The higher interest rates are having an effect on the housing market, but that is no surprise. Over 6 months the 30 year fixed conforming loan rates have jumped from 2.75% to 5.5%. The slowdown is started to be reflected in the local housing numbers. New listings are flat month over month. ... » Learn More about San Fernando Valley Housing Market Slowing, But Still Moving Along
San Fernando Valley Real Estate Market
Income to Loan Guide San Fernando Valley Homes April 2022
Recently the interest rates are even higher than the 4.98% rate for a 30 year fixed mortgage, but the numbers conveyed in the graphic are a relative idea of where we are now with higher property values, and higher rates, hurting the affordability ratios and qualifying capabilities of many marginal ... » Learn More about Income to Loan Guide San Fernando Valley Homes April 2022
San Fernando Valley Housing Market Snapshot April 2022
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me Ron Henderson GRI, SRES, SFR, RECS, CIASPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about San Fernando Valley Housing Market Snapshot April 2022
San Fernando Valley Los Angeles Real Estate Market Report April 2022
San Fernando Valley real estate is starting to feel the effects of higher mortgage rates, and high property values... but the supply of homes is still substantially lower than the general population needs. What does that mean? Property values will continue to appreciate, abet at a lower rate than ... » Learn More about San Fernando Valley Los Angeles Real Estate Market Report April 2022
Why the Structural Elements of New Housing Construction and Age Demographics Feeds Into a Continuing Strong Real Estate Market
Housing follows the basic economic 101 fact that if demand is higher than supply, pricing will go up. The age chart reflects the Millennials are in their prime housing formation years. The aging population is staying put, and the average time of housing retention used to be 7 years, now it's 11. ... » Learn More about Why the Structural Elements of New Housing Construction and Age Demographics Feeds Into a Continuing Strong Real Estate Market