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…
Google To Take Over Almost 600k Square Feet At Westside Pavilion In a bid to increase its presence in Southern California, Google recently signed a 14-year lease to occupy 584,000 square feet at the new development called One Westside, formerly home to the Westside Pavilion shopping mall. The move comes after leasing 100,000 square feet…
Dine LA Restaurant Week 2019 Between January 11 and 25, Dine LA will provide diners all over LA will the opportunity to experience discounted prix fixe menus at some of LA’s finest restaurants. This bi-annual event has been massively successful over the past 11 years, exposing consumers to new restaurants and restaurants to new consumers. What…
Neverland Ranch Listed For $67 Million Neverland Ranch, formerly owned by Michael Jackson, was listed yesterday for $67 million. The listing represents a significant price reduction from when it was last listed in 2015 for $100 million. The property was famously purchased by Michael Jackson in 1988. He opened it as Neverland Ranch in 1994,…
