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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.

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Update for the week ending May 25, 2019

Reports of a breakdown in trade talks with China caused stocks to drop again this week. Stock markets reached all time highs just three weeks ago, as investors felt a trade deal with China was close. Unfortunately, stocks have dropped sharply over the last three weeks as it appears that the proposed deal has fallen through. The U.S. and China have increased tariffs in recent weeks, and ratcheted up threats of future increases. Investors fear that these increased tariffs will slow economic growth. The Dow Jones Industrial Average closed the week at 25,585.69, down 0.7% from 25,764.00 last week. It’s up 9.7% year to date. The S&P 500 closed the week at 2,826.06, down 1.2% from 2,859.93 last week. It is up 12.7% year to date. The NASDAQ closed the week at 7,637.01, down 2.3%, from 7,816.28 last week. The NASDAQ is up 15.1% year to date.

10 and 30 year Treasury Bond Yields at lowest levels since 2017 - The 10-year treasury bond closed the week yielding 2.32%, down from 2.39% last week. The 30-year treasury bond yield ended the week at 2.75%, down from 2.82% last week. We watch treasury bond yields because mortgage rates follow bond yield yields.

Mortgage rates almost unchanged this week - The May 23, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.06%, down slightly from 4.07% last week. The 15-year fixed was 3.51%, down slightly from 3.54% last week. The 5-year ARM was 3.68%, slightly higher from 3.66% last week.

U.S. home prices increase for the 86th consecutive month in April - The National Association of Realtors reported that the median price paid for an existing single family home increased 3.6% in April from April 2018. That marked the 86th consecutive month of year over year increases in the median price. The number of sales dropped 4.4% in April from the number of sales last April. Inventory levels increased 1.7% from one year ago. The unsold inventory index increased to a 4.2 month supply of housing for sale, from a 4 month supply one year ago.

Have a great Memorial Day Weekend!

Rohit
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9 hours ago  ·  

Update for the week ending April 27, 2019

NASDAQ and S&P 500 closed the week at all time record highs -Strong corporate earnings, lower interest rates, and an easing of trade tensions encouraged investors who pushed stocks to record highs. A strong first quarter GDP report released Friday showed that the economy grew 3.2% in the first quarter of 2019, its best first quarter showing in six years. The Dow Jones Industrial Average closed the week at 26,543.33, down 0.1% from 26,559.54 last week. It’s up 13.8% year to date. The S&P 500 closed the week at 2,938.88, up 1.2% from 2,905.03 last week. It is up 17.3% year to date. The NASDAQ closed the week at 8,146.40, up 1.9% from 7,998.06 last week. The NASDAQ is up 22.8% year to date.

Treasury Bond Yields lower this week - The 10-year treasury bond closed the week yielding 2.51%, down from 2.57% last week. The 30-year treasury bond yield ended the week at 2.92%, down from 2.96% last week. We watch treasury bond yields because mortgage rates follow bond yield yields.

Mortgage rates almost unchanged this week - The April 25, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.20%, up slightly from 4.17% last week. The 15-year fixed was 3.64%, up slightly from 3.62% last week. The 5-year ARM was 3.77%, almost unchanged from 3.78% last week.

March U.S. existing home sales report - The National Association of Realtors reported that the total number of existing home sales dropped 5.4% year over year from the number of sales last March. The median sales price increased 3.8% year over year. Inventory levels were up 2.4% from the number of homes for sale last March. The unsold inventory level represented a 3.9 month supply of homes for sale, up from a 3.6 month supply one year ago.

Have a Great Weekend!
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4 weeks ago  ·  

Update for the week ending April 13, 2019

Stock markets slightly higher this week - Stocks recorded solid gains on Friday to erase losses earlier in the week. Markets ended the week just slightly higher. Investors are waiting for companies to report first quarter corporate profits. Financial stocks led the market following a solid quarterly earnings report from JPMorgan Chase. The week also marked the 10 year anniversary of the S&P 500 bull market. It’s just 1% below it’s all time high set September 20, 2108. The Dow Jones Industrial Average closed the week at 26,412.30, almost unchanged from 26,424.99 last week. It’s up 13.3% year to date. The S&P 500 closed the week at 2,907.41, up 0.5% from 2,892.74 last week. It is up 16% year to date. The NASDAQ closed the week at 7,984.16, up 0.6% from 7,938.69 last week. The NASDAQ is up 20.3% year to date.

Treasury Bond Yields higher for the second straight week - The 10-year treasury bond closed the week yielding 2.56%, up from 2.50% last week. The 30-year treasury bond yield ended the week at 2.97%, up from 2.91% last week. We watch treasury bond yields because mortgage rates follow bond yield yields.

Mortgage rates higher this week - The April 11, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.12%, up from 4.08% last week. The 15-year fixed was 3.60%, up slightly from 3.56% last week. The 5-year ARM was 3.80, up from 3.66% last week.

Home sales data is usually released by The California Association of Realtors and The National Association of Realtors around the 20th of the month. Hopefully, they will be released in time for next weeks update.

Have a great weekend!
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1 month ago  ·  

Update for the week ending April 4, 2019

Employers add 196,000 new jobs in March - The Department

of Labor Statistics reported that U.S. employers added 196,000 new jobs in March. This exceeded analysts expectations of 175,000 new jobs. The unemployment rate held at 3.8%, a 50 year low. Average hourly wages grew 3.2% from last March.

Stocks continue to rise - 2019 has begun with a booming stock market. Markets are already up 13% to 17% year to date. The U.S. economy which appeared to be losing steam just a few months ago is taking off again. Overseas economies which seemed to be slowing are also rebounding. The Dow Jones Industrial Average closed the week at 26,424.99, up 1.9% from 25,928.68 last week. It’s up 13.3% year to date. The S&P 500 closed the week at 2,892.74, up 2.1% from 2,834.40 last week. It is up 15.4% year to date. The NASDAQ closed the week at 7,938.69, up 2.7% from 7,729.32 last week. The NASDAQ is up 16.9% year to date.

Treasury Bond Yields higher after dropping for 14 weeks - The 10-year treasury bond closed the week yielding 2.50%, up from 2.41% last week. The 30-year treasury bond yield ended the week at 2.91%, up from 2.81% last week. We watch treasury bond yields because mortgage rates follow bond yield yields.

30-year Mortgage rates remain at lowest levels since 2017 - The April 4, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.08%, almost unchanged from 4.06% last week. The 15-year fixed was 3.56%, unchanged from 3.57% last week. The 5-year ARM was 3.66%, down from 3.75% last week.

If You or Anyone you know are interested in purchasing, selling, or leasing Real Estate Give me a Call!

Have a Great weekend!
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2 months ago  ·  

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