Gearing up to kick start the summer.. Sure you can always hit the beach but here are a list of some of the really fun things to do in LA next month from concerts to wine festivals there is something for everyone.
It makes total sense! We are fortunate to have sunshine nearly all year round so California just passed a new law mandating all new homes built after 2020 have to have solar panels
Right now, about one in five new homes in California comes with solar panels already installed. In two years, it will be all of them. This may affect the housing market in the short term but becoming more proactive about our renewable energy source has a undisputable greater long term advantage.
Curbed LA has a great article with some of the most significant fun historical facts about this amazing city we call home.
Some of them I knew.. how the the Hollywood sign used to read Hollywoodland as a way to advertise housing in Beachwood Canyon, but some I had no idea about like "the street car consipercy" and the "dark history of Dodgers Stadium.
Pretty interesting stuff!!
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.
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:
“Home-price growth has been the primary driver of home-equity wealth creation,” said Dr. Frank Nothaft, chief economist for CoreLogic. The highest increase was in California where homeowners gained an average of $44,000 of equity in one year. This is wealth that can build up year after year and each year the money that would be spent in rent is translated into homeownership and can increase this number even more on an individual level.
CoreLogic is a leading global property information, analytics and data-enabled solutions provider, that just released the Home Equity Report for the fourth quarter of 2017, which shows that U.S. homeowners with mortgages have seen their equity increase 12.2% year over year, representing a gain of $908.4 billion since the fourth quarter of 2016.
It may not be feasible or the right time to buy the home you want to live in but I believe that if you can buy something you should... just to get into the market and use that equity to leverage and grow your wealth.
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.
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
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!
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.
- “The pace of sales will slow in the year-but not for long”
- “Inventory will continue to be a drag”
- “Price growth will slow... but not stop”
- “The rent vs. buy equation could tilt toward renting in costly markets"
- “Mortgage rates will hover around 4%”
- “Millennial demand for housing will keep climbing”
Always available for a complimentary consultation -Kat-
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
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.
Wishing you a very happy thanksgiving!!
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.
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!
In such a big city it's hard to find the perfect pieces to update your pad...
Curbed LA has done the leg work to find the best places to shop and find those gems to freshen up your home!
If home improvement is on the brain and making your house a little sharper is at the top of your spending priorities, this article has some great and affordable home improvement tips!
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.
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"