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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. 

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...

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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...

LA ranks near bottom of 2023 residential market forecast

Los Angeles / Trevor Bach December 08, 2022 02:31 PM With just weeks to go before the new year, Realtor.com on Thursday published its 2023 housing forecast for the country’s 100 largest metro areas — and L.A. ranks near the bottom. The website’s model incorporates data from local housing markets and the economy to predict year-over-year overal...

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Real Estate Cycle: Understanding the Four Phases

https://www.fortunebuilders.com/real-estate-cycle/ As a real estate investor, it’s essential that you keep a pulse on the real estate cycle, both on macroeconomic and microeconomic scales, and know where we are in said cycle. The housing market cycle is closely tied to the general economy. Still, you can’t assume that the housing market is doing well just because the general...

California Dream For All! Down Payment Assistance Program 20% Quick Guide

Website for the program is here!!!! ——> https://www.calhfa.ca.gov/dream/index.htm The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs. Upon sale or transfer of the home, the homebuyer repays the origina...

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Good Time for Investors to Unload

Real estate investors have done well. Rents have risen and home price appreciation has been quite exceptional. In the past three years, the typical rental rate and typical home price have soared by 16.4% and 35.5%, respectively. Over the past five years, those figures are 24.9% and 50.8%. These returns were occurring at a time of low-cost financing. Now it’s time for investors to sell....

How Interest Rates Are Determined

How are interest rates determined? They are determined by three forces. The first is the Federal Reserve, which sets the fed funds rate.1 That affects short-term and variable interest rates.2 The second is investor demand for U.S. Treasury notes and bonds.3 That affects long-term and fixed interest rates. The third force is the banking industry. It offers loans and mortgages...

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How interest rates and economic factors impact housing.........

https://www.bankrate.com/real-estate/interest-rates-housing/ 4 MIN READ Published April 20, 2023 Written by TJ Porter The housing market is complex. Prices are driven by a wide variety of factors that are local, regional, national and global. While basic concepts like supply and demand come into play, other things like mortgage rates, inflation and even economic condit...

Presidential Elections Don’t Hurt Home Sales

by: Alexander Shaban, Alex Thomas July 30, 2024 https://jbrec.com/insights/presidential-elections-effect-on-housing-home-sales/ Key takeaways The annual seasonal decline in home sales is no worse in election years than in non-election years, according to 35 years of data. Greater-than-expected seasonal declines in home sales mostly reflect poor economic conditions (recessions...