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 […]
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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 […]
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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 […]
Read MoreWhat 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 […]
Read MoreThe Sunset Park neighborhood of Santa Monica, which has approximately 2700 single family homes, has been a very active market in the past few months. There are only 23 homes currently available with an average amount of more than 100 days listed on the market. As of the third week of May, there are currently 15 […]
Read MoreThere was a lot of economic activity that kept investors watching every move. As the Mortgage and Real Estate News reports: With a Fed meeting, Treasury auctions, and major economic data on this week’s schedule, investors were watching closely for unfavorable news. In the end, there were no major surprises. Little changed in the Fed statement, […]
Read MoreAccording to the National Association of Realtors: Pending home sales rose in February, potentially signaling a second surge of home sales in response to the home buyer tax credit. The Pending Home Sales Index, a forward-looking indicator based on contracts signed in February, rose 8.2 percent to 97.6 from a downwardly revised 90.2 in January, and remains […]
Read MoreMore First-Time Buyers in Real Estate Market Affordable home prices, tax credits for home buyers, historically low interest rates, and a large number of distressed properties prompted many first-time home buyers to enter the market in 2009, according to C.A.R.’s 2009-2010 “State of the California Housing Market” report released today. California’s median home price hit […]
Read MoreSellers Respond to ’09 Housing Market by Choosing Realtors According to the latest survey of home sellers by the California Association of Realtors, Changes in family and employment status as well as adjustments to monthly mortgage obligations played significant roles in California’s homeowners’ decisions to sell their homes in 2009. With home sellers facing ever-changing federal […]
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