Understanding the dynamics of a real estate market is critical. Real estate and economic cycles may have different catalysts, but the ultimate result is the same. Property values go up, and they go down. Over time the values are always higher, but the cycles may take years to cycle through. The ... » Learn More about Buyers Chase the Market Up, Sellers Chase the Market Down
Market Updates
California Real Estate Market at a Glance July 2023
California's real estate market continues to normalize. The year-over-year numbers are skewed as over the last 12 month period, the first 6 months were still a super hot market with artificially low 3% mortgage rates and no inventory... the past 6 months the Federal Reserve is taking away the ... » Learn More about California Real Estate Market at a Glance July 2023
FTC Takes Action to Stop Online Home Buying Firm Opendoor from Cheating Potential Sellers with Misleading Claims about its Home-Buying Service
As I’ve conveyed many times in the past, the iBuyer program costs sellers substantially compared to using the traditional market. The Federal Trade Commission came down on Opendoor, and no doubt Zillow saw this action coming down when they pulled out of their iBuyer operation. Excerpts from the ... » Learn More about FTC Takes Action to Stop Online Home Buying Firm Opendoor from Cheating Potential Sellers with Misleading Claims about its Home-Buying Service
California Real Estate Continues to Normalize
Although recently released data points to rising macroeconomic uncertainty that is beginning to spill over into the housing market, prospective homebuyers are beginning to enjoy some of the benefits of a shifting market. To be sure, rising rates have reduced buyer purchasing power, but rising ... » Learn More about California Real Estate Continues to Normalize
San Fernando Valley Housing Inventory Increases, Pricing to Stabilize
It's all about supply and demand. The inventory of housing stock in the San Fernando Valley is increasing. The tricky part is so are interest rates. What we've experienced over the past few years has been an unhealthy real estate market. The Gov't artificially lowering interest rates to offset the ... » Learn More about San Fernando Valley Housing Inventory Increases, Pricing to Stabilize