Bron Realty Group - Michel Bron
- Mar 31, 2022
Los Angeles Real Estate Market Update - MARCH / APRIL 2022
MARCH / APRIL 2022 Rate Hikes - As expected, the Federal Reserve raised its federal-funds rate in the second week of March for the first time in more than three year and signaled more rate hikes to follow for the rest of the year. The move, along with the narrative, prompted interest rates to climb, with the average 30-year fixed rate mortgage surging above 4% for the first time since May 2019 to 4.42% according to the latest weekly Freddie Mac’s survey. The jump was more tha
Bron Realty Group - Michel Bron
- Mar 1, 2022
LA Real Estate Market Update - March 2022
California just turned in its first 2022 housing market report card and it suggested that the momentum from the past two years was being carried forward into the new year. It is encouraging to see a buoyant market in January, with buyers returning from the holiday season to take advantage of the still favorable lending environment before rates climb further. However, despite the positive signs, the recent surge in interest rates and the lingering supply shortages in home buil
