Esquire Real Estate Brokerage’s 2020 Real Estate Predictions Let’s get this question out of the way – will 2020 be the year that the real estate “bubble” finally bursts? Probably not. But as homes become more and more expensive, and interest rates begin to rebound after last year’s cuts, we expect a more stable market…
Most Expensive Zip Codes Of 2019 – Los Angeles County Claims 21 Of Top 125 A recent study of the most expensive zip codes of 2019 has once again cemented Los Angeles County as one of the most expensive places to live in the country. Los Angeles County claimed 21 of the top 125 most…
Supreme Court Ruling Allows Homeless To Sleep On Public Streets Today, the United States Supreme Court refused to review a 9th Circuit ruling that held a city is not permitted to criminally prosecute homeless persons for sleeping outside on public property, including sidewalks, parks, benches, etc. The 9th Circuit’s ruling was largely based on the…
Declining Interest Rates Likely To Spur Refinances And Home Purchases Last week, the Federal Reserve cut the target interest rate for the second time this year. This will most likely result in the continuing decline in mortgage interest rates. Home buyers will welcome the news of lower interest rates, which in turn equate to lower…
Los Angeles Real Estate Prices Continue Record Breaking Climb The Los Angeles real estate market has continued its surge in prices, despite general concerns about the economy’s overall health. Los Angeles County’s median sale price rose to $635,000.00 in July, a 2.8% increase from the preceding month and a 5% jump since July of 2018. …
Homeowner Exacts Emoji Revenge On Snitching Neighbor A Manhattan Beach homeowner is in no mood to tolerate snitching neighbors, after being fined $4,000 by the city for violating its restriction against short-term rentals. The homeowner has expressed her contempt for her nosey neighbors by painting her home pink and topping it off with two emojis. …
Fed Cuts Target Interest Rate For First Time Since 2008 For the first time since the last economic recession and housing bubble burst, over a decade ago, the Federal Reserve has cut the target interest rate in a move to stimulate the economy. The Fed lowered the rate by a quarter point, down to a…
New Los Angeles Airbnb Regulations Will Limit Short-Term Rentals On July 1, 2019, new regulations governing Los Angeles Airbnb properties officially went into effect. The regulations were put into place by an ordinance that was adopted by the Los Angeles City Council in December of 2018. The new regulations are anticipated to have a significant…
Metro Purple Line Extension Coming Soon(ish) As metro continues to work tirelessly to expand the existing railway system in Los Angeles, the much anticipated Metro Purple Line Extension is underway with a final expected completion date in 2035. The current Purple Line (pictured below) connects downtown to the Wishire/Western intersection. The extension, pictured above, will…
California Senate Bill 50 Proposed To Increase Housing Supply In December of 2018, California Senator and Democrat Scott Wiener from San Francisco proposed California Senate Bill 50, which is designed to increase housing supply surrounding public transit throughout California. The bill faces opposition from numerous cities and organizations, including the Los Angeles City Council, for…
