Below is a release from the Southland Regional Association of Realtors in the San Fernando Valley properly illustrating the cost of delaying purchasing a residential property. The most recent iteration of a local guide illustrates perfectly why waiting to buy a home can be a bad idea: a ... » Learn More about Homebuyers Who Wait to Buy, Pay a Steep Cost
economics
Fed Rate Increase of Another 1/4% and Federal Reserve Actions Moving Forward
As expected the Federal Reserve increased their Fed Funds Rate another 1/4% at today's FOMC meeting to 2.0%. Here are some take aways from the Fed Chairman Jerome Powell's news conference, and the markets reaction. Basically no change in Fed policy. Steady rate increases. Slow liquidation of the ... » Learn More about Fed Rate Increase of Another 1/4% and Federal Reserve Actions Moving Forward
Ron Henderson Chairs the Government Affairs Committee in Sacramento for the California Association of Mortgage Professional Legislative Conference
Los Angeles Housing Affordability for Renters
As reflected in the HARI, Housing Affordability Renters Index, the Los Angeles region is the least affordable in the nation at 18%. The home ownership rate is also the lowest at 47.7%, which translates to Los Angeles having a higher percentage of renters than owners. Compare that to the Phoenix area ... » Learn More about Los Angeles Housing Affordability for Renters
7 Factors to Watch For That Will Affect the San Fernando Valley (Los Angeles) Housing Market in 2018
How are elements in 2018 going to treat the San Fernando Valley (Los Angeles) housing market? Real estate housing markets are local. Many factors affect housing prices more in one area/neighborhood than another. One constant is the economic reality of supply and demand, regardless of the product. ... » Learn More about 7 Factors to Watch For That Will Affect the San Fernando Valley (Los Angeles) Housing Market in 2018