Judy Graff's sublime-to-the-ridiculous (well, mostly ridiculous) take on real estate for east San Fernando Valley and North Los Angeles communities. This includes Hollywood Hills, Burbank, Studio City and Toluca Lake real estate and homes for sale, and also covers Valley Village, North Hollywood, Glendale, Atwater, Highland Park, Silverlake, Sherman Oaks and other L.A. areas too. General news and musings as well.
Thursday, June 14, 2007
Listings are slow; interest rates are up
It's now mid-June. Inventory of resale homes in the areas I serve seems to be shortening. This is good news for sellers, although that doesn't mean sellers don't have competition. The bad news for everybody is that interest rates are up. "Jumbo" rates (for loan amounts over $400k) are almost at 7% -- gulp. All in all, tho, the market seems to have much more buoyancy than I thought it would at this point.
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