The San Fernando Valley is comprised of 38 communities. What follows are the name origins and a brief history of each of these communities: ARLETA – The name Arleta is a Celtic baby name. In Celtic the meaning of the name Arleta is: An oath.In the 1960s, residents in the more affluent, ... » Learn More about Where the San Fernando Valley Community Names Came From
California Real Estate Market at a Glance
We've already seen a "V" shaped rebound from the April crash the California real estate market took when the Pandenic "Stay at Home" order was put in place. The statistics show a theme. There was a pent up buyer base ready to buy... and the sellers stayed away. Buyers initially thought they ... » Learn More about California Real Estate Market at a Glance
Pent Up Demand of Real Estate Sales Leveling Off and Other San Fernando Valley Statistics
The attached chart of the Southern California Counties is a real-time indication that the pending property sales spike we saw through June from the April COVID crash may have leveled off. The May and June sales have been solid. Property values have also stayed solid, with inventory staying low, ... » Learn More about Pent Up Demand of Real Estate Sales Leveling Off and Other San Fernando Valley Statistics
Mortgage Rates Staying Solid… and Low
As you can see in the chart of the 10-year note, the long term interest rates have stayed good since April. This is with the help of the Federal Reserve's Quantitative Easing, purchasing billions of dollars of mortgage-backed securities and long term US notes/bonds, supporting the financial markets, ... » Learn More about Mortgage Rates Staying Solid… and Low
Los Angeles Real Estate Report Card July 2020
As you can see, even though the property values have continued to appreciate, the Affordability Index has gotten a lot better, because of the drop in the mortgage rates to historic lows. Inventory levels are 27% lower than a year ago. Basic supply and demand. Sales activity has popped back up from ... » Learn More about Los Angeles Real Estate Report Card July 2020