Home Price Index Levels Seasonally Adjusted for

CA-Los Angeles

 

February 2008  217.73

February 2009  165.49

February 2010  174.37

February 2011  170.80

February 2012  161.98

February 2013  184.86

 

 

Message to Website Visitors

For a free consultation on market trends, investment opportunities and research, we encourage you to contact our office. We will provide objective and thematic industry insights.

 

 

 

 

 

 

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

BRE #01253842

INSIGHTFUL INFORMATION ABOUT THE MARKET TREND BASED ON THE LOS ANGELES HOME PRICE INDEX

 


According to S&P/Case-Shiller Home Price Index


February 2010.............171.81

February 2011.............168.23

February 2012.............159.53

February 2013.............182.04

February 2014.............215.25

February 2015.............227.59




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.

Analysis

prepared by Edgard Asensio, MBA

edgard@asensiorealestate.com

Price and Home Sales Report


2013

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

2014

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.

2015

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.

 

 

 

Logo.jpg

Contact

Edgard Asensio, MBA

  Address:  2071 Torrance Boulevard

                  Torrance, California 90501 USA

  Office:      1-310-618-0808

  Fax:          1-310-618-0505

  Email:       edgard@asensiorealestate.com

 

 

 

 

 

flowers_15.jpgbar_blue.jpgIntroduction.jpgAcerca.jpgMarket_Trend.jpgTendencias.jpgBienes_Raices.jpgReal_Estate.jpgServices.jpgServicios.jpgAcademicas.jpgResearch.jpgGraph.jpgyellow.jpg