Supply and Demand is a basic economic fundamental. We all know in the present real estate market any well-priced listing in the Los Angeles region, in all price ranges, will have multiple offers to purchase it. Without getting into the causes of the market issues during the Great Recession in ... » Learn More about Comparing San Fernando Valley Active Housing Inventory 2007 vs 2021
Regulations and Laws
Intergenerational Transfers Under Proposition 19
Proposition 19 had 2 primary components to it. 1) Property Tax Portability for property overs over 55 years old 2) Intergenerational Transfers of properties. I recently was in a meeting with the Los Angeles County Assessor Jeffrey Prang, and he basically conveyed they were not prepared for the ... » Learn More about Intergenerational Transfers Under Proposition 19
Prop 19 Benefits – 55+ Property Tax Savings
This is a graphical breakdown of the beneficial elements of the property tax portability for California property owners over 55 years old. The benefit is also applicable to owners with Sever Disabilities, or victims of Wildfire and Natural Disasters. Homeowners who are 55 or over, severely ... » Learn More about Prop 19 Benefits – 55+ Property Tax Savings
Seniors Real Estate Specialist National Designation
I just added another national designation to my Realtor specialized credentials. The SRES (Seniors Real Estate Specialist) has now been added to my GRI (Graduate Realtor Institute), CIAS (Certified Investor Agent Specialist), RECS (Real Estate Cyberspace Specialist), SFR (Short Sales and Foreclosure ... » Learn More about Seniors Real Estate Specialist National Designation
Big Changes and Flexibility On Mortgage Qualifying Coming
The Consumer Financial Protection Bureau (CFPB) just issued final rules related to the Ability to Repay portion of Qualified Mortgage (QM). This will allow for some compensating factors for qualifying for a Freddie or Fannie loan, instead of the 43% Debt to Income (DTI) ratio. This change from ... » Learn More about Big Changes and Flexibility On Mortgage Qualifying Coming