Governor Brown recently signed off on numerous bills that will theoretically do four things to help the California housing affordability crisis. Cut some developers red tape, put teeth in the California "Housing Element Law" requiring local municipalities to get out of the way of housing development ... » Learn More about History Shows California Taxes for Affordable Housing Won’t Be Spent Properly
housing affordability
Fed Decision Wednesday to Not Increase Fed Funds Rate, Nothing Compared to Planned Quantitative Tightening to Affect Mortgages
The Fed’s decision to not increase the Fed Funds Rate from the 1-1.25% range was no surprise. It did shock the financial markets that they aren’t going to kick the can down the road, and will start to do their Quantitative Tightening this October. Here are the facts to wrap your head ... » Learn More about Fed Decision Wednesday to Not Increase Fed Funds Rate, Nothing Compared to Planned Quantitative Tightening to Affect Mortgages
California Housing Update / The Housing Crisis – California Economic Forecast
Last week I attended the 2017 Entrepreneur Economic Forecast Conference covering the 2018 Los Angeles / Ventura County's Economic Outlook. The following analysis from the consulting firm emphases the housing supply and demand malfunction, and the local governments obstructions in fulfilling the ... » Learn More about California Housing Update / The Housing Crisis – California Economic Forecast
California and Los Angeles Real Estate Market Update
The Los Angeles, San Fernando Valley and the California state housing market statistics have many of the same characteristics. Unsold inventory is historically tight, days on the market are low, regardless on the drop in the affordability index. If you look at the San Fernando Valley charts you ... » Learn More about California and Los Angeles Real Estate Market Update
Seller’s Real Estate Market Challenges
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage Professionals BRE #00905793 ... » Learn More about Seller’s Real Estate Market Challenges