Finishing Well is Always the Goal

Monthly Newsletter Daniel J. Phai Real Estate  |  Keller Williams Beverly Hills June 2026   Dan's Note Finishing Well Is Always the Goal This month I wrapped up four years with my youth students, and I have to say it was one of the most rewarding seasons I have had with them yet. These past four years have been one of the most fulfilling four years I've had in a long time. Mainly because all of these kids were so amazing. They all kept me young. That's a wrap! Spring 2026 Youth Group State of the Market Los Angeles, June 2026 The LA market has settled into a more measured rhythm after the intensity of early spring. Sellers who are priced right and prepared well are still winning. In LA, buyers are still seeing the war of the market. A great home in a great location is still king. It continues to thrive. Buyers hang in there. $975K West LA Median Price Flat, not falling   40–80 Days Days on Market (West LA) Up from 2021–22 lows 97–98% Sale to List Price Ratio Eased slightly for buyers   +15% Active Listings vs. Last Year More choices for buyers Mortgage Update What You Need to Know About Rates Right Now Current Rates — June 1, 2026 30 Year Fixed 6.54% 15 Year Fixed 5.68% 30 Year Jumbo 6.60% 30 Year FHA 6.25% What Is Actually Driving Rates? Rates have crept higher over the past few months, driven primarily by the conflict in Iran pushing oil prices up, which in turn stokes inflation concerns. When investors expect inflation, they demand higher returns on bonds, and mortgage rates follow. The good news is that experts are forecasting rates to hover in the low to mid 6 percent range through 2027. The days of 2 to 3 percent rates are not coming back anytime soon, but meaningful drops into the 5s are also unlikely in the near term. The next Federal Reserve meeting is June 17. A new Fed chair means a potentially new approach, and the market will be watching closely. I will keep you updated. The bottom line: If you are waiting for rates to drop dramatically before buying, you may be waiting a long time. The better question is whether the home and the payment work for your life right now. Featured Listing Trophy Fourplex in the Heart of Sawtelle If you or someone you know is looking for a premier investment opportunity in one of LA's most sought after neighborhoods, this is worth a serious look. 1815 to 1817 Barry Avenue is a rare fourplex offering strong fundamentals in a prime West LA location. Address 1815–1817 Barry Ave Los Angeles, CA 90025 Asking $5,650,000 Cap Rate 5.02% GRM 15.19 View Full Details & Video Know someone thinking about making a move? I would love to be a resource for anyone in your circle. A quick conversation costs nothing. Reach Out to Dan Daniel J. Phai  |  Keller Williams Beverly Hills Unsubscribe  |  You are receiving this because you are part of Dan's sphere of influence. *|LIST:ADDRESSLINE|*