What Lies Ahead in Real Estate Market In Los Angeles in 2024
As we embark on the journey into 2024, prospective homebuyers can look forward to a brighter future in the real estate market. Discover how lower mortgage rates, increased purchasing power, and a growing inventory are reshaping the path to homeownership.
Current Real Estate Market Trends
Discover the current trends in the U.S. single-family home market and the real estate landscape in Los Angeles, Santa Monica, Brentwood, and Westwood. Whether you're looking to buy or sell, this comprehensive guide will help you make informed decisions in today's dynamic market
Strategies for Getting Your Offers Accepted Across All Markets
Navigating the real estate market in a high-interest rate environment can be challenging, but with the right strategies and guidance, both buyers and sellers can achieve their goals. From understanding the art of negotiation to exploring innovative solutions like temporary buydowns, our team is here to assist you in making informed decisions. Whether you're in Santa Monica, Beverly Hills, Pacific Palisades, Malibu, Brentwood, Venice, Los Angeles, or the surrounding areas, contact us for a complimentary consultation. Let's work together to secure your dream home or successfully sell your property in today's dynamic real estate landscape.
Should I Rent or Buy In This Market?
In today's housing market, the decision between buying and renting is crucial. We explore the advantages of homeownership, including equity building and tax deductions, and the flexibility of renting. Dive into real estate trends, such as rising rent prices and home value appreciation, and discover why investing in Los Angeles real estate may be a lucrative opportunity. With housing inventory shortages and growing demand, prices are on the rise. Whether you're looking to buy or rent, our full-service real estate solution is here to meet all your needs. Partner with us to achieve your real estate goals.
Mortgage Rates: Insights into 2023 and 2024
Navigating the mortgage landscape? Get a clear snapshot of rate forecasts for the upcoming years, combined with expert opinions and historical contexts that shape the future of the housing market.
Proposition 19: Keeping Your Property Tax Basis While Relocating in California
The Home Protections Act expands on Proposition 60/90, allowing seniors, severely disabled individuals, and wildfire or natural disaster victims in California to transfer their property tax basis to a new home, even at a higher value. Discover how you can secure your dream home and keep your tax benefits intact.
Los Angeles Real Estate Data
Jordan Levine, C.A.R.'s Vice President and Chief Economist, warns that high inflationary pressures will result in elevated mortgage rates, reducing purchasing power and depressing housing affordability in the upcoming year. A pullback in sales and a downward adjustment in home prices are expected in 2023 due to high borrowing costs. Additionally, low inventory and rising mortgage rates caused by inflation may impact sales activity. The recent implementation of Measure ULA, also known as the "mansion tax," is expected to bring a substantial transfer fee to the luxury real estate market of $5 million or over in Los Angeles. However, the long-term impact of this measure is still uncertain. Despite properties selling quickly in Los Angeles County, sales of existing single-family homes have decreased by 38.2% YoY. If you want to purchase a home in LA, be prepared to spend a little more than the asking price.
Capitalize on Spring's Limited Supply: Why Now is the Ideal Time to Sell Your Home
Spring's limited supply offers a unique advantage for those looking to sell their homes. With the right preparation and guidance, you can make the most of the current seller's market, ensuring a smooth and profitable home sale. Don't wait – let's discuss how to get your home ready for this prime selling season
Tax Deductions for Homeowners
This tax deductions guide for homeowners offers clear explanations and helpful tips to help them navigate the complex world of tax deductions and maximize their savings. Homeowners can keep more money in their pockets and increase their savings by maximizing deductions for mortgage interest, property taxes, and other expenses. Please talk to your accountant.
Home Expenses You Can't Deduct on Your Tax Return as a Homeowner
The costs of obtaining a mortgage or refinancing an existing one include refinance, loan assumption, credit report, and appraisal fees. These expenses are not tax deductible, but they can be deducted from the cost basis of your home, lowering your capital gains tax liability when you sell it.