Even though the interest rates are attractive, the appreciating property values continue pushing higher the income needed to qualify for the purchase using a standard 80% loan to value 30 year fixed loan. Make note, the median priced home in the San Fernando Valley is now over $900,000 ! If ... » Learn More about How Much Income Does It Take To Buy A Median Priced Home In The San Fernando Valley?
Los Angeles Real Estate Report Card March 2021
Broken record... The Los Angeles property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of housing construction to keep up with ... » Learn More about Los Angeles Real Estate Report Card March 2021
New Listing – West Hills Entertainer’s Home with Stunning Design and Craftsmanship
View 3D Tour - Single story West Hills 4 Bedroom 2 bath entertainers home located only minutes to the Valley’s economic hub Warner Center. The open floorplan sports stunning design and craftsmanship throughout. The large corner lot accommodates great curb appeal and a backyard where beautiful ... » Learn More about New Listing – West Hills Entertainer’s Home with Stunning Design and Craftsmanship
California Real Estate Market at a Glance February 2021
How hot was the California housing market? The median price up 20.6% year over year, and the median time on the market only 10 days. There are several elements that are now coming into play... Will the higher interest rates and property values affect the affordability level where it takes ... » Learn More about California Real Estate Market at a Glance February 2021
The Fed Loses Control of Rates – After 2 Months Will Mortgage Rates Stabilize?
I've been warning that rates were going up for a couple of months. It doesn't matter that the Federal Reserve conveyed that they are going to keep the Fed Funds Rate at 0% through 2023. Let's review some of the reasons why the financial markets are forcing rates higher... The economy is looking ... » Learn More about The Fed Loses Control of Rates – After 2 Months Will Mortgage Rates Stabilize?