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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 January 19, 2019

Stocks higher for the fourth consecutive week - Stock markets gained about 3% this week. It marked the longest string of weekly gains since August 2018. Companies that reported fourth quarter earnings came in better than expected. China also made comments signaling that they would work to take steps to lower its trade imbalance with The U.S., which encouraged investors that a trade deal was getting closer. Stocks have now made up almost 1/2 of their losses since hitting an all time highs in September 2018. The Dow Jones Industrial Average closed the week at 24,706.35, up 3.0% from 23,995.95 last week. It’s up 5.9% in January. The S&P 500 closed the week at 2,670.71, up 2.9% from 2,596.48 last week. It is up 6.5% in January. The NASDAQ closed the week at 7,157.23, up 2.7% from 6,971.48 last week. The NASDAQ is up 7.9% this month.

Treasury Bond Yields up slightly this week - The 10-year treasury bond closed the week yielding 2.79%, up from 2.71% last week. The 30-year treasury bond yield ended the week at 3.09%, up from 3.04% last week. We watch treasury bond yields because mortgage rates follow bond yields.

Mortgage rates stable this week at the lowest levels in 9 months - The January 17, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.45%, unchanged from 4.55% last week. The 15-year fixed was 3.88%, unchanged from 3.89% last week. The 5-year ARM was 3.87%, up slightly from 3.83% last week.

December California existing home sales report - The California Association of Realtors reported that existing home sales totaled 372,260 in December on a seasonally adjusted annualized basis. That was down 2.4% from November and down 11.6% from last December. It marked the fewest sales in a month since January 2015. The statewide median price was $557,600, up 1.4% from December 2017. On a regional basis Los Angles County’s median price of $588,140 was up 1.8% from last December. Orange County had a median price of $785,000 , down 0.1% from December 2017. Ventura County’s median price of $640,000 was down 0.8% from last December. Inventory levels also continued to rise. The unsold inventory index was a 3.5 month supply of homes listed in California, up from 2.5 months in December 2017. Los Angeles Country had a 3.5 month supply, up from a 2.4 month supply last December. Orange County had a 4 month supply, down from 2.6 months last December. Ventura County had a 5.5 month supply, up from a 4 month supply in December 2017.

Have a Great Martin Luther King Holiday and A Great Week Ahead!
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2 months ago  ·  

Update for the week ending November 30, 2018

Stock markets posted the largest weekly gain in 2018 - Stocks ended November by soaring about 5% this week. It marked a dramatic rebound after stocks fell sharply into negative territory for the year over the last two weeks. Strong consumer spending data for Black Friday and Cyber Monday got the week started. Federal Reserve Chairman Thomas Powell's comments on Wednesday that interest rate hikes would likely end in 2019 led to one of the best single daily gains ever for stocks. It also resulted in bond yields falling. The U.S. 10-year Treasury yield fall to the lowest level in more than 10 weeks. Friday’s signing of a replacement to NAFTA by President Trump, Canada, and Mexico also lifted markets to finish the week with the highest weekly gain this year. The Dow Jones Industrial Average closed the week at 25,538.46, up sharply from 24,285.95 last week. It was up 5.2% this week and is up 3.3% year to date. The S&P 500 closed the week at 2,760.17, up from 2,632.56 last week. It was up 4.8% for the week and is up 3.2% year to date. The NASDAQ closed the week at 7,330.54, up from 6,938.96 last week. It was up 5.6% for the week and up 6.2% year to date.

Treasury Bond Yields slightly lower this week - The 10-year treasury bond closed the week yielding 3.01%, down slightly from 3.05% last week. The 30-year treasury bond yield ended the week at 3.30%, unchanged from 3.31% last week. We watch treasury bond yields because mortgage rates follow bond yields.

Mortgage rates unchanged this week - The November 28, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.81%, unchanged from 4.81% last week. The 15-year fixed was 4.25% unchanged from 4.24% last week. The 5-year ARM was 4.12%, up slightly from 4.09% last week.

Have a Great Week Ahead!

Rohit
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4 months ago  ·  

Update for the week ending November 24, 2018

Stocks dropped into negative territory for the year - Stocks had another losing week. Technology stocks which have been under pressure continued to decline. Oil prices dropped for the seventh straight week which hurt energy stocks. Retailers are anticipating disappointing earnings for the year. The Dow Jones Industrial Average closed the week at 24,285.95, down from 24,413.22 last week. It is down 1.8% year to date. The S&P 500 closed the week at 2,632.56, down from 2,736.27 last week. It’s down 1.5% year to date. The NASDAQ closed the week at 6,938.96, down from 7,147.87 last week. It’s up 0.5% year to date.

Treasury Bond Yields slightly lower this week - The 10-year treasury bond closed the week yielding 3.05%, down slightly from 3.08% last week. The 30-year treasury bond yield ended the week at 3.31% down slightly from 3.33% last week. We watch treasury bond yields because mortgage rates follow bond yields.

Mortgage rates lower this week - The November 21, 2018 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.81%, down from 4.94% last week. The 15-year fixed was 4.24%, down from 4.36% last week. The 5-year ARM was 4.09%, down from 4.14% last week. I’d expect to see rates a little lower in next week’s survey, as rates dropped late in the week.

Nationwide existing home sales totals rebound in October - The National Association of Realtors reported that existing-home sales which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.4% from September to a seasonally adjusted rate of 5.22 million in October. Sales are down 5.1% from a year ago (5.5 million in October 2017). The median existing-home price for all housing types in October was up 3.8% from October 2017. October’s price increase marks the 80th straight month of year-over-year gains. Housing inventory increase from 1.80 million a year ago to 1.85 million in October. Unsold inventory is at a 4.3-month supply, up from 3.9 months a year ago.

Have A Wonderful Weekend!
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4 months ago  ·  

Just Leased! 4350 Ellenita Tarzana CA. 5 Bedroom 3 bathroom 2400 sqft. 17,180 sqft Lot! Represented the Tenants. $5995/mo 18month Lease! VIEWS!!! #homesforsaleintarzana #RodeoRealty #theRohitMahtani #Realtor #LuxuryRealEstate #LuxuryLiving #RetreatBackyards ... See MoreSee Less

4 months ago  ·  

That Was Fun! Hope You All Enjoyed the Cotton Candy and Popcorn! See You Next Year Happy Halloween ... See MoreSee Less

5 months ago  ·  

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