I predict the short-term future of the local real estate market

Although I don't have a crystal ball, I think we're in for a strong first and second yearly quarters, as far as San Fernando Valley and Los Angeles real estate goes. Why do I say that? It appears that buyers are coming out of the woodwork.  There's a nexus right now between low interest rates and lower-than-in-recent-memory home prices and short inventory.  Everything is going into multiple offers.  There are lots of cash buyers out there.  Plus, I think that potential buyers may just be tired of sitting on their hands and may be feeling a little more confident than they have in the recent past.  I wouldn't be surprised to see prices go up before the summer. We'll see...

San Fernando Valley real estate is heating up

I'm noticing more buyer activity for homes for sale in Burbank, Glendale, North Hollywood, etc. More showings, more offers. This is consistent with what I've seen in the past in January. I'm not seeing prices rise -- yet. Now, we just need more inventory.