The supply and demand inequalities continue to drive the median residential real estate prices higher across California. Even though added housing stock would be advantageous to handle the pent-up demand, builders are having issues finding skilled labor, having supply chain issues getting ... » Learn More about California Residential Real Estate Strongest Price Growth Ever Recorded
Market Updates
Comparing San Fernando Valley Active Housing Inventory 2007 vs 2021
Supply and Demand is a basic economic fundamental. We all know in the present real estate market any well-priced listing in the Los Angeles region, in all price ranges, will have multiple offers to purchase it. Without getting into the causes of the market issues during the Great Recession in ... » Learn More about Comparing San Fernando Valley Active Housing Inventory 2007 vs 2021
California Real Estate Market at a Glance March 2021
The most note worthy elements of the California March 2021 housing statistics are the Median price is up 24% year over year, the unsold inventory is down 40% compared to last year and the median time on the market is only 8 days. No doubt the property values will continue to appreciate at a high ... » Learn More about California Real Estate Market at a Glance March 2021
How Much Income Does It Take To Buy A Median Priced Home In The San Fernando Valley?
Even though the interest rates are attractive, the appreciating property values continue pushing higher the income needed to qualify for the purchase using a standard 80% loan to value 30 year fixed loan. Make note, the median priced home in the San Fernando Valley is now over $900,000 ! If ... » Learn More about How Much Income Does It Take To Buy A Median Priced Home In The San Fernando Valley?
Los Angeles Real Estate Report Card March 2021
Broken record... The Los Angeles property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of housing construction to keep up with ... » Learn More about Los Angeles Real Estate Report Card March 2021