As you can see in the attached charts, the real estate market still remains strong going into the Spring 2022 buying season. The only tricky part is what's going to happen with consumer confidence and the interest rates because of Geopolitical issues, high inflation, the Federal Reserve increasing ... » Learn More about California, Los Angeles, San Fernando Valley Housing Statistics February 2022
Los Angeles Controller Calls Out Slow Progress and Inefficient Spending On Emergency and Affordable Housing
The following is a release from the Los Angeles Controller on the inefficient spending of funds allocated to take care of the homeless issues in Los Angeles. Los Angeles Controller Ron Galperin is the taxpayers’ watchdog at City Hall, making sure public dollars are spent efficiently and effectively. ... » Learn More about Los Angeles Controller Calls Out Slow Progress and Inefficient Spending On Emergency and Affordable Housing
Fed Rate Increase – What Does It Mean For Mortgage Rates, Real Estate Market and Inflation?
The Federal Reserve did the widely predicted increase of the Fed Funds Rate from 0-.25% to .25-.5%. The ¼% isn’t a big deal, but the Fed Chairman Powell indicated that the target is 7 rate increases with a target of 1.9% by the end of 2022, and 2.8% in 2023-2024. The Q&A during the Chairman’s ... » Learn More about Fed Rate Increase – What Does It Mean For Mortgage Rates, Real Estate Market and Inflation?
San Fernando Valley Real Estate – It’s All About The Inventory
It seems that every week I receive a question on if we're going to have a crash in real estate values. My answer is always "it's about the basic economic reality of Supply and Demand". Interest rates can go up putting pressure on marginal buyers, but higher rates, higher values, isn't what you want ... » Learn More about San Fernando Valley Real Estate – It’s All About The Inventory
Mortgage Rates – Not Where They’ve Been, But Where Are They Going?
The big news is the CPI (Consumer Price Index) is now at 7.5%. Most in 40 years. The Federal Reserve is behind the curve on normalizing interest rates from their end. They are still tapering their Quanitative Easing (purchasing Mortgage-Backed Securities and Bonds) artificially keeping long rates ... » Learn More about Mortgage Rates – Not Where They’ve Been, But Where Are They Going?