I’ve mentioned this before, but the real estate headlines you see on the news are often behind the curve. Take today’s news: “Existing-home sales picked up in October, rising 3.4% for the month to a pace of 3.96 million. They also notched the first year-over-year gain (+2.9%) since July 2021. ... » Learn More about Behind the Headlines: What October’s San Fernando Valley, Los Angeles Housing Market Really Tells Us
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Key Factors Driving San Fernando Valley’s Real Estate Market: Rates, Inventory, and Insurance
The residential real estate market in the San Fernando Valley, Los Angeles region, has stabilized. Inventory is up but still remains moderate by historical standards. The quantity of sales has dropped, and affordability remains tight. The recent drop in mortgage rates, from 8% in October 2023 ... » Learn More about Key Factors Driving San Fernando Valley’s Real Estate Market: Rates, Inventory, and Insurance
San Fernando Valley Housing and Mortgage Rate Update May 2024
In a nutshell the housing market and mortgage rates are basically in a status quo position. Housing active inventory is up but still tight from potential sellers being locked in with historically low interest rates. Overall sales are active. Well priced listings in the lower price range sell ... » Learn More about San Fernando Valley Housing and Mortgage Rate Update May 2024
San Fernando Valley Real Estate Market Update March 2024
The mortgage rates have had gyrations over the past few months, presently just under 7% for the 30-year fixed. The buyer base is getting accustomed to the higher rates, but rates still affect the affordability, especially when paired with the property values going up. In a normal housing ... » Learn More about San Fernando Valley Real Estate Market Update March 2024
Change in Home Value After 10 Years
Talk about a winning record! Buying a home and holding it for 10 years has earned a profit every year except one since 1942. Just look at those returns, too! Housing builds significant, long-term wealth. Ron Henderson GRI, SRES, SFR, RECS, CIAS, GREENPresident/BrokerMulti Real Estate Services, ... » Learn More about Change in Home Value After 10 Years