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La Canada December 2015 Real Estate Sales

La Canada Flintridge December 2015 Real Estate Sales

Two of the twenty La Canada home sales were in the Sagebrush neighborhood  (Glendale school district), which likely attributes to the lower price per square foot, and 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: After the China market faltered, the US stock market got off to a poor start. The price of crude dropped as well as interest rates. As many speculate the last Federal Reserve rate increase was poorly planned, it’s doesn’t look like higher interest rates are something we are going to see – just yet. If you are a would be home buyer, click here to read our home buying advice 

It really 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—and 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 

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