This article reiterates what I've been conveying for many months. Especially in the Los Angeles region, the first time, or traditional local buyers of real estate, have been left behind during this housing recovery because they have been shut out by investors with all cash transactions. Wall Street ... » Learn More about Housing Recovery Increasingly Prices Out First-Time Buyers
What Do Most Homeowners Like to Do in Their Yards?
Real Estate Market Update San Fernando Valley, Los Angeles California June 25, 2013
http://www.youtube.com/watch?v=ohTjyQOKes0&feature=youtu.be Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for CAMP gives an overview of the present real estate market, inventory issues, and statistics for the San Fernando Valley region of Los Angeles ... » Learn More about Real Estate Market Update San Fernando Valley, Los Angeles California June 25, 2013
California’s Share of Real Estate Equity Sales Up Sharply, Distressed Sales Down
Pending home sales are forward-looking indicators of future home sales activity that offer solid information on future changes in the direction of the market. May's Pending and Distressed Home Sales report showed that the share of equity sales in May increased to 78.2%, up from 75.6% in April. ... » Learn More about California’s Share of Real Estate Equity Sales Up Sharply, Distressed Sales Down
Interest Rates Up Big (Again)!
While watching Federal Reserve Chairman Bernanke's news conference today, I was watching the interest rates jump. Several of my lenders didn't just have rate increases, they stopped locking loans, because of the rate volatility. The bottom line, the rates have gone up substantially since May 3 on ... » Learn More about Interest Rates Up Big (Again)!