It is worth repeating the truism that owning a home is the best way to secure wealth. This is an easy statement to believe in retrospect but often put into doubt during times of rapid price appreciation when the stronger...
View Article
Disinflation continued to be the trend in 2023. The Consumer Price Index year-over-year dropped to 3.1% in November, with anticipation that end of year figures will be lower as fuel, auto, travel prices have dropped. This is good news for hopes of...
View Article
Prices, rates, and incomes. We know that incomes will drive housing prices quicker during recessionary times as incomes will decline quicker than they will rise. Inflation can act as a decelerator on wage increases. We have seen the impact of...
View Article
If you are shopping for a loan to buy or to refinance an existing mortgage, make sure you truly understand your loan product. Know not only how many years it is amortized for, but also when is the loan due....
View Article
The Sunday June 9th headline in a local paper quoted “Reports On Housing” reports that inventory in the 4 county southland of Los Angeles, Orange County, San Bernardino and Riverside, rose substantially to 36,335 as of May 30th, up from...
View Article
Could we be seeing the beginning of pricer decline across the southland?Don’t get too excited–the southland median price did rise 5.8% year over year from July 2017 to July 2018, but prices did dip from June’s median price rise the...
View Article
Three myths to the current housing market: #1) We are headed for a bubble. Homes have risen in prices for 76 straight months. However, this next recession will be considered a “normal” recession after years of economic growth and employment. ...
View Article
Home sales posted a fourth consecutive gain in Orange County. Bouncing off a 12-month low, we have seen a climb to 2,128 homes sold in May. This is still about
READ MORE
