After two months of losses, home sales rebounded in June. According to the California Association of Realtors, California home sales set a record high in June. 339,910 homes sold in June which is up 42.4 percent from May and down 12.8 percent from June 2019. The median...
The 50 year fixed mortgage rates dropped below 3% this week. it's lowest level in 50 years. These historic low rates are 2.98% It's the first time the rates have fallen below 3% since Freddie Mac started tracking them in 1971. Freddie Mac's chief economist, Sam Khaler,...
Since the pandemic happened before Memorial Day, owners are cashing in and renting out their vacation homes. There is an explosion of people looking to rent a luxury property this summer. Summer homes that feel like a resort in places like Malibu and Laguna Beach are...
According to the California Association of Realtors, the economy and the housing market continue to show signs of improvement especially buyer's demand to purchase housing. Mortgage applications and showing appointments for homes continue to increase. Despite the social unrest and coronavirus pandemic, the low interest rates have...
Yesterday, The Fairfax district, Beverly Hills, Santa Monica, and Long Beach businesses were burglarized by lotters. COVID-19 has already taken a tremendous toll on them. Now, in order to recover, these businesses are relying on their insurance companies. Unfortunately, this will depend on their policies. Sean Witherspoon, owner...
Last week, Senate Pro Tem Toni Atkins announced a housing production bill package which is supported by the California Association of Realtors. According to C.A.R. President Jeanne Radsick =,"We have known for years that there is a tremendous need to get serious on housing supply if...
According to the California Association of Realtors, these are the Top 10 potential impacts on the housing market due to the Coronavirus. !) growth is expected to be slower but the economy result expected to grow. 2) Interest rates may even fall further due to the outbreak. 3)...
Being grateful is the most powerful way to boost the psychological immune system especially during the uncertainty created by the Coronavirus. Elizabeth Bernstein, a writer for the Wall Street Journal, has written a very poignant article on the benefits of gratitude to one's mental health. In her...
3 sales occurred in Hidden Hills in the last 60 days 1) 24833 jacob Hamblin Road sold on 3/17/20 for $3,325,000 5 bd 7b ba7245 sqft 2000 year built 48,608 sqft lot 2) 5330 Jed Smith Road sold on 4/1/20 for$6,250,000 5 bd 7ba 8000 sqft 1961...
California's Insurance Commissioner Ricardo Lara ordered Insurance Companies to refund premiums to Drivers and the Businesses affected by the COVID-19 Pandemic. The order covers premiums paid for the months of March, April, and including May if shelter in place restrictions remain. This includes private passenger automobiles,...