The local multiple listing service has eliminated the ability to note an open house in the system. This is in reaction to guidance from the California Association of Realtors to meet the "Stay at Home" order. Property showings should be done using technology, avoiding personal physical ... » Learn More about COVID-19 Real Estate Sales and Temporary Loan Guideline Changes From Freddie and Fannie
Potential Issues Funding Home Purchase and Refinance Loans Due to COVID-19 & the Stay at Home Order
I’ve heard “I didn’t think of that” from several real estate professionals lately. Time to wake up. The COVID-19 virus scenario is going to put purchase loans and refinances at risk in several ways. The Ability to Repay Act portion of the Dodd Frank Regulations requires that the lender of a ... » Learn More about Potential Issues Funding Home Purchase and Refinance Loans Due to COVID-19 & the Stay at Home Order
Gov’t $1T Stimulus Plan Pressures Mortgage Rates Higher
A lot has changed in the past two weeks, by the hour. It seems every day the gov’t on the local and federal level are attacking the COVID-19 virus and the economic consequences expeditiously. Regardless of the Fed Funds rate being cut to 0-.25% there are multiple dynamics affecting mortgage rates ... » Learn More about Gov’t $1T Stimulus Plan Pressures Mortgage Rates Higher
San Fernando Valley Median Real Estate Prices 1959-2019
These are the median prices for San Fernando Valley residential real estate since 1959. Great info that you won't find anywhere else. Note: Median prices are where half the properties sold have a higher cost, and half are lower. It's not the average price. Over the past year property values are ... » Learn More about San Fernando Valley Median Real Estate Prices 1959-2019
California Real Estate Market at a Glance December 2019
The December California state real estate numbers have a few striking year over year elements that show the stronger market in 2019 compared to 2018. The affordability Index is better by 14+%, even though the median price is up 10%, primarily because the interest rates are a full percent lower than ... » Learn More about California Real Estate Market at a Glance December 2019