I’ve mentioned this before, but the real estate headlines you see on the news are often behind the curve. Take today’s news: “Existing-home sales picked up in October, rising 3.4% for the month to a pace of 3.96 million. They also notched the first year-over-year gain (+2.9%) since July 2021. ... » Learn More about Behind the Headlines: What October’s San Fernando Valley, Los Angeles Housing Market Really Tells Us
Market Updates
Renter vs Homeowner – Benefit of Ownership
Talk about a winning choice! The average homeowner's net worth is 42 times that of a renter. Homeownership builds significant, long-term wealth and is a strategic move towards securing your financial future. If you are in the Los Angeles area, and have any questions or real estate sales or ... » Learn More about Renter vs Homeowner – Benefit of Ownership
Why Proposition 33 Misses the Mark on Housing Affordability
Proposition 33 has numerous unintended consequences. Economists across the political spectrum agree that rent control fails to address the root causes of housing affordability. By discouraging new apartment construction and deterring investment in rental properties, rent control exacerbates the very ... » Learn More about Why Proposition 33 Misses the Mark on Housing Affordability
Key Factors Driving San Fernando Valley’s Real Estate Market: Rates, Inventory, and Insurance
The residential real estate market in the San Fernando Valley, Los Angeles region, has stabilized. Inventory is up but still remains moderate by historical standards. The quantity of sales has dropped, and affordability remains tight. The recent drop in mortgage rates, from 8% in October 2023 ... » Learn More about Key Factors Driving San Fernando Valley’s Real Estate Market: Rates, Inventory, and Insurance
Is it a buyer’s or Seller’s market for housing? San Fernando Valley Real Estate Market Update July 2024
Is it a buyer’s or Seller’s market for housing? It depends, but it’s more balanced than it has been for a while. A real estate market is always based on locality, supply, and demand. On a national level there are areas in the South where there’s plenty of land available, and less regulatory ... » Learn More about Is it a buyer’s or Seller’s market for housing? San Fernando Valley Real Estate Market Update July 2024