The 30 year fixed mortgage rates have been steadily dropping and are a full percent lower than a month ago. 6.3% may not be 3% like we saw a year ago, but much better than the 7.5% seen in early November. We know the Federal Reserve will increase the Fed Funds Rate again next week. Their battle ... » Learn More about Mortgage Rates Fall Back to Multi Month Lows
San Fernando Valley Real Estate Market
The Option to Make Money From Your Real Estate License Without Doing the Work
Real estate agents many times realize real estate as a vocation isn’t working out for them, or they need an option. You worked hard to get your real estate license. Transfer your license and reap the benefits. There’s value in your license, even if you’re not active conducting the ... » Learn More about The Option to Make Money From Your Real Estate License Without Doing the Work
San Fernando Valley, CA Housing Market Snapshot October 2022
The San Fernando Valley housing market continues to reset. The number of active listings is up as sales slow. New listings coming on the market are down because owners with low 3% mortgage rates will hold off on selling, plus there is a seasonal element to the quantity of new listings generally ... » Learn More about San Fernando Valley, CA Housing Market Snapshot October 2022
The San Fernando Valley Housing Market Continues to Reset Through October 2022
The pendulum swung too far one direction as it was stimulated by artificially low mortgage rates and low inventory, now the pendulum is swinging in the other direction as the mortgage rates are being pushed higher and the pool of capable buyers is being squeezed. We’re in the later stages of the ... » Learn More about The San Fernando Valley Housing Market Continues to Reset Through October 2022
San Fernando Valley (Los Angeles) September 2022 Housing Statistics – Mortgage Rate Induced Weakening
The higher rates being expedited by the Federal Reserve to tame inflation is affecting housing purchase affordability levels and is now being reflected in recent statistics. The housing market and pricing numbers are always a reflection of supply and demand. From a macro level, the Los Angeles ... » Learn More about San Fernando Valley (Los Angeles) September 2022 Housing Statistics – Mortgage Rate Induced Weakening