California Housing maintains its record-setting pace with the state's Median Price up 39% year over year to $818,260. What skews that number is that's not the "Average Price"... but half the sales are more than that number, half for less. Because there are more multi-million dollar properties ... » Learn More about California Real Estate Market at a Glance May 2021
Supreme Court Decision Will Affect Freddie Mac and Fannie Mae Mortgages Underwriting and Fees
The US Supreme Court decided that the leadership structure of the Federal Housing Finance Agency (FHFA) violates the Constitution and the separation of powers. That gave President Biden authority to remove the agency’s head at will. Just hours after the court’s decision, the White House fired ... » Learn More about Supreme Court Decision Will Affect Freddie Mac and Fannie Mae Mortgages Underwriting and Fees
California Residential Real Estate Strongest Price Growth Ever Recorded
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?