The California values are up a moderate 3.1% year over year. Inventory is up marginally, time on the market up, and the Affordability Index is flat, thanks to low interest rates have lasting longer than expected. If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals www.mres.com [email protected] Specialist in the Art of Real...Continue Reading!
The FHA monthly mortgage insurance premium drops January 26 by .50%. This is to make it more competitive with Freddie Mac and Fannie Mae's 3% down programs. The FHA Up Front Mortgage Insurance Premium will still be 1.75%. The better quality borrowers have migrated to conventional financing because the cost of FHA financing has been very expensive. FHA insurance has had several premium increases over the past few years. The buyer's that can't qualify for conventional financing have been pushed to use...Continue Reading!
Free workshop Tuesday January 20 6:30pm, and Saturday January 24 2:30pm conducted by the Economic and Financial Education Council a group of professionals, with expertise in different areas that affect the finances of families and individuals, providing free educational workshops for the community.Continue Reading!
Presentation – Using Fiverr and Other Outsourcing Methods to Increase Productivity and Lower Employee Costs
Thinking about ways to expand your web presence, marketing, and social media but don't have the skills, time, or want to take on the expense of adding full time employees? Learn the tricks of the trade of using Virtual Assistance, and the pros and cons of international outsourcing from Ron Henderson President / Broker of Multi Real Estate Services this Friday January 9 at 8:30am at the OutWest Marketing Meeting Weiler's West Hills Deli (Conference Room) 22323 Sherman Way, Canoga...Continue Reading!
Ron Henderson President/Broker of Multi Real Estate Services Los Angeles, CA discusses a new Fannie and Freddie appraisal “review” system that could possibly turn the real estate industry upside down with delays, higher costs and dead deals. The Collateral Underwriter is active January 26, 2015. If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association...Continue Reading!
California real estate values dropped a huge 59% from it's peak May of 2007 to it's bottom February 2009. Then the big money realized housing was priced below it's long term fundamental levels. The institutional and foreign investors came in hard, pushing aside the traditional domestic buyers, and drove the prices up for the past couple years. Over the past few months the institutional buyers have pulled back from their heated buying frenzy. The upside, domestic buyers have more inventory to...Continue Reading!
According to the Housing Vacancy Survey conducted by the Bureau of the Census, U.S. housing demand grew by 541,000 households between Q3 2013 and Q3 2014, while the national homeownership rate declined 90 bps—from 65.3% to 64.4%. Over this period, total household growth and the decline in the homeownership rate produced an increase of 1.2 million renter households nationally, including single-family renter households. As of Q3 2014, the homeownership rate was at its lowest level since 1995. Unfortunately there is a...Continue Reading!
The San Fernando Valley residential real estate market over the past couple months has shown a very stable condition. If we reference the charts, the active inventory level has been flat over the past few months. This is after a major inventory increase over the past year and a half. The quantity of sales have been flat since March. The prices have dipped fractionally over the past couple months. Properly priced properties that show well, and don't have negative attributes, can...Continue Reading!
Beautiful remodeled 3 Bedroom 3 Bath Valencia Northbridge Pool Home, located on a very private lot in a cul-de-sac. Upgrades throughout. The entertainer’s backyard features a private sparkling pool, spa and waterfall that augments the HOA pool, spa, clubhouse, tennis courts, basketball courts and other amenities. The remodeled kitchen features newer cabinetry, top of the line appliances and granite counters. Enjoy eating at the kitchen counter, or in the breakfast nook. Large walk-in closet in master. Great location. Close to...Continue Reading!
The San Fernando Valley real estate market continues it's transition from a seller's market to one of neutrality. A "well priced" listing can still move fast. A poorly priced property can sit on the market, and take price reductions. When looking at the most recent real estate statistics, the primary numbers to reflect on are the continuing growth in unsold inventory, days on the market, and resulting month over month drop in the median home price. The year over year...Continue Reading!