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It’s been an interesting month in the Greater LA housing market as more housing inventory flows into a parched market. We ended April’s absorption rate analysis with a prescient statement: “We did see a higher number of houses for sale in Los Angeles hitting the market in April. If that trend continues, we may see absorption rates drop closer to the buyer&r...
As we embark on the spring homebuying season, the market might seem a bit chilly at first glance. Prospective buyers face a challenging landscape characterized by high mortgage rates, limited housing inventory, and escalating home prices. Compounding the situation, recent data from Freddie Mac reveals that in April, the average rate for a 30-year fixed mortgage surg...
A key measure of home-purchase applications surged last week as mortgage rates dropped to the lowest level in more than a year. The Mortgage Bankers Association's (MBA) index of mortgage applications jumped 6.9% for the week ended Aug. 2, according to new data published Wednesday. At the same time, the average rate on the popular 30-year loan dropped to 6.55...
KEY POINTS Mortgage application payments decreased to $2,167 in June, a 2.4% decline from $2,219 in May, according to the Purchase Applications Payment Index by the Mortgage Bankers Association. Homebuyer affordability conditions are beginning to improve, according to experts. Sdi Productions | E+ | Getty Images Home affordability has slightly improved for buy...
Should You Rent Out or List Homes for Sale in California? Current Real Estate, Industry, Misc., Tips August 12, 2024August 12, 2024 JohnHart Real Estate and Harout Keuroghlian Is it better to rent out or list homes for sale in California? You’d be surprised how much this question comes up. There’s no denying that property is a...
Featured image: Soake Pools Everyone wants a home with a swimming pool. It’s one of the most commonly coveted features of prospective homebuyers entering the market. But even in a city with the unparalleled urban sprawl of Los Angeles, yard space can be a hot commodity. If you can fit a swimming pool in your backyard, you might not have any yard left. But a new trend is giving new...
8 Castles to Visit in California By Betsy Malloy Betsy Malloy Betsy has been writing about California for nearly more than two decades as TripSavvy's expert on the state. Travel's editorial guidelines Updated on October 4, 2022 Photo: Andy Castro/Flickr/CC BY-NC California...
As our neighbors consider rebuilding their homes following the horrifying wildfires that tore through the region just a little over a week into the new year, more and more homeowners are taking careful consideration into what materials and practices build fire-resistant homes. Sadly, a fully fireproof home just isn’t feasible. Otherwise, we may not be going through the ongoing headache of...
Current Real Estate, Industry, Local News, RE News February 3, 2025February 4, 2025 Seth Styles We’ve never seen a month like January 2025 in the history of publishing our absorption rates. And with so many monumental factors at play, it’s tough to pin these results on one thing. New presidential administration? Citywide fires? The Grind t...
How Lower Interest Rates Affect Home Prices: What Buyers and Sellers Need to Know In the world of real estate, interest rates play a powerful role in shaping the market. When the Federal Reserve lowers rates—or when mortgage rates drop—homebuyers and sellers alike start to feel the ripple effects. But how exactly does a lower interest rate affect home prices? Let&rsq...