The residential real estate market in the San Fernando Valley, Los Angeles region, has stabilized. Inventory is up but still remains moderate by historical standards. The quantity of sales has dropped, and affordability remains tight. The recent drop in mortgage rates, from 8% in October 2023 ... » Learn More about Key Factors Driving San Fernando Valley’s Real Estate Market: Rates, Inventory, and Insurance
Mortgage Rates Plummet a Year Ahead of Fed Funds Rate Drop
I've said it numerous times: the Fed Funds Rate does not directly correlate with the 30-year fixed mortgage rate. Every time the Fed makes a move, it hits the news, and my phone starts ringing off the hook with potential borrowers expecting mortgage rates to drop. However, mortgage rates have ... » Learn More about Mortgage Rates Plummet a Year Ahead of Fed Funds Rate Drop
FHFA Mortgage Loan and Natural Disaster Dashboard
The Federal Housing Finance Agency (FHFA) has released the Mortgage Loan and Natural Disaster Dashboard the public. It’s designed to provide property owners, community leaders, financial institutions, policymakers, and other stakeholders with better insight into which areas are most likely to incur ... » Learn More about FHFA Mortgage Loan and Natural Disaster Dashboard
So How Much Debt Has The Government Got Us In?
The government debt is the difference between revenue (taxes) and the expenditures. It's basically on our credit card. It matters because bonds have to be sold to finance that debt. Interest has to be paid to cover that debt. Those bonds are in competition with other debt that needs to be financed, ... » Learn More about So How Much Debt Has The Government Got Us In?
Is it a buyer’s or Seller’s market for housing? San Fernando Valley Real Estate Market Update July 2024
Is it a buyer’s or Seller’s market for housing? It depends, but it’s more balanced than it has been for a while. A real estate market is always based on locality, supply, and demand. On a national level there are areas in the South where there’s plenty of land available, and less regulatory ... » Learn More about Is it a buyer’s or Seller’s market for housing? San Fernando Valley Real Estate Market Update July 2024