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Ron Henderson

California Property Price Growth Accelerates

California Single Family Housing Price Chart 2015- Sept 2020

The chart says it all. Due to low interest rates, substantial buyer motivation and low inventory, California property values have jumped substantially over the past 5 months. At some point, the interest rates will go up, and pricing will get to a point where the affordability will be affected, ... » Learn More about California Property Price Growth Accelerates

Filed Under: Market Updates Tagged With: California property values, California Real Estate market

San Fernando Valley Housing Statistics October 2020

San Fernando Valley Escrows Opened October 2020

The San Fernando Valley housing market is still hot, but there will be changes coming. The number of new sales are still high, dealing with a slight seasonal easing, but also limited by low inventory. The available inventory is edging up but still substantially lower than historical ... » Learn More about San Fernando Valley Housing Statistics October 2020

Filed Under: Market Updates, Mortgage Rates Tagged With: California Real Estate market, mortgage rates, San Fernando Valley Real Estate Market

Interest Rates Have Never Been Lower

Historic Interest Rates 1971-Sept 2020

As you can see in this chart of long term interest rates going back to 1971, interest rates pertaining to the 10 year note and the 30 year fixed rate mortgage have never been lower. To offset the economic effects of the COVID Pandemic, the Federal Reserve has been conducting Quantitative ... » Learn More about Interest Rates Have Never Been Lower

Filed Under: Mortgage Rates Tagged With: Current interest rates, Historic Mortgage rates

California Housing Market: Sales Up, Price Sets New Record, Supply Lowest in Years

California Housing Statistics 101620

Historically low interest rates continue to drive sales. Low inventory pushing up pricing. 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, CIASPresident/BrokerMulti Real Estate Services, ... » Learn More about California Housing Market: Sales Up, Price Sets New Record, Supply Lowest in Years

Filed Under: Market Updates Tagged With: California Real Estate market

Income to Purchase Loan Guide San Fernando Valley Single Family Homes September 2020

Income to Loan Guide 0920

This is a ballpark guide on what it would take financially to purchase a median-priced home in the San Fernando Valley. Interest rates are still at historic lows, pricing has been appreciating at a substantial pace over the past 5 months. The 80% Loan to Value (LTV) is only a guide. There are ... » Learn More about Income to Purchase Loan Guide San Fernando Valley Single Family Homes September 2020

Filed Under: Market Updates, Mortgage Rates Tagged With: San Fernando Valley Real Estate Market

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Ron Henderson

(818) 999-3981

ronh@mres.com

Multi Real Estate Services, Inc

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