The California values are up a moderate 3.1% year over year. Inventory is up marginally, time on the market up, and the Affordability Index is flat, thanks to low interest rates have lasting longer than expected. If you are in the Los Angeles area, have any questions or real estate sales or ... » Learn More about California Real Estate Market at a Glance
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January 26 FHA Cost Drop, Tighter Appraisal Review Process
The FHA monthly mortgage insurance premium drops January 26 by .50%. This is to make it more competitive with Freddie Mac and Fannie Mae's 3% down programs. The FHA Up Front Mortgage Insurance Premium will still be 1.75%. The better quality borrowers have migrated to conventional financing because ... » Learn More about January 26 FHA Cost Drop, Tighter Appraisal Review Process
San Fernando Valley Home Numbers Stable
The San Fernando Valley residential real estate market over the past couple months has shown a very stable condition. If we reference the charts, the active inventory level has been flat over the past few months. This is after a major inventory increase over the past year and a half. The quantity of ... » Learn More about San Fernando Valley Home Numbers Stable
The Qualified Residential Mortgage Rule Finally Getting Squared Away
The Qualified Residential Mortgage Rule (QRM) part of the Dodd–Frank Wall Street Reform and Consumer Protection Act, is finally starting to look like it'll not just correlate with the Qualified Mortgage Rule (QM) that was put in place in January, but it will not have the 70% loan to value criteria ... » Learn More about The Qualified Residential Mortgage Rule Finally Getting Squared Away
Wednesday- Do You Want a Crystal Ball That Will Predict the Future of Real Estate?
Don’t wait for the news to give you obsolete information. Ron Henderson President/Broker of Multi Real Estate Services, Inc will be conducting a presentation on how to use past and present indexes, charts, housing data, and technical analysis to determine the future direction of interest rates and ... » Learn More about Wednesday- Do You Want a Crystal Ball That Will Predict the Future of Real Estate?