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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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Economic update for the week ending November 9, 2019

Stocks up for the fifth straight week - Stock markets extended their gains and finished the week at all time record highs. Recession fears have been pretty much eliminated, as continued trade progress and a relaxing of tariffs has occurred. Third quarter corporate earnings were higher than expected. New jobs have been strong. Unemployment is near 50 year lows. Inflation has been tame, and the Fed has lowered rates. All these factors have investors more bullish and have drives stocks to record highs. The Dow Jones Industrial Average closed the week at 27,681.24, up 1.2% from 27,347.31 last week. It is up 18.7% year to date. The S&P 500 closed the week at 3,093.08, up 0.9% from 3,066.91 last week. It is up 23.4% year to date. The NASDAQ closed the week at 8,479.31, up 1.1% from 8,386.40 last week. The NASDAQ is up 27.7% year to date.

U.S. treasury bond yields up sharply this week - The 10-year treasury bond closed the week yielding 1.94%, up from 1.73% last week. The 30-year treasury bond yield ended the week at 2.43%, up from 2.21% last week. We watch treasury bond yields because mortgage rates often follow bond yields.

Mortgage rates slightly lower this week - The November 7, 2019 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.69%, down from 3.78% last week. The 15-year fixed was 3.13%, down from 3.19% last week. The 5-year ARM was 3.39%, down from 3.43% last week. Unfortunately, rates rose late in the week. Next week’s rates will be 1/8% - 1/4% higher next week.

Lower rates and higher incomes make homes more affordable in the third quarter of 2019 - The California Association of Realtors reported that 31% of California households could afford to purchase a $613,470 median priced home in the third quarter. That was up from 30% in the second quarter of 2019 and up from 27% in the third quarter of 2018. The income needed to qualify to purchase a median priced home with a monthly payment of $3,010 was $120,400. 43% of California households could afford to purchase a $465,000 median price condominium or townhouse with a yearly income of $91,200 needed to qualify.

Have a great weekend!
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2 days ago  ·  

Economic update for the week ending November 2, 2019

October jobs report - The Department of Labor Statistics reported that 128,000 new jobs were added in October. The unemployment rate ticked up to 3.6%, from September’s 50 year low of 3.5%. Average hourly wages rose 3% year over year from last October.

Stocks ended the week at record highs - A third rate cut from the Federal Reserve, encouraging third quarter corporate earnings, a stronger than expected October new jobs report, and a softening of trade and tariff tensions overcame a weak 1.9% annualized third quarter GDP increase and lifted stocks to all time highs. The Dow Jones Industrial Average closed the week at 27,347.31, up 1.4% from 26,958.06 last week. It is up 17.2% year to date. The S&P 500 closed the week at 3,066.91, up 1.5% from 3,022.55 last week. It is up 22.3% year to date. The NASDAQ closed the week at 8,386.40, up 1.7% from 8,243.12 last week. The NASDAQ is up 26.4% year to date.

U.S. treasury bond yields - The 10-year treasury bond closed the week yielding 1.73%, down from 1.80% last week. The 30-year treasury bond yield ended the week at 2.21%, down from 2.29% last week. We watch treasury bond yields because mortgage rates often follow bond yields.

Mortgage rates higher this week - The October 31, 2019 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.78% almost unchanged from 3.75% last week. The 15-year fixed was 3.19%, unchanged from 3.18% last week. The 5-year ARM was 3.43%, almost unchanged from 3.40% last week.

Have a Great Weekend!
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1 week ago  ·  

Economic update for the week ending October 26, 2019

Stock markets higher for the week - Strong third quarter corporate earnings, and a softening of rhetoric on trade and tariffs encouraged investors this week. Stocks have risen for three straight weeks and major U.S. stock market indexes are just below all time highs. The Dow Jones Industrial Average closed the week at 26,958.06, up 0.7% from 26,770.20 last week. It is up 15.6% year to date. The S&P 500 closed the week at 3,022.55, up 1.2% from 2,986.20 last week. It is up 20.6% year to date. The NASDAQ closed the week at 8,243.12, up 1.9%, from 8,069.54 last week. The NASDAQ is up 24.2% year to date.

U.S. treasury bond yields - The 10-year treasury bond closed the week yielding 1.80%, up slightly from 1.76% last week. The 30-year treasury bond yield ended the week at 2.29%, up slightly from 2.25% last week. We watch treasury bond yields because mortgage rates often follow bond yields.

Mortgage rates higher this week - The October 24, 2019 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 3.75%, up from 3.69% last week. The 15-year fixed was 3.18%, up slightly from 3.15% last week. The 5-year ARM was 3.40%, almost unchanged from 3.35% last week.

Nationwide existing home sales report - The National Association of Realtors reported that total existing home sales rose 3.9% year over year from the number of homes sold last September. The nationwide median price in September was 5.9% higher than it was in September 2018. That marked the 91st straight month of year over year increases in the median price.

Have a Great Weekend!

Rohit
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2 weeks ago  ·  

Just Sold! Closed in Wood Ranch Simi Valley near The Golf Course! Represented the Buyers! Sold in 4 days at $584,900 beat out 4 other offers. Thankful for a smooth deal and happy clients on both ends 🙏#therohitmahtani #realtor #rodeorealty #luxuryhomes #luxurylife #luxuryliving #luxurylifestyle #SOLD #realestate #porterranch #simivalleyhomes #woodranchhomes #woodranchgolfcourse ... See MoreSee Less

2 weeks ago  ·  

What an Amazing Weekend with the family :) #therohitmahtani #realtor ... See MoreSee Less

4 weeks ago  ·  

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