Multi Real Estate Services

View 3D Tour Single story West Hills 4 Bedroom 2 bath entertainers home located only minutes to the Valley’s economic hub Warner Center. The open floorplan sports stunning design and craftsmanship throughout. The large corner lot accommodates great curb appeal and a backyard where beautiful stonework and landscape flow from the covered patio bar, to dining patios, to the gazebo. The enclosed patio and large walk-in closet with built-in drawers and organizers supply a more s...pacious living area than what’s conveyed in the assessor square footage. Beautiful bathrooms, and kitchen with lots of granite. The large custom hutch in the primary bathroom is included. Don’t miss the storage room built over the attached 2 car garage. Neighborhood (Chase) Park is only two walking blocks away. Treat yourself to the home’s many impressive features, and be prepared for the post COVID parties. $875,000 Ron Henderson GRI, SRES, SFR, RECS, CIAS President/Broker Multi Real Estate Services, Inc. BRE #00905793 NMLS #310358 https://mres.com/new-listing-west-hills-entertainers-home-/ See more

Broken record The Los Angeles property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of housing construction to keep up with the number of new housing formations, and the future growth of property values using a moderate rate of appreciation. The recent interest rate increase has appeared to stabilize, but ...as the economy opens from the COVID era forced recession, we’ll see how the Federal Reserve and the financial markets react to the inflationary effect of the economy opening up and the huge amount of stimulus thrown into the economy by the government. Ron Henderson GRI, SRES, SFR, RECS, CIAS President/Broker Multi Real Estate Services, Inc. BRE #00905793 NMLS #310358 https://mres.com/los-angeles-real-estate-report-card-march/ See more

Ron's Real Estate Update March 27 2021

Ron's Real Estate Update December 17, 2020

The San Fernando Valley hot housing market continues through the end of 2020 on a high note. Sales are still driven by historically low interest rates, and prices pushed higher from low inventory. Basic supply and demand out of balance. More... https://mres.com/san-fernando-valley-housing-statistics-de/

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My latest Los Angeles Real Estate Market Report Card

Ron's Real Estate Update October 21,2020

Today’s Federal Reserve FOMC meeting statement basically indicated that they expect to leave the overnight Fed Fund’s Rate at 0 -.25% till 2023, and will continue their asset purchases of $80B in US Bonds and $40B a month in mortgage backed securities till they see employment stability and inflation at least hits their 2%+ target. The Fed’s purchase of mortgage backed securities artificially lowers the mortgage rates below where they would be in a normal financial market. That helps buyers purchase property and existing owners refinance at lower rates and lower debt service. more... https://mres.com/fed-keeps-rate-at-0-till-2023-continues-b/

The Consumer Financial Protection Bureau (CFPB) just issued final rules related to the Ability to Repay portion of Qualified Mortgage (QM). This will allow for some compensating factors for qualifying for a Freddie or Fannie loan, instead of the 43% Debt to Income (DTI) ratio. This change from the current QM requirement won’t be for a few months, and we’ll have to see how the various lenders approach the new guidelines, but in a nutshell here are the modifications: 1) A new c...ategory called Seasoned QMs. I get a lot of borrowers that have been paying a mortgage on time for years, at a higher payment than a potential refinanced loan, but have a hard time qualifying with the present DTI criteria. This will help those borrowers 2) Requires lenders to consider a consumer’s DTI ratio or residual income, income or assets other than the value of the dwelling, and debts. Provides more flexible options for creditors to verify the consumer’s income or assets other than the value of the dwelling and the consumer’s debts for QM loans... (more) https://mres.com/big-changes-and-flexibility-on-mortgage-q/ See more

As you can see in this chart of long term interest rates going back to 1971, interest rates pertaining to the 10 year note and the 30 year fixed rate mortgage have never been lower...

The substantial appreciation of residential real estate values in 2020 has helped the Federal Housing Finance Agency (FHFA) push the maximum loan amounts allowed for conforming loans to new highs. On a national level, the base loan amount increased from $510,400 (2020) to $548,250 (2021). The limits in High Cost areas were $765,600 (2020) now $822,375. The higher conforming loan amounts will allow for property purchase and refinance loans to be originated at lower interest ...rates for the higher amounts, without being pushed to the higher Jumbo rates. Not all counties are created equal The new High Balance Loan Limited for the local counties: Los Angeles maximum 1 unit $822,375 2 unit $1,053,000 3 unit $1,272,750 4 unit $1,581,750 Ventura County maximum 1 unit $739,450 2 unit $946,650 3 unit $1,144,250 4 unit $1,422,050 https://mres.com/new-fannie-mae-and-freddie-mac-loan-limit/

In case you missed it! Ron's Real Estate Update November 11, 2020

California Housing... Historically low interest rates continue to drive sales. Low inventory pushing up pricing.

This is a ballpark guide on what it would take financially to purchase a median-priced home in the San Fernando Valley. Interest rates are still at historic lows, pricing has been appreciating at a substantial pace over the past 5 months. The 80% Loan to Value (LTV) is only a guide. There are numerous loan programs that allow a much lower down payment.

California’s housing is seeing extreme price appreciation due to historically low-interest rates driving sales, and low inventory. A basic supply and demand equation. The active listing inventory is half of what it was last year. Well priced properties receive multiple offers within days...(more)

Ron's Real Estate Update November 11, 2020

The San Fernando Valley housing market is still hot, but there will be changes coming. The number of new sales are still high, dealing with a slight seasonal easing, but also limited by low inventory. The available inventory is edging up but still substantially lower than historical averages. Even though the Federal Reserve conveyed they’re going to keep their Fed Funds Rate basically at 0% for at least the next couple of years while we pull out of the economic weakness creat...ed by the Pandemic, the secondary money market has more of an effect on the long side of the rate curve, including mortgage rates... (more) https://mres.com/san-fernando-valley-housing-statistics-oc/

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Have you seen our latest news? Ron's Real Estate Update October 6,2020

Have you seen our latest news? Ron's Real Estate Update October 21,2020

Ron's Real Estate Update October 6,2020

The California State Housing Element Law was established in 1969. It requires jurisdictions to do their fair share around planning for adequate affordable housing (RHNA). It requires a review of the General Plan and must be updated every 8 years. It recognizes that housing is a critical need and the government and private sector must work together to address it. Very smart, in theory.

Pressure from the secondary money market and the new "Adverse Market Fee" are going to have an effect on mortgage rates... https://mres.com/mortgage-rates-still-great-but-two-elemen/

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Ron's Real Estate Update September 10,2020

The heated San Fernando Valley housing market continues on with multiple offers for most well-priced listings. The historically low-interest rates are pushing buyers into the market. The low inventory is acting as a limit to the number of sales and propping up values. https://mres.com/san-fernando-valley-housing-statistics-au/

The unemployment rate is high due to COVID shutdowns. The affordability index is still supplying motivation to buyers that still have a solid vocation, business, and income. Observe the historical appreciation. A minimum of 4% to 5% appreciation should be expected going forward. The higher forecasted appreciation levels are due to the existing supply & demand mismatch. When annual compounding is calculated, future values will continue to generate strong equity. https://mres.com/ventura-county-real-estate-report-card-au/