Mortgage rates are up around 2% since the beginning of 2022. The word of the year is inflation. The Federal Reserve now admits that the “Transitory Inflation” they were expecting while keeping the rates artificially low to offset the Covid close down economic hit, is much stickier than expected. The ... » Learn More about Mortgage Rates Are Up – But Not Relative To History
San Fernando Valley Los Angeles Real Estate Market Report April 2022
San Fernando Valley real estate is starting to feel the effects of higher mortgage rates, and high property values... but the supply of homes is still substantially lower than the general population needs. What does that mean? Property values will continue to appreciate, abet at a lower rate than ... » Learn More about San Fernando Valley Los Angeles Real Estate Market Report April 2022
Why the Structural Elements of New Housing Construction and Age Demographics Feeds Into a Continuing Strong Real Estate Market
Housing follows the basic economic 101 fact that if demand is higher than supply, pricing will go up. The age chart reflects the Millennials are in their prime housing formation years. The aging population is staying put, and the average time of housing retention used to be 7 years, now it's 11. ... » Learn More about Why the Structural Elements of New Housing Construction and Age Demographics Feeds Into a Continuing Strong Real Estate Market
California, Los Angeles, San Fernando Valley Housing Statistics February 2022
As you can see in the attached charts, the real estate market still remains strong going into the Spring 2022 buying season. The only tricky part is what's going to happen with consumer confidence and the interest rates because of Geopolitical issues, high inflation, the Federal Reserve increasing ... » Learn More about California, Los Angeles, San Fernando Valley Housing Statistics February 2022
Los Angeles Controller Calls Out Slow Progress and Inefficient Spending On Emergency and Affordable Housing
The following is a release from the Los Angeles Controller on the inefficient spending of funds allocated to take care of the homeless issues in Los Angeles. Los Angeles Controller Ron Galperin is the taxpayers’ watchdog at City Hall, making sure public dollars are spent efficiently and effectively. ... » Learn More about Los Angeles Controller Calls Out Slow Progress and Inefficient Spending On Emergency and Affordable Housing