When looking at the California state housing numbers year over year relative to January 2019 the median price is up 7.3%, and inventory is down 26.1%. This is the result of the interest rates being substantially lower than a year ago, increasing the Affordability Index 11.6% to 31%. If you are in ... » Learn More about California Housing Market at a Glance January 2020
California Real Estate market
California Real Estate Market at a Glance December 2019
The December California state real estate numbers have a few striking year over year elements that show the stronger market in 2019 compared to 2018. The affordability Index is better by 14+%, even though the median price is up 10%, primarily because the interest rates are a full percent lower than ... » Learn More about California Real Estate Market at a Glance December 2019
California Real Estate Market at a Glance
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, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals (2017-2018) Chairman – ... » Learn More about California Real Estate Market at a Glance
FHA Makes it Easier to Get Loans on Condos – Including Reverse Mortgages
It’s been bantered around for years, finally the Federal Housing Administration announced long awaited changes to the guidelines to approving condominiums for FHA loans. This will help in several areas. FHA loans allow for low down payments, and easier borrower qualifying guidelines than ... » Learn More about FHA Makes it Easier to Get Loans on Condos – Including Reverse Mortgages
California Real Estate Sales Report April 2019
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, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about California Real Estate Sales Report April 2019