In this video, I talk a little about what's happening with mortgage rates and how that will likely affect the local real estate market going forward. I also discuss what's happening with median homes prices and inventory levels in Los Angeles County & The South Bay Beach Cities.
In this video, I talk about how much money down you really need to buy a home. I'll go over several different financing options such as conventional financing, FHA financing, and down payment assistance programs and some of the pros and cons of each. I'll also discuss mortgage insurance and why it's not so bad after all.
Loan limits do exist for both conventional and FHA financing options, but they have consistently gone up year after year and allow most buyers many options for types of properties they can buy before having to qualify for jumbo and other loan types that typically require larger down payments.
I talk about how housing inventory in Los Angeles pretty much vanished throughout 2021 and how this will affect the market going forward. Also learn about what happened with median homes prices in both Los Angeles & the South Bay Beach Cities.
What is going to happen to real estate prices in 2022 in Los Angeles? Are they going to fall? Keep going up? Many people are already talking about the market crashing and have been talking about that for the last few years.
With the Federal Reserve indicating they're going to raise rates in 2022 and 2023 will this crash the housing market?
Find out my thoughts in this video and let me know what you think.
This video goes over some of the big things that happened in real estate for Los Angeles in 2021. I talk a little bit about home prices and inventory, laws that changed in CA allowing more inventory to be built, Zilllow exiting the home buying business, and the extension of the eviction moratorium.
Have home prices begun to finally stabilize and how long will this last? I will answer these questions and more in this real estate market update for the end of November 2021.
We'll also take a look at charts for median home prices, the supply of inventory and closed sales in Los Angeles County.
The Weber Real Estate Team
BRE 01949818
The housing market begins to cool off. Zillow may be the canary in the coal mine with new data showing they're upside down on a large percentage of the homes they've been buying recently and shutting down all home purchases for the rest of 2021. For Los Angeles & the South Bay, inventory remains extremely low, while median home prices continue to retreat downwards from earlier highs. Should the Fed actually taper asset purchases in a meaningful way or should interest rates rise, all bets will likely be off for the housing market in 2022. Find out what's happening with home prices, inventory, and the number of sales making it to the closing table for Los Angeles County and the South Bay Beach Cities.
In this video, real estate broker Michael Weber talks about what's happening in the Los Angeles and South Bay Beach Cities real estate markets for the beginning of October 2021.
Lots of things are changing in the real estate market. With the passage of SB-9 & SB-10, this should stimulate some much needed future inventory and housing supply. The government continues to find new ways to prop up the housing market. Although the federal eviction moratorium ended, cities and counties are quickly replacing it with their own versions. Large public companies are buying up the housing inventory with a vengeance. And home prices continue to taper while inventory remains historically low. All this and more in this market update.
Give us a call today if you need help with real estate.
The Weber Real Estate Team
mikeweberrealestate@gmail.com
424-237-8570
Broker Associate
BRE 01949818
In this video, real estate broker Michael Weber talks about what's happening in the Los Angeles and South Bay Beach Cities real estate markets for the beginning of September 2021.
Although median home prices continued to remain relatively strong in the month of August, we did start seeing some noticeable tapering in prices in certain areas within the county. Additionally, this is in the face of extremely low housing inventory. It seems the stimulation from continued low interest rates and Fed bond buying has started to wane. I would imagine new ways to stimulate prices will be showing up soon. However, should the Federal Reserve actually raise rates or truly start tapering their bond buying programs, this may prove too much for the housing market to bear.
Find out what's happening with home prices, inventory, and the number of sales making it to the closing table for Los Angeles County and the South Bay Beach Cities.
The Weber Real Estate Team
mikeweberrealestate@gmail.com
424-237-8570
Broker Associate
BRE 01949818
In this video, real estate broker Michael Weber talks about what's happening in the Los Angeles and South Bay Beach Cities real estate markets for the beginning of August 2021.
After some time of everything being the same, we may be starting to see something just a little bit different. In some markets in the US, sales of new and existing homes may be showing some initial signs of cooling off, even while the government continues to support the market and with rates continuing to stay historically low. Los Angeles County and the South Bay charts still look very strong overall, but for the month of July we saw a reversal in y/o/y median home prices after several months of sustained growth.
Find out what's happening with home prices, inventory, and the number of sales making it to the closing table for Los Angeles County and the South Bay Beach Cities.
The Weber Real Estate Team
mikeweberrealestate@gmail.com
424-237-8570
Broker Associate
BRE 01949818
