Los Angeles Real Estate Blog & Market Updates

Mortgage rates fell last week to 6.37 percent, the first meaningful drop in weeks. Buyer activity across the Westside of Los Angeles and the San Fernando Valley has picked up noticeably. Rates update again Thursday, April 16, and I will be watching closely.

Yes, open houses still help sell homes when they are run thoughtfully, and with the new buyer representation rules, they matter more now than they have in years. They are not right for every seller or every home, and safety and preparation always have to come first.

Most buyers in Los Angeles can go from starting the process to keys in hand in about 60 to 100 days, depending on preparation and how specific their search criteria are. The biggest factors that slow things down are skipping pre-approval upfront and making large purchases during escrow.

Real estate transactions are complex. There are title issues, inspection surprises, contractor questions, neighbor disputes, permit problems, HOA complications, appraisal gaps, and a hundred other things that can come up between the moment you decide to buy or sell and the moment you get your keys or your check. The question is not whether problems will come up. They always do. The question is whether your agent is going to solve them or hand them back to you. I am Leegie Par