Home prices rise for seventh consecutive month, per Case-Shiller Index After steadily declining for seven consecutive months, housing prices have now increased for the same amount of time – seven months, according to a new report. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released October 31, reports that home-price growth rose in August […]
More Unmarried Couples Are Buying Homes Together…What to Know Before You Do. More couples are becoming homeowners before tying the knot. Unmarried couples make up 18% of all first-time homebuyers, up from just 4% in 1985, according to a 2022 report by the National Association of Realtors… Courtesy of CNBC LAST CHANCE TO BUY TICKETS! […]
Here’s How Gen Z Can Become Home Owners “My parents were in their 20s when they bought their first home. It was the 1950s, Midcentury Modern, (my mother’s favorite furniture style) was just modern, and the house, a Dutch colonial in Brooklyn with four bedrooms, one full bath and two half baths, cost them about […]
The Mansion Tax Effect: Luxury Home Sales Stall in Los Angeles L.A.’s ULA Measure, which raises money for affordable housing by adding a 4 percent transfer tax to home sales above $5 million, has “chilled” the market: “People started pulling their listings.” In early 2023, L.A.’s luxury real estate market experienced a boom as deals were closed […]
California Housing Market The California real estate market is one of the most expensive in the U.S. that’s adjusting to higher mortgage rates and rising inflation. However, the Golden State housing market remains healthy in its various regions, including the tech-savvy Bay Area and multi-faceted Southern California. California Housing Market Trends Home prices vary across […]
Is the housing market going to crash? What experts say about the possibility in 2023. There is little debate that the U.S. housing market is cooling down after home values rose at a frenzied pace during the pandemic. For the first time in 131 months, home prices fell year-over-year in February, ending the longest price […]
Jokes About Millennial Homeowners Can Stop Now “In what is being described as a historic shift, the millennial generation is now made up of more homeowners than renters, according to new data released by RentCafe. After years of being known as the “renter generation,” millennials tipped the scale, largely due to the 7 million people […]
Housing Inventory Recovery continues at a Breakneck Speed, giving Buyers More Choices “In a market with conditions that don’t particularly favor buyers or sellers, both will likely have to make compromises to make a deal happen. As mortgage rates continue to fluctuate and increase the cost of buying a home, it’s important for sellers to […]
Measure GS (Mansion Tax) MARCH 1, 2023 AND AFTER Per Measure GS, approved by Santa Monica voters on November 8, 2022, beginning March 1, 2023, a third tier was added to the City Documentary Transfer Tax. The FIRST TIER RATE will remain unchanged at $3.00 per $1,000 value for sales and transfers under $5 million. […]
2023 Outlook: The Impact of Interest Rate Hikes on the Real Estate Market In July 2022, we wrote an alert describing the impact of rising interest rates on the real estate market. There were initial and embryonic signs of a slowdown. Now, we have collected data and surveyed clients and members of our Real Estate […]
