The Federal Reserve has been setting the stages for tapering their purchasing of mortgage backed securities using Quantitative Easing (QE). Their purchasing of gov’t notes and mortgages have kept interest rates at artificially lower levels to compensate for the economic effects of the pandemic ... » Learn More about Mortgage Rates Still Great… For Now
Los Angeles Real Estate Report Card August 2021
The Los Angeles residential real estate market is in a minor transition. Consider it slowing from 100 to 80. Still heated, but not scorching. Inventory is still tight but increasing. This past month is the first time in several months we have not hit a record price. There is some buyer burnout. They ... » Learn More about Los Angeles Real Estate Report Card August 2021
California Real Estate Market at a Glance July 2021
The California housing market is staying hot, but cooling off some. There will be a seasonal slowdown coming up, but there is also some buyer burnout. Mortgage rates are still great, and any normalization of the supply/demand equation will be healthy for the market. If you are in the Los ... » Learn More about California Real Estate Market at a Glance July 2021
Real Estate – It’s All About the Inventory
Housing valuations and rental costs are manipulated by the old economic fact, supply and demand. Housing construction has lagged the needs of the population growth, and the Millennials are hitting peak buying age. While still at historic lows, the inventory is slowly building. For those thinking ... » Learn More about Real Estate – It’s All About the Inventory
California Real Estate Market at a Glance June 2021
The California real estate market stays hot. Inventory is building slightly, but still very tight. Rates have been coming down from a few months ago, offsetting some of the escalation of valuations. Many qualified buyers have been either priced out of the market, or have been frustrated losing out ... » Learn More about California Real Estate Market at a Glance June 2021