Millennials will spend 45% of income on rent before age 30

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Anyone living in LA knows how expensive the rents are becoming. With nearly 2% vacancy rates (which is basically nothing) it is becoming increasingly hard for Millennials to get ahead financially.  With that said, the most important phrase I find in this article is this...

" a survey from Zillow shows that while mortgage payments are more affordable on average than monthly rent payments, renters are struggling to buy a home due to perceived down-payment barriers." 

I find this true within my own experiences with clients but I'm also a believer that with the right guidance and information there is always a solution to a hurdle.

Click here for the article

FrogTown: A Creative Haven and Great Place to Live

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ARTICLE LINK

An article in this weeks LA Times showcases a few of the gems in 'Frog Town.' If you don't know about this pocket its actually in the Elysian Valley just North of Silverlake and ever so RAD!

It's an interesting mix of industrial spaces, bars, restaurants, coffeeshops and retail with residential living peppered throughout, that has taken on a harmony, with the perfect balance of cool and grit.

A few of who's there:

Salazar : Mexican Restaurant with really amazing outdoor seating

Dekor Warehouse: An incredible space for home decor

Spoke Bicycle Cafe: A good coffee and cyclist hang out

Kelly Lamb Studios: A local and very celebrated artist and designer

Wax Paper Sandwiches: Possibly the best sandwiches in town

Zebulon: A bar and live music venue for late night shinanagans

One Shot at a First Impression


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When I meet with clients about selling their home there usually is a lengthy discussion about how to get it ready for market and create optimal interest. 

It is one of the most important services I provide my clients and one of the most strategic factors of a successful sale. I really enjoyed this article in "Realtor" that showcases 7 steps to maximize your sale.

Stock Market and Real Estate

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Click here to read the article.

With the recent drop in the stock market... there is new uncertainty about how that will affect mortgage interest rates and housing prices.  Although "interest rate increases" have been hovering like a dark cloud for months this article in "Market Watch" helps to shed some light on what could really be going on and how quickly we can expect significant changes.

Always available for a complimentary real estate market consultation 

~Kat

LA's Neighborhoods and Coffee

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Click here to read the article

One of the the first things people are drawn to about an "up and coming" neighborhood is the local craft coffee shop. Neighborhoods can become instantly "cool" with the right place to grab a cup, people watch, or work on their laptops. 

THRILLIST has compiled a great list of places all around town, and as a coffee fiend myself I've been to many and love them all. 

Love this city... and its coffee!

 

What's In Store for 2018

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With the first month of 2018 nearly at an end, the projections for the next 11 months seem to remain hard to gauge. In Forbes there is a great article that helps to shed some light on things to come. If you’re thinking of buying, selling or renting this might help to clarify how the  future market might impact you.

  1. “The pace of sales will slow in the year-but not for long”
  2. “Inventory will continue to be a drag”
  3. “Price growth will slow... but not stop”
  4. “The rent vs. buy equation could tilt toward renting in costly markets"
  5. “Mortgage rates will hover around 4%”
  6. “Millennial demand for housing will keep climbing”

Click here to read more

Always available for a complimentary consultation -Kat- 

 

5 First-Time Homebuyer Options

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Click to Link to Article

If you think you may not be in the financial position to buy a home one of these programs may make it possible. Curbed LA has done the leg work to help explain some of the great loan options for first time homebuyers.

I'd be happy to offer a complimentary consultation anytime.         -Kat 

Thanksgiving in LA

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Although I love a big turkey meal followed by long afternoon naps our city has some really great things to do over the weekend. Here is a list of some of the events to check out.

CLICK HERE TO LINK TO ARTICLE

Wishing you a very happy thanksgiving!!  

 

Renting vs. Buying

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I posted this article a few years ago, but I think it's an incredible resource for people that may be trying to gauge whether it's better to rent or buy.

Rent prices are continuing to rise in LA and mortgage interest rates - although on the rise - are still relatively low. If you have to pay to live anyway, I'm of the belief it's better to pay into something that is yours.

Click HERE to read the article

Summer is here!!

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We live in an amazing city! CurbedLA has done the research on some great FREE weekly events across the city. Concerts, movies and markets to start off the list. Enjoy the sunshine and the warm summer nights!

Click here for the article

Real Estate Insight

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2017 Hottest New Areas for Real Estate

Especially for First Time Home Buyers or Investors

These neighborhoods are beautiful, interesting and up and coming. Coveted as very affordable in comparison to many other LA neighborhoods and potentially hold a great return on investment. 

Click here to link to article

Taking the first step!

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Buying your first home can certainly feel like a daunting process but its doesn't have to be.

The first thing to do is know where you stand with how much you can borrow.

So many of my clients who recently bought homes are shocked at how easy that process actually is and wonder why they waited.

This article features a breakdown of "Mortgages 101"

Click here to read

2017 + Real Estate

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As the appropriate time frame to say "Happy New Year" comes to an end, it's time to look forward! This article talks about what people thinking about engaging in the real estate market should expect in 2017. 

Click here to read the article

 

Great LA Shopping for the Holidays

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LA is known for its great designers and artisans!

Last week Curbed Los Angeles posted an article about some of the best places to shop in LA.

For the "Holidays" or any other time of the year.. for gifts or for yourself, they are all worth checking out!

 

Article Here