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economics

California Q1 2024 Housing Affordability Index

California-Affordability-Stats-Q1-2024

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

Filed Under: Market Updates Tagged With: California Real Estate market, economics, housing affordability

Your Tax Benefits; Understanding How Revocable and Irrevocable Trusts Impact 1031 Exchanges

tax upside the head

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

Filed Under: Regulations and Laws Tagged With: 1301 Exchange, economics, Stepped Up Tax Basis, Trusts

Change in Home Value After 10 Years

Change Home Values 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

Filed Under: Market Updates Tagged With: economics, first time buyers, housing affordability, San Fernando Valley Real Estate Market

Update San Fernando Valley Home Prices 1959-2023

Ave Sales Price Existing Home San Fernando Valley 1959-2023 Linear Chart

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

Filed Under: Market Updates Tagged With: economics, housing affordability, san fernando valley homes, San Fernando Valley Real Estate Market

1st Time Buyer -Shared Appreciation “California Dream For All” Loan; Good, But Not Really For All

Dream-For-All-Shared-Appreciation-1

It’s hit the media, the second round of the government's “Dream For All” in 2024 will be very different than the first round last year. Created in 2022, Dream for All was originally envisioned as a 10-year, $10 billion investment before lawmakers scaled it back last year. In 2023 only $300 ... » Learn More about 1st Time Buyer -Shared Appreciation “California Dream For All” Loan; Good, But Not Really For All

Filed Under: Market Updates, Mortgage Rates, Regulations and Laws Tagged With: California Dream For All, California Real Estate market, Down Payment Assistance, economics, first time buyers, housing affordability, san fernando valley homes

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