The National Association of Realtors reported that U.S. existing-home sales hit 6 million in August on a seasonally adjusted yearly basis. The number of homes sold in August was 10.5% higher than August 2019. That marked the highest number of homes sold in a month since December 2006. Prices also surged. Nationally the median price
The September 24, 2020, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.90%, unchanged from 2.87% last week. The 15-year fixed was 2.40%, unchanged from 2.37% last week. The 5-year ARM was 2.90%, down from 2.96% last week.
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Multifamily developer Kaplan Management Co. has shed more light on its intentions to build a mixed-use project at the site of the Warner Center Fry’s Electronics at 6100 N. Canoga Ave. in Woodland Hills. According to a Sept. 15 filing with the city of Los Angeles, the proposed project will include two buildings — one
The hospital’s Neonatal Intensive Care Unit; Mother/Baby; Labor and Delivery; and Nursery sections will be removed, with 35 beds and 55 staff members impacted. Management will work with program staff to offer career development training options within the hospital system. Leadership reached the decision to close the facilities after observing a “significant decline” in the
The September 10, 2020, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.86%, down from 2.93% last week. The 15-year fixed was 2.37%, down from 2.42% last week. The 5-year ARM was 3.11%, up from 2.93% last week.
More than five months after Gov. Gavin Newsom issued an eviction moratorium, the state has issued modified regulations for California tenants and landlords. Newsom signed legislation Monday that extended the eviction moratorium for those who can prove COVID-19 hardship through February, but tenants will need to pay at least 25 percent of their rent starting
Mortgage rates – The August 20, 2020 Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate average was 2.99%, almost unchanged from 2.96% last week. The 15-year fixed was 2.54%, up from 2.48% last week. The 5-year ARM was 2.91%, unchanged from 2.90%
After several years at the Westfield Promenade shopping center, the Woodland Hills Post Office will be moving to 21200 Oxnard Street. The new location will open Aug. 24, near Oxnard Street and Variel Avenue. Medical device company Thermo Fisher Scientific was the previous tenant of the 52,581-square-foot, single-story commercial building. The Promenade site, one of
Existing home sales rebound in June – The California Association of Realtors announced that existing home sales surged 42.4% in June from May‘s sales totals. Existing home sales totaled 339,910 on a seasonally adjusted annualized rate in June. That was down 12.8% from June 2019. Fortunately, pending sales have also increased dramatically. The California Association