The higher interest rates are having an effect on San Fernando Valley housing transactions, but mainly in the capacity of how many qualified offers are being sent for the limited properties on the market... and sellers have to be more realistic on their listing prices. When the media reports ... » Learn More about San Fernando Valley Los Angeles Real Estate Report May 2022
San Fernando Valley Housing Market Slowing, But Still Moving Along
The higher interest rates are having an effect on the housing market, but that is no surprise. Over 6 months the 30 year fixed conforming loan rates have jumped from 2.75% to 5.5%. The slowdown is started to be reflected in the local housing numbers. New listings are flat month over month. ... » Learn More about San Fernando Valley Housing Market Slowing, But Still Moving Along
Income to Loan Guide San Fernando Valley Homes April 2022
Recently the interest rates are even higher than the 4.98% rate for a 30 year fixed mortgage, but the numbers conveyed in the graphic are a relative idea of where we are now with higher property values, and higher rates, hurting the affordability ratios and qualifying capabilities of many marginal ... » Learn More about Income to Loan Guide San Fernando Valley Homes April 2022
San Fernando Valley Housing Market Snapshot April 2022
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, SRES, SFR, RECS, CIASPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about San Fernando Valley Housing Market Snapshot April 2022
Case-Shiller and FHFA Shows Housing Price Appreciation
The Case-Shiller and FHFA price indexes show housing prices going up substantially month over month, and annually. Case-Shiller average single-family home prices in the U.S., calculated monthly based on changes in home prices over the prior three months. One of the most accurate ways of ... » Learn More about Case-Shiller and FHFA Shows Housing Price Appreciation