Happy Independence Day! Wishing you a Safe Celebration!

Happy July 4th week!  Believe it or not, 2019 is now half over.

In summary, the first 6 months of the year have been a bit of a roller coaster for real estate in the greater Los Angeles area. In spite of mixed messages, here are a few facts we can celebrate as America approaches her birthday:

The Department Of Labor reported that the weekly initial jobless claims fell to 196,000.  This is the lowest number since 1969.  It’s worth noting that in 1969, there were approximately 202 million people in the U.S.  As of this writing, that number is up to approximately 327 million, so the jobless claim number is even more impressive.

For those that have been concerned about recession earlier this year, in my opinion it is highly unlikely that we will see a recession in 2019 since the labor market is strengthening.

Then of course there is the concern over interest rates.  To clarify, consumer confidence and jobs help buy homes more than low interest rates.

On this 4th of July holiday, please remember this is NOT a fun holiday for your pet(s).  The loud bangs of fireworks are terrifying for them.  Keep your pets inside and in your sight until the festivities are over. Consider playing classical music and/or having the TV on for them.  The already overcrowded shelters will be overrun with lost pets, and you don’t want yours to be one of them.

With all this said, I wish you (and your pets if you have them) a safe and relaxing 4th of July.