Ron Henderson President/Broker of Multi Real Estate Services gives a history lesson on San Fernando Valley (Los Angeles) real estate prices, and the elements that can create a Boom or Bust in 2021, and into the future. Covers a span from 1959-2020, and how the past can affect the future, and how the ... » Learn More about San Fernando Valley (Los Angeles) Real Estate Prices 2021 Boom or Bust?
Los Angeles Real Estate market
Los Angeles Real Estate Report Card November 24 2020
Property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of new housing construction to keep up with the number of new housing ... » Learn More about Los Angeles Real Estate Report Card November 24 2020
New Fannie Mae and Freddie Mac Loan Limits for 2021
The substantial appreciation of residential real estate values in 2020 has helped the Federal Housing Finance Agency (FHFA) push the maximum loan amounts allowed for conforming loans to new highs. On a national level, the base loan amount increased from $510,400 (2020) to $548,250 (2021). The limits ... » Learn More about New Fannie Mae and Freddie Mac Loan Limits for 2021
Los Angeles Planning Dept Playing Catchup For Needed Housing
The California State Housing Element Law was established in 1969. It requires jurisdictions to do their “fair share” around planning for adequate affordable housing (RHNA). It requires a review of the General Plan and must be updated every 8 years. It recognizes that housing is a critical need and ... » Learn More about Los Angeles Planning Dept Playing Catchup For Needed Housing
San Fernando Valley Housing Statistics August 2020
The heated San Fernando Valley housing market continues on with multiple offers for most well-priced listings. The historically low-interest rates are pushing buyers into the market. The low inventory is acting as a limit to the number of sales and propping up values. It's a very frustrating ... » Learn More about San Fernando Valley Housing Statistics August 2020