Real Estate Blog

Buyers enter bidding wars as seller’s reap the benefits

Real estate market summary for the week of August 8-14, 2020 Last week we saw an increase in the number of property listings and escrows, though the number of closed housing transactions was down 18% compared to the prior week. This downturn was primarily in part to fewer property escrows opened and closed during the …

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Parts of America see huge home equity gains, others languish

By Alex Tanzi Bloomberg A decade after the recession sparked by the collapse of the housing market, the fortunes of homeowners keep getting better in large swaths of America, but not all. Just 3.5 million homes with mortgages in the U.S. — or about one in 15 — are “seriously underwater” in the third quarter, …

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California Realtors Oppose New Rent Control Measures

Californian lawmakers last Wednesday approved a bill that, if it comes into effect, would lead to rents being capped throughout the state.   The move has since drawn widespread criticism from real estate industry professionals who worry it could have a negative impact on renters in the long term.   The New York Times reports …

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San Fernando Valley’s Vanishing Orange Groves

The potential sale of the Bothwell Ranch has galvanized community members to save the property — meanwhile, the groves at CSUN and Orcutt Ranch are keeping the Valley’s orange-growing roots alive. Rows of verdant Valencia and Navel orange trees line the grounds of the Bothwell Ranch estate, a 14-acre parcel of land nestled between the …

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Fed cuts rates by quarter point, split on further reductions

The Federal Reserve cut interest rates for the second time this year in an attempt to cushion the U.S. economy from trade tensions, slowing global growth and low inflation. The U.S. central bank voted Wednesday to reduce its benchmark interest rate by 0.25 percent, or 25 basis points. That’s the second straight reduction, after the Fed …

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How to Avoid Costly Mistakes Landlords Can Make

Successful landlords aren’t cheap, but they are definitely cost-conscious. In other words, they understand that costs add up over time, so they make smart choices to maximize revenue. There’s a time and place for spending money to set yourself up for success. However, there are also ways you can limit your expenses to maximize your …

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Tech v People: Which Real Estate Strategies Will Win?

The real estate industry caters to independent strategies. For every investor, there is another way to go about conducting business. Some may prefer to utilize the convenience of technology while others want to maintain personal relationships. However, for one reason or another, there remains a void between these two independent strategies. Smart investors will figure …

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