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Michael's Blog - Michael Bloom Real Estate
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Michael's Blog


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Last week, the California Association of Realtors (C.A.R.) asked CA Congress for additional relief caused by the pandemic. Specifically, C.A.R. is asking that the next relief package include funding for rental assistance and homeowners assistance programs. By protecting people financially hurt by the crisis, the moratoriums on...

After two months of losses, home sales rebounded in June. According to the California Association of Realtors, California home sales set a record high in June. 339,910 homes sold in June which is up 42.4 percent from May and down 12.8 percent from June 2019. The median...

The 50 year fixed mortgage rates dropped below 3% this week. it's lowest level in 50 years. These historic low rates are 2.98% It's the first time the rates have fallen below 3% since Freddie Mac started tracking them in 1971. Freddie Mac's chief economist, Sam Khaler,...

Since the pandemic happened before Memorial Day, owners are cashing in and renting out their vacation homes. There is an explosion of people looking to rent a luxury property this summer. Summer homes that feel like a resort in places like Malibu and Laguna Beach are...

According to the California Association of Realtors, the economy and the housing market continue to show signs of improvement especially buyer's demand to purchase housing. Mortgage applications and showing appointments for homes continue to increase. Despite the social unrest and coronavirus pandemic, the low interest rates have...

Yesterday, The Fairfax district, Beverly Hills, Santa Monica, and Long Beach businesses were burglarized by lotters. COVID-19 has already taken a tremendous toll on them. Now, in order to recover, these businesses are relying on their insurance companies. Unfortunately, this will depend on their policies. Sean Witherspoon, owner...