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After last month’s dramatic (at least at first glance) absorption rates, February’s numbers seemed to move things back to a state of normalcy. Admittedly, “normal” for the Los Angeles housing market would still give a mechanical bull a run for its money. But our agents have learned to ride those bucks and dips without spilling a drop of their coffee. Though it was a much...
The Dream For All Shared Appreciation Loan is a down payment assistance program for first-time homebuyers to be used in conjunction with the Dream For All Conventional first mortgage for down payment and/or closing costs. Upon sale or transfer of the home, the homebuyer repays the original down payment loan, plus a share of the appreciation in the value of the home. Ca...
The spring season appears to be warming up in housing as more and more buyers enter the market. And after rising mortgage rates sidelined so many buyers last year, that’s a good sign for sellers. Realtor.com has the latest: “Spring is officially here, and like green shoots emerging from the bleak winter, new data suggests that more buyers are ...
By now, 8 months into publicly releasing our absorption rate data, we’ve become pretty accustomed to the Greater Los Angeles area favoring the seller. But this is the first time we’ve seen every neighborhood we monitor move deeper into a seller’s market. So, if you’ve been thinking about selling your home, now might be a great time to stop thinking and start&nb...
Owning a home means having a place that’s solely your own and provides the space, features, and location you and your loved ones need. But what happens when your needs change? If this hits home for you, it may be time to make a move. According to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR), the a...
Several weeks ago, some of you received an email from your JohnHart agent about a promising new housing loans initiative. Dubbed the California Dream For All Shared Appreciation Loan, it sought to level the playing field for disadvantaged Californians with aspirations of homeownership. Yet, less than two weeks later, the program has already dispersed all of its funding. And the beneficiaries of...
Living in the entertainment capital of the planet, we have our fair share of mansions in LA. And we mean mansions by every definition. Obviously, the word “mansion” more or less means something. But the details change slightly depending on who you ask. So what makes a house a mansion? Here’s the clearest answer possible… Why Agents Don’t Like to Use t...
At the turn of the millennium, a gameshow started to dominate pop culture in the U.S. due to its lofty promises of wild riches. Today, Who Wants to Be a Millionaire could easily be retitled Who Wants to Own a Home in Los Angeles. Sure, it’s not as catchy. But it pretty much equates to the same thing. The Los Angeles Times summed it up as much in their recent ...
The current real estate market has left many of us pondering why we see such a shortage of homes for sale. If you've ever wondered why homeowners aren’t putting their properties on the market, or if you're contemplating whether now is the right time to sell, this information is for you. Reasons Sellers Hesitate: Fear of Not Finding a Replacement Home: ...
It’s a great time in California to own an ADU. Last year, our government made it easier than ever to build authorized accessory dwelling units (ADUs). But now, thanks to Assemblyman Phil Ting’s (D-San Francisco) recently drafted Assembly Bill 1033, it’s becoming just as easy to sell these units as ADU homes the way one would sell a condo. It’s a big step toward solv...