The media is dwelling on the existing "national" home sales increasing month over month by almost 5%, when California's sales slowed by .6% month over month, and almost 10% year over year. This is prime time during the year when most sales are coming together. The statewide inventory level stayed ... » Learn More about California Housing Market at a Glance
san fernando valley
Mortgage Guideline and Interest Rate Update February 4, 2014
Over the last few months we have had 2 $10,000 reductions of the QE or Quantative Easing by the Federal Reserve. From $85B a month in bond and mortgage backed securities purchases, to $65B. Janet Yellen has now taken the Chairman seat from Bernanke, and she’s expected to maintain the same ... » Learn More about Mortgage Guideline and Interest Rate Update February 4, 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
Real Estate Market Update San Fernando Valley, Los Angeles, CA December 19, 2013
Ron Henderson President/Broker of Multi Real Estate Services and a Gov't Affairs Chair for the California Association of Mortgage Professionals gives an overview of the present real estate market, inventory issues, and statistics for the San Fernando Valley region of Los Angeles California. This is ... » Learn More about Real Estate Market Update San Fernando Valley, Los Angeles, CA December 19, 2013