The San Fernando Valley hot housing market continues through the end of 2020 on a high note. Sales are still driven by historically low interest rates, and prices pushed higher from low inventory. Basic supply and demand out of balance. The attached charts reflect the levels of newly opened ... » Learn More about San Fernando Valley Housing Statistics December 2020
Fed Keeps Rate at 0% Till 2023, Continues Buying Mortgage Backed Securities
Today's Federal Reserve FOMC meeting statement basically indicated that they expect to leave the overnight Fed Fund's Rate at 0 -.25% till 2023, and will continue their asset purchases of $80B in US Bonds and $40B a month in mortgage backed securities till they see employment stability and inflation ... » Learn More about Fed Keeps Rate at 0% Till 2023, Continues Buying Mortgage Backed Securities
Big Changes and Flexibility On Mortgage Qualifying Coming
The Consumer Financial Protection Bureau (CFPB) just issued final rules related to the Ability to Repay portion of Qualified Mortgage (QM). This will allow for some compensating factors for qualifying for a Freddie or Fannie loan, instead of the 43% Debt to Income (DTI) ratio. This change from ... » Learn More about Big Changes and Flexibility On Mortgage Qualifying Coming
FHFA Regional House Price Index
The Federal Housing Finance Agency's price index reflects substantial price increases throughout the nation month over month and year over year. The FHFA index covers single-family dwellings in the price range that would utilize Freddie Mac and Fannie Mae loans. Generally, that would include low to ... » Learn More about FHFA Regional House Price Index
Los Angeles Real Estate Report Card November 24 2020
Property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of new housing construction to keep up with the number of new housing ... » Learn More about Los Angeles Real Estate Report Card November 24 2020