The housing market in Los Angeles is experiencing a remarkable upswing in 2023, with all primary housing price indexes indicating strong appreciation. This surge is attributed to various factors, including constrained housing inventory and a recovery from the market bottom in November 2022. In this ... » Learn More about All Indices Show Appreciation – Los Angeles Housing Prices Surge in 2023
economics
San Fernando Valley Housing Market Update – June 2023
If you've been holding out for the housing market to drop, the window of opportunity has closed. The market experienced a brief dip that hit its lowest point in November 2022. However, since then, we've witnessed a strong rebound, even with higher mortgage rates, making it a bit more challenging for ... » Learn More about San Fernando Valley Housing Market Update – June 2023
Rate Rollercoaster: Insights into the Last 10 Years of Mortgage Rates
What a past decade... Society and interest rates have been on a roller coaster. The primary gyrations were caused by a pandemic, the economic effects, and the Federal Reserve's reactions. Back in the 2013-2019 period, we were in a generally "normal" economic environment, having come out of the ... » Learn More about Rate Rollercoaster: Insights into the Last 10 Years of Mortgage Rates
Update San Fernando Valley Home Prices 1959-2022
The end of 2022 saw the real estate residential home values in the San Fernando Valley (Los Angeles) reflect an aggregate average sales price of $840,000, 4% lower than the end of 2021. That doesn't give the full story of the year though. In May 2022 the price hit $950,000. The closing prices ... » Learn More about Update San Fernando Valley Home Prices 1959-2022
Mortgage Rates On A Roller Coaster
From the peak of the recent mortgage rates in October '22 at 7.375%, they then dropped to 6.0% when the Federal Reserve made their last .25% increase in the Fed Funds Rate. The perception of the mortgage bond market was the Fed was beating the inflation monster. But then Rates have been rising at a ... » Learn More about Mortgage Rates On A Roller Coaster