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Home Prices: What Happened in 2020? What Will Happen This Year?

The real estate market was on fire during the second half of 2020. Buyer demand was way up, and the supply of homes available for sale hit record lows. The price of anything is determined by the...

 

Knowledge Is Power on the Path to Homeownership

Homeownership is on the goal list for many young adults, but sometimes it's hard to know exactly how to get there. From understanding the homebuying process to pre-approval and down payment...

 

Two Big Myths in the Homebuying Process

The 2020 Millennial Home Buyer Report shows how this generation is not really any different from previous ones when it comes to homeownership goals: "The majority of millennials not only want to own...

 

Home Sales And Prices Climb 13% In January

Low mortgage rates and a desire for more space amid COVID-19 pandemic fuels Southern California's housing surge. In January home prices and sales jumped double digits in Southern California as...

 

What Are the Benefits of a 20% Down Payment?

If you're thinking of buying a home this year, you may be wondering how much money you need to come up with for your down payment. Many people may think it's 20% of the loan to secure a mortgage....

 

Will Low Mortgage Rates Continue Through 2021?

With mortgage interest rates hitting record lows so many times recently, some are wondering if we'll see low rates continue throughout 2021, or if they'll start to rise. Recently, Freddie Mac...

 

The Reason Mortgage Rates Are Projected to Increase and What It Means for You

We're currently experiencing historically low mortgage rates. Over the last fifty years, the average on a Freddie Mac 30-year fixed-rate mortgage has been 7.76%. Today, that rate is 2.81%. Flocks of...

 

3 Reasons We're Definitely Not in a Housing Bubble

Home values appreciated by about ten percent in 2020, and they're forecast to appreciate by about five percent this year. This has some voicing concern that we may be in another housing bubble like...

 

What Experts Are Saying about the 2021 Job Market

Earlier this month, the Bureau of Labor Statistics (BLS) released their most recent Jobs Report. The report revealed that the economy lost 140,000 jobs in December. That's a devastating number and dra...

 

Do I Really Need a 20 Percent Down Payment to Buy a Home?

Is the idea of saving for a down payment holding you back from buying a home right now? You may be eager to take advantage of today's low mortgage rates, but the thought of needing a large down...

 

Why Pay Rent? Federal, State and Local Moratoriums Protect Tenants from Eviction for Non Payment of Rent

The City of Santa Monica has extended its emergency order preventing residential and commercial tenants from being evicted for nonpayment of rent, to March 31, 2021. Which begs the question, why pay...

 

Jet Set Rent Hotel Rooms in Santa Monica That Used to be Rent Controlled Apartments. Waiting Out Covid-19 in Style

What do you do if you're say, Saudi Royal Family and you get stuck in LA's Covid Lockdowns? You check into the Oceana Hotel is on Ocean Avenue just south of Montana Ave, and stay for a couple months....

 

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