Now up 74.0% from trough in Feb-09 High: May 2007: $594,530 Valley: $177,270 in 1996 2000 annual median price up 11.0% over 1999 2001 annual median price up 8.7% from 2000 2002 annual median price up 20.5% from 2001 2003 annual median price up 17.5% from 2002 2004 annual median price up 21.3% from ... » Learn More about History of California Detached Home Prices 2005-2015
California Real Estate market
Los Angeles Housing Affordability Issue is a Government, Supply and Demand Problem
There was a article written in the Los Angeles Times recently "Affordable Housing Problem Lies, in Part, with Government", hits the nail on the head, and reiterates the same information I've been conveying for many years... The housing shortage, and accelerating cost is all about supply and demand, ... » Learn More about Los Angeles Housing Affordability Issue is a Government, Supply and Demand Problem
California Real Estate Market at a Glance
California's real estate market is still staying solid. Very moderate appreciation, inventory historically on the tighter side, and the affordability index becoming an issue. If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting ... » Learn More about California Real Estate Market at a Glance
No Rate Hike… How Confused is the Fed? Very
The Federal Reserve didn't implement a rate change last week because "international economic weakness, and inflation coming in below target". That doesn't mean there was a consensus among the Fed membership. In fact there is a broad disparity between the members on when the rates will change, and by ... » Learn More about No Rate Hike… How Confused is the Fed? Very
California Real Estate Market at a Glance
The California real estate market is on solid footing. Pricing has appreciated a little over 5% year over year. The appreciation is driven by strong sales and low inventory. The affordability index has been dropping because of the higher property values. The interest rates have stayed steady around ... » Learn More about California Real Estate Market at a Glance