Bron Realty Group - Michel Bron
- Oct 31, 2022
Los Angeles Real Estate Market Update Oct/Nov '22
The 30-year fixed-rate-mortgage has been increasing at the fastest rate in four decades causing acute affordability challenges and forestalling many consumers’ decision to buy a house. As a result, mortgage applications fell to the lowest level in 25 years and homebuilders’ confidence dropped to half of what it was six months ago. The market has become less competitive and more sellers are willing to negotiate or offer buyer incentives, and despite a modest recession forecast
Bron Realty Group - Michel Bron
- Oct 17, 2022
Who decides how much a house is worth??
A viewer recently posted a comment on one of my "Real Estate Market Update" videos and this is what I replied: Viewer's Comment: Hey, here’s an idea… why don’t real estate agents tell investors and sellers to wake up and smell the news brewing in the Los Angeles housing market, rather than allow these incredibly greed-focused people to stop over pricing their properties in an over inflated, high interest (and only going higher) rate market? Michel' Reply:
Thanks for your comm
Bron Realty Group - Michel Bron
- Oct 3, 2022
Los Angeles Market Update - Sept/Oct 2022
*The sales data is out for August. Home sales are a lagging indicator and most analysis about the previous month (August) is out by the last week or two of the following month. Home sales perked back up in August as home sales rose 8% in SoCal, despite summer a slowdown. The median price of a Southern California home – or the price at the midpoint of all sales – was $740,000, unchanged from July. That’s a turnaround from previous month-to-month declines after 30-year mortgage
