According to the Housing Vacancy Survey conducted by the Bureau of the Census, U.S. housing demand grew by 541,000 households between Q3 2013 and Q3 2014, while the national homeownership rate declined 90 bps—from 65.3% to 64.4%. Over this period, total household growth and the decline in the ... » Learn More about Homeownership Rate Drops While Renter Households Increase
housing affordability
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
San Fernando Valley Real Estate Market at a Glance
The San Fernando Valley real estate market continues it's transition from a seller's market to one of neutrality. A "well priced" listing can still move fast. A poorly priced property can sit on the market, and take price reductions. When looking at the most recent real estate statistics, the ... » Learn More about San Fernando Valley Real Estate Market at a Glance
30 yr Fixed vs ARM – What’s It Worth to You?
Traditionally, everybody wants a 30 year fixed mortgage. You know the interest rate isn't going to change for 30 years. Cool, but what if you're paying a lot of money for that longer term guarantee? What if you're planning on moving in 7 or 8 years? Have to refi to pull money out for kid's ... » Learn More about 30 yr Fixed vs ARM – What’s It Worth to You?
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