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La Canada December 2015 Real Estate Sales: Two of the twenty La Canada home sales were in the Sagebrush neighborhood (Glendale school district). This likely attributed to the lower price per square foot, as well as the median and average selling price. The absorption rate of 1.6 months of inventory indicates that it continues to be a strong real estate market for La Canada home sellers. The signs are here for another banner housing year. The US stock market started poorly after the Chinese market faltered. The price of crude oil dropped, as did interest rates. As many speculate, the last Federal Reserve rate increase was poorly planned. It doesn’t look like higher interest rates are something we will see, just yet. If you are a would-be home buyer, click here to read our home buying advice
La Canada December 2015 Real Estate Sales Recap:
It does take forever to buy a home. According to a new survey by the National Association of Realtors®, one in three real estate transactions encounters delays. One in 16 falls through completely. The main reasons: 46% are triggered by “financing issues,” 21% by appraisal-related problems, and 14% by hitches with the home inspection. Read more here
