The Los Angeles City Council in late January 2023 just passed an expansion of the Rent Stabilization Ordinance. This modification is applicable only to the rental properties in LA City not LA County. LA County extended the County’s COVID-19 Tenant Protections Resolution (formerly the LA County ... » Learn More about The Unintended Consequences of Recent Rent Control Changes in Los Angeles
Down Payment and Closing Cost Assistance To Purchase a Home
Regardless of other financial vehicles, we all know owning real estate is the primary way to accumulate wealth and financial security. Especially with the high cost of rent, it’s hard for a first-time buyer to collect the funds to purchase. There are numerous (400+) programs from California or local ... » Learn More about Down Payment and Closing Cost Assistance To Purchase a Home
Los Angeles County Real Estate Report Card November 2022
If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free in contacting me Ron Henderson GRI, SRES, SFR, RECS, CIASPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about Los Angeles County Real Estate Report Card November 2022
Mortgage Rates Fall Back to Multi Month Lows
The 30 year fixed mortgage rates have been steadily dropping and are a full percent lower than a month ago. 6.3% may not be 3% like we saw a year ago, but much better than the 7.5% seen in early November. We know the Federal Reserve will increase the Fed Funds Rate again next week. Their battle ... » Learn More about Mortgage Rates Fall Back to Multi Month Lows
Conforming Loan Limits Higher For 2023
Some lenders were recently funding loans higher than the actual 2022 loan limits, with all indications that the loan limits would be higher for 2023. The true loan limits have now been released. The Federal Housing Finance Agency (FHFA) announced the conforming loan limit values (CLLs) for ... » Learn More about Conforming Loan Limits Higher For 2023