When looking at the California state housing numbers year over year relative to January 2019 the median price is up 7.3%, and inventory is down 26.1%. This is the result of the interest rates being substantially lower than a year ago, increasing the Affordability Index 11.6% to 31%. If you are in ... » Learn More about California Housing Market at a Glance January 2020
FHFA Announces Higher Maximum Conforming Loan Limits for 2020
The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2020. In most of the U.S., the 2020 maximum conforming loan limit for one-unit properties will be $510,400, an increase from $484,350 in ... » Learn More about FHFA Announces Higher Maximum Conforming Loan Limits for 2020
Case-Shiller Shows Los Angeles Real Estate Appreciating
The Case-Shiller Home Price Indices were released today. Even though it's a lagging index (by two months), it's one of the more accurate gauges of the health of the housing market. Los Angeles reflects at .5% increase from August to September, and year over year 1.7% increase. Properties are ... » Learn More about Case-Shiller Shows Los Angeles Real Estate Appreciating
Los Angeles County Real Estate Report Card November 2019
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 ... » Learn More about Los Angeles County Real Estate Report Card November 2019
Mortgage Rates Pop over China News (Again)
What a year for interest rates! The 10 year note, which we follow as it most correlates with 30 year fixed mortgage rates, was at 3.25% back in September 2018. A year later in September of this year it dropped all the way down to 1.44%! Now over the past two month’s rates have had broad swings, but ... » Learn More about Mortgage Rates Pop over China News (Again)