Author Archives: Kim Johnson

Millions of Americans are now ‘rent-burdened’ for the first time ever — in these 3 states, you can expect to spend over 30% of your income on rent. Here’s how to get a handle on housing costs

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 […]

U.S. Foreclosure Activity Declines Monthly In February 2023 But Continues To Increase Annually

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 Fed Just Raised Interest Rates Again—Here’s Why That’s Bad News for Both Homebuyers and Sellers

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%, […]

Understanding The Tax Laws and Regulations is Crucial for Real Estate Investors

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 […]

Sellers Retreat From the Market, Increasing Inventory Shortage and Buoying Home Prices; Affordability Takes Step Back on Rising Interest Rates

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 […]

Open House on Saturday, March 11, 12 Noon to 3pm

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 […]

NAR Engaged on Rental Housing Issues

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 in Quartz Hill!!

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! Facebook Share Linked In Share