In a nutshell the housing market and mortgage rates are basically in a status quo position. Housing active inventory is up but still tight from potential sellers being locked in with historically low interest rates. Overall sales are active. Well priced listings in the lower price range sell ... » Learn More about San Fernando Valley Housing and Mortgage Rate Update May 2024
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San Fernando Valley Real Estate Market Update March 2024
The mortgage rates have had gyrations over the past few months, presently just under 7% for the 30-year fixed. The buyer base is getting accustomed to the higher rates, but rates still affect the affordability, especially when paired with the property values going up. In a normal housing ... » Learn More about San Fernando Valley Real Estate Market Update March 2024
Update San Fernando Valley Home Prices 1959-2023
The end of 2023 saw the real estate residential home values in the San Fernando Valley (Los Angeles) reflect an aggregate average sales price of $875,000, 4% higher than the end of 2022. That doesn’t give the full story of the year though. Most of 2023 was in the throws of interest rate increases ... » Learn More about Update San Fernando Valley Home Prices 1959-2023
1st Time Buyer -Shared Appreciation “California Dream For All” Loan; Good, But Not Really For All
It’s hit the media, the second round of the government's “Dream For All” in 2024 will be very different than the first round last year. Created in 2022, Dream for All was originally envisioned as a 10-year, $10 billion investment before lawmakers scaled it back last year. In 2023 only $300 ... » Learn More about 1st Time Buyer -Shared Appreciation “California Dream For All” Loan; Good, But Not Really For All
San Fernando Valley Real Estate Market Update Mid-December 2023
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