The recent Federal Reserve statements convey that the high inflation being realized presently may more lasting, and not be as transitory as originally predicted. Now they’re expecting to raise rates sooner than previously perceived. There’s a lot of Fed banter now about starting with the scaling ... » Learn More about Federal Reserve Acknowledges Inflation and Rates to Go Up Sooner Than Originally Planned
Regulations and Laws
Is Your Condo HOA Doing the Required Balcony Inspections and Have Adequate Reserves to Correct Issues Discovered?
As we hear about the high-rise condominium building collapsing in Florida and balconies collapsing during parties in Malibu, the structural integrity of construction is in the news and the forefront of new government laws and building codes. In August 2019 California passed SB 326 that went into ... » Learn More about Is Your Condo HOA Doing the Required Balcony Inspections and Have Adequate Reserves to Correct Issues Discovered?
Supreme Court Decision Will Affect Freddie Mac and Fannie Mae Mortgages Underwriting and Fees
The US Supreme Court decided that the leadership structure of the Federal Housing Finance Agency (FHFA) violates the Constitution and the separation of powers. That gave President Biden authority to remove the agency’s head at will. Just hours after the court’s decision, the White House fired ... » Learn More about Supreme Court Decision Will Affect Freddie Mac and Fannie Mae Mortgages Underwriting and Fees
Comparing San Fernando Valley Active Housing Inventory 2007 vs 2021
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
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