John Greer - West One Capital Group

John Greer - West One Capital Group Contact information, map and directions, contact form, opening hours, services, ratings, photos, videos and announcements from John Greer - West One Capital Group, Mortgage brokers, 1201 Dove Street #580, Newport Beach, CA.
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New Home Sales (July 2024)July new home sales were much stronger than expectations, rising 10.6% month-over-month. June ...
08/28/2024

New Home Sales (July 2024)

July new home sales were much stronger than expectations, rising 10.6% month-over-month. June sales were also revised 8% higher.

The median sales price rose 3.1% MoM to $429,800, as sales of homes in the higher-priced West region increased as a percentage of total sales.

Existing Home Sales The good news: existing home sales broke a 4-month losing streak, rising 1.3% month-over-month in Ju...
08/22/2024

Existing Home Sales

The good news: existing home sales broke a 4-month losing streak, rising 1.3% month-over-month in July.

The bad news: the annualized sales figure of 3.95 million units is still very low by historical standards.

That said, with mortgage rates continuing to fall in August, the outlook for existing home sales is definitely improving.

08/21/2024

🏡 The Homebuyer Paradox⁣
⁣
**When mortgage rates were 3%:
⁣
🔍 “This market is crazy—no room to negotiate?!⁣ 😤”
⁣
📈 “The last house we saw had 14 offers and sold for $30k over the asking price!⁣ 🤯”
⁣
🚶‍♂️ “There was a line around the block at the open house—this is ridiculous!⁣ 😩”
⁣
**When mortgage rates hit 7%+⁣
⁣
💸 “I’m not paying 7%! I’ll wait until rates come down again…⁣ 🤷‍♂️”

Consumer Price Index (July 2024)More progress on inflation! July headline CPI eased to 2.9% YoY (from 3.0% in June), and...
08/14/2024

Consumer Price Index (July 2024)

More progress on inflation! July headline CPI eased to 2.9% YoY (from 3.0% in June), and core CPI dropped to 3.2% YoY (from 3.3%).

The seriously lagging "shelter" component of CPI rose 0.4% MoM and drove 90% (!!!) of the overall 0.2% monthly increase.

Many other major items (energy, new/used cars, airline fares etc.) actually saw prices flat to down in July.

NAR SETTLEMENT - 5 DAYS AWAY - ARE YOU READY?The real estate industry is undergoing a seismic shift this week. 🤯Many age...
08/12/2024

NAR SETTLEMENT - 5 DAYS AWAY - ARE YOU READY?

The real estate industry is undergoing a seismic shift this week. 🤯

Many agents are scrambling to adapt their scripts and understand the new buyer-broker agreements. Don't get left behind!

Join my superstar realtor, Tommy Choi, as he interviews NAR President Kevin Sears this Wednesday August 14th @ 11:00 AM to break down the NAR settlement changes.

You'll get the clarity you need to navigate this new landscape.

This exclusive event is open to Realtors nationwide. Don't miss out!

DM me NAR for the registration link.

Let's master this together. 🚀

BLS Jobs Report (July 2024)There’s more evidence of weakness in the labor sector. Job growth in July was well below esti...
08/03/2024

BLS Jobs Report (July 2024)

There’s more evidence of weakness in the labor sector.

Job growth in July was well below estimates, as the BLS reported that 114K new jobs were created versus the 175K that were forecasted.

Revisions to the data for May and June also cut 29K jobs from those months combined.

The unemployment rate rose to 4.3%, the highest since 2021.

Want to win over today's picky customers? First impressions matter BIG TIME!Are you tired of missing out on potential cl...
08/01/2024

Want to win over today's picky customers? First impressions matter BIG TIME!

Are you tired of missing out on potential clients?

A staggering 84% of homebuyers start their search with broad terms like "best real estate agent near me."

Learn how to leverage your Google Business Profile to attract more clients?

Join me for my FREE class and learn how to:
• Climb to the top of Google search results
• Dominate Google Maps
• Snag a coveted spot in the Google Local Pack
• Boost your online reputation with more Google reviews
• Implement proven tips and tricks to outrank your competition

Plus, you'll receive my exclusive Ultimate Google Profile Checklist!

Seats are limited, reserve your spot now using the following link –

johngreer.myagentclass.com/landing-page.

Case-Shiller Home Price Index (May 2024)National home prices hit another all-time high per Case-Shiller, with May postin...
07/30/2024

Case-Shiller Home Price Index (May 2024)

National home prices hit another all-time high per Case-Shiller, with May posting a seasonally adjusted 0.3% rise from April.

Prices were also 5.9% higher than a year earlier, with Case-Shiller noting that their “home price index has appreciated 4.1% year-to-date, the fastest start in two years.”

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Personal Consumption Expenditures (June 2024)The Fed’s FAVORITE measure of inflation, Core PCE, rose 0.2% from May to Ju...
07/29/2024

Personal Consumption Expenditures (June 2024)

The Fed’s FAVORITE measure of inflation, Core PCE, rose 0.2% from May to June. The annual reading held steady at 2.6%, remaining at the lowest YoY pace in three years and keeping September's expected rate cut from the Fed in play. 🤞👍

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Existing Home Sales (June 2024)Sales of existing homes fell 5.4% from May to June, marking the fourth straight monthly d...
07/27/2024

Existing Home Sales (June 2024)

Sales of existing homes fell 5.4% from May to June, marking the fourth straight monthly decline.

While total inventory rose to 1.32 million, properties remained on the market an average of 22 days in June, down from 24 days in May, showing that demand remains despite elevated rates

Fed "Getting Closer" to Rate CutsAfter friendly inflation readings throughout the second quarter, more Fed members are s...
07/20/2024

Fed "Getting Closer" to Rate Cuts

After friendly inflation readings throughout the second quarter, more Fed members are signaling they are "getting closer" to cutting interest rates, with growing odds of a cut happening at their meeting on September 18.

Inflation and labor market data between now and then will play a pivotal role in this decision.

Confidence among home builders fell 1 point to 42 in July, marking the third straight monthly decline and the lowest rea...
07/18/2024

Confidence among home builders fell 1 point to 42 in July, marking the third straight monthly decline and the lowest reading since December as elevated rates continue to dampen sentiment.

All three index components (buyer traffic, current and future sales expectations) also remain in contraction territory below the key breakeven threshold of 50.

JohnGreerIsLending

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1201 Dove Street #580
Newport Beach, CA
92660

Opening Hours

Monday 9am - 6pm
Tuesday 9am - 6pm
Wednesday 9am - 6pm
Thursday 9am - 6pm
Friday 9am - 6pm
Saturday 8am - 6pm

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