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The Plaice Report
Real estate & neighborhood news · SFV & SCV · Issue #2 · Thursday, November 12, 2026
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Hi there, Happy Thursday. Mortgage rates eased for the third week in a row, and the City of LA's next round of first-time buyer help opens Wednesday, Nov 18. Both are below, along with a few things to do this weekend. If you or someone you know is thinking about a move, I'm always glad to talk it through. Just hit reply. I read every one. — Randy |
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Mortgage rates Latest Rates (week of Nov 5)
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30-yr fixed
7.18%
Week ago 7.24% · Year ago 6.22%
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15-yr fixed
6.57%
Week ago 6.60% · Year ago 5.50%
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Freddie Mac PMMS national averages, week of Nov 5, 2026. Source: Freddie Mac
30-yr FHA 6.89% · 30-yr VA 6.90% · 30-yr Jumbo 7.40%
Mortgage News Daily index, Nov 10, 2026
My take: The 30-year average slipped to 7.18%, its third straight weekly drop, but it's still about a point higher than a year ago. Daily rate indexes ticked up early this week, so if you're shopping, compare at least two or three lenders.
Freddie Mac's next survey comes out today, Thursday Nov 12, at 9 AM PT, after this issue goes out. Next week's issue will have it.
Rates shown are national averages for information only, not an offer or commitment to lend. Your rate depends on credit, down payment, points and lender. Randy Plaice is a real estate broker, not a mortgage lender or loan originator, and holds no NMLS license. Talk with an NMLS-licensed loan officer for a quote. | |
Down-payment help Buyer Programs: What's Open
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Deferred down-payment loan up to 3.5% of price (FHA) or 3% (conventional), paired with a CalHFA first mortgage. | |
Zero-interest closing-cost help built into CalPLUS FHA and conventional loans. | |
Up to $161,000 for low-income first-time buyers in the City of LA (80% AMI, $133,250 for a family of 4; price cap $956,465). Lenders submit reservations in the Nov 18 round; reservations are limited. | |
Up to $115,000 for moderate-income first-time buyers in the City of LA. Next reservation round Dec 16. | |
Up to $100,000 or 20% of price, 0% interest, shared equity; price caps $700K / $850K. First-come, first-served through participating lenders. Not available in the City of LA or Santa Clarita. Nearby eligible areas include Calabasas, Agoura Hills, Westlake Village, Hidden Hills, San Fernando and unincorporated county. | |
The 2026 application window closed Mar 16, and no new round has been announced. We'll tell you here when one opens. | |
LA County 1-unit limit: $1,249,125 for both FHA (HUD's 2026 high-cost ceiling) and conforming loans (FHFA). | |
No loan limit for veterans with full entitlement, and no down payment required by VA. |
CalHFA, City of LA and LA County program pages checked Nov 11, 2026. Loan limits are the 2026 figures (2027 limits are usually announced in late November). Program rules and funding change often; confirm eligibility with the program or a participating lender. | |
September 2026 data SFV & SCV Market Snapshot
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San Fernando Valley
| Median home price | $1,101,000 (−4.3% YoY) | | Median condo price | $638,000 (+7.4%) | | Days on market | 40 days | | Inventory | 2,621 homes + condos active (−18% YoY) | | Months of supply | 4.8 months | | Sales | 402 home sales (−23.1%) |
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Santa Clarita Valley
| Median home price | $848,000 (−0.2% YoY) | | Median condo price | $540,000 (−1.2%) | | Days on market | 43 days | | Inventory | 537 homes + 332 condos (homes −19.4%, condos +7.4%) | | Months of supply | 3.2 months | | Sales | 168 home sales (flat) |
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LA County median $994,670 (+1.2% YoY), sales −10.9%. C.A.R., Sept 2026
What it means: SRAR hasn't released October numbers yet, so these are still September's. Fewer homes are selling, but prices are holding close to last year, and Santa Clarita condo buyers have more choices than they've had in years. | |
From our team Featured Homes
None of our team's listings are on the market this week, and we don't borrow other brokers' photos. So here's where our clients have been buying and selling instead.
Each dot is a home sale credited to Randy on Zillow, 2010–2026; some locations are approximate. Map data © OpenStreetMap contributors.
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Thinking about selling?
Your home could be the one featured here. Text (818) 278-2175 for a free, no-pressure value range. |
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Sold by our team Recently Sold by Our Team
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27580 Prairie Way · Valencia
Sold $634,397 · Nov 2026 · Our team represented the buyer · New construction |
SOLD | |
19025 Drycliff St · Canyon Country
Sold $730,000 · Sep 2026 · Our team represented the seller |
SOLD | |
11875 Nebraska Ave · West Los Angeles
Sold $975,000 · Oct 2025 · Our team represented the buyer & seller |
SOLD | |
10214 Larwin Ave #3 · Chatsworth
Sold $750,000 · Sep 2025 · Our team represented the seller |
SOLD |
Closings our team handled, from CRMLS and public records. Sales before Randy joined Real Broker closed under his prior brokerage. | |
Reviews What Clients Are Saying
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“Randy prioritizes his clients’ needs above all else. He goes above and beyond to ensure a smooth transaction.”
★★★★★ Courtney F., Google review | | |
5.0★ on Google (40 reviews), as of Nov 11, 2026 · Read all reviews | |
Tarzana · Encino · Woodland Hills · Valley · SCV Neighborhood News & Events
Santa Clarita's Light Up Main Street is Saturday, Nov 21, 4–8 PM, in Old Town Newhall. Source |
Fri Nov 13 · 5–10 PM
XOTX, Chatsworth. Free evening market. | |
Fri–Sun, Nov 13–15
Woodland Hills. Several shows daily; tickets from $25. | |
Sat–Sun, Nov 14–15 · from 11 AM
Berman Ceramic Arts, North Hollywood. Free to browse; Sat 11–5, Sun 11–3. | |
Sat Nov 14 · 8 PM
The Soraya, Northridge. Tickets $56–$119. | |
Sun Nov 15 · 10 AM–4 PM
Valley Village. Free entry. | |
Sun Nov 15 · 12–8:30 PM
Reseda. $22–$30. |
Event details from organizers; confirm times before you go. | |
Before you go Fun Fact & Home Tip
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FUN FACT
“Encino” is Spanish for oak. The 1769 Portolá expedition named the valley here for its oaks, and you can still visit the 1849 de la Ossa Adobe and the old spring-fed reservoirs at Los Encinos State Historic Park on Ventura Blvd.
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HOME TIP OF THE WEEK
With heaters and holiday cooking starting up, test your smoke alarms. The U.S. Fire Administration says test them monthly, change 9-volt or backup batteries at least once a year, and replace the whole alarm 10 years after the manufacture date printed on the back.
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What's your home worth today?
Real comps from your street, not an online guess. Free, and no pressure.
Know someone buying or selling, anywhere in the country? We'll connect them with a great agent there.
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Randy Plaice & Associates | Real Broker
Randy Plaice, Broker Associate, CA DRE #01863252 · Real Broker, LLC, CA DRE #02022092
Real Broker office: 39899 Balentine Dr, Suite 200, Newark, CA 94560 · Team based in Tarzana, CA 91356
(818) 278-2175 · randy@randyplaice.com
⌂ EQUAL HOUSING OPPORTUNITY
Information deemed reliable but not guaranteed; sources linked above. Market stats are area-wide, not a valuation of your home. If your home is currently listed with another broker, this is not a solicitation of that listing.
You're getting The Plaice Report because you've worked with Randy or are part of his circle. Unsubscribe · or reply “unsubscribe”. Past issues
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