New repayment options for homeowners struggling due to COVID-19

Posted on Thursday, May 14, 2020 by Frederick Murga

The federal law, the Corona-virus Aid, Relief, and Economic Security (CARES) Act, puts in place two protections for homeowners with federally backed mortgages: • First, your lender or mortgage loan servicer may not foreclose on you for 60 days after March 18, 2020. The CARES Act prohibits lenders and servicers from beginning a judicial or non-judicial Read more about New repayment options for homeowners struggling due to COVID-19[…]

How our pets influence our housing decisions

Posted on Thursday, April 23, 2020Thursday, April 23, 2020 by Frederick Murga

When buying a home, several factors must be considered. In addition to the number of beds, baths, areas and needs of our children, home buyers today try to better meet the needs of their pets. In a recent NAR report, we found that 63% of American households currently have a pet and an additional 3% Read more about How our pets influence our housing decisions[…]

Is an ADU the right investment for you?

Posted on Sunday, April 19, 2020 by Frederick Murga

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?[…]

Mike Fratantoni Mortgage Rates Hit Historic Lows

Mortgage Rates Hit All-time Low

Posted on Thursday, March 5, 2020Monday, March 9, 2020 by Frederick Murga

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[…]

Mortgage rates in a historic low

Posted on Monday, February 24, 2020 by Frederick Murga

Mortgage rates point today a new historic low today February 24, 2020. The stock market melts down due to fears the coronavirus is spreading, as new cases crop up in Italy and Iran. The virus has reached over 80,000 patients in the world today, the majority in China, but the concern is that nobody can’t Read more about Mortgage rates in a historic low[…]

Jeff Bezos sets a new Real Estate Record

Jeff Bezos sets a new record in Los Angeles real estate

Posted on Monday, February 17, 2020 by Frederick Murga

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[…]

Bring Light into your Home

Posted on Wednesday, February 12, 2020 by Frederick Murga

It is very well known that natural light improves your mood. Some scientists believe that serotonin, the happy hormone, increases when days are long and nights are short. Some psychiatrists recommend patients to get out in the sunlight for at least 30 minutes a day to prevent or treat depression. However, in today’s world, human Read more about Bring Light into your Home[…]

Studio City Market Analysis

Posted on Saturday, February 8, 2020Saturday, February 8, 2020 by Frederick Murga

Studio City, California is a neighborhood in the city of Los Angeles, California, in the southeast San Fernando Valley, just west of the Cahuenga Pass, on the north slope of the Santa Monica Mountains. Originally known as Laurelwood, in 1927, Mack Sennett began building a new studio on 20 acres. The area around the studio Read more about Studio City Market Analysis[…]

Monterey Park Housing Market Analysis

Posted on Friday, February 7, 2020Friday, February 7, 2020 by Frederick Murga

Monterey Park, California is located in the western San Gabriel Valley region of Los Angeles, County. This city is 7 miles east from DownTown Los Angeles Civic Center. Monterey Park has a strategic location. The city is surrounded by three major freeways, the San Bernardino (Interstate 10), Long Beach (Interstate 710) and Pomona (State Route60), Read more about Monterey Park Housing Market Analysis[…]

Homes for less than $300K in LA County – Feb 3rd, 2020

Posted on Tuesday, February 4, 2020 by Frederick Murga

As of February 3rd 2020, there are 241 homes for sale under $300,000 in Los Angeles County. The majority of these are located in the Antelope Valley with 155 homes representing 64% of the available homes. The second region is San Fernando Valley with 27 homes, 11% of the total homes. The following two regions Read more about Homes for less than $300K in LA County – Feb 3rd, 2020[…]