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California First-Time Home Buyer: 2022 Programs and Grants

Peter Warden The Mortgage Reports Editor May 16, 2022 - 9 min read California Home Buyer Overview: The average home purchase price in California is considerably higher than in most states. So eligible first-time buyers really stand to benefit from the homeownership programs described below. California home buyer stats Average Home Sale Price in CA1&nb...

91387 Market Update with Absorption Rate September 2022

Currently there are 55 Active Listings in 91387. Median listing price is $874,900. Median Price Per SQFT is $418. For month September 26 homes sold. Average days on the Market was 23 Days for month of September. Median sold price was $840,000 in Canyon Country 91387. 

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U.S. Existing-Home Sales Fall Again as Housing Downturn Gathers Steam

By Aarthi Swaminathan Oct 20, 2022 The numbers: U.S. existing-home sales fell 1.5% to a seasonally adjusted annual rate of 4.71 million in September, the National Association of Realtors said Wednesday. This is the eighth straight monthly decline, the first since 2007. The decline was in line with economists forecasts, according to a Wall Street Journal survey. The la...

Mortgage rates fall to under 7% after inflation report!

Today the Consumer Price Index was released at 7.7%. What does this mean for mortgages and real estate? It means the fight for inflation is showing signs of working. The work the fed is doing is slowing the rate of inflation. However, inflation is still not going away. This is still far from the Federal Reserves target inflation rate of 2%. This is a good sign that inflation could be beginni...

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4 Ways Artificial Intelligence Is Changing Real Estate

How AI is driving competitive advantage in an increasingly crowded real estate market Artificial intelligence (AI) has become a buzzword in many industry sectors, and real estate is no exception. But like many trendy new terms, it’s commonly misunderstood. Contrary to what many people feared, the rise of AI hasn’t led to a surge of jobs being replaced by computers, and neither is...

With an End to Eviction Protection Looming, LA City Council Votes on New Proposals

Update #2: LA County Votes to Extend Eviction Protection Measures By Two Months The news is changing faster than we can update, folks. It appears Los Angeles County (not to be confused wit the city) has just held a last minute vote to further extend COVID-era protections by two months. The new expiration date (at least for now) is March 31, 2023. Update #1: LA City Council Votes to Expand...