If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals BRE #00905793 ... » Learn More about Seller’s Real Estate Market Challenges
Market Updates
Won’t New Housing Construction Reduce Rents? Yes, It’s All Supply and Demand
You may have heard someone say “We’re building like crazy, why aren’t prices going down?” You may have even thought: does supply and demand not apply to housing? But it largely does! While housing economics can be more nuanced at the local level in short periods – in a gentrifying neighborhood new ... » Learn More about Won’t New Housing Construction Reduce Rents? Yes, It’s All Supply and Demand
Southern California Housing Year Over Year Pricing (Up) and Sales (Down)
Available inventory continues to be the story in Southern California housing numbers. Housing affordability is an issue, as incomes haven't kept up with prices, but the demand is still greater than than the available properties for sale, so housing prices continues to march higher. The quantity of ... » Learn More about Southern California Housing Year Over Year Pricing (Up) and Sales (Down)
California Real Estate Market at a Glance
Tis the season, and unsold inventory remains low, so the property values continue to trend higher. The spring season brings out the buyers. The quantity of housing sales are up 6.9% year over year compared to 2016, but there would be more sales if the inventory level was more in balance with the ... » Learn More about California Real Estate Market at a Glance
Los Angeles Real Estate Appreciation, Inventory and Affordability Index
It's all about supply and demand. The quantity of available inventory is still at historic lows. Expect good appreciation throughout 2017. The main takeaway from these statistics is the long term Los Angeles regional appreciation of over 5 1/2% on average for the past 42 years. Rents have recently ... » Learn More about Los Angeles Real Estate Appreciation, Inventory and Affordability Index