San Fernando Valley active inventory is higher than at any point in the past two years, and the sales volume is below the last two years. Even though property values are still appreciating, it is at a much lower level than we've seen over the past 3 years. The supply and demand ratio conveys that ... » Learn More about San Fernando Valley Housing Inventory Up, Sales Down
Study: Multifamily in for Long-Term Shortage
By 2023, there could be up to 4.7 million more renter households due to demographic forces, according to Harvard University's report, The State of the Nation's Housing 2014. But the supply of multifamily rental housing will likely be far less than demand, writes David Brickman, Freddie Mac's ... » Learn More about Study: Multifamily in for Long-Term Shortage
Latest National Housing Affordability Index Lower
At the national level, housing affordability is down for the month of May and lower than a year ago due to a rise in home prices and slower rising mortgage rates. Housing affordability is down for the month of May as the median price for a single family home in the US increased. The median ... » Learn More about Latest National Housing Affordability Index Lower
Fed Considers Final Quantitative Taper in October
The Federal Reserve will probably complete their Quantitative Easing (QE) in October. QE is the unconventional monetary policy used by the Fed to artificially keep long term interest rates down by buying billions of dollars of bonds and mortgage backed securities every month. For several years the ... » Learn More about Fed Considers Final Quantitative Taper in October
Regulators Penalize Lenders for Maternity Discrimination; More Conflicting Regulations
The Justice Department and the Department of Housing and Urban Development (HUD) have issued several monetary penalties this year to lenders for alleged maternity discrimination against loan applicants. Investigators found that lender’s underwriting criteria stated if the applicant is on family ... » Learn More about Regulators Penalize Lenders for Maternity Discrimination; More Conflicting Regulations