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 Real Estate market
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
Los Angeles County Real Estate Report Card August 2020
The Los Angeles real estate market is still shaking off COVID but feeling a boost from the historically low interest rates. Property values are still appreciating because of supply and demand. In this report card, you can see how only a fraction of the needed housing to cover the new household ... » Learn More about Los Angeles County Real Estate Report Card August 2020
California Real Estate Market at a Glance
We've already seen a "V" shaped rebound from the April crash the California real estate market took when the Pandenic "Stay at Home" order was put in place. The statistics show a theme. There was a pent up buyer base ready to buy... and the sellers stayed away. Buyers initially thought they ... » Learn More about California Real Estate Market at a Glance