Nothing like a bug in Asia to send our rates lower. The interest rates were already substantially lower than they were a year ago, because of economic weakness in Europe and the China trade malfunctions. Now since the China Phase 1 trade deal has been signed, the Corona Virus is replacing trade as ... » Learn More about Corona Virus Drops Interest Rates to New Lows
Market Updates
California Housing Market at a Glance January 2020
When looking at the California state housing numbers year over year relative to January 2019 the median price is up 7.3%, and inventory is down 26.1%. This is the result of the interest rates being substantially lower than a year ago, increasing the Affordability Index 11.6% to 31%. If you are in ... » Learn More about California Housing Market at a Glance January 2020
San Fernando Valley Median Real Estate Prices 1959-2019
These are the median prices for San Fernando Valley residential real estate since 1959. Great info that you won't find anywhere else. Note: Median prices are where half the properties sold have a higher cost, and half are lower. It's not the average price. Over the past year property values are ... » Learn More about San Fernando Valley Median Real Estate Prices 1959-2019
California Real Estate Market at a Glance December 2019
The December California state real estate numbers have a few striking year over year elements that show the stronger market in 2019 compared to 2018. The affordability Index is better by 14+%, even though the median price is up 10%, primarily because the interest rates are a full percent lower than ... » Learn More about California Real Estate Market at a Glance December 2019
Case-Shiller Shows Los Angeles Real Estate Appreciating
The Case-Shiller Home Price Indices were released today. Even though it's a lagging index (by two months), it's one of the more accurate gauges of the health of the housing market. Los Angeles reflects at .5% increase from August to September, and year over year 1.7% increase. Properties are ... » Learn More about Case-Shiller Shows Los Angeles Real Estate Appreciating