Southland Regional Association of REALTORS

The average mortgage rate for a 30-year fixed loan fell four basis points last week to 2.73%

Legislature introduces rent relief bill : the bill that provides financial assistance to qualifying housing providers and tenants of up to 80 percent of the unpaid rent accrued since the start of the COVID-19 pandemic. It is anticipated that this bill, part of a larger budget package, will be quickly passed and signed into law. Read more about it here: https://www.car.org/aboutus/mediacenter/news/sb91

One Cool Thing From CALIFORNIA ASSOCIATION OF REALTORS ! Check out the January 2021 California Housing Sentiment Index

Minorities to Fuel Household Growth: Between 2020 and 2040, researchers project about 16.1 million net new households will be created. In that time period, Hispanic households are expected to increase by 8.6 million, Black households will grow by 3.3 million, and households of other racesmostly Asian householdswill increase by 4.8 million

Fewer buyers from outside the U.S. purchased a property in California as the COVID-19 continues to spread