The San Fernando Valley Los Angeles region’s housing market has remained solid. Presently we have the seasonal slowdown in play, but the recent drop in mortgage rates will no doubt stimulate activity. Affordability levels are low because of the higher rates and values. The lower rates will help ... » Learn More about San Fernando Valley Real Estate Market Update Mid-December 2023
Los Angeles Real Estate market
San Fernando Valley Real Estate Market Update November 2023
San Fernando Valley Single Family Housing median price is up 13% year over year. A far cry from the calls that we would have a housing price crash. As I've conveyed numerous times, it's just a matter of supply and demand. Active listings should seasonally go up soon, but statistically is over 30% ... » Learn More about San Fernando Valley Real Estate Market Update November 2023
San Fernando Valley Real Estate Market Update October 2023
In today's atypical economic environment, the real estate market is exhibiting some unexpected trends. In a typical scenario, soaring interest rates would put a damper on both the volume of home sales and property prices. However, this is far from a typical economic environment. Let's delve into the ... » Learn More about San Fernando Valley Real Estate Market Update October 2023
Mortgage Rates Still Over 7%, the Fed, and Housing Affordability
The Standard 30 Year Fixed Rate Mortgage still hovers above 7%. With the Federal Reserve's ongoing debates about whether to maintain the 5.25% Fed Funds Rate or raise it another 0.25% at their upcoming meeting, prospective homebuyers and current homeowners are faced with some tough decisions. ... » Learn More about Mortgage Rates Still Over 7%, the Fed, and Housing Affordability
Is Insurance Becoming the Housing Market’s Achilles’ Heel?
In recent times, insurance costs have been skyrocketing, leading to significant concerns within the real estate market. While some attribute this surge to "greedy insurance companies," there are various factors at play, including wildfires, floods, inflation, and delays from regulatory bodies like ... » Learn More about Is Insurance Becoming the Housing Market’s Achilles’ Heel?