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Category Archives: Real Estate Updates

Raising Interest Rates

Federal Reserve Chair, Janet Yellen, has confirm that the Fed is on track to increase interest rates later this year. However, concerns of “unanticipated developments” could delay or accelerate the process. And although the economy shows signs of growth, certain

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Reducing Mortgage Payments

6.5 million Homeowners with mortgages could save approximately $200-$500 on their monthly payments by refinancing, most could qualify and benefit from traditional refinancing while 450,000 are HARP-eligible. HARP, the Home Affordable Refinance Program, is a federal program established by the

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The (Un)affordability of Homeownership

In December of 2014, a service tax, Senate Bill 8 (SB 8), the “Upward Mobility Act,” was introduced by Senator Robert Hertzberg (D-Van Nuys). The bill’s purpose is to generate $10 billion for schools, local government and to provide tax credit

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Worrying About Interest Rates…

There is speculation that the Federal Reserve could raise interest rates in June then gradually increase thereafter, however, the impact of low oil prices, a strong dollar and the unemployment rate over the next two months, will be a determinant

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The Right Mortgage

It’s inevitable, the Federal Reserves is considering raising rates as early as June, so, with a little time on your side, now might be a good time to find the right mortgage or to refinance. With jumbo loans, banks are

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Buying Los Angeles

In a recent article from HSH.com, a mortgage research website, reports that in order to afford a home in the Los Angeles area of $450,900, based on NAR (National Association of REALTORS®) median home price for 2014 fourth quarter, with

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Zillow’s Flaw

During a recent interview on CBS This Morning, Zillow CEO, Spencer Rascoff, acknowledged the accuracy of Zillow’s zestimate, widely used by home buyers and sellers alike to gauge property values, as having a “median error rate” of about 8% nationwide.

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High Rents Making Home Ownership More Attractive

With mortgage rates still relatively low, in the mid 3%, the government’s role with the easing of credit requirement and increasing rent rates- equals no equity, home purchasing has led to higher demands amongst millennials, those born between 1980 and

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Buyers Are Staying Put…

A recent study by C.A.R. (California Association of REALTORS®) found that more than 50% of renters will either purchase their home in the same neighborhood as current residence or within the same county.

California Attracting Foreign Investors

The Chinese firm, Oceanwide Holdings Group Co, is aggressively purchasing residential and commercial properties along the California coast, spending millions over the past two years. Oceanwide is currently developing a three-tower apartment complex, which include retail space and a hotel.

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Testimonials

Judith L.
    

“Novelette was very knowledgeable about the property and the area.  I felt that she was straight-forward about the negative or down-side of aspects of her work. After closing, Novelette asked for feedback on her services and seemed sincere in wanting to improve the negative. She also recommended service people for electrical, plumbing and carpentry, as I mentioned the changes and improvements that I anticipated to make the house "mine’.”

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