Guest House, Granny Flat, Accessory Dwelling Unit... whatever you want to call it, I've been an advocate for decades for allowing property owners in Los Angeles to easily build additional units on their property to help take pressure off the local housing shortage. Sacramento got the clue recently ... » Learn More about Building Guest Houses in Los Angeles to Help Ease Housing Shortage
Fed Rate Up Another 1/4%, But Mortgage Rates Drop
As expected, the Federal Reserve increased their overnight Fed Funds rate 25 basis points to .75-1.0%. Fed Chair Janet Yellen reiterated the Fed's position that the economy continues to grow at a moderate pace, meeting the inflation and employment targets, and the scheduled three rate increases for ... » Learn More about Fed Rate Up Another 1/4%, But Mortgage Rates Drop
California Real Estate Market at a Glance
The California real estate market is staying solid. Primary issue remains inventory of available property for sale. Mortgage rates are marginally higher than last month, but are still at the low end of historical levels. If you are in the Los Angeles area, have any questions or real estate sales ... » Learn More about California Real Estate Market at a Glance
Fed Will Move Rate Higher Sooner, Rather Than Later
Federal Reserve Chair Janet Yellen capped a week of rising expectations about an imminent interest rate increase by explicitly supporting a hike in mid-March if U.S. economic progress persists. There would have to be a major disruption with an economic report, or politically, over the next week, for ... » Learn More about Fed Will Move Rate Higher Sooner, Rather Than Later
No on Los Angeles Measure S Makes Sense
Los Angeles Measure “S” is on the ballot Tuesday. The measure would impose a two year limited construction moratorium on projects requiring General Plan amendments, and other prohibitions. A few weeks ago I went to a town hall meeting with speakers from both sides of the measure. Being a real ... » Learn More about No on Los Angeles Measure S Makes Sense