Newsletter: How low can rates go and how do housing numbers look?
Is 1.99% the lowest and best mortgage rate?
Exclusively for newsletter subscribers, this week we have the latest stats on mid-September housing numbers. In both LA and OC, the single-family sales aren’t slowing and inventory remains tight. Traditionally, this time of year sales will start to slow through the holidays, but we’re still seeing year over year pending sales 30%+ higher. OC and LA multifamily tells a different tale, pending sales and inventory numbers are stable, but not seeing the same record setting sales pace that single family markets are.
We’ve also included the latest foreclosure numbers for August and Notices of Default (NOD) are way up. The earliest that a Notice of Default is filed when a payment is missed is 120 days after. Subtracting 120 days from August means that the payment was missed in April. Due to the foreclosure moratorium that many lenders put in place, we don’t expect to see a big surge in these numbers…yet.
Los Angeles & Orange County Housing Market Update - mid-September 2020
More links for you:
- WIRE Associates Giphy stickers...yes, you can search and add to your stories
- Foreclosures in OC and LA - single family and multifamily
- Search multifamily real estate for sale in Southern California - register for updates, let us know if you want the criteria changed or you can modify
- Most Expensive homes in LA and Most Expensive homes in OC
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