The higher rates being expedited by the Federal Reserve to tame inflation is affecting housing purchase affordability levels and is now being reflected in recent statistics. The housing market and pricing numbers are always a reflection of supply and demand. From a macro level, the Los Angeles ... » Learn More about San Fernando Valley (Los Angeles) September 2022 Housing Statistics – Mortgage Rate Induced Weakening
housing affordability
Mortgage Rates on a Roller Coaster
There is so much volatility in the financial markets, I can have multiple rate changes through my wholesale mortgage sources a day. Generally to the upside. We know the Federal Reserve was a year late on reversing their very loose financial accommodation of .25% Feds Funds Rates and Quantitative ... » Learn More about Mortgage Rates on a Roller Coaster
Buyers Chase the Market Up, Sellers Chase the Market Down
Understanding the dynamics of a real estate market is critical. Real estate and economic cycles may have different catalysts, but the ultimate result is the same. Property values go up, and they go down. Over time the values are always higher, but the cycles may take years to cycle through. The ... » Learn More about Buyers Chase the Market Up, Sellers Chase the Market Down
California Real Estate Market at a Glance July 2023
California's real estate market continues to normalize. The year-over-year numbers are skewed as over the last 12 month period, the first 6 months were still a super hot market with artificially low 3% mortgage rates and no inventory... the past 6 months the Federal Reserve is taking away the ... » Learn More about California Real Estate Market at a Glance July 2023
California, Los Angeles, San Fernando Valley Housing Statistics February 2022
As you can see in the attached charts, the real estate market still remains strong going into the Spring 2022 buying season. The only tricky part is what's going to happen with consumer confidence and the interest rates because of Geopolitical issues, high inflation, the Federal Reserve increasing ... » Learn More about California, Los Angeles, San Fernando Valley Housing Statistics February 2022