As expected, the Federal Reserve increased their overnight Fed Funds Rate another .25%. This will put the rate in the 2.25-2.5% range. This will affect consumer short term borrowing costs and interest rates on credit cards, and adjustable rate mortgages with an index tied to short term interest ... » Learn More about Federal Reserve Increases Fed Rate Again Another 1/4% to 2.25-2.5% Range, But Mortgage Rates Drop
economics
New Maximium Conforming Loan Limits for 2019
The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019. In most of the U.S., the 2019 maximum conforming loan limit for one-unit properties will be $484,350, an increase from $453,100 in ... » Learn More about New Maximium Conforming Loan Limits for 2019
San Fernando Valley Real Estate Market Continues It’s Shift
Over the past 6 months, the evidence for a shift in the market has mounted. Sales have been on the decline. Homes are staying on the market longer as the median number of days on market continue to increase. Sellers are beginning to have to discount their properties again, with 42% of active ... » Learn More about San Fernando Valley Real Estate Market Continues It’s Shift
Fed Funds Rate Increased As Expected, Future Rate Forecast
The Federal Reserve increased their target rate for the Fed Funds another .25% today (Sept 26, 2018) to 2.0-2.25%. The gradual increase is expected to continue in the future. Another .25% as soon as this December. The Fed has direct control of the short term rates. This increase will directly ... » Learn More about Fed Funds Rate Increased As Expected, Future Rate Forecast
Is This a San Fernando Valley Real Estate Market Change, Or a Seasonal Adjustment?
The real estate market is regional. The San Fernando Valley Los Angeles residential real estate market has been slowing for the last few months, but it’s just now showing up in the statistics. Visually you can see in the charts a spike in the inventory, and the quantity of sales dropping off ... » Learn More about Is This a San Fernando Valley Real Estate Market Change, Or a Seasonal Adjustment?