Ever since the interest rates dropped in July because of the international paranoia about what the economy was going to do after Great Britain voted to leave the European Union (BREXIT), the interest rates have gone up substantially. 30 year mortgage rates most closely correlates with the ... » Learn More about Mortgage Rates – Up Up and Away
California Real Estate Market at a Glance
If you are in the Los Angeles area, have any questions or real estate sales or financing needs, feel free in contacting me. Ron Henderson GRI, RECS, CIAS President/Broker Multi Real Estate Services, Inc. Gov’t Affairs Chair – California Association of Mortgage ... » Learn More about California Real Estate Market at a Glance
Condo HOA Special Assessments Possible Due to Mandatory Earthquake Retrofitting
Condominiums or townhouses built pre-1978 may require structural modifications to meet the City of Los Angeles mandatory retrofit ordinances. The seismic retrofit ordinance became law February 2016, and requires the retrofit of pre-1978 wood-frame soft-story buildings and non-ductile concrete ... » Learn More about Condo HOA Special Assessments Possible Due to Mandatory Earthquake Retrofitting
Interesting Real Estate and Other Numbers
Interesting Numbers: Housing Prices: The average price of a single family home in the United States peaked in March 2007, bottomed in May 2011, and then rose back above it's March 2007 average high price in November 2015 where it stayed through July 2016. From its May 2011 low, home prices are up ... » Learn More about Interesting Real Estate and Other Numbers
Woodland Hills – The Dead Promenade Being Replaced with New $1.5 Billion Mixed Use Complex
Anybody that's been at the Promenade over the past year knows the mall, aside from the AMC Theater and a few isolated stores, is like a ghost town. Westfield Corp. plans to demolish its struggling Promenade shopping mall in Warner Center and replace it with a massive mixed-use complex with nearly ... » Learn More about Woodland Hills – The Dead Promenade Being Replaced with New $1.5 Billion Mixed Use Complex