This should not be surprising news to anyone, since prices of even starter homes have risen to the point where even higher-income buyers need an enormous down payment to afford a mortgage. Older buyers with equity in an existing home are the ones who can mange it.
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update.
I know the headlines are all gloom and doom, but the local stats show a healthy market, if anything trending back toward a seller's market.
All markets are local.
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update:
Wow. I just got a phone call from a really laggy chatbot trying to sell me a listing lead. The scammers can't even be bothered to try to scam me themselves any more.
Today from Hell Itself: What happens when the wrong people travel and the right people stay at home. "Pearl Anniversary" by Deneffew Gordon
Interest rates are starting to trend up, which should keep prices from heating up too badly. Still, locking in now is probably going to be good for buyers. If interest rates come back down, you can refinance, and at that point prices will likely move up again.
Greater L.A. is another story…
The AV market usually heats up this time of the year (orders at Edwards come out about now, so people learn they're moving in or out) and stays heated into the summer (people trying to change schools between school years), so assuming we don't nuke Iran tonight, I expect the market isn't cooling.
We've still got a healthy balance of buyers and sellers here. If there's a trend emerging, it's pointing in the direction of it becoming a seller's market again.
I'm also seeing a lot of flippers really scraping the barrel looking for opportunities, which means owner occupants are back.
A lot of what makes a good agent good is knowing their local market, and knowing when it's not in sync with the headlines.
Here in the AV, we're in one of those cycles again.
The headlines are screaming that there's all this excess inventory and prices are about to collapse.
Nope, not here.
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update:
Happy Easter, all who celebrate!
Let me start by saying that all markets are local markets, including the mortgage market, so national numbers may not reflect what's happening in your part of the country.
But, yes, homes are getting less affordable, not more.
Have a joyous Passover, all who celebrate!
Wrote lyke two thousande polished wordes about the Julian calendar onlye to be tolde it was not "that kynde of datinge profile."
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update:
New from Hell Itself, J.R. Blanes put a new spin on classic adventure horror in "Mouth of the Cave"
Hell itself is moving to an every-other-week format, so you can enjoy this as our lead story for two weeks!
hellitself.com/mouth-of-the...
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update:
This week from Hell Itself, @badwriter.bsky.social brings us a tale of the pure of heart. (Sort of.)
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update:
Well, that's a new one. I just got a spam email offering to buy my brokerage.
Not only do I not own my brokerage, it's one of the easiest public records searches in the world to find out who does.
This is what comes from letting AI run your scams for you.
If you're on @gavagai.com, my story "The Song of a Flute with No Player" is today's Editor's Pick.
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update:
Today from Hell Itself, a dark Western fantasy from D. Thomas Minton, "Shadows of Bitterwood"
hellitself.com/shadows-of-b...
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update:
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update:
My broker, Mark Troth, with this week's Antelope Valley Real Estate Market Update: