Palos Verdes

Falling Mortgage Rates Offer Affordability Relief

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June 29, 2018 Mortgage rates declined this week, marking the fourth drop in the past five weeks, Freddie Mac reports. “The decrease in borrowing costs is a nice slice of relief for prospective buyers looking to get into the market this summer,” says Sam Khater, Freddie Mac’s chief economist. “Some are undoubtedly feeling the affordability […]

Palos Verdes

Metro Home-Price Growth Quickens to 5.7 Percent in the First Quarter

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West Region Inventory Remains Low

WASHINGTON (May 14, 2018) – Inventory levels hovering at all-time lows weighed down home sales and fueled faster price appreciation during the first three months of the year, according to the latest quarterly report by the National Association of Realtors®. The national median existing single-family home price in the first quarter was $245,500, which is up 5.7 […]