the collective, REALTY Blog
Los Angeles County Public Health Order:
Temporary Targeted Safer at Home Order The City of West Hollywood is urging community members to follow the Los Angeles County Department of Public Health revised Health Officer Order. The revised Order is a Temporary Targeted Safer at Home Order for Control of COVID-19 effective from 12:01 a.m. on Monday, November 30, 2020 to 11:59 […]
Mortgage Rate Projection for 2021
In 2020, buyers got a big boost in the housing market as mortgage rates dropped throughout the year. According to Freddie Mac, rates hit all-time lows 12 times this year, dipping below 3% for the first time ever while making buying a home more and more attractive as the year progressed (See graph below): When you continually hear how rates are […]
7 Things you should know about the LA housing market
It’s a Seller’s Market It’s a seller’s market in the Los Angeles metro area, meaning there is more demand among buyers than housing available to purchase, which drives prices up. The real estate market was a bit more balanced for buyers and sellers before the coronavirus pandemic led to shelter-in-place orders and a sharp decline in housing market activity, though multiple […]
Helping Heroes Find a Home
Today, on Veterans Day, we honor those who have served our country and thank them for their continued dedication to our nation. In the United States, there are many valuable benefits available to Veterans, including VA home loans. For over 75 years, VA home loans have provided millions of Veterans and their families the opportunity to purchase their […]
Growing Interest Among Younger Generations To Buy
The demand for homes this year is extraordinary as record-breaking numbers of hopeful buyers continue to shop for homes. In a normal year, the peak homebuying season comes to a close by early fall. However, 2020 is anything but a normal year, and the housing market is no exception. Lawrence Yun, Chief Economist for the National Association of […]
Los Angeles Home Values Projected to Keep Rising
As we enter the final months of 2020 and continue to work through the challenges this year has brought, some of us wonder what impact continued economic uncertainty could have on home prices. Looking at the big picture, the rules of supply and demand will give us the clearest idea of what is to come. […]
C.A.R. releases its 2021 California Housing Market Forecast
California housing market recovery hinges on widespread availability and usage of effective coronavirus vaccine in early 2021. LOS ANGELES (Oct. 13) – Low mortgage interest rates and pent-up demand from a desire for homeownership will bolster California home sales in 2021, but economic uncertainty caused by the coronavirus pandemic and continued supply shortage will limit […]
For Sale By Owner vs Real Estate Agent – 6 Reasons why selling with a Real Estate Agent is worth it during Covid.
There are many benefits to working with a real estate professional when selling your house. During challenging times, like what we face today, it becomes even more important to have an expert you trust to help guide you through the process. If you’re considering selling on your own, known in the industry as a For Sale […]
California Breaks Median Home Price Mark
California Realtors are reporting this week that California’s housing market continued to improve in August 2020 as home sales climbed to their highest level in more than a decade and the median home price broke last month’s record, hitting another high. Closed escrow sales of existing, single-family detached homes in California also totaled a seasonally […]
Home equity surges as demand soars and mortgage rates stay low
After a brief stall in home sales at the start of the coronavirus pandemic, homebuyers came rushing back in — so fast that prices never even took a hit. In fact, the gains in prices accelerated quickly, causing home equity to soar even more. Home equity for homeowners with a mortgage rose 6.6% annually in […]
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