San Fernando Valley real estate is starting to feel the effects of higher mortgage rates, and high property values… but the supply of homes is still substantially lower than the general population needs. What does that mean? Property values will continue to appreciate, abet at a lower rate than the extreme levels seen over the past couple years.
Inventory will see a seasonal increase in volume over the next couple of months. Until there’s an interest rate increase of around 7% and a recession, sales will keep pace.
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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