Net Worth of Homeowners 44X Greater than Renters

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago. The study revealed that the 2016 median net worth of homeowners was $231,400 – a 15% increase since 2013. At the same time, the median net worth of renters decreased by …

Why Move to Garden Grove and What You Need to Know

Hey there! Are you planning on moving to California? Are you looking for the perfect city to start a life with your beautiful family? Well, stop searching! You will love it at Garden Grove! With the amazing features and events, this city has to offer, the Real estate in Garden Grove is another key factor that will make you love …

Hot Property: The housing market is alive and well

Classic comic actor Groucho Marx may be long gone, but his Hollywood Hills West estate is still around and appears to be a hot item. After only six months, the property is back up for sale at a mark-up north of 20%. Can you say: property flip? It’s just one indication of how buoyant home sales… Source: LA Real Estate

HOA Homefront: Can board deny privileges if homeowners aren't paying?

Q:Our homeowners association reserves are extremely low and our collections are growing worse by the day. We are a gated community, with many renters. Can we deny access to the automatic transponder gate to delinquent owners/renters and require that they wait at the guarded gate for entrance? Can… Source: LA Real Estate

Top Home Renovations for Maximum ROI [INFOGRAPHIC]

Some Highlights: Whether you are selling your home, just purchased your first home, or are a homeowner planning to stay put for a while, there is value in knowing which home improvement projects will net you the most Return On Investment (ROI). While big projects like adding a bathroom or a complete kitchen remodel are popular ways to increase a …

Are Home Values Prices Approaching Bubble Territory? | Family Smart Homes

Are Home Prices Approaching Bubble Territory?

As home values continue to rise, some are questioning whether we are approaching another housing bubble. Zillow just reported that: “National home values have surpassed the peak hit during the housing bubble and are at their highest value in more than a decade.” Though that statement is correct, we must realize that just catching prices of a decade ago does …

The TRUTH Behind the RENT vs. BUY Debate

The TRUTH Behind the RENT vs. BUY Debate

Rent vs. Buy In a blog post published last Friday, CNBC’s Diana Olnick reported on the latest results of the FAU Buy vs. Rent Index. The index examines the entire US housing market and then isolates 23 major markets for comparison. The researchers at FAU use a “‘horse race’ comparison between an individual that is buying a home and an …

San Diego company offers mortgage with 1% down

Many San Diegans would like to own a home in the region they work in, but they often struggle with the large down payment. Buyers are typically expected to put 20 percent down on a new home, about $105,000 based on the county’s median home price. Gearing up for a new generation of buyers, San Diego-based… Source: LA Real Estate