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How Blockchain and Cryptocurrency Are Influencing the Real Estate Market

June 28, 2022 by Lee Nelson https://magazine.realtor/technology/feature/article/2022/06/how-blockchain-and-cryptocurrency-are-influencing-the-real-estate 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 cryptocu...

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...

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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...

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...

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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...

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...