Supply and Demand is a basic economic fundamental. We all know in the present real estate market any well-priced listing in the Los Angeles region, in all price ranges, will have multiple offers to purchase it. Without getting into the causes of the market issues during the Great Recession in ... » Learn More about Comparing San Fernando Valley Active Housing Inventory 2007 vs 2021
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Seniors Real Estate Specialist National Designation
I just added another national designation to my Realtor specialized credentials. The SRES (Seniors Real Estate Specialist) has now been added to my GRI (Graduate Realtor Institute), CIAS (Certified Investor Agent Specialist), RECS (Real Estate Cyberspace Specialist), SFR (Short Sales and Foreclosure ... » Learn More about Seniors Real Estate Specialist National Designation
San Fernando Valley Housing Statistics July 2020
The San Fernando Valley housing market is feeling the effects of supply and demand. Inventory is low, while the purchase market is being fed by historically low-interest rates and a pent up demand. As was conveyed in my blog in the middle of July, the sales started leveling off in June after ... » Learn More about San Fernando Valley Housing Statistics July 2020
San Fernando Valley Real Estate Sales Take a Hit in April From COVID
We knew the statistics for residential real estate in April were going to be rough. It was the first full month the “Stay at Home” order would have been in place. They were.... 2020 started as very strong real estate market, but hit a wall in the middle of March when the COVID-19 economic ... » Learn More about San Fernando Valley Real Estate Sales Take a Hit in April From COVID
San Fernando Valley Property Sales Drop Off During “Stay at Home” Order
No need to dig into specific numbers, but by looking at the chart of single family dwelling newly opened sales in the San Fernando Valley, you can see how the sales dropped off after the “Safer at Home” order was initiated. The order was only put in place March 24th, so the April sales numbers will ... » Learn More about San Fernando Valley Property Sales Drop Off During “Stay at Home” Order