Real Estate Market Update-Oct 2024: Los Angeles CA: San Fernando/Santa Clarita & Surrounding Valleys

🎥 Los Angeles & Valley Real Estate Market Update – October 2024 🏡

In this video, I dive into the latest changes and trends shaking up the real estate market in Los Angeles and the surrounding valleys. Interest rates may have dipped in mid-September, but with the Feds’ ongoing inflation battle, the future of rates remains uncertain. The big news? Buyer’s agents now require a broker-buyer agreement following the commission lawsuit settlement, and Governor Gavin Newsom just signed a bill limiting these agreements to 3 months. Plus, new home builds are on the rise, and the recent insurance crisis is impacting California real estate deals.

📊 Key topics covered:
Mid-September interest rate drops and future outlook 📉
Broker-buyer agreements and the new 3-month limit 📝
Homeowners insurance crisis in California 🏠
New home construction is booming 🔨
Refinances slowing down after a brief surge 📈
Mortgage rates back above 6.5% and what’s next for buyers and sellers 💸

Looking to buy or sell? I’m here to help you navigate this ever-changing market with confidence! Visit my websites for more info:
👉 FindMyValleyHome.com
👉 FindLALuxuryHomes.com

Follow me on social media for the latest updates and tips:
📱 @RealtorRobO

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