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Rent control in Los Angeles is confusing people; especially with an ongoing state of emergency gripping the city. We witnessed this first hand when we attended the Los Angeles Housing Department’s (LAHD) Wednesday, August 24th webinar. The meeting was primarily packed with landlords as baffled as they were angry. Despite his succinct responses, host Agassi Topchian, a member of the Rent S...
If you’re looking forward to home prices dropping in the near future, you may want to read this. Our CEO, founder, and principal broker Harout Keuroghlian recently made clear his belief that we’re not going to be seeing home prices reduced by much, if any, in the foreseeable future. And when Harout has a “belief”, you can count on it being more of an educated guess. ...
Credit to JohnHart Real Estate, by Seth Styles After last month’s dramatic (at least at first glance) absorption rates, February’s numbers seemed to move things back to a state of normalcy. Admittedly, “normal” for the Los Angeles housing market would still give a mechanical bull a run for its money. But our agents have learned to ride those bucks and dips wi...
Credit to: Guaranteed Rate By Craig Wales on 4/21/2023 In a seller’s market, when demand is high and inventory is low, buyers often have to go above and beyond to make sure their offer stands out from the competition. That, unfortunately, is increasingly becoming the case as of late. According to a Redfin survey in January, over 56% of buyers are facing bidding wars ...
Credit to: Seth Style, JohnHart Real Estate It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way o...
Hope you’ve been well! I wanted to write and share with you some exciting news that you likely aren’t seeing in the headlines. You’ve no doubt heard a lot of talk about a housing market crash on the horizon to rival the events of 2008. It’s all over the news. But it’s also not exactly the story… in fact, it’s not even close. There wil...
Credit to: CalHFA “Dream for All” Loan is Back by JON HEALEY When the CalHFA offered no-interest, no-monthly-payment loans in the spring to help lower-income residents come up with a down payment and fees to buy their first home, the entire budget of nearly $300 million was gobbled up in only 11 days. During the state budget ne...
