When mortgage rates were forced artificially low during the COVID period, I had to have serious conversations with clients on if they should pull extra cash out with a refinance if they’ll have an economic need for that money in the future. This was because they weren’t going to be awarded that low ... » Learn More about Weighing the Options: Is Paying More on Your Mortgage Right for You?
economics
California Q1 2024 Housing Affordability Index
If you are in the Los Angeles area, and have any questions or real estate sales or financing needs, feel free to contact me Ron Henderson GRI, SRES, SFR, RECS, CIAS, CREN, GREENPresident/BrokerMulti Real Estate Services, Inc.Gov’t Affairs Chair – California Association of Mortgage Professionals ... » Learn More about California Q1 2024 Housing Affordability Index
Your Tax Benefits; Understanding How Revocable and Irrevocable Trusts Impact 1031 Exchanges
The main difference between a revocable trust and an irrevocable trust is the degree of control that the person creating the trust (the "grantor") has over the assets in the trust. A revocable trust, also known as a living trust, is a trust that can be modified, amended, or terminated by the grantor ... » Learn More about Your Tax Benefits; Understanding How Revocable and Irrevocable Trusts Impact 1031 Exchanges
Change in Home Value After 10 Years
Talk about a winning record! Buying a home and holding it for 10 years has earned a profit every year except one since 1942. Just look at those returns, too! Housing builds significant, long-term wealth. Ron Henderson GRI, SRES, SFR, RECS, CIAS, GREENPresident/BrokerMulti Real Estate Services, ... » Learn More about Change in Home Value After 10 Years
Update San Fernando Valley Home Prices 1959-2023
The end of 2023 saw the real estate residential home values in the San Fernando Valley (Los Angeles) reflect an aggregate average sales price of $875,000, 4% higher than the end of 2022. That doesn’t give the full story of the year though. Most of 2023 was in the throws of interest rate increases ... » Learn More about Update San Fernando Valley Home Prices 1959-2023