More Trouble For AirBnB
AirBnB is making headlines again in California as cities continue to roll out new legislation restricting both the site and homeowners. It’s been a tough week for AirBnB in California. The San Francisco-based startup sued its hometown this week over the city’s new rental restrictions. Meanwhile, in Southern California, Anaheim has banned short-term […]
Frogtown Fights Gentrification
Residents of Elysian Valley in Los Angeles are campaigning against developers who they say are changing the landscape of the community. Elysian Valley, also known as “frogtown,” is a neighborhood of over 7,700 residents in Central Los Angeles. With the announcement of the $1 billion restoration project for the Los Angeles River, many […]
New Mortgage Servicing Rule Results in Victory For Homeowner
The Dodd-Frank Act is proving to be a ally for homeowners and giving individuals a voice against big banks. New mortgage servicing rules took effect in 2014, implementing provisions of the Dodd-Frank Act, which impose significant obligations on mortgage servicers, including the obligation to conduct reasonable investigation upon receipt of a notice of error, […]
Reversal of Countrywide Verdict
“When the story of the lack of prosecutions from the financial crisis is finally written, the most important issue will be how difficult it turned out to be to prove fraud” The New York Times. Shoddy mortgage practices were largely to blame for the Great Recession of 2007-2009. One of the key players […]
The LUVE Initiative Will Hit The Ballot This November
Santa Monica residents will be voting on the Land Use Voter Empowerment (LUVE) initiative in the next election that would place severe restrictions on new development projects. Santa Monica is well known for its opposition to tall, dense buildings and rapid growth. SaMo councilmembers have a strong reign on development in the area […]
Women Buy More Houses Than Men
The numbers don’t lie. Women are buying more houses than men and dominating the real estate market. Let’s hear if for all the single ladies! Single women are a force to be reckoned with in today’s real estate market. According to the National Association of Realtors®, single women make up the largest demographic […]
New Rules For AirBnB in San Francisco
San Francisco’s Board of Supervisors unanimously approved tough new legislation that will require short-term rental sites to police their own listings for properties that violate city regulations. San Francisco is rolling out new legislation aimed at reigning in AirBnB rentals. This week, San Francisco’s Board of Supervisors voted 10-0 to toughen short-term rental […]
Starter Homes Are Making A Comeback
Starter homes were declared “nearly extinct” in 2015. This year, building is on the rise. Home prices are high and inventory is low as we head into the summer months. Competition for median-range homes has been fierce, with many would-be homeowners being edged out by bidding wars. But help may be on the […]
The Urban Exodus
Are megatropolises creating a geographical boundary of inequality? In case you haven’t heard enough griping about California’s over-priced real estate market recently, here is a little more fuel for the fire. As cities become more popular and affluent, particularly with the attraction of high-paying jobs, the divide between the upper class and the […]
May 2016 Market Update
California continues to top the charts in real estate. California dominated the nation’s top 20 hottest real estate markets for May 2016, claiming half of the most popular real estate markets. Four out of five of the most active real estate markets are from California, with Vallejo topping the charts this month. Asking […]
