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
economics
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
The Unintended Consequences of Recent Rent Control Changes in Los Angeles
The Los Angeles City Council in late January 2023 just passed an expansion of the Rent Stabilization Ordinance. This modification is applicable only to the rental properties in LA City not LA County. LA County extended the County’s COVID-19 Tenant Protections Resolution (formerly the LA County ... » Learn More about The Unintended Consequences of Recent Rent Control Changes in Los Angeles