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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 April 14, 2018

Stocks rebound as fears of trade war lower - Stocks gained about 2% this week after two weeks of drops. It was the sixth straight week that the S&P dropped or gained over 1%. Investors reacted positively as both the U.S. and China seemed to dial back the Dow Jones Industrial Average closed the week at 24,306.14, up from last week’s close of 23,932.76. It is down 1.5% year to date. The S&P 500 closed the week at 2,656,39, up from 2,604.47 last week. It's down 0.6% year to date. The NASDAQ closed at 7,106.55, up from 6,915.11 last week. It is up 0.6% year to date.

Treasury Bond yields slightly higher this week - The 10 year treasury bond closed the week yielding 2.82%, up from 2.77% last week.The 30-year treasury bond yield ended the week at 3.03%, up slightly from 3.01% last week.

Mortgage Rates stable this week - The April 12, 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.42%, slightly above last week’s 4.40% The 15 year fixed was 3.87%, unchanged from 3.87% last week. The 5-year ARM was 3.61%, down slightly from 3.62% last week.

Have A Great Weekend!
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5 days ago  ·  

Buyer Market Update April 13th 2018

The data says there is a pent-up demand for homes and buyers need to know the risks of sitting on the fence.

The Federal Reserve hasn’t changed their predictions for probable rate increases in 2018, still predicting three. At no other time of the year is indecision quite as risky as it is right now, in the spring buying season. What is keeping buyers on the fence and how can we help them to see the risks in staying there?
-Uncertainty about the economy
-Watching the stock market as an indicator
-Interest rates still historically low
-Thinking down payment is a barrier

Instead of the gyrations of the stock market, the really important indicators to watch are interest rates, wages, and home inventories. People may make retirement decisions based on their stock portfolios, but they make their home purchase decisions based on their income and general feelings of employment security. Here is what buyers need to consider in making a decision:

Just a half-point increase in the mortgage interest rate over 30 years will cost far more than they’re likely to save watching for a bargain.

Buyers shouldn't assume they need a 20% down payment. There are a number of low down payment mortgage programs, even for millennials with student debt.

Waiting for any reason is risky, as low inventories mean that the best homes will sell quickly.

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Have A Wonderful Day.
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6 days ago  ·  

Just Leased $4300/ Month! 22714 W Duncan ln West Hills. Represented the Landlords. ... See MoreSee Less

1 week ago  ·  

Economic update for the week ending April 6, 2018

March job gains below expectations - The Department of Labor Statics reported that the U.S. economy added 103,100 new jobs in March. That fell well below analysts expectations of 193,000 new jobs. To be fair, February's gains of 313,000 new jobs was over 100,000 more jobs than analysts had expected in February, so year to date we are over the number expected with an average of 201,000 new jobs monthly. March marked the 90th straight month of job gains. Unemployment remained unchanged for the sixth consecucitive month at 4.1%, the lowest rate since 2000. The unemployment rate has dropped from it's peak of 10% in 2009. Wages, the most highly anticipated part of the report grew 2.7% from last March. That was above the 2.6% year over year wage gains reported in February, and below the 2.9% year over year increase in January.

U.S. Stocks fall in turbulent week - It was another volatile week for stocks with huge daily swings. The week started with stocks down after China announced about $3 billion in tarriffs on U.S. goods. Later in the week The Trump administration responded with proposed tarriffs of $50 billion on 1,300 Chinese products. China responded with $50 billion of tarriffs on U.S. airplanes, aerospace, and agriculture products. It should be noted that none of these tarriffs have actually been put in place. The markets have shifted day to day as investors weighed whether there will actually be a trade war, or if both sides are just posturing, as negotiations are ongoing. The March jobs report had very little effect on the markets. While new jobs were fewer than expected in March, job gains have still averaged a healthy 201,000 a month in 2018. Wage gains were in line with expectations.
The Dow Jones Industrial Average closed the week at 23,932.76, down from last week’s close of 24,103.11. It is down 3.2% year to date. The S&P 500 closed the week at 2,604.47, down from 2,649.87 last week. It's down 2.6% year to date. The NASDAQ closed at 6,915.11, down from 7,063,44 last week. It is up 0.2% year to date.

Treasury Bond yields slightly higher this week - The 10 year treasury bond closed the week yielding 2.77%, up from 2.74% last week.The 30-year treasury bond yield ended the week at 3.01%, up from 2.97% last week.

Mortgage Rates slightly lower this week - The April 6, 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.40%, down from last week’s 4.44% The 15 year fixed was 3.87%, down from 3.90% last week. The 5-year ARM was 3.62%, down from 3.66% last week. Rates were slightly lower on Friday.

Have a great weekend!
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2 weeks ago  ·  

Economic update for the week ending March 31, 2018

Trade talks lift stocks - Stocks rose by over 2% this week as volatility continued in the financial markets. Huge swings have continued over the last 8 weeks as investors weigh new information and speculation on global trade, political uncertainty, monetary policy, a new Federal Reserve Chairman, a new Treasury Secretary nominee, and corporate profits. This week negotiations with China led investors to believe that a trade war may be averted. Stocks made up most of the previous week’s loses when stocks were rocked by China’s response of placing tariffs on U.S. goods in retaliation to the Trump administration’s tariffs placed on Chinese goods. The Dow Jones Industrial Average closed the week at 24,103.11, up from last week’s close of 23,533.20. It is down 2.5% year to date. The S&P 500 closed the week at 2,649.87, up from 2,588.26 last week. It's down 1.2% year to date. The NASDAQ closed at 7,063.44, up from 6,992.67 last week. It is up 2.3% year to date.

Stocks were down for the second consecutive month - The Dow Jones Industrial Average closed the month at 24,103.11, down from its February 28, 2018 close of 25,029.20, which was down over 1,000 points from its January 31, 2018 close of 26,076.89. It’s dropped almost 2,000 points in two months. The S&P 500 closed the month of March at 2,649.87, down from its February 28, 2018 close of 2,713.83. The NASDAQ closed the month at 7,063.44, down form its February 28 close of 7,273.01.

Treasury Bond Yields - Bond yields lower this week - The 10 year treasury bond closed the week yielding 2.74%, down from 2.82% last week. It was 2.87% on February 28, 2018. The 30-year treasury bond yield ended the week at 2.97%, down from 3.06% last week. The 30-year was 3.13% on February 28. We watch bond rates because mortgage rates follow bond rates.

Mortgage Rates almost unchanged this week - The March 29, 2018 Freddie Mac Primary Mortgage Survey reported that the 30 year fixed mortgage rate average was 4.44%, unchanged from last week’s 4.45% The 15 year fixed was 3.90%, unchanged from 3.91% last week. The 5-year ARM was 3.66%, unchanged from 3.68% last week. Rates were slightly lower on Friday. Expect next week’s survey to have rates slightly lower. For the month rates were unchanged from rates on March 1.

U.S. existing home sales bounce back in February - Prices continue to rise - The National Association of Realtors reported that total existing home sales which are recorded transactions of all single family homes, townhomes, condominiums, and co-ops, grew 3% in February. In the first two months of 2018 sales are 1.1% above the same period last year. The median price paid for a home in the U.S. increased by 5.9%, from February 2017. That marked the 72nd straight month of year over year price increases. The unsold inventory index stood at a 3.4 month supply in February, down from 3.8 months in February 2017. Year over year inventory levels have fallen for 33 consecutive months.

California existing home sales pick up in February - The California Association of Realtors announced that existing home sales totaled 422,910 on a seasonally adjusted annualized rate in February. That represented a 3.3% increase from the number of sales in January, and a 5.4% increase from last February's number of sales. Prices also increased with the statewide median price $522,440, an increase of 8.8% from one year ago. After hitting a 14 year low in December, the number of homes for sale increase for a second straight month. The unsold inventory index rose to a 3.9 month supply of homes in February, up from a 3.6 month supply in January. There was a 4 month supply of homes for sale in February 2017.

Have a great weekend! Happy Passover and Easter, or anything else you are celebrating!
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3 weeks ago  ·  

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