These days, there are more bidding wars for each home listed for sale. Some homebuyers offer to pay more of the closing costs. It’s important buyers and sellers budget enough for closing costs. The purchase agreement reflects the terms, conditions, and responsibilities of who is in charge of each expense. Closing Costs Definition The buyer Read more about Closing Costs[…]
Selling a home right now is like going to a dance and everyone wanting to dance with you. The 2021 high home price surge came from solid unsatisfied housing demand. Home Price Surge Causes Wall Street Journal considers that the real factors sustaining the housing demand are: Millenials demanding new homes Homeowners not moving to Read more about 2021 Home Price Surge[…]
Through this program, builders and homeowners have access to pre-approved accessory dwelling unit building (ADUs) plans to allow a faster and less expensive permitting process. The major Garcetti said: “This program is about making ADUs more accessible, more affordable and more beautiful — and making them part of the blueprint of our efforts to tackle Read more about Major Garcetti pushes the building of ADUs units[…]
This President Biden’s housing measure will help families buy their first homes. Creating a new refundable, advanceable tax credit of up to $15,000 will help families to build wealth. Accordingly to the housing plan outlined on the campaign, “This tax credit will be permanent and advanceable”. This means that homebuyers receive the tax credit when Read more about Biden offers First-Time Homebuyers a $15,000 Tax Credit[…]
Los Angeles County Supervisors and Los Angeles City Council approved a fund to bring support for renters and landlords during the pandemic COVID-19 times. Los Angeles City will provide to its residents two-monthly $1,000 per household, directly to landlords. If the debt to landlords is less than that, the household will receive a credit for Read more about Support for renters and landlords[…]
Second-Hand homes are a good alternative to buy when you can’t afford a recently built home. Regularly, Second-Hand home prices are more affordable and the reason is the house might not have a complete upgrade of the main components. For example, the house might not have a new roof in the last 30 years, or Read more about Second-Hand Homes – what to consider when you buy one[…]
LaTerra Development, a Los Angeles-based developer of urban infill mixed-use properties, announced recently the formation of a programmatic joint venture with QuadReal Property Group, a global real estate company to build two Burbank & West Hollywood Apartments. The venture will invest up to $250 million in equity to develop and operate multifamily communities in Southern Read more about Multifamily Communities coming to Burbank & West Hollywood[…]
CoreLogic projects that Southern California house prices will continue rising. Instead, local home prices are forecast to rise 3% in Los Angeles County, 5% in Orange County, and 6% in the Inland Empire, by April 2021. CoreLogic projects U.S. home prices will drop 1.3% year over year by April 2021 in 41 states in the Read more about SoCal Home Prices will continue rising[…]
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 29, 2020. This week’s results included an adjustment for the Memorial Day holiday. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.9 percent on a seasonally adjusted basis from one week earlier. On Read more about Mortgage Applications Decrease from the last week[…]
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[…]