Mortgage rates headed down again, after lingering at a record low for two weeks. The benchmark 30-year fixed-rate mortgage fell 5 basis points this week, to 4.45%, according to the Bankrate.com national survey of large lenders. In the 25-year history of Bankrate’s weekly survey, the 30-year fixed has never been lower. According to statistics compiled by the National […]
I have just added new neighborhood information to my site. I previously had Brentwood, Santa Monica and West Los Angeles on the site, and I have now added Pacific Palisades, Mar Vista and Westwood. I feel that knowing a little more about a neighborhood informs a client’s decision. I wanted to pass on my knowledge about Los Angeles to help my […]
Southern California’s housing market’s sales volume rose slowly in June as the median price slipped back slightly from May, but remained 13 percent higher than a year ago. A total of 23,871 new and resale homes were sold in Los Angeles, Riverside, San Diego, Ventura, San Bernardino and Orange counties last month. That was up 7.2 […]
What to say about mortgage rates? Well, mortgage rates were little changed this week, which is actually a good thing, considering that the homebuyer tax credit expired recently. Starts on one-family homes fell 17 percent to an annualized pace of 468,000 units in May from April’s 20-month high. In addition, permits on one-unit homes fell […]