JANUARY CALENDAR

by Jodi Summers As those in the real estate industry know, home prices fall in the cold, dark days of winter as buyers pay off the holiday spending spree, and stay warm watching football playoffs. According to sales data analysis of the Toronto housing market by TheRedPin.com realty service, home prices averaged $22,338 less in […]

LED lightbulb

edited by Jodi Summers Americans’ energy-conservation efforts -from switching bulbs to upgrading washing machines and air conditioners – have done more to reduce carbon emissions than the increased use of solar, wind and natural gas. Wait, this gets easier folks…metrics pouring in from utility and power grid managers in the U.S. are concluding that the […]

fha_1934

by Jodi Summers The U.S. homeownership rate reached a national high of 69.2% in the fourth quarter of 2004 and was as high as 68.2% in 2Q 2007 before beginning its decline. According to the Census Bureau, the rate is currently sitting around 64.4% – its lowest level since 1995. It has fallen in four […]

fhaloans

by Jodi Summers Millennials and home ownership. Those terms have been non-sequiturs for a while…but all that is changing. Currently, 67% of all Millennials say they can’t afford to buy. According to a U.S. Bureau of Labor Study, 90% of Millennials moved out of family home between age 19 and 27. 54.6% moved back in […]

Pico-Branch-parkside

by Jodi Summers Up until recently, the Pico neighborhood was considered the bastard stepchild of Santa Monica communities. Back in the early days of the City, the neighborhood was Santa Monica’s ghetto – Hispanics, Black, Jews, ethnic groups of all types were told to settle here. The Pico neighborhood had been one of the largest […]

Los Angeles Median 1-bedroom rents 3Q 2015 2

by Jodi Summers If you’re renting a well-priced rent control unit in Santa Monica, relish it, because reasonable rents have gone away. If you’re a landlord with a vacant unit by the beach…take pleasure. A recent report by Zumper and LA Curbed study concludes that downtown Santa Monica continues to be the most expensive place […]