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Monthly Housing Market Update – August 2021

August 16, 2021 August 16, 2021  John Maseredjian Vice President of JohnHart The month of July finished off with some slightly lackluster statistics, surprisingly not only in the condo/townhouse market but also in the Single Family Residence (SFR) market as well. After what can only be described as a two-year crush in SFR listing inventory in Los Angeles County, it a...

Breaking News!!!!! Supreme Court Blocks Federal Eviction Moratorium

By Jess Bravin and Brent Kendall Updated Aug. 27, 2021 8:35 am ET WASHINGTON—The Supreme Court on Thursday lifted the latest federal ban on evictions during the Covid-19 pandemic, siding with landlords against a moratorium the Biden administration imposed this month despite questions about its legality. Three liberal justices dissented. The Centers for Di...

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Here is how the recall candidates say they’d increase housing manufacturing in California

By tell us daily August 31, 2021 California’s housing scarcity has turn out to be a focus of the race to exchange Gov. Gavin Newsom, as candidates vow to turbo-charge dwelling constructing by slashing bureaucratic hurdles for builders and streamlining development approvals.   Between now and Sept. 14, voters may very well be contemplating the state’s astronomic...

California Association of Realtors - Market Minute Update 9/4/21

September 3, 2021 With delta variant cases continuing to rise throughout the U.S., the negative economic effect of the COVID re-emergence has become more obvious in the past couple weeks. Consumer confidence in the latest report dipped to the lowest level since February, while jobs growth slowed sharply in August. The speed bump for the economic recovery, however, is good ne...

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CA COVID-19 Rent Relief Program - Tenants and Landlords Welcomed!

This is Straight from the Housing is Key California Website.  https://housing.ca.gov/covid_rr/program_overview.html#highlights CA COVID-19 Rent Relief Whether it’s a health-related event or a significant financial hardship, COVID-19 has affected us all. As our state continues to recover, we are committed to keeping families housed and recognize that California renters and la...

Gov. Newsom signs SB 9, curbing single-family zoning in California!!!

By MARISA KENDALL | | PUBLISHED: September 16, 2021 at 8:36 p.m. | UPDATED: September 16, 2021 at 8:51 p.m. In one of his first actions after surviving an election seeking to oust him from office, Gov. Gavin Newsom on Thursday essentially abolished single-family zoning in California — and green-lighted a series of bills intended to bolster the state&rsq...

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The Death of Single-Family Zoning: Senate Bill 9 (SB-9)

 September 27, 2021 by  Tim Burke  On September 16, 2021, Governor Gavin Newsom signed Senate Bill 9 (SB 9), also known as the California Housing Opportunity and More Efficiency (HOME) Act. The passage of SB 9 will forever change single-family zoning in the state of California. The bill was created with the purpose to increase housing in the state. SB 9 allows homeow...

How Is Real Estate Looking For LA Going Into 2022??

10 housing questions Southern California must answer in 2022 Cash buying’s hot — 30% of IE sales, up 65%; 29% of LA-OC buying, up 64%. By JONATHAN LANSNER | jlansner@scng.com | Orange County Register PUBLISHED: December 30, 2021 at 8:42 a.m. | UPDATED: January 1, 2022 at 3:46 p.m. Forecasting Southern California’s housing market i...

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No, the housing market isn’t in a bubble. But there still are many things to worry about in 2022.

By Mark Zandi January 6, 2022 at 8:00 a.m. EST House prices are sizzling. Not just in swanky neighborhoods in the nation’s big cities or in resort towns. Not just in the suburbs or exurbs. Not just in inner cities or in rural areas. Just about everywhere. House prices were rising strongly before the pandemic, but since the pandemic hit they’ve been on a tear. The media...

Home buyers: Don’t wait for home prices to drop in 2022!

Erik J. Martin / The Mortgage Reports Contributor / March 28, 2022 - 7 min read   Will home prices drop in 2022? The price of homes has risen significantly over the past few years. Many hopeful buyers, especially those on tighter budgets, are eager to learn if and when home prices may become more affordable. The consensus from experts? Don’t hold your ...