As expected the Federal Reserve increased their Fed Funds Rate another 1/4% at today's FOMC meeting to 2.0%. Here are some take aways from the Fed Chairman Jerome Powell's news conference, and the markets reaction. Basically no change in Fed policy. Steady rate increases. Slow liquidation of the ... » Learn More about Fed Rate Increase of Another 1/4% and Federal Reserve Actions Moving Forward
housing affordability
Mortgage Rates are Up, Hopefully Stabilize for a Little While
As expected the mortgage interest rates have been going up for several months. As they say, don't fight the Fed. In reality, the Federal Reserve has been hitting the interest rates on two levels. Moving the Fed Funds Rate a 1/4% every few months, increasing the short term rates... and slowly ... » Learn More about Mortgage Rates are Up, Hopefully Stabilize for a Little While
Los Angeles Housing Affordability for Renters
As reflected in the HARI, Housing Affordability Renters Index, the Los Angeles region is the least affordable in the nation at 18%. The home ownership rate is also the lowest at 47.7%, which translates to Los Angeles having a higher percentage of renters than owners. Compare that to the Phoenix area ... » Learn More about Los Angeles Housing Affordability for Renters
All Tax Liens Will Be Removed from Credit Reports
Last year, the three National Credit Reporting Agencies (NRAs) – Equifax, Experian and TransUnion – started to implement enhanced standards for collecting and updating public record data reported on consumer reports, in accordance with the National Consumer Assistance Plan (NCAP) requirements. As a ... » Learn More about All Tax Liens Will Be Removed from Credit Reports
Case Shiller Shows Los Angeles Housing Up 7.1% YOY, Where Will It Be Next Year!
The Case Shiller index shows the housing values in Los Angeles had a monthly increase of .6%, and a year over year increase of 7.1%. Historically, over the past 42 years property values in the Los Angeles region appreciated 4.99% annually, including the massive drop during the 2008 housing/economic ... » Learn More about Case Shiller Shows Los Angeles Housing Up 7.1% YOY, Where Will It Be Next Year!