Pappas Realty

Properties are still moving…

In the past four weeks, 51% of pending contracts sold within seven days, although properties are likely to stay on the market longer in the coming months. http://ow.ly/SWI850Jet36

http://www.dailynews.com/business/20150820/san-fernando-valley-median-home-price-hits-600k

San Fernando Valley median home price hits $600K The median price of a previously owned home in the San Fernando Valley hit $600,000 in July, its highest level in eight years, and sales r

Here's How Today's Higher Home Prices Differ From Bubble Era
By Jeanna Smialek

Here's How Today's Higher Home Prices Differ From Bubble Era An ongoing rebound in U.S. home prices is different from the credit-fueled run up that fanned the financial crisis and tipped the nation into recession when the real estate bubble burst, economists at the Federal Reserve Bank of San Francisco find in new research.

It's time to buy! Call us, we can help with all your Real Estate needs, both residential and commercial.

Rate on 30-year mortgage below 4 pct. for 2nd time (11-10) 07:01 PST WASHINGTON, (AP) -- The average rate on the 30-year fixed mortgage fell below 4 percent for just the second time in history. Freddie Mac says the rate on the 30-year fixed loan fell to 3.99 percent,...

This is a very important piece of legislation for all homeowners. It will help increase the value of our homes. Please pressure your legislators to pass it. Short sales reduce the value of appraisals and slow down the growth of our market. Please do not hesitate to call me with any questions. I am here to help.

Getting a fair appraisal in a tough market Since the real estate bust, many people have complained that they couldn't buy, sell or refinance a home because an appraiser used bank-owned or short-sold homes as comparables in the valuation process, which dragged...