It Ain’t Over ‘Til It’s Over – When a Home Falls Out of Escrow
The home buying or selling process can be an exhilarating time! It can also be full of emotions with plenty of ups and downs along the way. While most transactions typically work out in the end, there are times when a home might fall out of escrow. It is important for both buyers and sellers […]
Women Homeowners salute RBG
Would you believe, if it weren’t for Ruth Bader Ginsburg, women might not be able to commit to a mortgage without a male cosigner? Her legacy leaves a lasting impact on women, and on the housing market. Last year, 17% of first-time home buyers and 18% of repeat home buyers were single women. In my […]
Will Election Jitters Affect the Housing Market?
A global pandemic, historic unemployment, and civil & social unrest have all challenged the way we live. The real estate market seems to be one of the only things that have been unaffected. According to a study conducted by the National Association of Realtors (NAR), new forecasts predict there may be more homes purchased this […]
Should You Refinance Your Mortgage?
Mortgage interest rates have been below 3% for several months now, giving buyers more purchasing power and helping them to offset the increase in housing prices. Buyers aren’t the only ones who should take advantage of these rates. If you can reduce your current interest rate by .05% or more, you’d be wise to consider […]
Design in the time of Corona
The Coronavirus Pandemic will likely change the way we think about spreading germs for a long time to come. Stocking up on Clorox wipes and hand-sanitizer isn’t the only way to keep your home as clean as possible. There are a number of antibacterial materials you can incorporate into your home design that are both […]
Honey, We’re Home (All. The. Time.)
The housing market is going strong in Los Angeles. Buyer activity is high, and interest rates are low. Inventory is still tight, so home sellers are still able to command strong prices. Homebuyers need to shop differently due to the pandemic, and what they’re looking for has shifted a bit. According to consultants at Caliber […]
You CAN Sell or Buy a Home During the Covid-19 Pandemic*
*You just need to go about it differently. May escrow closings were the lowest they’ve been since the great recession, but pending sales have recently increased by 67% in California. Part of that is due to the fact that it was illegal to show property in person from mid-March through mid-April, and most escrows last […]
Coronavirus & the Spring Los Angeles Housing Market
The question I am asked over and over again by my clients is: will there be a crash? I believe the answer is no. My opinion is that as restrictions start to ease, some sellers who were on the sidelines will re-enter the market. And some buyers who were poised to purchase earlier in the […]
Should You Take a Forbearance?
There is a lot of talk about the Coronavirus Aid, Relief, and Economic Security (CARES) Act and the different ways in which it can help homeowners. You’ve probably heard about mortgage companies offering a Forbearance, or a pause button on paying your mortgage. Before you take this option, it is important to dive into what, […]
If Prices Keep Going Up, How Has Affordability Increased?
The average sale price of a home in Los Angeles was $760K in January, up 9.5% since last year. The average sale price per square foot in Los Angeles is $475, up 3.7% since last year. Yet housing affordability in Los Angeles has increased. A full 4% more Angelenos could afford to purchase $607,040 median-priced […]