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
Just Listed! Coming to Market Monday July 22nd 2019! 1815 Sqft. 3 Bedroom 2 Bathroom Viking Appliances, Completely Redone with A Pool! Asking $715,000 Northridge. Contact me for more information #therohitmahtani #rodeorealty #porterranch #realtor #realestateagent #realestate #luxuryhomes #luxurylife #housesforsale #houses #homesinporterranch ... See MoreSee Less
6 hours ago ·
549 E Palm Ave. Burbank Ca In Escrow! Representing the Sellers! 🙏 for a smooth escrow and happy clients on both ends! #therohitmahtani #realtor #realestate #luxurylife #luxuryhomes #burbankcondos #burbankliving #burbankca #burbankcalifornia #palmburbank #burbanklife ... See MoreSee Less
1 week ago ·
Economic update for the week ending July 6, 2019
U.S. economy adds 224,000 new jobs in June - The Bureau of Labor Statistics reported that 224,000 new jobs were created in June. That eclipsed analysts’ expectations of 162,000 new jobs. It marked a dramatic rebound from the disappointing 75,000 new jobs added in May. The unemployment rate inched up to 3.7% from 3.6% in May which was a 50 year low. The report also showed that 335,000 people entered the labor force in June which marked a substantial increase, as workers are feeling more positive about their job and wage prospects. This accounted for the slight increase in the unemployment rate. Average hourly wages were up 3.1% from one year ago.
Stock markets finished the week near all time highs - Stocks finished the week close to record high levels as investors feel trade talks will resume with China, and interest rates hover near 2 year lows. Friday’s strong jobs report was considered a mixed bag to investors. While certainly a strong report, the flip side is that it gives The Fed a strong argument not to lower its benchmark rates. The Fed floated the possibility of a rate drop in May. Since then stocks have finished higher in 4 out of the last 5 weeks, and major indexes have gained over 8%. The Dow Jones Industrial Average closed the week at 26,922.12, up 1.2% from 26,599.96 last week. It’s up 15.4% year to date. The S&P 500 closed the week at 2,990.41, up 1.7% from 2,941.76 last week. It is up 19.3% year to date. The NASDAQ closed the week at 8,161.79, up 1.9% from 8,006.24 last week. The NASDAQ is up 23.0% year to date.
Treasury Bond Yields - The 10-year treasury bond closed the month yielding 2.04%, almost unchanged from 2.00% last week. The 30-year treasury bond yield ended the week at 2.54%, unchanged from 2.52% last week.
Mortgage rates remain at 2 year lows - The July 3, 2019 Freddie Mac Primary Mortgage Survey showed mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.75%, almost unchanged from 3.73% last week. The 15-year fixed was 3.18%, unchanged from 3.16% last week. The 5-year ARM was 3.45%, up slightly from 3.39% last week.
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1 week ago ·
Economic update for the week ending June 29, 2019
Stocks finish higher in a robust June - Stocks dropped slightly this week, their only weekly loss in the month of June. This week a drop in consumer confidence caused stocks to drop slightly, but drove interest rates down. Investors are also watching the start of the G20 Summit in Japan hoping for the U.S. and China to resume trade talks and reduce tariffs. The Dow Jones Industrial Average closed the week at 26,599.96, down 0.4% from 26,719.13 last week. It’s up 14.0% year to date. The S&P 500 closed the week at 2,94mj1.76, down 0.3% from 2,950.46 last week. It is up 17.3% year to date. The NASDAQ closed the week at 8,006.24, down 0.3% from 8,031.71 last week. The NASDAQ is up 20.7% year to date.
Treasury Bond Yields at lowest rate since 2017 - The 10-year treasury bond closed the week yielding 2.00%, down from 2.07% last week. The 30-year treasury bond yield ended the week at 2.52%, down from 2.59% last week. We watch treasury bond yields because mortgage rates follow bond yield yields.
Mortgage rates continue to drop - The June 27, 2019 Freddie Mac Primary Mortgage Survey 30-year fixed mortgage rate average was 3.73%, down from 3.84% last week. The 15-year fixed was 3.16%, down from 3.25% last week. The 5-year ARM was 3.39%, down from 3.48% last week.
Lower mortgage interest rates lifted Nationwide home sales in May - The National Association of Realtors reported that the number of homes sold jumped 2.5% month over month in May from April’s resale home numbers. Year over year sales were down 1.1%. The median price paid for a home in the U.S. was up 4.8% from last May, the 87th straight month of year over year increases in the median price. The unsold inventory index stood at a 4.3 month supply of homes for sale. That was just slightly higher than a 4.2 month supply last May. Pending sales also increased 1.1% in May from the number of homes that went under contract in April.
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2 weeks ago ·