Demand for rentals continues to outpace supply in the local market, resulting in higher rental prices. With only a limited number of affordable options available, the statistics highlight a growing need for additional Accessory Dwelling Units (ADUs) to accommodate the demand.

Stay updated with the latest trends in Conejo Valley’s real estate market, including inventory levels, pricing, and the impact of new regulations on sales commissions, showcasing the area’s consistent buyer demand and limited home supply.

Mortgage rates are currently stable at around 7%, with potential decreases expected in the fall due to economic conditions, although lower rates are achievable through special programs and buy-downs.

Mortgage rates are currently stable at around 7%, with potential decreases expected in the fall due to economic conditions, although lower rates are achievable through special programs and buy-downs.

The rental market is tight with high demand and low supply, pushing rents up, as evidenced by only a few affordable options in the MLS, indicating a potential opportunity for investors in local real estate.

In 1986, dropping mortgage rates below 10% was cause for celebration, but while 7.5% might seem high now, it's historically reasonable, and waiting for 3% rates to return is unrealistic; however, we might see rates around 5.5% by next summer due to potential policy changes.