We recently wrote about the impact of the coronavirus pandemic on the single family home real estate market in Los Angeles. In this article, we summarize the impact of the pandemic on the condo market, and we discuss how and why the pandemic impacted the condo market differently than the single family home market. Supply…
The coronavirus pandemic and lockdowns starting in March of 2020 significantly impacted the Los Angeles real estate market. In this market update, we recap the initial impact of the pandemic, how the market has reacted in the past year, and where we are headed. Supply Drops After Covid And Remains Low We begin our analysis…
Drumroll, please……. open houses are once again permitted in California! With vaccinations on the rise and the number of new Covid-19 cases on the decline, California recently loosened restrictions on many different industries, including the real estate industry. Below, we highlight and explore this recent development that puts the state’s real estate industry one step…
Recently, a reader submitted the following questions to us: With regards to remodeling a home, (1) which rooms/remodel projects have the greatest return on investment, AND (2) how much should a homeowner spend on a remodel? Below we examine these wonderful questions and offer some guidance. “Return on Investment” Return on Investment (“ROI”) is the…
There is no denying that Southern California has been experiencing a “seller’s market” this past year. And if you follow our blog, there is no avoiding hearing about it (most recently, see here and here)! In summary, there are more prospective buyers than there are homes for sale, homes are being sold well over ask…
Through The Magnifying Glass: A Look At California’s Current Residential Real Estate Market (Part II) In last week’s blog post (PART I of our two-part look into the current California residential real estate market), we examined the underlying factors that came together to create the seller’s market of 2020 that has continued into 2021. In…
Through The Magnifying Glass: A Look At California’s Current Residential Real Estate Market (Part I) What Is The Current State Of The Local Real Estate Market? Whether you are actively involved in the current residential real estate market or not, you are probably aware of the current state of affairs – specifically, that homes are…
What does it mean to refinance? Refinancing is the process by which an existing credit agreement (such as a mortgage) is replaced with a new one with different terms. Why refinance? When an individual or business refinances their existing credit agreement, they usually do so to take advantage of more beneficial terms. For example, a…
First time homebuyers, this one is for you! These frequently asked questions and guide will have everything you need to know to be prepared for a successful home buying experience. Let’s first start off with a little FAQ: WHAT DOES “FIRST TIME HOMEBUYER” MEAN? While it appears at first sight that a first time homebuyer…
Los Angeles Real Estate Market Shows Signs Of Returning To “Normal” Seven months into the coronavirus pandemic, the Los Angeles real estate market has shown its resilience as sales activity returns to “normal” and housing prices continue to surge. As buyers and sellers become more accustomed to operating in a post-pandemic world, closed sales, new…
