As you can see in this chart of long term interest rates going back to 1971, interest rates pertaining to the 10 year note and the 30 year fixed rate mortgage have never been lower. To offset the economic effects of the COVID Pandemic, the Federal Reserve has been conducting Quantitative ... » Learn More about Interest Rates Have Never Been Lower
California Housing Market: Sales Up, Price Sets New Record, Supply Lowest in Years
Historically low interest rates continue to drive sales. Low inventory pushing up pricing. If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me Ron Henderson GRI, RECS, CIASPresident/BrokerMulti Real Estate Services, ... » Learn More about California Housing Market: Sales Up, Price Sets New Record, Supply Lowest in Years
Income to Purchase Loan Guide San Fernando Valley Single Family Homes September 2020
This is a ballpark guide on what it would take financially to purchase a median-priced home in the San Fernando Valley. Interest rates are still at historic lows, pricing has been appreciating at a substantial pace over the past 5 months. The 80% Loan to Value (LTV) is only a guide. There are ... » Learn More about Income to Purchase Loan Guide San Fernando Valley Single Family Homes September 2020
California Housing Median Price Jumping, Inventory Half of 2019
California's housing is seeing extreme price appreciation due to historically low-interest rates driving sales, and low inventory. A basic supply and demand equation. The active listing inventory is half of what it was last year. Well priced properties receive multiple offers within ... » Learn More about California Housing Median Price Jumping, Inventory Half of 2019
California Proposition 19 is Smart and Expands On Prop 13 (60 & 90) – I Recommend Voting Yes
Presently a senior person over 55 years old can transfer their principal residence property tax basis one time, between a handful of counties in the state, and the purchased property price is limited as it has to be for less than the sales price of the sold property, or the transfer can't be ... » Learn More about California Proposition 19 is Smart and Expands On Prop 13 (60 & 90) – I Recommend Voting Yes