hosepstepanian
hosepstepanian
Hosep Stepanian
125 posts
About HosepAs a proud native of the San Fernando Valley with over three decades of residency, my journey in real estate spans 18 years, during which I've played a pivotal role in over 200 successful transactions. Consistently ranking in the top 5% of agents attests to my dedication and expertise.Navigating the dynamic landscape of real estate as a broker, I recognize that buying or selling a home is a transformative experience, extending beyond a mere transaction. My straightforward philosophy centers on prioritizing clients, ensuring they receive personalized and exceptional service.Building lasting relationships is my forte, as I diligently advocate for clients' real estate aspirations. By attentively listening to their needs, I orchestrate a stress-free process that yields optimal results. Communication is paramount in my approach, and I commit to keeping clients well-informed at every step of the buying or selling journey.Home Types: House, Townhouse, Condo, MultiFamilyLanguages Spoken: English, ArmenianYears of Experience: 18
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hosepstepanian · 8 days ago
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Mortgage Applications Are On The Rise! | Hosep Stepanian
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While this spring hasn’t exactly sparked a booming real estate season—home sales remain close to a 30-year low—there are some encouraging signs that activity may be picking up, especially when it comes to mortgage demand. According to Lawrence Yun, chief economist at the National Association of REALTORS®, “The latest application data is clearly showing some positive encouragement.” And the numbers back that up. For the week ending June 6, mortgage applications were up 20% compared to the same time last year, based on new data from the Mortgage Bankers Association. What’s more impressive? That increase came even as rates remained relatively steady. “Despite ongoing uncertainty surrounding the economy, home buyers seem to be taking advantage of loosening housing inventory in certain markets,” says Joel Kan, deputy chief economist at MBA. In fact, housing inventory has climbed 20% year over year. However, that rise in listings hasn’t yet translated into a noticeable increase in closed home sales across the country—at least not yet. The Key: Mortgage Rates One of the biggest drivers remains mortgage rates. Yun points out that all eyes are on inflation trends and what the Federal Reserve decides to do next with its benchmark rate. If rates dip—even slightly, to around 6.5%—he believes that could ignite a real shift in buyer activity, potentially increasing sales by up to 10%. “Even small, incremental changes , I think, will bring more buyers,” Yun adds. Where Mortgage Rates Stand Now Mortgage rates have been relatively steady for several months—and this past week followed that same pattern. “Mortgage rates have moved within a narrow range for the past few months—and this week is no different,” says Sam Khater, chief economist at Freddie Mac. Still, he adds, “Rate stability, improving inventory, and slower house price growth are an encouraging combination as we celebrate National Homeownership Month.” Here’s where rates stood as of the week ending June 12, according to Freddie Mac: 30-year fixed-rate mortgage: 6.84% (down slightly from 6.85% the week before; 6.95% a year ago) 15-year fixed-rate mortgage: 5.97% (down from 5.99% the previous week; 6.17% a year ago) What This Means for Buyers and Sellers For buyers, the combination of increased inventory and slightly more favorable rates may open up new opportunities—especially in markets where competition is softening. For sellers, understanding these dynamics can help in pricing strategies and setting expectations. As the summer real estate season heats up, all eyes will be on mortgage rates, inventory trends, and how buyers respond to these subtle but important shifts. Want to know how these changes could affect your local market? Reach out—I'm here to help you navigate what’s next. If you are considering selling your house, we encourage you to contact Hosep Stepanian for a free consultation. He will assess your specific situation, provide expert advice, and help you make the best decision for your circumstances. Don't hesitate to reach out today to schedule an appointment. (818) 426-1117 Hosep Stepanian Broker In Trust 9440 Reseda Blvd. Northridge, CA 91324 DRE#01780506 Hosep Stepanian PHONE: 818-426-1117 EMAIL: [email protected] WEBSITE: https://www.hosepstepanian.com/ LINK TREE https://linktr.ee/hosepstepanian
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hosepstepanian · 1 month ago
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hosepstepanian · 2 months ago
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hosepstepanian · 3 months ago
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hosepstepanian · 3 months ago
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hosepstepanian · 3 months ago
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COMING SOON! 12 Brand New Detached Homes With An ADU Option in Prime Sun Valley, CA
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hosepstepanian · 3 months ago
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hosepstepanian · 4 months ago
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hosepstepanian · 4 months ago
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FOR LEASE: 14829 Hagar St. Mission Hills, CA $3495/mo Hosep Stepanian
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hosepstepanian · 4 months ago
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hosepstepanian · 4 months ago
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LEASED. Encino, CA Lease | 5325 Newcastle Ave. #313 $2700 per month.
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