The California State Housing Element Law was established in 1969. It requires jurisdictions to do their “fair share” around planning for adequate affordable housing (RHNA). It requires a review of the General Plan and must be updated every 8 years. It recognizes that housing is a critical need and ... » Learn More about Los Angeles Planning Dept Playing Catchup For Needed Housing
Mortgage Rates Still Great, But Two Elements Pushing Them Up
As can be seen in the chart of the 10 year note interest rates, the long-term yields of the interest curve have been trickling up over the past week. This is the part of the curve that has an effect on 30 year fixed mortgage rates. The secondary money market is looking at the economy picking up, and ... » Learn More about Mortgage Rates Still Great, But Two Elements Pushing Them Up
The Mortgage Rate Dropping Relative to the 10 Year Treasury
The US 10 yr treasury rate and the Conforming 30 year mortgage rate track well together. The mortgage rate always has a premium relative to the treasury. Even in the best of times, the US treasury will always be a more secure investment than a mortgage, even though it's secured by real estate. ... » Learn More about The Mortgage Rate Dropping Relative to the 10 Year Treasury
San Fernando Valley Housing Statistics August 2020
The heated San Fernando Valley housing market continues on with multiple offers for most well-priced listings. The historically low-interest rates are pushing buyers into the market. The low inventory is acting as a limit to the number of sales and propping up values. It's a very frustrating ... » Learn More about San Fernando Valley Housing Statistics August 2020
Ventura County Real Estate Report Card August 2020
The Ventura County real estate market is still shaking off COVID but feeling a boost from the historically low interest rates. Property values are still appreciating because of supply and demand. In this report card, you can see how only a fraction of the needed housing to cover the new household ... » Learn More about Ventura County Real Estate Report Card August 2020