Housing inventory has gone down 21.8% in LA

Over the last 12 months, housing inventory has gone down 21.8% in the Los Angeles area.

That means there are a lot fewer homes for sale now then there was a year ago.

I expect this trend to continue because low-interest rates will cause there to be an even stronger than usual buyer demand this #Spring.

P.M.I.

It's not the end of the world if you have to get P.M.I., but it should be avoided if possible.

If you can put at least 20% down when buying a home.

By doing so the lender won't require you to get P.M.I.