I usually only blog original content but I'm snagging some information conveyed by my friend Laine Caspi - Insurance Agent/Agency Owner at Paratus Insurance Services that's relevant to the insurance issues in California. There's banter about the insurance companies being greedy, but what we do ... » Learn More about Insurance In California, The Mess Explained
Rate Rollercoaster: Insights into the Last 10 Years of Mortgage Rates
What a past decade... Society and interest rates have been on a roller coaster. The primary gyrations were caused by a pandemic, the economic effects, and the Federal Reserve's reactions. Back in the 2013-2019 period, we were in a generally "normal" economic environment, having come out of the ... » Learn More about Rate Rollercoaster: Insights into the Last 10 Years of Mortgage Rates
Revamped Mortgage Pricing: Favoring Risky Borrowers, Penalizing the Creditworthy
When the 'Ability To Repay' portion of the Dodd Frank regulations was written, the focus was to ensure the solidity of mortgages and the secondary mortgage market, and to provide loans to qualified borrowers. The current political emphasis is on reducing costs and lowering rates for borrowers with ... » Learn More about Revamped Mortgage Pricing: Favoring Risky Borrowers, Penalizing the Creditworthy
From Enforcement to Equality: Reassessing Crime-Free Housing Policies in Light of Racial Disparity
Because of crime levels rising through the years, some cities, including Los Angeles, enacted “Crime-Free Housing” Policies requiring landlords to evict tenants accused of breaking the law. In many ways, the policy turned the Housing Providers into a quasi police force, where they couldn’t turn a ... » Learn More about From Enforcement to Equality: Reassessing Crime-Free Housing Policies in Light of Racial Disparity
San Fernando Valley Real Estate Snapshot March 2023
The San Fernando Valley housing market reflects the following elements: Low inventory - primarily caused by property owners hesitant to sell a property with low mortgage rates, in a higher rate environment Quantity of sales higher - Seasonal increase, and mortgage rates stabilized Sales ... » Learn More about San Fernando Valley Real Estate Snapshot March 2023