California's housing is seeing extreme price appreciation due to historically low-interest rates driving sales, and low inventory. A basic supply and demand equation. The active listing inventory is half of what it was last year. Well priced properties receive multiple offers within ... » Learn More about California Housing Median Price Jumping, Inventory Half of 2019
California Proposition 19 is Smart and Expands On Prop 13 (60 & 90) – I Recommend Voting Yes
Presently a senior person over 55 years old can transfer their principal residence property tax basis one time, between a handful of counties in the state, and the purchased property price is limited as it has to be for less than the sales price of the sold property, or the transfer can't be ... » Learn More about California Proposition 19 is Smart and Expands On Prop 13 (60 & 90) – I Recommend Voting Yes
Los Angeles Planning Dept Playing Catchup For Needed Housing
The California State Housing Element Law was established in 1969. It requires jurisdictions to do their “fair share” around planning for adequate affordable housing (RHNA). It requires a review of the General Plan and must be updated every 8 years. It recognizes that housing is a critical need and ... » Learn More about Los Angeles Planning Dept Playing Catchup For Needed Housing
Mortgage Rates Still Great, But Two Elements Pushing Them Up
As can be seen in the chart of the 10 year note interest rates, the long-term yields of the interest curve have been trickling up over the past week. This is the part of the curve that has an effect on 30 year fixed mortgage rates. The secondary money market is looking at the economy picking up, and ... » Learn More about Mortgage Rates Still Great, But Two Elements Pushing Them Up
The Mortgage Rate Dropping Relative to the 10 Year Treasury
The US 10 yr treasury rate and the Conforming 30 year mortgage rate track well together. The mortgage rate always has a premium relative to the treasury. Even in the best of times, the US treasury will always be a more secure investment than a mortgage, even though it's secured by real estate. ... » Learn More about The Mortgage Rate Dropping Relative to the 10 Year Treasury