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
California Real Estate Market at a Glance March 2021
The most note worthy elements of the California March 2021 housing statistics are the Median price is up 24% year over year, the unsold inventory is down 40% compared to last year and the median time on the market is only 8 days. No doubt the property values will continue to appreciate at a high ... » Learn More about California Real Estate Market at a Glance March 2021
How Much Income Does It Take To Buy A Median Priced Home In The San Fernando Valley?
Even though the interest rates are attractive, the appreciating property values continue pushing higher the income needed to qualify for the purchase using a standard 80% loan to value 30 year fixed loan. Make note, the median priced home in the San Fernando Valley is now over $900,000 ! If ... » Learn More about How Much Income Does It Take To Buy A Median Priced Home In The San Fernando Valley?
Los Angeles Real Estate Report Card March 2021
Broken record... The Los Angeles property values continue to appreciate with an imbalance between the quantity of available inventory and the motivated buyer base. This report card reflects a substantially lower year over year inventory, an inadequate amount of housing construction to keep up with ... » Learn More about Los Angeles Real Estate Report Card March 2021
New Listing – West Hills Entertainer’s Home with Stunning Design and Craftsmanship
View 3D Tour - Single story West Hills 4 Bedroom 2 bath entertainers home located only minutes to the Valley’s economic hub Warner Center. The open floorplan sports stunning design and craftsmanship throughout. The large corner lot accommodates great curb appeal and a backyard where beautiful ... » Learn More about New Listing – West Hills Entertainer’s Home with Stunning Design and Craftsmanship