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 […]
5 Trends That Defined the 2022 Real Estate Market Housing was on a roller coaster this year, going from a homebuying frenzy to a standstill. These market dynamics will carry into 2023. The real estate market has had a bumpy ride and will continue to be a bit unpredictable sliding into 2023. Read more…Realtor Magazine […]
Global Trends Impacting Real Estate in 2023 Looking ahead to the new year, the annual report from PwC highlights the top factors that will drive changes to real estate. Macro forces of today will result in changes for real estate in 2023-from the sales pace and buyer preferences to city infrastructure and investor demand. Check […]
Where Have Homeowners Built the Most Wealth? According to Bankrate, longtime homeowners have acquired exponential gains in their home value over the past few years. But it’s not just for ultra-luxury homes-many average homeowners have properties worth millions in certain housing markets. Take a look at how have homes earned value, based on data pulled […]
Housing Prices Are Dropping – Yes, A House Is Still A Good Investment If you’re thinking about buying a new home but have reservations in the current market, don’t be deterred-there’s still good reason to start building home equity. From a hedge against inflation to tax benefits, check out all the advantages of buying today. […]
Support The Leukemia & Lymphoma Society Join us on Saturday, September 17th as we host the 2nd annual neighborhood ‘Sip, Snack & Support’ at Margo’s Pizza Kitchen & Bar for an evening of live music, incredible silent auction items, and raffle prizes including gift cards to some of our favorite local restaurants! Margo’s Pizza Kitchen […]
Support The Leukemia & Lymphoma Society Save the Date: Sip, Snack & Support Join us on Saturday, September 17th as we host the 2nd annual neighborhood ‘Sip, Snack & Support’ at Margo’s Pizza Kitchen & Bar for an evening of live music, incredible silent auction items, and raffle prizes including gift cards to some of […]
June 2022 Monthly Housing Market Trends Report The inventory of homes for sale increased again in June, the largest increase in the data’s history. The national inventory of active listings increased by 18.7% over last year, while the total inventory of unsold homes, including pending listings, still declined by 1.4% due to a decline in […]
Mortgage rates rise sharply after three weeks of easing Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News Daily. Volatility in global markets Monday sent bond yields higher. Mortgage rates follow loosely […]
