Market Trends
Real Estate Headlines
Home sales way down in April, but not necessarily prices; some borrowers using loan forebearance are seeing it on their credit reports; watch out for rental fraud...... read more at the link
Find out more about buying in today's housing market; mortgage deferral programs announced by Fannie and Freddie; new listings of high end homes are down 46 percent; read more at the link . . .
Why are home prices rising during the pandemic? Avoid this mistake if you are skipping mortgage payments; keep your credit score as high as possible if you're looking for a mortgage now; and what is the new normal for home showings? more at the link . . .
Buying or selling home during the pandemic; Fannie Freddie loans will not require lump sum forebearance payment; home sellers staying firm on price; read more at link. . .
Livestream open houses on REaltor.com; investigate your loan's forebearance conditions before you do it; watch out for fake checks in the mail; prepare to buy a home under newer pandemic conditions; and mortgage rates are so low . . .
See the IRS portal for stimulus check payments; California home sales feel impact of shutdown; Hispanic homeownership increased in 2019 . . . read more at link
In spite of CoronaVirus pandemic, you can still buy a house, but be aware of how the real estate industry, and Realtors, must address certain issues. Find out more about certain loan forebearance terms, and what homeowners may experience in contacting their lender. Interest rates are at record lows, be prepared to handle the application --- more at the link
Virtual home tours soar, buyers still need to buy, and there's a new way to view properties; certain types of home appraisals have relaxed standards, which some buyers and sellers are finding helpful; how to keep your home virus free, all important information for selling and buying . . . more at the link.
prior to COVID-19 outbreak, February home sales were up over 5% from one year ago, median home price was up over 8%. Home sales jumped 6.5% in February, 30 year mortgage rates under 4%.... read more at the link
Consumer confidence still high; mortgage application surged 55% higher from week earlier; more at link.....
Emergency rate cut with COVID-19 as market issue; U.S. housing market still undersupplied 3.3 million homes; mortgage rates at all time low.... more at link
Home prices up for 34 consecutive quarters since Sept. 2011; pending home sales up as boost from low mortgage rates; consumer confidence highest in 6 months .... read more at link....
The truth is.... such low rates as now will save you a lot of money; California January median price home was down 6.5% from December, making another good reason to buy now; buying a home is work, it pays to work with a knowledgeable Realtor . . . . read more at the link....
Buy a home with less than 20 percent down; Buying a home requires time and effort, not just for Millennials; U.S. homeownership at multi-year high; read more at the link . . .
Read more about improving your exterior curb appeal for a quicker sale; did you know your FICO score rules could be changing? Read how it may affect your score....
November sales of existing family home increased over 5%, while median home price increased over 6%, from one year ago. Housing permts and new construction starts have increased as well. read more at the link . . .
2020 Annual Housing Report by California Association of Realtors
Possible precedent for future decisions about development along the region’s growing Metro rail network.
Between 2010-2015, denser urban locations grew significantly faster than residential neighborhoods
San Francisco owners converted to condos; rent control does not necessarily help those who would need it most, read from The Economist
More land and cheaper, more government financing housing support are part of the reason buying a home was within reach of the average wage earner
Credit scores for one thing, so try to raise your score! It can be done!
Most landlords are the mom-pop type, not huge greedy corporations.
Activists are Pushing for the Ballot Vote
Market Snapshot
Difference between 7% vs. 3.3%?
See a chart for both.
What are the costs of buying, and which areas have the most monthly savings?
- Find out Long Beach, Lakewood, Cerritos, Seal Beach, Huntington Beach, or Cypress home and condo market prices and trends, and what's going on with the market values at the state level, right down to your city and zip code level.
- For a current report on annual housing trends and stats for your area, please fill out the form below for zip code or city requests (in pdf format) in most south Los Angeles/north-mid Orange County cities and/or zip codes.
- This is a special REALTOR report for interested homeowners and buyers which reveals average and median prices for single family houses and condominiums.
- Want to see how prices have changed in one year, or since last month?
- Just ask for the Local Market Update so that you can see the change in price, how much housing inventory has changed, and an easy-to-view chart showing the previous 4-year trend.
