its unemployment reading in the 1970’s.

Fewer California existing homes sold in May, as price increases accelerated - The California Association of Realtors reported that existing home sales totaled 409,270 in May on a seasonally adjusted annualized rate. That was down 1.8% from April, and down 4.6% from May 2017’s sales pace. The state-wide median price in May was $600,860, up 2.8% from April and 9.2% higher than last May. On a more local level, the median price increased 9.1% year over year in Los Angeles County, 5.4% in Orange County, and 5.3% in Ventura County. The unsold inventory index in May stood at a 3 month supply of housing for sale, up from 2.9 months in May 2017.

Hope You Had A Great Weekend and Have A Successful Week Ahead!

Rohit
... See MoreSee Less

3 weeks ago  ·  

Follow me on Twitter