They say sometimes "what's old is new again". Then again sometimes "what's old is just old". It's been a few years, but every so often a website needs a facelift or a repurposing. In this case, it was both. I started Multi Real Estate Services back in 1995. Back then it was basic HTML ... » Learn More about A New MRES Multi Real Estate Services Website
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Mortgage Interest Rate Update September 10 2014
Interest Rates have been great, and still at historic lows, but over the past couple weeks we’ve been seeing a slow trickling up of the rates. Some of the increase in rates is because of the calming of geo political tensions. Russia has been behaving over the past week and there’s been less of a ... » Learn More about Mortgage Interest Rate Update September 10 2014
Real Estate Market Update San Fernando Valley, Los Angeles, CA January 27, 2014
2012 & 2013 were very strong years for the local market with major price appreciation. Hedge Funds and foreign investors were buying REOs in bulk, and buying multiple unit and single family residential units for cash, driving up pricing. Over the past few months it has definitely slowed ... » Learn More about Real Estate Market Update San Fernando Valley, Los Angeles, CA January 27, 2014
Southland December Home Sales at Six-Year Low; Median Price Jumps per DataQuick
DataQuick News January 14, 2014 La Jolla, CA---Southern California home sales fell to a six-year low for the month of December as investor activity eased again and buyers struggled with a tight inventory of homes for sale. The median price paid for a home jumped to the highest level in nearly six ... » Learn More about Southland December Home Sales at Six-Year Low; Median Price Jumps per DataQuick
Latest Housing Affordability Data
These are the latest affordability numbers from the National Association of Realtors. They don't incorporate the tightening of loan underwriting guidelines due to the new Dodd Frank regulations that are just now starting to be imposed on mortgages, but it does give a good indication on how the ... » Learn More about Latest Housing Affordability Data