Real estate investors are having a harder time in today’s housing market. About one in seven homes (13.5%) an investor sold in March went for less than what the investor bought the property for, according to realty company Redfin. While down from February’s 14.5% — the highest since 2016 — it’s still nearly triple the […]
Many Americans will be familiar with the 30% rule, which dictates that housing costs should never eat up more than 30% of your household income. But as it turns out, that old rule of thumb has become untenable for apartment dwellers these days. For the first time ever, American renters are spending that astronomical percentage […]
IRVINE, Calif. — March 8, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released its February 2023 U.S. Foreclosure Market Report, which shows there were a total of 30,528 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 3 percent from a month ago and up 18 […]
The Federal Reserve’s latest rate hike may be like a late frost creeping over the fragile spring housing market. In the wake of the Fed increasing its rates by 0.25% on Wednesday afternoon, mortgage interest rates are expected to rise again. That’s going to hurt buyers grappling with still-high home prices, mortgage rates that are already nearing 7%, […]
Real estate investment is a popular and profitable venture for many individuals, but navigating the tax implications can be overwhelming. It is crucial for real estate investors to understand the tax laws and regulations specific to real estate to minimize their tax liabilities and maximize their returns. In this article, we will discuss some important […]
March 6, 2023 Data & Analytics Collateral Analytics data from Black Knight showed January marking the fourth consecutive month of declines in for-sale inventory on a seasonally adjusted basis after seeing strong improvement in shortages early last year Months of supply has stagnated at approximately 3.1 in recent months as falling demand has been met with […]
Welcome Home to a beautifully custom-built two-story home! Situated in one of themost highly desirable residential area in West Palmdale with breathtaking views of thevalley and mountains. Walk-in to a completely open concept and lots of natural lightwith almost 3,600 SQFT of living space. This 5-bedroom, 3-bathroom home featureshigh ceilings, an open floor plan, and […]
More Restrictions to Landlords? Since the COVID-19 pandemic began and stay-at-home orders were put into place, rental housing has been in the spotlight, with attention staying on even after residents returned to work due to new challenges from a housing supply shortage and rising inflation. The Biden Administration is particularly focused on rental housing issues, […]
Open house starts on Saturday, January 21, 2023, from 12 noon to 3pm. Come join us to take a look at a beautiful 3 bedroom, 3 bath, 2,000 sf home on over a half acre with swimming pool!
Democrats want the administration to enact new restrictions on rent hikes and punish landlords they accuse of price-gouging. The White House is preparing to roll out new measures as soon as this month to protect tenants in the wake of post-pandemic price spikes, according to housing advocates and industry lobbyists who have met with administration […]
Putting a price tag on a home you’re trying to sell is a tricky thing. For one, it’s your home, crammed full of memories, hopes, and dreams—and all that stuff can cloud your thinking and lead you toward the wrong price. There are consequences: Shoot too high, and your home could languish on the market for months and maybe not sell […]
Adjustable rate mortgages (ARMs) can offer potential homebuyers an opportunity to save on their monthly payments and get into a new home. But despite these potential savings, ARMs can be a risky choice. This article will explore the pros and cons of ARMs so you can decide if an ARM mortgage is right for you. […]
Rising interest rates can affect home values in the long term. That’s why everyone needs to understand what rising interest rates mean for home values in the long term. After all, if you don’t know what you don’t know, you can’t be prepared. Knowledge is power.
For the past several years, venture capital–backed investment behemoths and mom and pop newbies alike have poured money into real estate. With mortgage interest rates at historically low levels and stimulus cash sloshing through the economy, real estate investment went from vigorous to full-on feverish. And along the way, investors—many of whom came to the […]
You’ve found your dream home and your offer was accepted. Let’s sign on the dotted line already, right? Not so fast. There could be expensive problems lurking just under the surface. Between old water heaters and unsealed windows to broken chimneys and insect damage, many homes go on the market with a long to-do list. […]
Foreclosures are back — in a big way. With the federal foreclosure moratorium ending June 30, 2022 for single-family residentials (SFR), the safety net homeowners relied upon throughout the pandemic is officially dismantled. Without this protection, foreclosure starts are steadily increasing nationally and are nearing pre-pandemic levels, according to MPA. The foreclosure process begins after homeowners are delinquent on 90-days or three-months of mortgage […]
The first mistake is to ignore the situation and hope it goes away. The first mistake people make when facing foreclosure is to ignore the situation and just hope it goes away. It won’t. A foreclosure will not just magically disappear. If you are facing foreclosure, it is important that you deal with it… […]
Investing in real estate can assist you in diversifying your investment portfolio by adding physical assets and providing you with a hedge against inflation. If you are a real estate investor, or if you aspire to become one, you will want to know about like-kind exchanges because they give you a chance to shift your real estate […]
Automated valuation models are gaining in popularity while offering practical uses The average homeowner probably can’t tell you exactly what their home is worth — but that is all changing thanks to the rise of automated valuation models (AVMs) in the real estate and mortgage industries. More homeowners than ever before can easily identify […]
After two years of twiddling their thumbs over nonpaying tenants, California landlords are getting carried away with evictions — and the consequences are high. Roughly 1.5 million California renters are at risk of eviction due to defaulting on rent, according to the California’s Office of the Attorney General (OAG). Though California renters are recovering from the job losses of Spring 2020, […]
One of the most common things I run across no matter where in the country our properties may be, is theft or vandalism. I don’t know any investor that has not faced this as sad as that may be. It doesn’t always have to be serious, but it is always inconvenient. From neighborhood kids tagging […]
An expanding problem California’s housing production has long lagged behind demand. This chronic shortage has only gotten worse — and more pervasive — in recent years. While the nation as a whole fell short 1.65 million housing units in 2012, that number has more than doubled to 3.79 million units in 2019. As of 2019, California […]
We just closed on this beautiful property here in Pine Mountain Club. Our friends were living in a rental property and knew that paying rent every month was not getting them ahead. They asked me to represent them as their buyers realtor, in buying a property that they already found and loved. The purchase went […]
Homeowners with lower-rate loans turn to home-equity lines of credit as rising rates stem cash-out refi demand A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel […]
Here are the key takeaways from the latest Summit – and what NAA is doing in response. Read more. Earlier this month, the White House and the United States Department of the Treasury hosted the White House Summit on Building Lasting Eviction Prevention Reform. The White House invited federal, state and local policymakers, as well […]
For the past two years, real estate has been in a raging seller’s market. Sellers have been able to expect offers well over the asking price, frantic bidding wars, and few if any strings attached. They’ve basically been able to name their price and get it, with some extra to spare. But those glory days may be coming […]
Having a taxable gain on a home sale used to be less common. Here’s what to know about exclusions and how to lower the tax bill. If your home’s value has soared, congratulations. If you decide to sell, beware. Financial adviser James Guarino says some clients don’t realize that home sale profits are potentially taxable until their […]
Story at a glance The findings of a new survey from the site Real Estate Witch shows that almost three quarters of millennials have more than $100,000 in debt. Most of that debt is non-mortgage debt. But while millennials have a large amount of debt, many are optimistic that they can pay it off over […]
Despite sharp cost increases in 2021, the decline in overall ROI in the 2022 report was a modest 1.2%, proving the resilience of the remodeling market. The 35th annual Cost vs. Value report by Zonda (JLC’s parent company) shows improvement projects that are on the exterior of the house continuing a multiyear trend of providing the […]
Who doesn’t love a pool in the summer? Rental properties with swimming pools are in high demand on platforms like Airbnb, and hosts are often able to charge a premium. But fluffy towels and comfortable chaise lounges aside, having a pool comes with a fair share of headaches — and liability. A majority of drownings in at-home […]
IRVINE, Calif. – July 14, 2022 —ATTOM, a leading curator of real estate data nationwide for land and property data, today released its Midyear 2022 U.S. Foreclosure Market Report, which shows there were a total of 164,581 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2022. That […]
June’s housing data shows why we needed higher rates Looking at the housing market in the years 2020-2024, one risk I identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. I talked about having a 23% price-growth model for […]
Californians are taking a tip from Billy Joel, and they’re movin’ out. For every 37 moves into the Golden State, there are 100 California residents migrating out, according to moveBuddha, a moving company referral service and data reporter. In fact, California is the state with the second greatest outflow, second only to New Jersey. This tracks […]
As escalating mortgage rates and home prices shrink the pool of buyers, help your sellers understand why they’ll likely need to readjust their expectations. Home sellers had gotten used to setting sky-high asking prices, and voracious buyers were eagerly bidding them up even higher—until now. As the market shifts more in buyers’ favor, over […]
Nationwide, a record share of homebuyers are relocating, many in search of affordability as prices and mortgage rates soar. Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area. While that’s unchanged from the record set in the first quarter, […]
California’s suburbs have long attracted renters by offering a quieter and more affordable lifestyle. Demand for this lifestyle has exploded since the pandemic — and investors are taking notice. Build-to-rent homes, which are single-family residences (SFRs) built for the express purpose of renting, provide an outlet for this market force. Frequently, these homes take the form of rental home communities which tend to cluster […]
IRVINE, CA – June 2, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,304,007) residential properties in the United States sit vacant. That represents 1.3 percent, or one in 76 homes, across the nation. The […]
If you’ve ever wondered what you could get for your home, you probably pulled up the real estate listing site Zillow to check its Zestimate. The algorithm-fueled pricing tool estimates values for millions of homes across the country and is a popular resource for homebuyers and sellers alike. However, determining a home’s value is a […]
Market changes due to the pandemic have ushered in a new era of opportunity. COVID-19 has changed the world as we know it. Everything from where we live and work to how we value and spend our time and interact with each other has dramatically shifted in the face of the challenges of the ongoing […]
The real estate market has been wild for the past couple of years, but many are wondering if it’s finally starting to slow down. If so, this would be a long-awaited reprieve for buyers and a wake-up call for potential sellers, as the tide may be turning away from their favor. While 2022 was the […]
The state of California recently rolled out a pair of programs designed to help residents buy new homes or stay in their current ones, one of which provides forgivable loans to buyers for up to 10% of the purchase price. The programs, announced last month, include the Forgivable Equity Builder Loan program administered by the California Housing […]
When it comes to getting the best return on investment in the housing market, one real estate investor swears on student housing. “I think that’s the safest bet in real estate,” said Rogers Healy, CEO and Owner of Dallas real estate company Rogers Healy and Associates (video above). The student housing market is what initially […]
Here’s one sector it pays to dabble in. The events of the past two years have caused many people to rethink their plans, work setups, and living situations. For some, that means relocating to a less expensive part of the country. For others, it means downsizing or getting a new job. All of this is […]
There are some huge downsides to house flipping worth considering. If you’re interested in getting into real estate investing, you might be considering house flipping. You’re probably familiar with this widely publicized strategy for making money in real estate. It involves purchasing a home and quickly selling it for more than you paid for it […]
Experts are wondering if the US housing market is in a bubble — and whether it could soon burst. A bubble is when the price of an asset surges, often for irrational reasons or reasons unrelated to underlying fundamentals. Home prices soared throughout the pandemic as debt was cheap and people sought more space during […]
The bigger they are, the harder they fall. That much is true for housing giant Zillow, which entered a hot and unpredictable housing market as a speculator and got burned. Zillow Group, Inc. reported a $330 million net loss for the third quarter (Q3) of 2021 in a letter to shareholders, blaming the loss on the failure of […]
WHAT IS THE PROPOSED ACT? AB 1771, also known as the California Housing Speculation Act (the “Act”), proposes to add an additional 25% tax on the portion of capital gain from the sale or exchange of residential properties within three years of an investor’s purchase of the property. The additional tax would decline in annual […]
Offerpad was the lone iBuyer to generate a profit So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books. […]
Audit reveals how federal homeless money is doled out, while L.A. says they are doing better As Los Angeles’s homeless problem escalated, the very part of L.A. government charged with helping the homeless left millions of federal dollars on the table. That is the finding of a U.S. Housing and Urban Development Inspector General report released last […]
IRVINE, Calif. — February 10, 2022 — ATTOM, licensor of the nation’s most comprehensive foreclosure data and parent company to RealtyTrac (www.realtytrac.com), the largest online marketplace for foreclosure and distressed properties, today released its January 2022 U.S. Foreclosure Market Report, which shows there were a total of 23,204 U.S. properties with foreclosure filings — default notices, scheduled auctions […]
Economists and professionals in the restructuring sector of business and real estate have been anticipating a distressed economy for the past 18 months. Thus far they have been wrong. The public is just plain confused. Many people today don’t trust their politicians, their news sources and, surprisingly, not even their health care providers and professionals. […]
CAMBRIDGE, MA – Spending for home improvements and repairs is expected to expand at a stronger pace in 2022, but signs point to some easing of growth by year end, according to the Leading Indicator of Remodeling Activity (LIRA) released today by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University. The […]
On November 1, 2021, the Predatory Real Estate Wholesaler Act will officially go into effect in Oklahoma, requiring real estate wholesalers to obtain a real estate license and abide by Oklahoma laws designed to promote consumer protection and ethical practices. The practice of real estate wholesaling occurs when an individual enters into a real estate […]
Renters beware: They’re more common than you might think. More than a third of American households rent their homes. With that much demand, predatory lease agreements are an unfortunate and common reality. Predatory rental contracts can range from outright scams to leases with unfair or borderline-illegal provisions. Unscrupulous landlords prey especially on people in desperate situations […]
When a home’s status changes to sale pending, it means the seller has accepted the buyer’s offer and both parties are ready to move forward. Hooray! But even when all signs point to go, sometimes a home sale just never takes off. While a failed pending sale isn’t common, it can happen, even in a thriving real […]
As real estate prices continue to soar and property remains in short supply, will land be the next big investment? Key Points Land value growth has risen slowly over the past decade, but an uptick in demand is pushing prices up. Vacant land can be a valuable investment for long-term investors but requires a number […]
The tough housing market just keeps on getting tougher. The number of homes listed for sale took a nosedive in January, falling 28.4% compared with a year earlier, according to a recent Realtor.com® report. And if that sounds bad, consider that two years ago—in pre-COVID-19 times—the number of active listings was a whopping 60% higher than it is […]
After a turbulent start to the year, California’s economy and housing market got a bit of a respite from the volatility. Rates held steady after big increases, the pandemic is finally showing signs of improvement, and the labor markets continue to give reason for cautious optimism. However, the Federal Reserve made announcements last week that […]
OAKLAND – California Attorney General Rob Bonta today issued a consumer alert reminding California’s tenants and homeowners of their rights and protections amidst the COVID-19 pandemic. The Attorney General recognizes that families across the state may be facing difficulty affording rent and mortgage payments, including as the result of layoffs, reduced working hours, and other economic […]
Home buyers who successfully purchased a home last year only viewed a median of eight homes before purchasing. For some buyers who put down multiple contracts and repeatedly lost bidding wars, this may seem like very few, however for others who found limited housing inventory in their area, it may seem like a wide selection. […]
The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, according to NAR’s December 2021 REALTORS® Confidence Index Survey, a survey of REALTOR® transactions. In the December survey, 19% of buyers waived the inspection contract contingency, down from a peak of 27% in July 2021, while 21% […]
It’s virtually impossible at the moment to hire anyone to do any repair, maintenance or construction work on your home, no matter how badly you need it. Right now, repair people are like the hottest kids in high school. Remember them? They were attractive. They had godlike skills at pretty much everything. The whole school […]
A North Carolina Court of Appeals judge ruled against a Weaverville man claiming TruPoint Bank defrauded him when he tried to get money to purchase property in Washington, D.C. The appeal ruling was 69-year-old David Russell Roberson’s second loss in a case the real estate professional has been fighting since 2019. It stems from his […]
Learn what repairs and upgrades to avoid when preparing a home for sale. Preparing to sell a home can be daunting. Popular shows like “Fixer Upper,” “Flip or Flop,” and “Property Brothers” make it seem like you have to spend thousands of dollars and make renovating a full-time job to prepare to put your house […]
Despite the current hype around home buyers paying all-cash for homes, the majority of home buyers finance their home purchase. Among primary residence buyers, 87% percent financed their home purchase, a share that rises to 95% among first-time buyers. When financing a home, buyers typically put down a downpayment, but how much? One of the […]
Ever been in a difficult situation that made you want to throw in the towel? We’ve all been there. How do certain people find the emotional strength to push through the situation and keep going? The following tips can help you learn to be more flexible and bounce back from adversity more quickly. Develop and […]
Data Reflects Growth – $17 Billion for Public Services LOS ANGELES, CA – Los Angeles County Assessor Jeffrey Prang released the 2021 Annual Report, which reflects growth and increases in the assessed value of taxable real property despite the enduring pandemic. The report also includes an updated listing of the County’s 88 cities, including the […]
Key Takeaways: Using 3D printing in the creation of a home reduces waste and labor costs. Construction tech companies can 3D-print the frame and walls of a house in under 48 hours. The high initial costs of the technology are likely to keep 3D-printed homes a niche product for now. With home prices rising and […]
Unlicensed Assistants Dos and Don’ts When utilizing the services of an unlicensed assistant, a broker (or a salesperson) should ensure that the assistant’s activities never cross the line into what could be considered licensed activity. Common activities that are acceptable and those to be avoided are as follows: • Open Houses: With the principal’s consent, […]
NAR unveils top 10 housing market “hidden gems” for 2022 during association’s Real Estate Forecast Summit WASHINGTON (December 15, 2021) – Expect slower housing price appreciation, easing inflation and rising interest rates in 2022, according to a survey of more than 20 top U.S. economic and housing experts. Lawrence Yun, NAR chief economist and senior […]
70% of homes are purchased with a mortgage here in California in 2021. While cash purchases have increased alongside steep competition in 2021, the vast majority of purchases continue to rely on financing. Thus, the state of the mortgage market is a major influence on the housing market, here in California and nationwide. The dollar amount for mortgage originations […]
Jimmy McMillan may have been ahead of his time. A perennial candidate in New York for various offices, McMillan created a single issue third party that ran on the notion that the rent was “too damn high.” Now, in an era where millions of Americans were adversely affected by a global pandemic and with national […]
Californians are making moves to other states. California’s population recently decreased for the first time in memory, declining 0.46% from January 2020 to January 2021. For reference, the past two decades have seen the population increase around 1% each year. Where are all of these California residents going? Of those former Californians who purchased a […]
However, a handful of cities across the country saw rents rise more than 30% from a year earlier, including Miami, Seattle, Portland, OR and Austin. Average monthly rents increased 13% nationwide over the past year, the highest growth rate in at least two years. The national median monthly mortgage payment for homebuyers posted even bigger […]
WASHINGTON (AP) — The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors’ use of the U.S. market to launder money made through illicit activity. The Treasury Department was posting notice Monday seeking public comment for a potential regulation that would address what it […]
Clean energy and grid-related investments and incentives for public-private partnerships are likely. By Paul Bergeron | November 18, 2021 at 07:34 AM An influx of cities are already reaching out for guidance to implement changes across their real estate portfolios as a result of the $1.2 trillion infrastructure bill signed by President Biden this week, JLL reported. “The bill includes […]
Flipping homes isn’t like flipping pancakes, folks. Now, Zillow is learning this lesson the hard way. Zillow first launched its Zillow Offers program in 2018. Under the program, Zillow purchases homes directly from sellers, makes improvements when necessary, and then lists (read: flips) these homes for sale. Sellers working with Zillow are able to select their closing date […]
Since the Covid economic downturn, a frequently asked question is, “Do you think I should I sell my house before I get behind on my mortgage payments?” In many cases, Yes. Absolutely! How does selling before I have a late payment affect my credit? When you are current with your mortgage payments, […]
Yesterday I learned that our local Congressional representative has proposed a Cabin project to help the homeless in our community. We hear from ‘people’ constantly about how ‘bad’ the homeless situation is and if only there was something that could be done. However, something has been proposed in our neighborhood and now the residents have […]
California home sales remain strong compared to last year at this time. This is good news considering that we typically experience seasonal slowing this time of year. With an increase in interest rates last week sales are beginning to slow up lately. Do not be discouraged if you have not yet found your perfect home […]
As any real estate agent knows, leads are the lifeblood to success. This is why it is no secret that a high percentage of most agents’ time is dedicated to uncovering possible leads via as many conduits as possible. That being said, all leads are not created equal. Some leads roll in thanks to expensive […]
Buying a home is an important – and exciting – decision. After all, having a place to call your own, to raise your family in, to do as you wish with no landlord to answer to are all motivating factors in starting the process. But, in addition to these emotional reasons, buying a home can […]
California’s housing market recovery continues. July numbers are in and sales of single-family residences are up 28.8% from June in Los Angeles, though year-to-date home sales across the state were down 10% in July. Median home prices also set another record high for July in California, up 6.4% from June and up 9.6% from July […]
Last week we saw an increase in the number of property listings and escrows, though the number of closed housing transactions was down 18% compared to the prior week. This downturn was primarily in part to fewer property escrows opened and closed during the July 4th holiday week. Mortgage rates are at all time historic […]
An important piece of the real estate puzzle hinges on building a strong team. This is why in addition to our network of agents, lenders, attorneys, and brokers, we are always on the lookout for great contractors to partner with. Below is some more insight on what we are looking for along with a number […]
If you are a real estate investor looking to purchase wholesale properties or partner on joint venture projects, look no further. Our team has the experience, know-how, and infrastructure to offer you opportunities in your real estate investment endeavors. No matter if you are looking for a rehab project to work on or you are […]
Homeowners find themselves in the position of having to sell their home fast for any number of reasons. For example, there are times when family obligations require you to move out of state with little warning. Maybe a job relocation takes you to a new area. Or a personal situation has arisen, putting homeowners on […]
What are the best real estate lead generation options today? Where and how can real estate agents, investors and other related industry professionals generate more leads for buying, selling and renting properties? What are some of the little known benefits, and pitfalls of common real estate lead generation channels today? Here are 12 ways for real […]
By Alex Tanzi Bloomberg A decade after the recession sparked by the collapse of the housing market, the fortunes of homeowners keep getting better in large swaths of America, but not all. Just 3.5 million homes with mortgages in the U.S. — or about one in 15 — are “seriously underwater” in the third quarter, […]
By Alex Tanzi Bloomberg A decade after the recession sparked by the collapse of the housing market, the fortunes of homeowners keep getting better in large swaths of America, but not all. Just 3.5 million homes with mortgages in the U.S. — or about one in 15 — are “seriously underwater” in the third quarter, […]
Californian lawmakers last Wednesday approved a bill that, if it comes into effect, would lead to rents being capped throughout the state. The move has since drawn widespread criticism from real estate industry professionals who worry it could have a negative impact on renters in the long term. The New York Times reports […]
Californian lawmakers last Wednesday approved a bill that, if it comes into effect, would lead to rents being capped throughout the state. The move has since drawn widespread criticism from real estate industry professionals who worry it could have a negative impact on renters in the long term. The New York Times reports […]
The potential sale of the Bothwell Ranch has galvanized community members to save the property — meanwhile, the groves at CSUN and Orcutt Ranch are keeping the Valley’s orange-growing roots alive. Rows of verdant Valencia and Navel orange trees line the grounds of the Bothwell Ranch estate, a 14-acre parcel of land nestled between the […]
The potential sale of the Bothwell Ranch has galvanized community members to save the property — meanwhile, the groves at CSUN and Orcutt Ranch are keeping the Valley’s orange-growing roots alive. Rows of verdant Valencia and Navel orange trees line the grounds of the Bothwell Ranch estate, a 14-acre parcel of land nestled between the […]
The Federal Reserve cut interest rates for the second time this year in an attempt to cushion the U.S. economy from trade tensions, slowing global growth and low inflation. The U.S. central bank voted Wednesday to reduce its benchmark interest rate by 0.25 percent, or 25 basis points. That’s the second straight reduction, after the Fed […]
You make money when you buy a property. Repeat that out loud: You make your money when you buy a property. The biggest profitability problem landlords have is created by investing in the wrong properties, or overpaying for the right ones.
What are the best real estate lead generation options today? Where and how can real estate agents, investors and other related industry professionals generate more leads for buying, selling and renting properties? What are some of the little known benefits, and pitfalls of common real estate lead generation channels today? Here are 12 ways for real estate […]
Successful landlords aren’t cheap, but they are definitely cost-conscious. In other words, they understand that costs add up over time, so they make smart choices to maximize revenue. There’s a time and place for spending money to set yourself up for success. However, there are also ways you can limit your expenses to maximize your […]
The real estate industry caters to independent strategies. For every investor, there is another way to go about conducting business. Some may prefer to utilize the convenience of technology while others want to maintain personal relationships. However, for one reason or another, there remains a void between these two independent strategies. Smart investors will figure […]
Real estate investors are having a harder time in today’s housing market. About one in seven homes (13.5%) an investor sold in March went for less than what the investor bought the property for, according to realty company Redfin. While down from February’s 14.5% — the highest since 2016 — it’s still nearly triple the […]
Many Americans will be familiar with the 30% rule, which dictates that housing costs should never eat up more than 30% of your household income. But as it turns out, that old rule of thumb has become untenable for apartment dwellers these days. For the first time ever, American renters are spending that astronomical percentage […]
IRVINE, Calif. — March 8, 2023 — ATTOM, a leading curator of land, property, and real estate data, today released its February 2023 U.S. Foreclosure Market Report, which shows there were a total of 30,528 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — down 3 percent from a month ago and up 18 […]
The Federal Reserve’s latest rate hike may be like a late frost creeping over the fragile spring housing market. In the wake of the Fed increasing its rates by 0.25% on Wednesday afternoon, mortgage interest rates are expected to rise again. That’s going to hurt buyers grappling with still-high home prices, mortgage rates that are already nearing 7%, […]
Real estate investment is a popular and profitable venture for many individuals, but navigating the tax implications can be overwhelming. It is crucial for real estate investors to understand the tax laws and regulations specific to real estate to minimize their tax liabilities and maximize their returns. In this article, we will discuss some important […]
March 6, 2023 Data & Analytics Collateral Analytics data from Black Knight showed January marking the fourth consecutive month of declines in for-sale inventory on a seasonally adjusted basis after seeing strong improvement in shortages early last year Months of supply has stagnated at approximately 3.1 in recent months as falling demand has been met with […]
Welcome Home to a beautifully custom-built two-story home! Situated in one of themost highly desirable residential area in West Palmdale with breathtaking views of thevalley and mountains. Walk-in to a completely open concept and lots of natural lightwith almost 3,600 SQFT of living space. This 5-bedroom, 3-bathroom home featureshigh ceilings, an open floor plan, and […]
More Restrictions to Landlords? Since the COVID-19 pandemic began and stay-at-home orders were put into place, rental housing has been in the spotlight, with attention staying on even after residents returned to work due to new challenges from a housing supply shortage and rising inflation. The Biden Administration is particularly focused on rental housing issues, […]
Open house starts on Saturday, January 21, 2023, from 12 noon to 3pm. Come join us to take a look at a beautiful 3 bedroom, 3 bath, 2,000 sf home on over a half acre with swimming pool!
Democrats want the administration to enact new restrictions on rent hikes and punish landlords they accuse of price-gouging. The White House is preparing to roll out new measures as soon as this month to protect tenants in the wake of post-pandemic price spikes, according to housing advocates and industry lobbyists who have met with administration […]
Adjustable rate mortgages (ARMs) can offer potential homebuyers an opportunity to save on their monthly payments and get into a new home. But despite these potential savings, ARMs can be a risky choice. This article will explore the pros and cons of ARMs so you can decide if an ARM mortgage is right for you. […]
For the past several years, venture capital–backed investment behemoths and mom and pop newbies alike have poured money into real estate. With mortgage interest rates at historically low levels and stimulus cash sloshing through the economy, real estate investment went from vigorous to full-on feverish. And along the way, investors—many of whom came to the […]
You’ve found your dream home and your offer was accepted. Let’s sign on the dotted line already, right? Not so fast. There could be expensive problems lurking just under the surface. Between old water heaters and unsealed windows to broken chimneys and insect damage, many homes go on the market with a long to-do list. […]
Foreclosures are back — in a big way. With the federal foreclosure moratorium ending June 30, 2022 for single-family residentials (SFR), the safety net homeowners relied upon throughout the pandemic is officially dismantled. Without this protection, foreclosure starts are steadily increasing nationally and are nearing pre-pandemic levels, according to MPA. The foreclosure process begins after homeowners are delinquent on 90-days or three-months of mortgage […]
The first mistake is to ignore the situation and hope it goes away. The first mistake people make when facing foreclosure is to ignore the situation and just hope it goes away. It won’t. A foreclosure will not just magically disappear. If you are facing foreclosure, it is important that you deal with it… […]
Investing in real estate can assist you in diversifying your investment portfolio by adding physical assets and providing you with a hedge against inflation. If you are a real estate investor, or if you aspire to become one, you will want to know about like-kind exchanges because they give you a chance to shift your real estate […]
Automated valuation models are gaining in popularity while offering practical uses The average homeowner probably can’t tell you exactly what their home is worth — but that is all changing thanks to the rise of automated valuation models (AVMs) in the real estate and mortgage industries. More homeowners than ever before can easily identify […]
Come see this beautiful country home in Leona Valley. Three bedrooms and two baths with dramatic open beam ceilings, on over 9 ac.!
After two years of twiddling their thumbs over nonpaying tenants, California landlords are getting carried away with evictions — and the consequences are high. Roughly 1.5 million California renters are at risk of eviction due to defaulting on rent, according to the California’s Office of the Attorney General (OAG). Though California renters are recovering from the job losses of Spring 2020, […]
One of the most common things I run across no matter where in the country our properties may be, is theft or vandalism. I don’t know any investor that has not faced this as sad as that may be. It doesn’t always have to be serious, but it is always inconvenient. From neighborhood kids tagging […]
An expanding problem California’s housing production has long lagged behind demand. This chronic shortage has only gotten worse — and more pervasive — in recent years. While the nation as a whole fell short 1.65 million housing units in 2012, that number has more than doubled to 3.79 million units in 2019. As of 2019, California […]
We just closed on this beautiful property here in Pine Mountain Club. Our friends were living in a rental property and knew that paying rent every month was not getting them ahead. They asked me to represent them as their buyers realtor, in buying a property that they already found and loved. The purchase went […]
Homeowners with lower-rate loans turn to home-equity lines of credit as rising rates stem cash-out refi demand A combination of fast-rising home values and the fact that nearly two-thirds of borrowers with at least some home equity have mortgage rates below 4% — and would not benefit from refinancing — is helping to propel […]
Here are the key takeaways from the latest Summit – and what NAA is doing in response. Read more. Earlier this month, the White House and the United States Department of the Treasury hosted the White House Summit on Building Lasting Eviction Prevention Reform. The White House invited federal, state and local policymakers, as well […]
Having a taxable gain on a home sale used to be less common. Here’s what to know about exclusions and how to lower the tax bill. If your home’s value has soared, congratulations. If you decide to sell, beware. Financial adviser James Guarino says some clients don’t realize that home sale profits are potentially taxable until their […]
Story at a glance The findings of a new survey from the site Real Estate Witch shows that almost three quarters of millennials have more than $100,000 in debt. Most of that debt is non-mortgage debt. But while millennials have a large amount of debt, many are optimistic that they can pay it off over […]
Despite sharp cost increases in 2021, the decline in overall ROI in the 2022 report was a modest 1.2%, proving the resilience of the remodeling market. The 35th annual Cost vs. Value report by Zonda (JLC’s parent company) shows improvement projects that are on the exterior of the house continuing a multiyear trend of providing the […]
Who doesn’t love a pool in the summer? Rental properties with swimming pools are in high demand on platforms like Airbnb, and hosts are often able to charge a premium. But fluffy towels and comfortable chaise lounges aside, having a pool comes with a fair share of headaches — and liability. A majority of drownings in at-home […]
IRVINE, Calif. – July 14, 2022 —ATTOM, a leading curator of real estate data nationwide for land and property data, today released its Midyear 2022 U.S. Foreclosure Market Report, which shows there were a total of 164,581 U.S. properties with foreclosure filings — default notices, scheduled auctions or bank repossessions — in the first six months of 2022. That […]
June’s housing data shows why we needed higher rates Looking at the housing market in the years 2020-2024, one risk I identified early on was that home prices could accelerate more in this period than we saw in the previous expansion if inventory channels broke to all-time lows. I talked about having a 23% price-growth model for […]
Californians are taking a tip from Billy Joel, and they’re movin’ out. For every 37 moves into the Golden State, there are 100 California residents migrating out, according to moveBuddha, a moving company referral service and data reporter. In fact, California is the state with the second greatest outflow, second only to New Jersey. This tracks […]
Nationwide, a record share of homebuyers are relocating, many in search of affordability as prices and mortgage rates soar. Homebuyer migration remained at an all-time high in April and May, with 32.3% of Redfin.com users nationwide looking to move to a different metro area. While that’s unchanged from the record set in the first quarter, […]
California’s suburbs have long attracted renters by offering a quieter and more affordable lifestyle. Demand for this lifestyle has exploded since the pandemic — and investors are taking notice. Build-to-rent homes, which are single-family residences (SFRs) built for the express purpose of renting, provide an outlet for this market force. Frequently, these homes take the form of rental home communities which tend to cluster […]
IRVINE, CA – June 2, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its second-quarter 2022 Vacant Property and Zombie Foreclosure Report showing that 1.3 million (1,304,007) residential properties in the United States sit vacant. That represents 1.3 percent, or one in 76 homes, across the nation. The […]
If you’ve ever wondered what you could get for your home, you probably pulled up the real estate listing site Zillow to check its Zestimate. The algorithm-fueled pricing tool estimates values for millions of homes across the country and is a popular resource for homebuyers and sellers alike. However, determining a home’s value is a […]
The real estate market has been wild for the past couple of years, but many are wondering if it’s finally starting to slow down. If so, this would be a long-awaited reprieve for buyers and a wake-up call for potential sellers, as the tide may be turning away from their favor. While 2022 was the […]
When it comes to getting the best return on investment in the housing market, one real estate investor swears on student housing. “I think that’s the safest bet in real estate,” said Rogers Healy, CEO and Owner of Dallas real estate company Rogers Healy and Associates (video above). The student housing market is what initially […]
Here’s one sector it pays to dabble in. The events of the past two years have caused many people to rethink their plans, work setups, and living situations. For some, that means relocating to a less expensive part of the country. For others, it means downsizing or getting a new job. All of this is […]
Experts are wondering if the US housing market is in a bubble — and whether it could soon burst. A bubble is when the price of an asset surges, often for irrational reasons or reasons unrelated to underlying fundamentals. Home prices soared throughout the pandemic as debt was cheap and people sought more space during […]
WHAT IS THE PROPOSED ACT? AB 1771, also known as the California Housing Speculation Act (the “Act”), proposes to add an additional 25% tax on the portion of capital gain from the sale or exchange of residential properties within three years of an investor’s purchase of the property. The additional tax would decline in annual […]
Offerpad was the lone iBuyer to generate a profit So-called iBuyers purchased a total of 70,402 homes in 2021, more than doubling the number purchased in 2019, according to a report from Zillow released on Tuesday. The shopping spree, in a historically wild housing market, led to Zillow’s implosion and a lot of red ink on Opendoor’s books. […]
Audit reveals how federal homeless money is doled out, while L.A. says they are doing better As Los Angeles’s homeless problem escalated, the very part of L.A. government charged with helping the homeless left millions of federal dollars on the table. That is the finding of a U.S. Housing and Urban Development Inspector General report released last […]
On November 1, 2021, the Predatory Real Estate Wholesaler Act will officially go into effect in Oklahoma, requiring real estate wholesalers to obtain a real estate license and abide by Oklahoma laws designed to promote consumer protection and ethical practices. The practice of real estate wholesaling occurs when an individual enters into a real estate […]
As real estate prices continue to soar and property remains in short supply, will land be the next big investment? Key Points Land value growth has risen slowly over the past decade, but an uptick in demand is pushing prices up. Vacant land can be a valuable investment for long-term investors but requires a number […]
Home buyers who successfully purchased a home last year only viewed a median of eight homes before purchasing. For some buyers who put down multiple contracts and repeatedly lost bidding wars, this may seem like very few, however for others who found limited housing inventory in their area, it may seem like a wide selection. […]
The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, according to NAR’s December 2021 REALTORS® Confidence Index Survey, a survey of REALTOR® transactions. In the December survey, 19% of buyers waived the inspection contract contingency, down from a peak of 27% in July 2021, while 21% […]
It’s virtually impossible at the moment to hire anyone to do any repair, maintenance or construction work on your home, no matter how badly you need it. Right now, repair people are like the hottest kids in high school. Remember them? They were attractive. They had godlike skills at pretty much everything. The whole school […]
A North Carolina Court of Appeals judge ruled against a Weaverville man claiming TruPoint Bank defrauded him when he tried to get money to purchase property in Washington, D.C. The appeal ruling was 69-year-old David Russell Roberson’s second loss in a case the real estate professional has been fighting since 2019. It stems from his […]
Learn what repairs and upgrades to avoid when preparing a home for sale. Preparing to sell a home can be daunting. Popular shows like “Fixer Upper,” “Flip or Flop,” and “Property Brothers” make it seem like you have to spend thousands of dollars and make renovating a full-time job to prepare to put your house […]
Ever been in a difficult situation that made you want to throw in the towel? We’ve all been there. How do certain people find the emotional strength to push through the situation and keep going? The following tips can help you learn to be more flexible and bounce back from adversity more quickly. Develop and […]
Data Reflects Growth – $17 Billion for Public Services LOS ANGELES, CA – Los Angeles County Assessor Jeffrey Prang released the 2021 Annual Report, which reflects growth and increases in the assessed value of taxable real property despite the enduring pandemic. The report also includes an updated listing of the County’s 88 cities, including the […]
Key Takeaways: Using 3D printing in the creation of a home reduces waste and labor costs. Construction tech companies can 3D-print the frame and walls of a house in under 48 hours. The high initial costs of the technology are likely to keep 3D-printed homes a niche product for now. With home prices rising and […]
Unlicensed Assistants Dos and Don’ts When utilizing the services of an unlicensed assistant, a broker (or a salesperson) should ensure that the assistant’s activities never cross the line into what could be considered licensed activity. Common activities that are acceptable and those to be avoided are as follows: • Open Houses: With the principal’s consent, […]
70% of homes are purchased with a mortgage here in California in 2021. While cash purchases have increased alongside steep competition in 2021, the vast majority of purchases continue to rely on financing. Thus, the state of the mortgage market is a major influence on the housing market, here in California and nationwide. The dollar amount for mortgage originations […]
Jimmy McMillan may have been ahead of his time. A perennial candidate in New York for various offices, McMillan created a single issue third party that ran on the notion that the rent was “too damn high.” Now, in an era where millions of Americans were adversely affected by a global pandemic and with national […]
WASHINGTON (AP) — The Biden administration is looking to expand reporting requirements on all-cash real estate deals to help crack down on bad actors’ use of the U.S. market to launder money made through illicit activity. The Treasury Department was posting notice Monday seeking public comment for a potential regulation that would address what it […]
Clean energy and grid-related investments and incentives for public-private partnerships are likely. By Paul Bergeron | November 18, 2021 at 07:34 AM An influx of cities are already reaching out for guidance to implement changes across their real estate portfolios as a result of the $1.2 trillion infrastructure bill signed by President Biden this week, JLL reported. “The bill includes […]
Flipping homes isn’t like flipping pancakes, folks. Now, Zillow is learning this lesson the hard way. Zillow first launched its Zillow Offers program in 2018. Under the program, Zillow purchases homes directly from sellers, makes improvements when necessary, and then lists (read: flips) these homes for sale. Sellers working with Zillow are able to select their closing date […]
California home sales remain strong compared to last year at this time. This is good news considering that we typically experience seasonal slowing this time of year. With an increase in interest rates last week sales are beginning to slow up lately. Do not be discouraged if you have not yet found your perfect home […]
Buying a home is an important – and exciting – decision. After all, having a place to call your own, to raise your family in, to do as you wish with no landlord to answer to are all motivating factors in starting the process. But, in addition to these emotional reasons, buying a home can […]
An important piece of the real estate puzzle hinges on building a strong team. This is why in addition to our network of agents, lenders, attorneys, and brokers, we are always on the lookout for great contractors to partner with. Below is some more insight on what we are looking for along with a number […]
If you are a real estate investor looking to purchase wholesale properties or partner on joint venture projects, look no further. Our team has the experience, know-how, and infrastructure to offer you opportunities in your real estate investment endeavors. No matter if you are looking for a rehab project to work on or you are […]
What are the best real estate lead generation options today? Where and how can real estate agents, investors and other related industry professionals generate more leads for buying, selling and renting properties? What are some of the little known benefits, and pitfalls of common real estate lead generation channels today? Here are 12 ways for real […]
By Alex Tanzi Bloomberg A decade after the recession sparked by the collapse of the housing market, the fortunes of homeowners keep getting better in large swaths of America, but not all. Just 3.5 million homes with mortgages in the U.S. — or about one in 15 — are “seriously underwater” in the third quarter, […]
Californian lawmakers last Wednesday approved a bill that, if it comes into effect, would lead to rents being capped throughout the state. The move has since drawn widespread criticism from real estate industry professionals who worry it could have a negative impact on renters in the long term. The New York Times reports […]
The potential sale of the Bothwell Ranch has galvanized community members to save the property — meanwhile, the groves at CSUN and Orcutt Ranch are keeping the Valley’s orange-growing roots alive. Rows of verdant Valencia and Navel orange trees line the grounds of the Bothwell Ranch estate, a 14-acre parcel of land nestled between the […]
The potential sale of the Bothwell Ranch has galvanized community members to save the property — meanwhile, the groves at CSUN and Orcutt Ranch are keeping the Valley’s orange-growing roots alive. Rows of verdant Valencia and Navel orange trees line the grounds of the Bothwell Ranch estate, a 14-acre parcel of land nestled between the […]
The Federal Reserve cut interest rates for the second time this year in an attempt to cushion the U.S. economy from trade tensions, slowing global growth and low inflation. The U.S. central bank voted Wednesday to reduce its benchmark interest rate by 0.25 percent, or 25 basis points. That’s the second straight reduction, after the Fed […]
You make money when you buy a property. Repeat that out loud: You make your money when you buy a property. The biggest profitability problem landlords have is created by investing in the wrong properties, or overpaying for the right ones.
What are the best real estate lead generation options today? Where and how can real estate agents, investors and other related industry professionals generate more leads for buying, selling and renting properties? What are some of the little known benefits, and pitfalls of common real estate lead generation channels today? Here are 12 ways for real estate […]
The real estate industry caters to independent strategies. For every investor, there is another way to go about conducting business. Some may prefer to utilize the convenience of technology while others want to maintain personal relationships. However, for one reason or another, there remains a void between these two independent strategies. Smart investors will figure […]