In today's atypical economic environment, the real estate market is exhibiting some unexpected trends. In a typical scenario, soaring interest rates would put a damper on both the volume of home sales and property prices. However, this is far from a typical economic environment. Let's delve into the ... » Learn More about San Fernando Valley Real Estate Market Update October 2023
California Real Estate market
Mortgage Rates Still Over 7%, the Fed, and Housing Affordability
The Standard 30 Year Fixed Rate Mortgage still hovers above 7%. With the Federal Reserve's ongoing debates about whether to maintain the 5.25% Fed Funds Rate or raise it another 0.25% at their upcoming meeting, prospective homebuyers and current homeowners are faced with some tough decisions. ... » Learn More about Mortgage Rates Still Over 7%, the Fed, and Housing Affordability
Questions For Homeowner’s Associations, and Information You Need To Know Before Buying
Understanding elements when buying, or owning a property under the jurisdiction of a Homeowner's Association (HOA) is critical. This is way more than "How much are the HOA dues?" It can affect quality of lifestyle, or the economic viability of the unit. I always tell buyers when you own a ... » Learn More about Questions For Homeowner’s Associations, and Information You Need To Know Before Buying
Is Insurance Becoming the Housing Market’s Achilles’ Heel?
In recent times, insurance costs have been skyrocketing, leading to significant concerns within the real estate market. While some attribute this surge to "greedy insurance companies," there are various factors at play, including wildfires, floods, inflation, and delays from regulatory bodies like ... » Learn More about Is Insurance Becoming the Housing Market’s Achilles’ Heel?
CalHFA Does Live Presentation On First Time Buyer Down Payment Assistance at the Outwest Real Estate Meeting June 30, 2023
The California Housing Finance Agency will be giving a presentation on their First Time Buyer Down Payment Assistance Programs at the Outwest Real Estate Education Meeting Friday 30, 2023. The presenter Leanne Walker CalHFA Lender Training and Outreach has given great presentations to Outwest in the ... » Learn More about CalHFA Does Live Presentation On First Time Buyer Down Payment Assistance at the Outwest Real Estate Meeting June 30, 2023