Leave a Message

Thank you for your message. We will be in touch with you shortly.


Home Sales are Expected to Increase in the Fourth Quarter as Rates Begin to Show a More Consistent Declining Trend.


giphy image

August 13, 2023

Good morning,

With the economy showing signs of growth, home sales are expected to increase in the fourth quarter as rates begin to show a more consistent declining trend. If you have any questions regarding our local housing market, please reach out.


Please pray for our friends in Maui. Help by donating here.

Information + Updates


The Ultra-Rich Are Flourishing and Sticking Around in California. The number of millionaires in the Golden State has surged at a time lower-income residents are leaving. (Bloomberg.com)



US banks suffered almost $19bn of losses on soured loans in the second quarter, the highest level in more than three years as lenders contend with rising defaults among credit card and commercial real estate borrowers, an increase of almost 17% on the previous 3 months and 75% higher than the same period last year. Capital One lost the most by far. Thanks FED! (FT)



The U.S. Treasury Department will soon propose a rule that would  require real estate professionals such as title insurers to report the identities of the beneficial owners of companies buying real estate in cash to the Treasury's Financial Crimes Enforcement Network. This is aimed at ending anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains. (Yahoo)



Oil prices are SURGING.... Olive oil prices! Especially in Spain that produces around 50% of the world's output where drought and weather have decimated crops. A metric ton of olive oil now costs more than 10 times a metric ton of crude. In 2019, before the pandemic, the ratio was less than five times. Thankfully the percentage of olive oil consumed by humans is just 2% of global consumption.



The MICROgrid? A microgrid is a network of buildings that essentially acts as a miniature power grid. It can operate outside of the larger municipal electrical system by ensuring backup power for the entire development, which can be produced by a solar array system and stored in a battery. Over 400 housing developments around the US are doing this already, mostly solar-powered, bringing the costs of utilities down for owners with systems that are not reliant on the big grids.



In Menifee, Calif., KB Home is developing a microgrid with more than 200 houses that come with a heat pump, electric appliances, solar panels, a battery and a shared community battery system. California now mandates that most new homes include solar panels, this neighborhood about 80 miles southeast of Los Angeles is a test case to see how large-scale communities can be built to be energy resilient, while reducing carbon emissions and lowering energy costs. Maura Short



After years of growth and escalation, China's consumer prices are now falling....DEflation! (CNBC)

Real Estate News

In a recent Wall Street Journal article, "Real Estate Haven's Risk with $1 Trillion Due," former Blackstone partner Peter Sotoloff warns of challenges for apartment landlords due to rising interest rates and refinance risks. The surge in rates, up by over 550 bp since the Fed's rate hikes, has impacted multifamily values by 14%. With $980 billion of multifamily debt maturing between 2023 and 2027, this will further pressure values.


However, not all apartment owners are in a dire situation. Despite challenges, those with longer debt maturities, acquired at lower leverage, and fixed debt might avoid the worst. Relying on high leverage floating rate debt for equity returns seems risky. While pain is inevitable, a hydrogen bomb scenario appears unlikely for well-positioned property owners.

YOY Comparison

Emerald Bay Sales

January – August 12th

In Escrow

1680 Louise Street | North Laguna

For Sale

giphy image

322 Emerald Bay


6 Bedrooms | 7 Bathrooms | 5,493 Sq.Ft.


A highly desirable and rare luxury 6 bedroom Emerald Bay residence has come to market. Flawless custom construction seamlessly incorporates a clean contemporary style with affluent coastal living.


This home was designed with ultimate privacy in mind and to enjoy the ocean and Catalina views. Nearly 5500 square feet of spacious living surround an exquisite outdoor courtyard complete with a spa, covered dining loggia, outdoor fireplace, grilling station and lush landscaping. Nearly every room welcomes ocean breezes and ample natural sunlight through over-scaled windows and doors. Several balconies wrap the front exterior of the home extending the living area.


The chef's kitchen boasts high-end appliances, a large island and a dumb waiter to transport food items from the garage level. The three-car garage includes a space for a golf cart that will easily whisk you down to Emerald Bay’s pristine white sand beach. 



New Lease

For Lease

For Lease

For Lease

For Lease

For Lease

For Lease

For Lease

There are currently 3 active homes for sale in Emerald Bay

ranging in price from $11,000,000 to $14,900,000.

giphy image
Facebook  Instagram  Youtube  

Work With Maura

Maura Short is known for her strong work ethic, broad industry know-how, and passion for architecture, in addition to her extensive network, confidentiality, and moral code. Combined with her wide-ranging local expertise, all of these assets result in favorable outcomes for both buyers and sellers under her care.
Connect With Me