Many longtime homeowners created their Living Trust years ago when their children were younger, their financial situation looked different, or before retirement became a reality.But here’s
What’s Up with Real Estate in SUNLAND?
Dated: June 28 2023
Views: 31
National Real Estate News
Selling fast
Existing home sales were flat in May at an annualized pace of 4.3 million units. This is NOT the spring selling season we were hoping for. But look a bit deeper, and it's clear that demand is high: the average home spent just 18 days on the market before it was sold, and there were an average of 3.3 offers for every house sold in May. And that's overall...many individual cities are much, much hotter.
Rates stay near 7%
The Fed's 'skip' (not hiking rates in June) should have been good news for the bond market and mortgage rates. The big drop in headline CPI (consumer prices) and PPI (producer prices) in May should have been good news too. But commentary from some Fed members (more rate hikes to come OR no rate cuts to come anytime soon) plus big inflation numbers in Europe have helped keep mortgage rates high.
Busy and bullish
Builders are officially bullish. The National Association of Homebuilders' sentiment index just jumped above 50 for the first time since July 2022 (which was when home prices peaked nationwide). Why so excited? Because the low inventory of existing homes for sale is pushing buyers to newly constructed homes. Housing starts jumped 22% MoM to 1.63 million (annualized), the highest figure since April 2022.
Local Market Trends
As of Friday, June 23, 2023
| Area | Median Price | Active Listings | New Listings - 5 days | Median Days on Market |
|---|---|---|---|---|
| 91040 | $1,117,500  0.2% | 22  0% | 3 | 28  -0.4% |
Local Market Trends (/) from May. to Jun. 2023.
/) from May. to Jun. 2023.
Arminé Ghevian
My goal is simple: a commitment to finding the dream home, purchase, or sale for my clients. With more than 25 years of experience in the real estate industry & the Los Angeles County market, my t....
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Based on information from California Regional Multiple Listing Service, Inc. as of September 23, 2026 6:51 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Based on information from CRISNet MLS as of September 23, 2026 6:40 PM UTC All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
