by Editorial Team | May 26, 2020 | Jeff Yarbrough Group
Fewer homes sold last month across The Southland, but the Coronavirus pandemic didn’t bring Southern California’s prices down. According to an article just out in the L.A. Times, sales dropped 35% month-over-month in L.A. County—more than any other SoCal county—but...
by Editorial Team | May 8, 2020 | Jeff Yarbrough Group
In case you were worried about them, the ultra-rich are still buying homes. In March and April combined, L.A. County recorded 82 home sales of $5,000,000 or more, including 14 transactions north of $10M. In the same period of 2019, 85 residential sales of $5M or...
by Editorial Team | Apr 25, 2020 | Jeff Yarbrough Group
I took time over the last couple of weeks to shoot and add virtual tours to my property listings that were without them; apparently, an effort not in vain. According to the National Association of Realtors, 25% of Realtors with buyers who wrote contracts on homes this...
by Editorial Team | Apr 11, 2020 | Jeff Yarbrough Group
Earlier this week, homebuyers found rates on 30-year fixed-rate mortgages more than an entire percentage point below where they saw them last year at this time. The difference between 2019′s 4.5% and today’s 3.25% can greatly reduce the monthly payment and total...
by Editorial Team | Mar 15, 2020 | Jeff Yarbrough Group
Lawrence Yun, the National Association of Realtors Chief Economist released the following statement today: “The Federal Reserve slashed interest rates to near zero, which should have a positive impact on the housing market. The monetary policy change is the same one...
by Editorial Team | Mar 13, 2020 | Jeff Yarbrough Group
Earlier this week, mortgage rates moved to historic lows: 3.375% is being offered on a 30-year fixed Jumbo (up to $3,000,000) and 2.750% on a 15-year fixed conforming loan up to $510,400 (3.125% is offered on a 30-year fixed conforming loan). The welcome rate...
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