Home Price Index Levels Seasonally Adjusted for
February 2008 217.73
February 2009 165.49
February 2010 174.37
February 2011 170.80
February 2012 161.98
February 2013 184.86
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Highest Index Level
From January 2000 to February 2013
Los Angeles April 2006 273.10
San Diego March 2006 251.71
San Francisco March 2006 219.28
Real Estate Brokerage Industry
INSIGHTFUL INFORMATION ABOUT THE MARKET TREND BASED ON THE LOS ANGELES HOME PRICE INDEX
According to S&P/Case-Shiller Home Price Index
There are variables that influence sales revenue of brokerage firms. We invite investors and colleagues to inquire about our real estate research, which is designed to take an exploratory look, using data, at franchising as it affects the real estate industry.
Evolution of Business Format Franchising
Franchises are forming partnerships and developing new business models, i.e. real estate franchises offer resources and national network to a strong local brand. Franchisers provide profit-sharing program. Small franchise companies provide incentives such as buyer's rebates. Large franchisers allows agents to pay fees until sales transaction is executed.
prepared by Edgard Asensio, MBA
Price and Home Sales Report
According to Freddie Mac, mortgage rates edged up in March 2013, with the 30 year fixed mortgage interest rate averaging 3.57% and in April 2013, mortgage rates decreased
The statewide median price of a single-family detached home decreased 6.2% from December 2013's revised median price of $438,090 to $410,990 in January 2014. Nevertheless, the January 2014's price was 22.1% higher than the revised $336,650 recorded in January 2013.
According to Freddie Mac, mortgage rates decreased in January 2014, with the 30-year, fixed-mortgage interest rate averaging 4.43%, decreased from 4.46% in December 2013 but up from 3.41% in January 2013.
(averaging 3.45%, down from 3.57% in March 2013). For the second quarter of 2013, rates may increase to 3.6%. Forecasters such as Freddie Mac and Moody's project rates at 3.8% and 4.4% respectively.
The statewide median price of an existing, single-family detached home increased 13.7% from February 2013 to March 2013 and 6.3% from March 2013 to April 2013.
According to the California Association of Realtors, California pending home sales register first annual increase in since January 2013. Due to a greater job growth, increasing household formation and a better economy, we expect market conditions to improve.
The median price of a single-family detached home increased 1.7% from November 2014 median price of $444,830 to $452,570 in December 2014.
In December 2014, mortgage rates decreased, with the 30 year fixed mortgage interest rate averaging 3.86%, according to Freddie Mac.
NEWS: The boom that we have seen in the housing since 2012 has been driven by interest rates.
Edgard Asensio, MBA
Address: 2071 Torrance Boulevard
Torrance, California 90501 USA