Home Prices Finally Fall Year-to-Year - Dec. 2022 LA Housing Market Update

It looks like median home prices have finally declined beyond where they were at the same time a year ago in the Los Angeles area based on the data that is in as of the 1st of the month ...

Weakness In Housing Continues - Nov. 2022 LA Housing Market Update

Well guys and gals, the higher mortgage rates continue to put a damper on the housing market, as pending home sales and closed sales continue to decline, while days on market and inventory levels continue to rise.

As we shift ...

Pending Home Sales Crash Below CV Lockdown Low - October 2022 LA Housing Market Update

Amazingly, pending home sales have fallen below the low during the initial phase of the CV lockdown, and at the same time, median home prices remain elevated just slightly compared to a year ago, showing the ...

Home Prices & Sales Keep Falling - September 2022 LA Housing Market Update

The housing market continues to soften as we hear more from the Federal Reserve about further rate increases going into 2023. While median prices have fallen from their recent peaks, they still remain just above where they were ...

Well folks, things have been continuing on trend from the last few months. Prices just barely eke out a gain, while inventory starts its rise. Pending sales and closed sales are plummeting. Generally speaking, in order to sell in this new market, sellers will need to price correctly out of ...

Prices Flatten, Sales Fall - July 2022 LA Housing Market Update

As a result of rising mortgage rates, the real estate market continues to cool off. Median home prices remain above last year's levels but are starting to flatten out. Closed and pending sales are both down significantly, and after ...

Pending Home Sales Crash - June 2022 LA Housing Market Update

We are either experiencing the calm before the great storm or a drastically more expensive and difficult housing market to come, as pending home sales crash, while home prices and mortgage rates rise substantially. This strong compound effect of ...

Have Home Prices FINALLY Peaked? - May 2022 LA Housing Market Update

With the Federal Reserve signalling a .5% rate increase today, will this finally push the housing market over the edge? Has housing finally peaked?

So far the objective data would not suggest a peak in home prices, but leading ...

Home Prices Start Rising AGAIN – Apr. 2022 LA Housing Market Update

As we head into peak selling season, median homes prices have started to rise pretty substantially again in the county of Los Angeles, even in the face of higher mortgage rates. Inventory remains terribly low and shows no ...

Home Prices Flatten – Mar. 2022 LA Housing Market Update

In this video, I talk about how home prices have been gradually flattening out in L.A. County and the South Bay and how inventory remains low as well as a little about interest rates and how they may affect ...