From the peak of the recent mortgage rates in October '22 at 7.375%, they then dropped to 6.0% when the Federal Reserve made their last .25% increase in the Fed Funds Rate. The perception of the mortgage bond market was the Fed was beating the inflation monster. But then Rates have been rising at a ... » Learn More about Mortgage Rates On A Roller Coaster
Market Updates
The Unintended Consequences of Recent Rent Control Changes in Los Angeles
The Los Angeles City Council in late January 2023 just passed an expansion of the Rent Stabilization Ordinance. This modification is applicable only to the rental properties in LA City not LA County. LA County extended the County’s COVID-19 Tenant Protections Resolution (formerly the LA County ... » Learn More about The Unintended Consequences of Recent Rent Control Changes in Los Angeles
Los Angeles County Real Estate Report Card November 2022
If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free in contacting me Ron Henderson GRI, SRES, SFR, RECS, CIASPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about Los Angeles County Real Estate Report Card November 2022
San Fernando Valley, CA Housing Market Snapshot October 2022
The San Fernando Valley housing market continues to reset. The number of active listings is up as sales slow. New listings coming on the market are down because owners with low 3% mortgage rates will hold off on selling, plus there is a seasonal element to the quantity of new listings generally ... » Learn More about San Fernando Valley, CA Housing Market Snapshot October 2022
The San Fernando Valley Housing Market Continues to Reset Through October 2022
The pendulum swung too far one direction as it was stimulated by artificially low mortgage rates and low inventory, now the pendulum is swinging in the other direction as the mortgage rates are being pushed higher and the pool of capable buyers is being squeezed. We’re in the later stages of the ... » Learn More about The San Fernando Valley Housing Market Continues to Reset Through October 2022