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
Market Updates
San Fernando Valley Housing and Mortgage Rate Update May 2024
In a nutshell the housing market and mortgage rates are basically in a status quo position. Housing active inventory is up but still tight from potential sellers being locked in with historically low interest rates. Overall sales are active. Well priced listings in the lower price range sell ... » Learn More about San Fernando Valley Housing and Mortgage Rate Update May 2024
California Q1 2024 Housing Affordability Index
If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free to contact me Ron Henderson GRI, SRES, SFR, RECS, CIAS, CREN, GREENPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about California Q1 2024 Housing Affordability Index
San Fernando Valley Real Estate Market Update March 2024
The mortgage rates have had gyrations over the past few months, presently just under 7% for the 30-year fixed. The buyer base is getting accustomed to the higher rates, but rates still affect the affordability, especially when paired with the property values going up. In a normal housing ... » Learn More about San Fernando Valley Real Estate Market Update March 2024
How The Real Estate Sales System Will Change Post NAR Settlement – Pros and Cons
The real estate business model, how buyer and seller representation is constructed, commissions paid, and transactions negotiated is presently in a period of transition. I’m not going to get into the weeds on the seller and buyer lawsuits, the DOJs reneging on a prior negotiated agreement, etc. ... » Learn More about How The Real Estate Sales System Will Change Post NAR Settlement – Pros and Cons