Darryl L Gray

REALTOR® - Broker Associate

424-303-9759 m
424-303-9759 o
CalBRE: 01330580
NMLSR ID: 187523972

Irvine Office 2405 McCabe Way, Suite 100 & 110
Irvine, CA 92614
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The Best in Business Services

Darryl L. Gray
Berkshire Hathaway California Properties
2405 McCabe Way, #100
Irvine, Ca 92614
Tel: 424-303-9759

San Francisco University - B.S. Business Admiinistration 1984
UCLA - 39 Unit Certificate in Real Estate with an emphasis in Investments 2003
UCLA - 39 Unit Award in Accounting 1999

Licensing: California Real Estate Broker

Membership: California Association of Realtors

I'm proud to say that I'm working on behave of Berkshire Hathaway California Propperties in an effort to provide my clients with the best in business services. I have 15 years of experience in working as an independent Broker, Coldwell Banker, Prudential California Realty, and Berkshire Hathaway. I specialize in selling property all throughout Southern California: Orange County, Los Angeles County, Riverside County, San Diego County,and San Bernadino County. And I honor our veterans and law enforcement agents.

Assistance is provided as property searches and are conducted to facilitate the aquisition of both residentail and commercial properties. Guidance is provided in securing the funding needed to close escrows. Lenders are typically looking for a 10% down payment for single family homes, 20 to 25% for multi million dollar properties. veterans are exempt.,Refinancing is a popular source of funding needed to purchace additional properties. In calculating the desired mortgage payment, a cash flow statement formed; objectives, sources, and uses of funds are stated.

The interest rate on a 30-year fixed mortgage has been averaging 4.16%, according to giant Freddie Mac. That is up from 3.54% in the week prior to the election, though down from the high of 4.32% at the end of 2016. Rates have as investors believe that President Trump's promised tax cuts and new infrastructure could lead to stronger growth and higher inflation.

Southern California home prices and sales jumped in January from a year earlier, sign buyers rushed as to purchase homes as mortgage rates rose following the presidential election. Sales the 6 county region rose 5.4% to reach the highest rate in 4 years. The Southland's median price for new and resale homes rose 5.3% from January 2016 to $455,000. The price gains add to a four year of a rising market, a rersult of a strong job market, low mortgage rates and a shortage of homes for sale.The strong January sales numbers I the national housing market, where Americans the previous month purchased homes at the highest rate in a decade.In Orange County, the median price climbed 2.6% to $635,000, Los Angeles County 7.1% to $525.000, Ventura County 2.2% to $510,000, in San Bernadino County 6.8%, to $283,000, in Riverside County 6.5% to $330,000,, and in San Diego County 7.0 to $495,000.

Dispite the recent strong sales,there has been questions over how long price increases can last', particularly if mortgage rates continue their upward climb. Southern Canlifornia'median price fell 3.2% from December'dispite being higher than a year ealier. Tne median - the point half homes sold for more and half for less - also is below the $465,000 level reached last June, which was a nine-year high at the time. Prices have climbed far faster than incomes in the resent years and as of the end of last year, only 31% of Californians could reasonably afford the median price house in the state according to the Califonia Assocation of Realtors.

The recent dip may be normal seasonal fluctuations given there is usually less demand during the Fall and Winter months. The 3% decline from December was in line with histrical norms. A clearer picture wlll emerge in coming months, during the typically busy spring home buying season.

I also have in depth knowledge in the field of finance.In addition to real estate investments, a well managed estate should feature a balanced portfolio ( hedge funds, mutual funds,bonds, stocks, calls,puts, options, commodities, ect). Risk is controlled through diversification. A beta coefficient is used to measure risk. The security market line is a graphic display, conveying the relationship between the beta and the expected return. The slope of the line is equal to the market risk premium. A beta of one would indicate that the investment is at market risk. As the beta increases, so does the risk, and possibility of greater gain.

Professionally yours, Darryl Gray

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