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
housing affordability
Update San Fernando Valley Home Prices 1959-2023
The end of 2023 saw the real estate residential home values in the San Fernando Valley (Los Angeles) reflect an aggregate average sales price of $875,000, 4% higher than the end of 2022. That doesn’t give the full story of the year though. Most of 2023 was in the throws of interest rate increases ... » Learn More about Update San Fernando Valley Home Prices 1959-2023
1st Time Buyer -Shared Appreciation “California Dream For All” Loan; Good, But Not Really For All
It’s hit the media, the second round of the government's “Dream For All” in 2024 will be very different than the first round last year. Created in 2022, Dream for All was originally envisioned as a 10-year, $10 billion investment before lawmakers scaled it back last year. In 2023 only $300 ... » Learn More about 1st Time Buyer -Shared Appreciation “California Dream For All” Loan; Good, But Not Really For All
Fed Goes to Neutral and Mortgage Rates Lowest Since May
The Federal Reserve left the Fed Funds Rate unchanged at 5.375% at their policy meeting today. Even though the Fed left the rate unchanged, they’ve basically admitted that they are now in a neutral position. They’ve been in a tightening stance for almost two years. The rates have hit their highs for ... » Learn More about Fed Goes to Neutral and Mortgage Rates Lowest Since May
Mortgage Rates Lowest In Two Months
Inflation based on the Producer Price Index (PPI), Consumer Price Index (CPI), and the Federal Reserve's favorite Personal Consumption Expenditures all show continued improvement. That in conjunction with the moderate Job Data, kept the the Federal Reserve to maintain the target range for the ... » Learn More about Mortgage Rates Lowest In Two Months