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housing affordability

Update San Fernando Valley Home Prices 1959-2022

Ave San Fernando Valley Housing Price 1959-2020 Logarthmic

The end of 2022 saw the real estate residential home values in the San Fernando Valley (Los Angeles) reflect an aggregate average sales price of $840,000, 4% lower than the end of 2021. That doesn't give the full story of the year though. In May 2022 the price hit $950,000. The closing prices ... » Learn More about Update San Fernando Valley Home Prices 1959-2022

Filed Under: Market Updates Tagged With: economics, housing affordability, Los Angeles Real Estate market, san fernando valley homes

California Real Estate Market at a Glance January 2023

California-Real-Estate-Market-at-a-Glance-0123

If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free in contacting me Ron Henderson GRI, SRES, SFR, RECS, CIASPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about California Real Estate Market at a Glance January 2023

Filed Under: Market Updates Tagged With: California Real Estate market, housing affordability

Mortgage Rates On A Roller Coaster

Mortgage Rates 1221-021523

From the peak of the recent mortgage rates in October '22 at 7.375%, they then dropped to 6.0% when the Federal Reserve made their last .25% increase in the Fed Funds Rate. The perception of the mortgage bond market was the Fed was beating the inflation monster. But then Rates have been rising at a ... » Learn More about Mortgage Rates On A Roller Coaster

Filed Under: Market Updates, Mortgage Rates Tagged With: economics, housing affordability, mortgage rates

Mortgage Rates Fall Back to Multi Month Lows

30 year mortgage 120721-120722 chart

The 30 year fixed mortgage rates have been steadily dropping and are a full percent lower than a month ago. 6.3% may not be 3% like we saw a year ago, but much better than the 7.5% seen in early November. We know the Federal Reserve will increase the Fed Funds Rate again next week. Their battle ... » Learn More about Mortgage Rates Fall Back to Multi Month Lows

Filed Under: Mortgage Rates Tagged With: California Real Estate market, economics, first time buyers, housing affordability, mortgage rates, San Fernando Valley Real Estate Market

Conforming Loan Limits Higher For 2023

Conforming Loan Limits 2023

Some lenders were recently funding loans higher than the actual 2022 loan limits, with all indications that the loan limits would be higher for 2023. The true loan limits have now been released. The Federal Housing Finance Agency (FHFA) announced the conforming loan limit values (CLLs) for ... » Learn More about Conforming Loan Limits Higher For 2023

Filed Under: Mortgage Rates Tagged With: conforming loan limits, housing affordability, mortgage rates

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