Generally a recession or depression (depending on whom you ask), is a negative aspect of the economic cycle. With the series of events that have accumulated over time, the general consensus is that the current economic climate is in recovery mode, with no end in sight for the near future. Jobs must be created to lower the unemployment #’s. …
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The start of the new year brings more protections to California homeowners, mainly those who are trying to save their properties from being repossessed. Making sense of the story The Homeowner Bill of Rights, signed by Gov. Jerry Brown in 2012, is a set of new laws that puts the onus on banks to help …
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According to the L.A Times, Psy dances his way into Westwood The South Korean musician famous for his ‘Gangnam Style’ video buys a Blair House condo for $1.249 million. In the L.A. housing market, “gangnam style” appears to translate into “traditional condominium.” Psy, the South Korean musician and dancing phenomenon of “Gangnam Style” video fame, …
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According to the L.A Times; Home prices are rising faster than incomes in Los Angeles, making it more prone to a new housing bubble than many other major cities, a real estate report indicates. Rising home prices and strong demand are making the market feel particularly bubbly in Washington, L.A., San Diego and San Francisco, …
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The best day of the week to list your house for sale is Thursday. This is more true during a sellers market, but if you list your house for sale on a Thursday, it will be available right away for weekend showings and by Saturday — the most important day of the real-estate week — your …
Continue reading “It’s Official- It’s a Seller’s Market in Los Angeles”
If you’re considering hiring a property management company to manage your rentals there are many reasons that may outweigh the cost; Benefit #1: Less problem tenants.Experienced property management companies see hundreds to thousands of applications. Their trained eyes know what red flags to look out for when overlooking an applicant’s paperwork. Letting them screen tenants …
A lot of people wonder what a Property Manager does? Well to sum it up, Property Management companies alleviate all the day-to-day management responsibilities for landlords & investors. It begins with leasing. Leasing a vacate property is the first step. Advertising, showing the space, then qualifying and reviewing potential renters applications. After that executing a …
According to the LA Times; Continuing Decline: Higher mortgage interest rates along with rising home prices are said to be the main culprits for a decline in home sales for the month of July. According to The National Association of Realtors, sales are down 1.3%, which continues a downward trend from the previous month. This …
Home sales across the country increased from July’s figures. Home sales saw a climb of 7.9% with 421,000 closed deals indicating a 12.6% jump from 2012’s August sales figures. Analysts originally estimated that 425,000 would sell this month, but the final figures fall just short of this projection. The recession caused a massive decrease in …
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Freddie Mac is reporting a dip in mortgage rates, now at 4.22% from the previous 4.32% figure, making this the lowest value since June 2013. However, a lower rate means little if loan applications cannot be filed because of the nationwide government shutdown. The government shutdown affects loan issuance since confirming the identities and checking …
Continue reading “Shutdown Affecting Loan Distribution and Housing Market”