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
Market Updates
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
1976-September 2022 CPI, Mortgage Rates and Recession Correlation
The attached chart shows the historical correlation and sequencing between the CPI (Consumer Price Index), Recession and Mortgage Rates. The blue line is the CPI, the red line is the 30 Year Fixed Mortgage Rate, and the gray-shaded areas are recessions. Observations:The Federal Reserve wants to ... » Learn More about 1976-September 2022 CPI, Mortgage Rates and Recession Correlation
San Fernando Valley (Los Angeles) September 2022 Housing Statistics – Mortgage Rate Induced Weakening
The higher rates being expedited by the Federal Reserve to tame inflation is affecting housing purchase affordability levels and is now being reflected in recent statistics. The housing market and pricing numbers are always a reflection of supply and demand. From a macro level, the Los Angeles ... » Learn More about San Fernando Valley (Los Angeles) September 2022 Housing Statistics – Mortgage Rate Induced Weakening
San Fernando Valley Housing Market Has A Good Month August 2022
If a picture tells 1000 words, let's check out four charts of the San Fernando Valley housing statistics for August. The actual numbers don't matter as much as the change of direction of the activity. In a nutshell, new listings and inventory dropped after the last few months of active and new ... » Learn More about San Fernando Valley Housing Market Has A Good Month August 2022