After their September 22nd meeting, the Federal Reserve left the Fed Funds Rate at 0-.25%, and the quantity of Bond and Mortgage Securities purchases intact at $120B per month... But they signaled that they feel comfortable scaling back on their bond purchases by the end of the year. The bond and ... » Learn More about The Fed Preps Us For Rate Increases
The True Los Angeles Real Estate Appreciation – After Inflation
We’ve all seen the real estate prices jump substantially over the past year and a half. Every month locally and nationally prices are making new record highs. But realistically if you don’t take into account inflation, you wouldn’t know where the prices are historically. 10 cent coffee and 25 cent ... » Learn More about The True Los Angeles Real Estate Appreciation – After Inflation
Mortgage Rates Still Great… For Now
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