Broken record… The Los Angeles property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of housing construction to keep up with the number of new housing formations, and the future growth of property values using a moderate rate of appreciation. The recent interest rate increase has appeared to stabilize, but as the economy opens from the “COVID” era forced recession, we’ll see how the Federal Reserve and the financial markets reacts to the inflationary effect of the economy opening up and the huge amount of stimulus thrown into the economy by the government.
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, SRES, SFR, RECS, CIAS
President/Broker
Multi Real Estate Services, Inc.
Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018)
Chairman – OutWest Marketing Meeting (Real Estate Education)
BRE #00905793 NMLS #310358
www.mres.com
ronh@mres.com
Specialist in the Art of Real Estate Sales and Finance
Real Estate market, mortgage rates, Los Angeles, San Fernando Valley, Conejo Valley, Simi Valley, Woodland Hills, West Hills, Calabasas, Chatsworth
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