Interesting Numbers: Housing Prices: The average price of a single family home in the United States peaked in March 2007, bottomed in May 2011, and then rose back above it's March 2007 average high price in November 2015 where it stayed through July 2016. From its May 2011 low, home prices are up ... » Learn More about Interesting Real Estate and Other Numbers
Uncategorized
Woodland Hills – The Dead Promenade Being Replaced with New $1.5 Billion Mixed Use Complex
Anybody that's been at the Promenade over the past year knows the mall, aside from the AMC Theater and a few isolated stores, is like a ghost town. Westfield Corp. plans to demolish its struggling Promenade shopping mall in Warner Center and replace it with a massive mixed-use complex with nearly ... » Learn More about Woodland Hills – The Dead Promenade Being Replaced with New $1.5 Billion Mixed Use Complex
California Real Estate Market at a Glance
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 ... » Learn More about California Real Estate Market at a Glance
Fed Keeps Rates Alone – For Now – Good For HELOCs and Most ARMs
The Fed left rates unchanged at today's FOMC meeting. They said that the case for a rate increase has strengthened, but decided to wait for further evidence. There were 3 dissenters - Rosengren, Mester, and George, the most since December 2014. This could set up a hike in December. The Fed's Dots ... » Learn More about Fed Keeps Rates Alone – For Now – Good For HELOCs and Most ARMs
Interesting Real Estate Numbers
A Much Healthier Real Estate Market At the end of 2010 8.2% of mortgages had at least 1 payment past due and another 4.6% of mortgages were in the foreclosure process. At the end of June 2016 4.7% of mortgage were 1 payment past due, and only 1.6% of mortgages were in the foreclosure process ... » Learn More about Interesting Real Estate Numbers