The supply and demand inequalities continue to drive the median residential real estate prices higher across California. Even though added housing stock would be advantageous to handle the pent-up demand, builders are having issues finding skilled labor, having supply chain issues getting ... » Learn More about California Residential Real Estate Strongest Price Growth Ever Recorded
Comparing San Fernando Valley Active Housing Inventory 2007 vs 2021
Supply and Demand is a basic economic fundamental. We all know in the present real estate market any well-priced listing in the Los Angeles region, in all price ranges, will have multiple offers to purchase it. Without getting into the causes of the market issues during the Great Recession in ... » Learn More about Comparing San Fernando Valley Active Housing Inventory 2007 vs 2021
Mortgage Rates Stable, But For How Long and Where Do They Go From Here?
The long-term interest rates have been fairly stable recently, and within a range since the beginning of April. Prior to that, the rates jumped substantially from January through March. The big quandary now is will the jump in the inflation rate only be transitory, as the Federal Reserve ... » Learn More about Mortgage Rates Stable, But For How Long and Where Do They Go From Here?
Intergenerational Transfers Under Proposition 19
Proposition 19 had 2 primary components to it. 1) Property Tax Portability for property overs over 55 years old 2) Intergenerational Transfers of properties. I recently was in a meeting with the Los Angeles County Assessor Jeffrey Prang, and he basically conveyed they were not prepared for the ... » Learn More about Intergenerational Transfers Under Proposition 19
California Real Estate Market at a Glance March 2021
The most note worthy elements of the California March 2021 housing statistics are the Median price is up 24% year over year, the unsold inventory is down 40% compared to last year and the median time on the market is only 8 days. No doubt the property values will continue to appreciate at a high ... » Learn More about California Real Estate Market at a Glance March 2021