LA vs Airbnb

LA vs Airbnb

Los Angeles Cracks Down On Short-Term Vacation Rentals   Los Angeles city officials are proposing new rules as they contend with a housing shortage that activists blame partly on businesses that convert large swaths of apartments into short-term rentals, which can net more money per night.  The proposed plan would empower Los Angeles to fine homeowners for advertising illegal rentals as well as the sites that hosted the ads. As it stands, short-term rentals are illegal in many residential areas of Los Angeles, but the city has struggled to enforce those rules as Airbnb, VRBO, and other websites have exploded...Read more
What Millennials Want

What Millennials Want

  Millennials are influencing the marketplace, prioritizing integrated technology and storage solutions in modern home design.   The next generation of homeowners wants smart, stylish homes that enable them to connect with friends and family.  Millennials will lead the way in adopting new technology — making features like the ability to preheat an oven or unlock the front door from your smartphone the new norm in home convenience.   All About Millennials This segment was born between 1980 and 2000, meaning the youngest are in their mid-teens and the oldest are just hitting mid-thirties. Many are still in school and...Read more
The Evolution of Houses

The Evolution of Houses

    My, how houses have changed!  Everything changes over the years to reflect consumer’s taste and improvements in technologies, and the housing industry is no exception.    Taking a look back at the evolution of housing from the 1950s to today, we can see the changes in homebuyer’s priorities and lifestyle.  A new interactive graphic from Fielding Homes documents some of the following changes we have seen in single-family homes over the last few decades.   1950s Homes in the 1950s tended to have more bathrooms than bedrooms!  On average, homes had more shower space than sleep space with...Read more
California’s Solar Initiative

California’s Solar Initiative

California Makes Solar Power Easy! What better place to take advantage of the sun’s rays then sunny California?  The state has been at the forefront of new and sustainable energy initiatives, with solar power being one of the most popular and widely accessible alternative energy solutions.  Homebuyers and even renters are enticed by “green” amenities, so outfitting your home with solar panels can have a big payoff! California’s Solar Programs California has been expanding the Go Solar California campaign, which includes incentives for qualified single-family, low-income homeowners (SASH), as well as incentives for qualifying affordable housing (MASH), the New Solar...Read more
2016 Homebuyer Hardship

2016 Homebuyer Hardship

Homebuyers Face Fierce Competition in Today’s Marketplace   Packed open houses.  Bidding wars.  Rising prices.  If you are a California homebuyer in the market today, you are up against some hefty competition for available homes. California is home to some of the highest priced housing markets, both in terms of renting or buying a home.  Housing is becoming increasingly unaffordable in many cities, with San Francisco, San Jose, and Los Angeles listed among the highest rental markets in the nation, according to a study by ApartmentList.com.  Rising rental rates in California have inspired many residents to consider buying a home...Read more
13 Hottest California Real Estate Markets

13 Hottest California Real Estate Markets

Everyone loves California!  Here are the statistics to prove it.   Spring is upon us!  As the temperatures are steadily rising, so too are the nation’s hottest real estate markets.  It should be no surprise for our fellow Californians that California is dominating the housing market yet again.  Preliminary data for the month of March shows that spring home-buying season is in full bloom.   The Research Realtor.com identified the 20 hottest medium- to large-size housing markets for the month of March 2016.  To estimate demand, they analyzed the number of listing views per market; and to estimate supply, they...Read more
5 Simple Home Improvements to Increase Your Home’s Value

5 Simple Home Improvements to Increase Your Home’s Value

Some home improvements cost more than they are worth.  Here are 5 simple home improvements worth more than they cost!   Some projects will protect your dollars more than others if you’re planning to sell in a few years.  Invest your time and money wisely, and your home improvements can increase your home’s value. The Data Want to know how to get the most bang for your buck with a home remodel?  Check out Remodeling’s website.  Since 2002, this trade magazine for contractors and builders has been tracking common home improvement projects and how much of the cost of each...Read more
What is Rent Control?

What is Rent Control?

Learn about how rent control affects the landlord-tenant relationship. If you live in a major metropolitan area in California, chances are you have run into the term “rent control”.  The west coast has long been a popular relocation locale and California metropolitan areas are growing at staggering rates.  California has seen an incredible population and development increase in recent years.  While these increases can mean big gains for big businesses, it is often at the expense of middle income and low income renters. Companies like Air BnB have put additional pressure on the rental market as investors are taking properties...Read more
Renters Pay More For “Green”

Renters Pay More For “Green”

A new study reveals just how much renters will pay for environmentally friendly features. Consumers are becoming more environmentally conscious, even when it comes to the home they decide to rent.  A new survey from the National Multifamily Housing council has found that not only do renters prefer apartments with sustainable design features, they are also willing to pay more for them. Multifamily builders have been putting more focus on environmental friendliness in new construction for years, but much of that is due to regulation rather than market demand.  Many of the latest building codes require that new apartments include...Read more