No need to dig into specific numbers, but by looking at the chart of single family dwelling newly opened sales in the San Fernando Valley, you can see how the sales dropped off after the “Safer at Home” order was initiated. The order was only put in place March 24th, so the April sales numbers will ... » Learn More about San Fernando Valley Property Sales Drop Off During “Stay at Home” Order
Southern California Pending Real Estate on a Decline Due to COVID-19
During the traditionally "hot" real estate season, pending sales are "cold". Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages 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, ... » Learn More about Southern California Pending Real Estate on a Decline Due to COVID-19
Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages
Real estate transactions, mortgage underwriting and loan program availability has been affected substantially by a combination of the local health orders attempting to fight the populations exposure to COVID-19, and the economic fallout caused by the “Stay in Place” lockdown. This a moving target, ... » Learn More about Latest Update on COVID-19 Affect on Real Estate Sales and Mortgages
Mortgage Forbearance, Is It Worth It?
Not all lenders are offering "mortgage payment forbearance", regardless if you've heard it from the politicians, or the media. Not all lenders are offering the same terms. Also just because you can, doesn't mean you should. Some lenders are offering multiple options in delaying mortgage payments. ... » Learn More about Mortgage Forbearance, Is It Worth It?
Mortgage Issues are Now Hitting the Media
CNBC is now reporting some of the problems the mortgage industry is now having because of the virus, and Federal Reserve actions. This is a moving target. As I've been blogging about, this is much deeper than just an overabundance of refinances hitting the system at once, there are systematic ... » Learn More about Mortgage Issues are Now Hitting the Media