Simple Steps to Keep Your Home Safe | Home Tips

Home safety is essential for homeowners to ensure the well-being of their family and property. Here are some tips to help keep your home safe:

  • Install a security system:

A security system can provide peace of mind and deter burglars from breaking into your home. Consider installing a system that includes motion sensors, cameras, and a monitoring service.

  • Secure doors and windows:

Make sure all doors and windows are locked when you’re away from home or at night. Use deadbolts and slide bolts for added security. Consider installing window bars or security film to make it more difficult for burglars to break in.

  • Keep your property well-lit:

A well-lit property can deter burglars and make it easier for you to see any potential intruders. Install motion-sensing lights around your home, and keep outdoor lights on at night.

  • Use timers to turn lights on and off:

If you’re going to be away from home for an extended period, use timers to turn lights on and off to give the appearance that someone is home.

  • Trim bushes and trees:

Keep bushes and trees trimmed to reduce hiding spots for burglars and to improve visibility around your home.

  • Install smoke and carbon monoxide detectors:

Smoke and carbon monoxide detectors can alert you to potential dangers and give you enough time to evacuate your home.

  • Have a fire escape plan:

Create a fire escape plan with your family and practice it regularly. Make sure everyone knows two ways to exit each room and identify a safe meeting place outside.

  • Keep emergency numbers by the phone:

Have emergency numbers, such as the fire department, police, and a trusted family member or friend, by phone in case of an emergency.

By following these tips, homeowners can take proactive steps to keep their homes and family safe. Remember to regularly review and update your safety measures to ensure that they are still effective.

Economic Update | Week Ending January 25, 2025

Stock markets – The Dow Jones Industrial Average closed the week at 44,424.25, up 2.2% from 43,478.83 last week. It is up 4.4% year-to-date. The S&P 500 closed the week at 6,101.24, up 1.8% from 5,996.96 last week. The S&P is up 3.7% year-to-date. The Nasdaq closed the week at 19,954.39 up 1.7% from 19,630.20 last week. It is up 3.3% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.63% almost unchanged from 4.61% last week. The 30-year treasury bond yield ended the week at 4.85%, unchanged from 4.84% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of January 16, 2025, were as follows: The 30-year fixed mortgage rate was 7.04%, up from 6.93% last week. The 15-year fixed was 6.27%, up from 6.14% last week.

The graph below shows the trajectory of mortgage rates over the past year.

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Home sales data is released on the third week of the month for the previous month by the California Association of Realtors and the National Association of Realtors. These are December’s home sales figures.

U.S. existing-home sales December 2024 – The National Association of Realtorsreported that existing-home sales totaled 4.24-million units on a seasonal annualized rate in December, up 9.3% from an annualized rate of 3.88-million units last December. The median price for a home sold in the U.S. in November was $404,400, up 6% from $387,800 one year ago. There was a 3.3-month supply of homes for sale in December, up from a 3.1-month supply in December 2023. First-time buyers accounted for 31% of all sales. Investors and second-home purchases accounted for 13% of all sales. All cash purchases accounted for 28% of all sales. Foreclosures and short sales accounted for 2% of all sales.

California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 268,180 on an annualized basis in December, up 19.8% from a revised 223,900 homes sold on an annualized basis last December. The statewide median price paid for a home in was $861,020 in December, up 5% from $819,820 one year ago. There was a 2.7-month supply of homes for sale in December, up slightly from a 2.6-month supply in December 2023.

The graph below lists home sales data by county in Southern California.

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Mortgage Rate Update | January 23, 2025

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of January 23, 2025, were as follows:

The 30-year fixed mortgage rate was 6.96%, down from 7.04% last week. The 15-year fixed was 6.16%, down from 6.27% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.

From Tumblr GIFs to Oakley SmartWear and More! | Tech News

Stay connected to the world of tech! From Tumblr GIFs to Oakley SmartWear and more, we have covered the latest news for you. Check out the major headlines from the week in our round-up below:

Tumblr Introduces Tumblr TV Tab to Showcase GIFs and Videos

Tumblr has launched a new “Tumblr TV” tab at the top of its app, offering users a dedicated space for discovering GIFs and video content. Originally introduced in 2015 as a GIF-finding feature, Tumblr TV now includes videos and adopts a swipe interface reminiscent of short-form video apps. New users will find the tab enabled by default, while existing users can activate it via Dashboard Tabs settings. The feature allows users to engage with content by liking, commenting, reposting, or sharing. Despite the addition of video, Tumblr TV remains heavily focused on GIFs, offering a browsing experience that feels more akin to scrolling through a group text full of GIFs than competing with platforms like TikTok.

Samsung and Google Team Up to Develop AR Glasses

Samsung and Google are collaborating on augmented reality (AR) glasses, according to Samsung’s TM Roh, though specific details, including a release timeline, remain unclear. The glasses are part of a broader effort to co-develop the Android XR operating system for mixed reality devices, which also powers Samsung’s Project Moohan mixed reality headset. The headset, described as a blend of Meta Quest 3 and Vision Pro functionality, enables features like app pinching, resizing, and immersive media viewing. This announcement follows Meta’s reveal of its Orion AR glasses prototype and coincides with Samsung’s unveiling of the Galaxy S25 lineup, including the S25, S25 Plus, and S25 Ultra.

Adobe Updates Premiere Pro, After Effects, and Frame.io with AI and Performance Enhancements

Adobe has introduced AI-powered visual recognition in Premiere Pro’s search feature, enabling users to locate video clips by describing their contents, such as “a person skating with a lens flare.” The AI can identify objects, locations, and camera angles, provided metadata or transcripts are attached, though it doesn’t analyze audio or recognize individuals. This feature runs on-device, ensuring user data isn’t used to train AI models. Premiere Pro also adds a translation tool supporting 17 languages, allowing multiple caption tracks for simultaneous editing, both now available in the app’s beta version.

Updates to After Effects include HDR monitoring and a revamped caching system that leverages both RAM and disk storage, enabling smoother playback of large projects on older hardware. Additionally, Canon C80 and C400 cameras now integrate with Frame.io’s Camera to Cloud feature via a firmware update, streamlining direct file uploads to the platform. These enhancements aim to improve workflows and efficiency for video editors.

Google Expands ChromeOS with Accessibility and Classroom Features

Google is rolling out new ChromeOS features, including a head and facial expression control tool for users with motor impairments. Initially announced in December, this accessibility feature is now available on more Chromebooks, with Google recommending devices with at least 8GB of RAM. The tool builds on Google’s prior accessibility efforts, such as the open-source Project Gameface. Looking ahead, Google plans to release over 20 new Chromebooks in 2025, including updates to its Chromebook and Chromebook Plus lines, like the 14-inch Lenovo Chromebook Plus 2-in-1.

For educators, Google has introduced classroom tools that allow real-time control of student Chromebooks. Teachers can send content directly to students’ screens, enable live captions or translations, monitor activity, and share work with the class. Additionally, Google Classroom now integrates with Figma’s FigJam, letting teachers assign online whiteboards for collaborative brainstorming. These updates aim to enhance accessibility and streamline classroom interactions for educators and students alike.

Meta and Oakley to Collaborate on Athlete-Focused Smart Glasses

Meta is reportedly developing Oakley-branded smart glasses, dubbed “Supernova 2,” set to launch later this year, according to Bloomberg. Based on Oakley’s Sphaera model, these glasses will feature a camera positioned in the center of the frame, aiming to attract cyclists and outdoor athletes. While specific details remain sparse, the glasses are expected to include features similar to the current Ray-Ban Meta smart glasses. The collaboration leverages EssilorLuxottica’s ownership of both Oakley and Ray-Ban to diversify Meta’s wearable tech offerings, targeting athletes with lightweight, stylish designs that may include polarized lenses for better visibility.

Meta is also planning an upgraded version of its Ray-Ban smart glasses with a built-in display for notifications, simple apps, and photo previews. To meet athlete needs, the Oakley glasses will need to address key factors such as weight, sweat resistance, and battery life, potentially offering a modern alternative to the discontinued Bose Frames Tempo.

Fire Relief Benefit Events | Weekend Events

Los Angeles has always been a city that comes together in times of need and now is the time to show our collective strength. Following the recent devastating wildfires, local businesses, artists, and organizations are stepping up to support victims, firefighters, and impacted communities. From immersive events and concerts to creative workshops and culinary fundraisers, there are countless ways to give back while enjoying the vibrant culture of our city. Join these meaningful initiatives and make a difference—every small act of support brings hope and healing to those in need.

Savor the Flavors and Give Back During Dine LA Restaurant Week

When: Jan. 24–Feb. 7

For over 15 years, Dine LA Restaurant Week has been a must for food enthusiasts eager to discover the vibrant culinary landscape of Los Angeles. This year, dining out comes with a purpose—$5 from every reservation will be donated to the American Red Cross, with a matching contribution from Banc of California. With more than 400 restaurants offering special menus and deals, it’s the perfect opportunity to support local businesses while making a meaningful impact.

Step Into an Immersive Experience at The Bellwether

When: Jan. 29

LA Gives Back returns for its seventh year, uniting the community to raise funds for wildfire victims, firefighters, and animals in need. This year’s event will transform The Bellwether, a top independent music venue, into a multi-stage showcase of music, dance, and comedy. While the lineup remains a surprise, past performers like Diplo, Bonobo, and Eric André hint at an unforgettable night. All proceeds from the fire relief event will directly benefit those impacted by the recent wildfires.

First Responder Cruise-In at the Petersen

When: January 26

Put your wheels to work for a worthy cause at the Petersen Automotive Museum’s Sunday morning car show and charity event. For $50, attendees can enjoy coffee, bagels, museum access, and parking—no need to arrive in a show car to join the fun. Proceeds will support the Los Angeles Food Bank, the LAFD Foundation, and the LAPD West Bureau. The event also features a Red Cross blood drive and a donation station hosted by Love You So Studios, collecting new items for families impacted by recent fires. Don’t have a car? No problem—use promo code PAM to snag a free ride via Waymo’s robotaxi service.

FireAid Los Angeles Benefit Concert

When: January 30

A star-studded lineup of artists, including Billie Eilish, Olivia Rodrigo, Stevie Nicks, Alanis Morissette, Green Day, and Joni Mitchell, will perform at the FireAid benefit concert on January 30 to support victims of Los Angeles’ recent wildfires. The one-night event will take place at both the Intuit Dome and Kia Forum, with tickets priced at $99, available now on Ticketmaster. Proceeds from the concert, with all fees waived, will go toward immediate relief efforts and long-term fire prevention initiatives, guided by the Annenberg Foundation. For those unable to attend, the concert will stream on platforms like Apple Music, Netflix, Hulu, and more, or be screened at select AMC Theatres. Donations can also be made directly to FireAid through their website to further assist wildfire victims.

Insomniac Events LA Fire Benefit Shows

Insomniac Events is hosting a series of benefit concerts across iconic venues like Exchange LA, Academy LA, Avalon, Nova SD, and Bloom SD to support fire relief efforts. All net proceeds from these events will directly benefit fire victims and their families.

Event Highlights:

•1/23: Electrik Seoul @ Exchange LA

•1/23: SVDDEN Death @ Academy LA

•1/24: One More Time @ Exchange LA

•1/30: Deorro @ Exchange LA

•1/30: Emo Nite @ Avalon Hollywood

Shop for a Cause at ROW DTLA

When: Until Feb. 2

ROW DTLA’s vibrant arts and culture hub is hosting For LA With Love, a wildfire relief campaign uniting local businesses to support the community. Highlights include dining events at Michelin-starred Kato benefiting Restaurants Care (through Jan. 27), Maum Market donating a portion of proceeds to the Los Angeles Fire Foundation (through Jan. 31), and a record sale by dublab and In Sheep’s Clothing with all proceeds supporting L.A.’s music community.

Create Floral Art for Wildfire Recovery in Newport Beach

When: Feb. 4

Join Malibu Farm Home Store and Gather Florals in Newport Beach for a meaningful evening of floral arranging to benefit wildfire victims. The workshop includes all supplies and guidance, with 100% of profits going to the CCF Wildfire Recovery Fund. Discover the healing power of floral artistry while giving back to those in need.

Catch a Community Concert in Elysian Park

When: Feb. 8

The Listen to Music in Daylight Under a Tree concert series is dedicating its next event to musicians impacted by recent wildfires. Enjoy live performances from acts like Carlos Nino & Friends, Julia Holter, and Teebs under the sun in Elysian Park. Hosted by Leaving Records, the event supports the L.A. music community, with additional proceeds from a 98-track benefit album aiding wildfire recovery.

Celebrate J Dilla and Support Fire Relief at Dilla Day L.A.

When: Feb. 8

Pay tribute to legendary hip-hop producer J Dilla at The Beehive during Dilla Day L.A. This family-friendly event features DJ sets, live performances from Slum Village and Guilty Simpson, record sales, and donut vendors. Proceeds from this all-ages celebration will support fire relief efforts for those affected by the Eaton fire.

2025 James Beard Semifinalists | L.A. Eats

The James Beard Awards are among the most prestigious honors in the culinary world, celebrating exceptional talent and innovation in food and hospitality. The 2025 semifinalists for California shine a spotlight on the diverse and dynamic culinary landscape of the state. Here’s a closer look at the nominees:

Best Chef: California

Evan Algorri, Etra, Los Angeles

Etra, helmed by Evan Algorri, combines modern elegance with a menu that pays homage to Mediterranean flavors. The restaurant is celebrated for its innovative yet approachable dishes, showcasing Algorri’s expertise in balancing bold flavors.

Danielle Duran Zecca, Amiga Amore, Los Angeles

At Amiga Amore, Danielle Duran Zecca reinvents Italian-Mexican fusion with vibrant, soulful dishes. The cozy eatery exudes charm and creativity, blending cultural traditions with a contemporary twist.

Daniel Castillo, Heritage Barbecue, San Juan Capistrano

Heritage Barbecue is Daniel Castillo’s ode to authentic, wood-smoked barbecue. With a focus on quality meats and traditional techniques, Castillo’s craft has redefined California’s barbecue scene.

Elvia Garcia and Alex Garcia, Evil Cooks, Los Angeles

Evil Cooks is a rebellious culinary concept by Elvia and Alex Garcia, merging street food culture with fine dining ingenuity. Their dishes are bold, daring, and packed with personality.

Melissa López, Barra Santos, Los Angeles

Melissa López’s Barra Santos offers a masterful take on Portuguese-inspired fare. The cozy space delivers both comfort and sophistication, with each dish reflecting López’s passion for storytelling through food.

Charles Namba, Camélia, Los Angeles

Camélia by Charles Namba brings elevated Japanese cuisine to the heart of Los Angeles. Known for its refined tasting menus, the restaurant marries artistry with precision.

Kwang Uh, Baroo, Los Angeles

Kwang Uh’s Baroo continues to innovate with its fermentation-focused dishes. This experimental kitchen is a playground of flavors, blending global influences with sustainable practices.

Jon Yao, Kato, Los Angeles

Jon Yao’s Kato exemplifies the pinnacle of modern Taiwanese cuisine. The Michelin-starred spot is celebrated for its elegant tasting menus and thoughtful storytelling through food.

Outstanding Restaurateur

Daisy Ryan and Greg Ryan, Companion Hospitality, Los Alamos

From the acclaimed Bell’s to Bar Le Cote, the Ryans have redefined hospitality in Los Alamos. Their establishments are lauded for their warmth, precision, and impeccable attention to detail.

Outstanding Chef

Gilberto Cetina, Holbox, Los Angeles

Gilberto Cetina’s Holbox highlights the vibrancy of Yucatecan seafood. From market-fresh ceviches to expertly grilled fish, Cetina’s mastery shines through in every bite.

Outstanding Restaurant

Pasjoli, Santa Monica

Pasjoli elevates French bistro cuisine with California flair. Its luxurious yet welcoming ambiance makes it a standout in Santa Monica’s dining scene.

Emerging Chef

Jesus “Chuy” Cervantes, Damian, Los Angeles

At Damian, Jesus Cervantes brings contemporary Mexican cuisine to the forefront. His creative flair and commitment to seasonal ingredients make him a rising star.

Best New Restaurant

Bridgetown Roti, Los Angeles

Bridgetown Roti celebrates Caribbean flavors with soul-warming dishes like flaky rotis and curried stews. Its vibrant energy and bold menu have captivated diners across Los Angeles.

Outstanding Bakery

Gusto Bread

This artisanal bakery is renowned for its dedication to natural leavening and heirloom grains. Its rustic loaves are a testament to craft and tradition.

Outstanding Pastry Chef or Baker

Nicole Rucker, Fat + Flour, Los Angeles

Nicole Rucker’s pies and pastries at Fat + Flour are legendary. Her creations combine nostalgic flavors with impeccable technique.

Outstanding Hospitality

République, Los Angeles

République is a masterclass in seamless hospitality. From its inviting design to its impeccable service, the experience is unparalleled.

Outstanding Wine and Other Beverages Program

Strong Water, Anaheim

Strong Water’s curated beverage program is a treasure trove for cocktail lovers and wine enthusiasts. Its creative approach sets it apart.

Outstanding Bar

Thunderbolt, Los Angeles

Thunderbolt blends Southern-inspired charm with innovative cocktails. The bar’s warm atmosphere and inventive drinks make it a favorite.

Outstanding Professional in Cocktail Service

Tobin Shea, Redbird, Los Angeles

Tobin Shea’s cocktail program at Redbird is a symphony of flavors. His expertise and artistry have made Redbird a go-to destination for craft cocktails.

These semifinalists represent the vibrant tapestry of California’s culinary scene, each offering unique experiences and undeniable talent. Congratulations to all!

Celebrating Lunar New Year | Out & About

Southern California is ringing in the Lunar New Year with a variety of vibrant celebrations, cultural activities, and delicious food. From family-friendly events at theme parks to immersive cultural festivals, there’s something for everyone to enjoy. Here’s a roundup of must-attend Lunar New Year events happening across the region to celebrate the Year of the Snake!

Lunar New Year Celebration at Disney California Adventure

When: Until February 16
Where: Anaheim
Celebrate the Lunar New Year at “the happiest place on earth”! Disney California Adventure rings in the Year of the Snake with vibrant multicultural festivities. Kids will love meeting Mulan, Mushu, Mickey, Minnie, and characters from Turning Red, while adults can indulge in delicious bites inspired by Chinese, Korean, and Vietnamese cuisines. By day, Mulan’s Lunar New Year Procession fills the park with dancers, a dazzling dragon puppet, and lively characters. In the evening, catch “Hurry Home – A Lunar New Year Celebration,” a special pre-show leading into the spectacular World of Color.

Lankershim Lunar Block Party

When: January 25
Where: Lankershim Boulevard, North Hollywood
The L.A. Department of Cultural Affairs and MAUM, an Asian makers’ market, are hosting the third annual Lunar Block Party in North Hollywood. This free event celebrates Korean, Vietnamese, and Chinese cultures along Lankershim Boulevard (between Hesby Street and Magnolia Boulevard). Enjoy arts and crafts for kids, shop at the MAUM market, watch lion and dragon dances, and savor delicious bites from Asian-owned food trucks.

Lunar New Year Celebration at Beverly Center

When: January 25
Where: Beverly Center, Los Angeles
Celebrate the Year of the Snake at the Beverly Center’s Grand Court with an afternoon of lion dances, live music, Chinese calligraphy, and more. Sample bites from Yardbird, AB Steak, and Tangtastic, paired with Chinese tea cocktails or traditional tea service from Steep LA. Guests will also receive a red envelope with a Beverly Center gift card valued between $10 and $500. Tickets are $30, with all proceeds matched and donated to the LAFD Foundation.

Lunar New Year Festival at the Huntington

When: February 1–2
Where: Huntington Botanical Gardens & Library, San Marino
Celebrate the Lunar New Year in the stunning Chinese Garden at the Huntington Library. Welcome the Year of the Snake with two days of lion dances, mask-changing performances, martial arts demonstrations, floral art, and music ranging from Cambodian classical to Chinese opera. Savor festive treats like sushi burritos and creamy shaved ice from on-site food trucks. Advance tickets are required.

Lunar New Year at Santa Monica Place

When: February 8
Where: Santa Monica
Santa Monica Place celebrates the Year of the Snake with cherry blossom wishing trees, craft kits for kids, and shopping deals for adults. Red and gold lanterns decorate the center from January 28 to February 13, but don’t miss the free family-friendly event on February 8 (2–5pm). Enjoy hourly lion dances, live music, dough and balloon artists, and more!

Lunar New Year at the USC Pacific Asia Museum

When: February 1
Where: Pasadena
Pasadena’s Pacific Asia Museum rings in the Lunar New Year with a free afternoon of pan-Asian festivities. Enjoy lion dances, martial arts demonstrations, Korean classical music, opera, and storytime performances in the courtyard. Explore art activities, food trucks, and free admission to the museum’s galleries.

Alhambra Lunar New Year Festival

When: February 8
Where: Main Street, Alhambra
Explore dozens of food and craft booths while enjoying dragon dances, kung fu demonstrations, live candy sculpting, and more at this vibrant street festival. For those new to Lunar New Year traditions, the “cultural passport” experience highlights how different regions celebrate the holiday. This annual event on Alhambra’s Main Street celebrates the rich diversity of the San Gabriel Valley.


Make this Lunar New Year one to remember with these unique celebrations showcasing the cultural richness of the season!

Replacing Essentials Documents | Rodeo Realty Weekly Tips

Recovering from a disaster like the recent Los Angeles fires is an emotionally and logistically overwhelming process. Beyond dealing with the physical loss of property, the absence of essential documents can compound feelings of uncertainty and stress. However, knowing where to start and which steps to take can make all the difference. This guide will walk you through the process of reclaiming critical documents, accessing resources, and ensuring your recovery is as smooth as possible.

Top 6 Essential Documents to Recover

In the aftermath of the LA fires, the following documents are essential to regain access to important services, establish your identity, and begin rebuilding:

1.Passport

2.Driver’s license or California Real ID (Remember, California residents must have a Real ID by May 7.)

3.Property deed (if you’re a homeowner)

4.Birth certificate

5.Marriage certificate

6.Home or renter’s insurance documents

Each document plays a crucial role in navigating post-disaster recovery, from proving ownership to accessing financial aid.

How to Replace Your Lost Documents

Passport

The U.S. Department of State can waive application and file search fees for passports lost due to disasters under the Disaster Recovery Reform Act of 2018. Los Angeles fire victims qualify for this assistance. Visit the U.S. Department of State website to get started.

Driver’s License or Real ID

California residents can visit a Disaster Recovery Center (DRC) or their local DMV for free replacements. Online appointments can also be made via the California DMV website.

Property Deed

Los Angeles County residents can request replacement property records at no cost by contacting the Registrar-Recorder/County Clerk office at (800) 201-8999 or emailing rrccfireassistance@rrcc.lacounty.gov.

Birth and Marriage Certificates

Reach out to the county recorder’s office where the event occurred. Fire victims in Los Angeles County can obtain these records at no charge by following the same process used for property deeds. More details are available on the California Department of Public Health website.

Insurance Documents

Call your insurance provider to request a copy of your policy, including the declarations page. California law mandates that insurers provide these documents free of charge within 30 days of your request.

What Address Should You Use for Replacements?

If you’ve lost your home, consider these options:

Rent a P.O. Box: Apply online through the USPS and verify your identity at the local post office.

Forward Mail: Submit a change-of-address order online or at a post office. Be prepared to verify your identity using a valid credit or debit card.

Alternatively, have your mail delivered to a trusted friend or family member.

Where to Get Help

Disaster Recovery Centers have been set up at:

UCLA Research Park West: 10850 W. Pico Blvd., Los Angeles, CA 90064

Pasadena City College Community Education Center: 3035 E. Foothill Blvd., Pasadena, CA 91106

Open daily from 9 a.m. to 8 p.m., these centers house representatives from state agencies like the DMV, Department of Social Services, and Public Health-Vital Records to assist you.

How Long Will Recovery Take?

Timelines vary depending on the agency. However, most organizations prioritize disaster-related requests to expedite processing.

Mental Health Support

Rebuilding after a disaster isn’t just about recovering documents. Emotional resilience is just as critical. If you need support:

•Call the Los Angeles County Department of Mental Health Help Line at (800) 854-7771.

•Text 741741 for confidential, 24/7 crisis support.

•Lean on friends and family or seek telehealth mental health services, many of which offer free support to fire victims.

Recovering from Loss with Resilience

Facing the aftermath of the LA fires requires courage and persistence. By addressing the practical steps of document recovery while prioritizing mental well-being, you can begin the journey toward rebuilding your life and finding stability once again. For more detailed guidance, visit your local Disaster Recovery Center or trusted community resources.

Economic Update | Week Ending January 18, 2025

Weekly Economic Update Banner
Inflation continued to rise in December – The Consumer Price Index (CPI) showed that consumer prices increased 2.9% year-over-year December, its third straight month of year-over-year increases, and its highest level in five months. The CPI peaked at 9.1% in June 2022 and worked its way down to a 2.4% year-over-year increase in September but has increased every month since its September low. Core CPI, which excludes volatile food and energy costs, rose 3.2% year-over-year in December, down from 3.3% in November. The Produce Price Index (PPI) showed that wholesale prices increased 3.3% year-over-year in December, up from a 3% year-over-year increase in November. Core PPI increased 3.5% year-over-year in December, up from 3.3% in November. Mortgage rates and bond yields increased early in the week but ended the week lower than they were on Wednesday as experts had forecasted inflation to rise even more than it did.

Below is a chart of the CPI rate from 2021

Stock markets – The Dow Jones Industrial Average closed the week at 43,478.83, up 3.7% from 41,938.45 last week. It is up 2.2% year-to-date. The S&P 500 closed the week at 5,996.96, up 2.9% from 5,827.04 last week. The S&P is up 2% year-to-date. The Nasdaq closed the week at 19,630.20, up 2.4% from19,161.63 last week. It is up 1.7% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 4.61%, down from 4.77% last week. The 30-year treasury bond yield ended the week at 4.84%, down from 4.96% last week. We watch bond yields because mortgage rates follow bond yields.

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of January 16, 2025, were as follows: The 30-year fixed mortgage rate was 7.04%, up from 6.93% last week. The 15-year fixed was 6.27%, up from 6.14% last week.

The graph below shows the trajectory of mortgage rates over the past year.

For those of you that are displaced by the recent fires, we are so sorry to see you going through this situation. We had the opportunity to tour the devastation. It is beyond belief. As we wait to re-enter our properties and learn to live in our communities devastated by fire, we are all bracing ourselves for the uncertainty ahead. The rebuilding process will be complicated and painful, but someday down the line, our area will be new and pristine. While our hearts are broken by what we have experienced we are here for those in need. Our Realtors have and will continue to work 24/7 to help people find shelter. Even our Realtors who have lost their homes, our Palisades office, all their belongings, etc. are working tirelessly to find housing for their friends and neighbors. We commit to being around for anything that you need. If you need help with finding resources, FEMA, SBA, understanding your insurance coverage, housing, food clothing, etc. reach out to me. We have resources at Rodeo Realty to help you. You do not have to be a client. We are here to help anybody in need.

Please stay safe!

Mortgage Rate Update | January 16, 2025

Mortgage rates – Every Thursday Freddie Mac publishes interest rates based on a survey of mortgage lenders throughout the week. The Freddie Mac Primary Mortgage Survey reported that mortgage rates for the most popular loan products as of January 16, 2025, were as follows:

The 30-year fixed mortgage rate was 7.04%, up from 6.93% last week. The 15-year fixed was 6.27%, up from 6.14% last week.

The graph below shows the trajectory of mortgage rates over the past year.

Freddie Mac was chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing. Their mandate is to provide liquidity, stability, and affordability to the U.S.