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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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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...

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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Exploring the North Los Angeles County Real Estate Market: A Guide for Millennial and First-Time Homebuyers

If you're a millennial or first-time homebuyer looking to purchase a home in North Los Angeles County, you may be wondering what the current real estate market looks like. With low mortgage rates and a variety of affordable homes available, it's a great time to buy in the area. The median home price in North Los Angeles County, including the San Fernando Valley and Santa Clarita Vall...

Navigating the California Real Estate Market: A Comprehensive Overview

Blog Written By ChatGPT The California real estate market is constantly evolving, and staying informed about its current status is crucial, especially if you're considering buying or selling a property. In this blog, we'll provide an in-depth analysis of the state of the California real estate market, including key factors such as home prices, interest rates, fire insurance, and...

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How Blockchain and Cryptocurrency Are Influencing the Real Estate Market

Despite its slow adoption in real estate, digital currency has the power to improve accessibility to homeownership and shorten the home-buying process. Key takeaways: Using digital currency and the blockchain to buy and sell property could be a huge game changer for the real estate industry. Now is the time for real estate professionals and companies to jump on the cryptocurrency and...

These Are The People Who Should Be Buying A Home!

The ideal home buyer in the Los Angeles real estate market today can vary depending on their specific needs and preferences. Los Angeles is a diverse and sprawling metropolitan area with a wide range of neighborhoods and property types, so the ideal buyer can differ significantly from one part of the city to another. However, here are some general characteristics that might define an ideal home...

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How the NAR Settlement Is Changing Homebuying and Selling

By Aly J. Yale Edited by Dawn Bradbury Reviewed by Liisa Rajala Aug. 15, 2024, at 2:04 p.m. https://realestate.usnews.com/real-estate/articles/what-the-2-billion-realtor-lawsuit-means-for-homebuyers-and-sellers   A shakeup is looming for the real estate industry as new rules take effect this week that change how agents get paid – and it could mean...

December Real Estate Housing Update 2024

As we approach the end of 2024, the real estate landscape in Los Angeles County is shaped by the interplay of interest rates, home prices, and affordability. Here’s an overview of current trends and projections for the next 60 to 90 days. Current Mortgage Rates As of December 5, 2024, the average interest rates for Los Angeles County are: • 30-year fixed-rate mortgage: Appro...