June 2020 - Housing Market Overview | Burbank & Los Angeles, CA

Far too often I am hearing whispers of those not taking action in the housing market about if they should or shouldn't be seeking to buy or list their home amidst COVID-19. From my experience this year and the experience of those in my office at First Class Real Estate, sellers are listing their homes and buyers are looking! If you're looking to purchase a home in Southern California I want to encourage you to contact me today as the market is still in motion!

Housing Marker Overview | Burbank & Los Angeles CA provide to me by The California Association of Realtors (C.A.R.).

Buyer's Guide to Burbank, CA June 2020

Interest rates are down to 3.16% in Burbank, CA alone. If you're looking to purchase a home do not sleep on this, not is the time!

Monthly Market Report | Los Angeles, CA June 2020

Question? Contact Me.

Glossary of terms

# Homes for Sale: Number of active listings or homes available for sale during the month.

Median Price: The median price of Single-Family Residence (SFR) homes and Condos with a status of "Active" during the month by product type (1br, 2br, 3br, 4+br).

Median Days on Market: The median of the number of days properties were on the market before going pending.

Monthly Payment: The estimated monthly mortgage payment assuming a 30-year fixed-rate mortgage (FRM) at the current interest rate. Payment also includes an assumption of 1.38% for property taxes and insurance.

Down Payment: The amount in USD $ necessary to cover the required 3% or 20% down payment in order to purchase the median-priced home by product type (1br, 2br, 3br, 4+br).

Interest Rates: The Annual Percentage Rate (APR) charged for borrowing a 30-year fixed-rate mortgage according to Freddie Mac.