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Behind the Headlines: What October’s San Fernando Valley, Los Angeles Housing Market Really Tells Us

November 22, 2024 by Ron Henderson

SFV Singles family dwelling stats 1024

I’ve mentioned this before, but the real estate headlines you see on the news are often behind the curve. Take today’s news: “Existing-home sales picked up in October, rising 3.4% for the month to a pace of 3.96 million. They also notched the first year-over-year gain (+2.9%) since July 2021. ... » Learn More about Behind the Headlines: What October’s San Fernando Valley, Los Angeles Housing Market Really Tells Us

Filed Under: Market Updates Tagged With: California Real Estate market, first time buyers, housing affordability, Los Angeles Real Estate market, mortgage rates, san fernando valley homes, San Fernando Valley Real Estate Market

From Peaks to Dips: Understanding the Mortgage Rate Rollercoaster of 2023-2024

November 21, 2024 by Ron Henderson

30 yr fixed mortgage 092923-112124

Mortgage rates reached their highest levels in the intermediate cycle at around 8% in October 2023. Over the following year, they gradually declined, hitting a low of 6% by October 2024. This drop coincided with the Federal Reserve's first rate cut of the year, a widely anticipated move that had ... » Learn More about From Peaks to Dips: Understanding the Mortgage Rate Rollercoaster of 2023-2024

Filed Under: Mortgage Rates Tagged With: economics, interest rates, mortgage rates, Trump’s Economic Plan

Renter vs Homeowner – Benefit of Ownership

November 21, 2024 by Ron Henderson

Renter vs Homeowner 112124

Talk about a winning choice! The average homeowner's net worth is 42 times that of a renter. Homeownership builds significant, long-term wealth and is a strategic move towards securing your financial future. If you are in the Los Angeles area, and have any questions or real estate sales or ... » Learn More about Renter vs Homeowner – Benefit of Ownership

Filed Under: Market Updates Tagged With: Benefit of homeownership, Renting Vs Buying

How Trump’s Economic Plan Could Impact Mortgage Rates

November 18, 2024 by Ron Henderson

Legislation housing

When it comes to buying a home, mortgage rates play a massive role in determining affordability. With President-elect Trump’s potential economic policies on the horizon, it’s worth asking: how could these plans influence mortgage rates? Let’s break it down. 1. Fiscal Policies and Government Debt: ... » Learn More about How Trump’s Economic Plan Could Impact Mortgage Rates

Filed Under: Regulations and Laws Tagged With: economics, housing affordability, mortgage rates, Mortgage Regulations, Trump’s Economic Plan

Why Proposition 33 Misses the Mark on Housing Affordability

September 19, 2024 by Ron Henderson

No Prop 33 2

Proposition 33 has numerous unintended consequences. Economists across the political spectrum agree that rent control fails to address the root causes of housing affordability. By discouraging new apartment construction and deterring investment in rental properties, rent control exacerbates the very ... » Learn More about Why Proposition 33 Misses the Mark on Housing Affordability

Filed Under: Market Updates Tagged With: economics, housing affordability, Prop 33, rent control

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