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…
Covid And Its Impact On The Los Angeles Real Estate Market – August Update Now well-into the fifth month of the covid pandemic, the Los Angeles real estate market is showing signs of returning back to normal. Closed sales are at approximately the same level as one would expect in normal circumstances during this time…
Coronavirus And Its Impact On The Los Angeles Real Estate Market – July Update With the coronavirus panedmic continuing to persist in Los Angeles, the real estate market continues to be significantly hampered in comparison to prior years. As we discussed last month, closed sales and median sale price declined in May, while new listings…
Coronavirus And Its Impact On The Los Angeles Real Estate Market – June Update Over the last two months we have kept a close eye on how the coronavirus and “stay at home” orders are impacting the Los Angeles real estate market. Based on the trend of unusually low new listings in the past two…
