The ADUs, Accessory Dwelling Units, are second units that are built on the same lot as a single-family home. The ADUs have been known by many names: granny flats, in-law units, backyard cottages, secondary units and more. No matter what you call them, ADUs are an innovative, affordable, effective option for adding much-needed housing in Read more about Is an ADU the right investment for you?[…]
Freddie Mac reported today Thursday, March 5th The average 30-year fixed-rate mortgage hit a record 3.29% this week, the lowest level in its nearly 50-year history. Meanwhile, mortgage applications increased 10% last week from one year ago and show no signs of slowing down. Given these strong indicators in rates and sales, as well as Read more about Mortgage Rates Hit All-time Low[…]
Jeff Bezos, the Amazon leader, reached a deal with David Geffen for the purchase of the Warner Estate in Beverly Hills. The deal set a new price record for a property in California. The home is considered one of the premier mansions built during Hollywood’s golden era. The property Jack Warner, the founder brother of the Read more about Jeff Bezos sets a new record in Los Angeles real estate[…]
Recent research published by Paul Goldsmith-Pinkham and Kelly Shue from Yale University discovered a Gender Gap between Men and Women buying and selling houses. Researchers used detailed data from CoreLogic covering over 50 million housing transactions and matched property listings across the US from 1991 to 2017. The gender gap in housing returns exists in Read more about Real Estate Investing shows a Gender Gap[…]
The California Association of Realtors CAR showed the Home Median Price by County for December 2019. The results show interesting facts: The three counties with higher median prices are San Mateo ($1.475 Million), San Francisco ($1.45 Million), and Marin ($1.3 Million). The three counties with lower median prices are Lassen ($247,500), Tehama ($237,500), and Siskiyou Read more about California Home Median Price for Dec 2019[…]
One of the reasons that explain why housing prices in California soar, and also why very few people can afford to buy them, is that the construction of new homes does not reach the speed of the housing demand. In 1986, California was ranked #7 in housing permits per-capita. In 2018, California was ranked #37. Read more about Homeowners enjoy a protected housing market[…]
The National Association of REALTORS issued their Housing Minute Report for July 2019. Pending home sales fell 2.5% in July, with each of the four major regions of the country seeing a decline in contract activity. The main key facts are: • Properties were typically on the market for 29 days (27 days in July Read more about July 2019 showed a decline in Real Estate contract activity[…]
Several home sale reports are now on public hands showing a major slow in the sale of homes during November and December last year. It is clear that the market is changing after several years where the homeowners were drawing the prices and conditions of the sale. Some homeowners are feeling their homes are not Read more about The Home Buyer Market is here..![…]
Mortgage News Daily reported that mortgage rates came down today, Jan 30th, reflecting the decision of the FED to not change the interest rates. Fed officials said Wednesday that they voted unanimously not to raise the benchmark federal funds rate in January, after having hiked it by 25 basis points a month prior. Greg McBride, Read more about Mortgage rates down in the last three weeks[…]
Several families are suffering the 4-days storm here in Los Angeles. After a disaster, homeowners and residents can find relief at different levels. This post will show you the best help after you have been the victim of a disaster including unemployment assistance, special home loans, and disaster tax relief. Individual Assistance FEMA, the Federal Read more about Disaster Relief for Homeowners[…]