Family Smart Homes Blog - The latest real estate data & research
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 …
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
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
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 …
Wells Fargo is facing allegations of a new scandal, this time involving its treatment of mortgage borrowers in bankruptcy. Some of the borrowers allege that the bank attempted to quietly modify their mortgages so that their monthly payments would be lower — but the length of the loans would be… Source: LA Real Estate
In the month of May, the most expensive homes sold in Los Angeles County included record-setting deals on the Westside and South Bay. Here’s a larger look: $85 million — Malibu Music and movie mogul David Geffen sold his oceanfront compound on Pacific Coast Highway for an area-record $85 million…. Source: LA Real Estate
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 …
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 …
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