Author Archives: Erick Gallegos

The Fed decides to Hold rates (E10)

The Federal Reserve has chosen to temporarily halt its pursuit of raising interest rates; however, it asserts its willingness to implement rate hikes if deemed essential, a stance it intends to uphold until the culmination of the year. With the impending Federal Reserve meeting scheduled for next month, a pertinent inquiry arises: will they persistContinue reading “The Fed decides to Hold rates (E10)”

CPI print this week (E9)

The upcoming release of the CPI this week raises the question of whether the Federal Reserve will opt to raise interest rates or maintain their current stance. Speculation regarding this decision is prevalent, and many are curious about the Fed’s intentions in response to the CPI data. To get an accurate understanding of the Fed’sContinue reading “CPI print this week (E9)”

The Fed remains Hawkish (E8)

The Federal Reserve, the central banking system of the United States, continues to demonstrate its unwavering commitment to maintaining a steady 2% inflation rate target. This target serves as a crucial pillar of the Federal Reserve’s monetary policy framework, aimed at promoting price stability and fostering sustainable economic growth. By adhering to this objective, theContinue reading “The Fed remains Hawkish (E8)”

Buyer’s continue to overbid! Is low housing inventory driving prices up? (E7)

Overbidding on houses is contributing to the upward surge in prices due to the basic principles of supply and demand. As demand for housing increases, particularly in competitive real estate markets, buyers are willing to pay more than the asking price in order to secure their desired properties. This excess demand puts pressure on theContinue reading “Buyer’s continue to overbid! Is low housing inventory driving prices up? (E7)”

Will the fed increase rates? (E6)

This week the Fed will be meeting and determine if a rate hike is necessary. Increasing interest rates will have the following impact: Borrowing Costs: Higher interest rates increase the cost of borrowing for consumers and businesses. This means that loans for mortgages, car purchases, business investments, and other forms of credit become more expensive.Continue reading “Will the fed increase rates? (E6)”

Let’s discuss Senate Bill 9 (E5)

The California Senate Bill 9, also known as the Housing Opportunity and Mobility Expansion (HOME) Act, allows for the construction of up to four residential units on a single-family lot, where local zoning ordinances allow for it. Here is a brief overview of the process: Under SB-9, an owner of a parcel zoned for single-familyContinue reading “Let’s discuss Senate Bill 9 (E5)”

What is an ADU? (E4)

An Accessory Dwelling Unit (ADU), also known as a granny flat, in-law suite, or backyard cottage, is a secondary dwelling unit with complete independent living facilities, such as its own kitchen, bathroom, and sleeping area within a single-family home’s lot. ADUs are used for various purposes, including providing additional housing for family members, rental income,Continue reading “What is an ADU? (E4)”

The Rise of EJG Consulting Inc (E3)

EJG Consulting Inc is a company that focuses on educating individuals about real estate, finances, the stock market, and Accessory Dwelling Units. The company was incorporated in 2023 with the goal of helping others expand their knowledge and start investing right away. Whether you’re a beginner or have some experience in these areas, EJG ConsultingContinue reading “The Rise of EJG Consulting Inc (E3)”

Who is Erick J. Gallegos (E1)

Erick J. Gallegos graduated from CSULB(California State University of Long Beach) with a B.S in Electrical Engineering and a minor in Applied Mathematics. He began reading books such as Rich Dad Poor Dad where he took in interest in Real Estate. That is where it all began he began researching how to become a RealContinue reading “Who is Erick J. Gallegos (E1)”