Post-COVID Real Estate Predictions

Some trends are already appearing in how COVID-19 has impacted real estate decisions. The economy is going to recover at some point, so some trends are likely to be temporary. However, there will certainly also be long-term impacts as experiencing the pandemic has altered people’s outlook on approaching real estate decisions, and even decisions made… Continue reading Post-COVID Real Estate Predictions

Homebuyer Priorities Shifting in Wake of COVID-19

While confined to their homes during the pandemic, people have had plenty of time to take a good look at what their homes offer them — and what they don’t. Homeowners are reevaluating what’s important in a home purchase. Previously, many homebuyers were looking for a place close to everywhere they may want to go… Continue reading Homebuyer Priorities Shifting in Wake of COVID-19

Compton to Launch Guaranteed Income Program for Low-Income Residents

On October 19th, Compton Mayor Aja Brown announced a pilot program called the Compton Pledge. The Compton Pledge is a guarantee of monthly payments over a two-year period to some irregularly employed residents, immigrants, and formerly incarcerated persons, and is expected to reach 800 people. The exact amount of the monthly payments is not yet… Continue reading Compton to Launch Guaranteed Income Program for Low-Income Residents

[UPDATED] What Will Halloween Look Like During COVID-19?

[UPDATE] As of Oct 18, there is some additional guidance regarding holiday activities. Buying and carving of pumpkins is allowed, as long as the pumpkin patches follow safety guidelines. Some outside gatherings are now permitted, a change from the prior guidelines. These gatherings can have a maximum of 2 other households, can last no more… Continue reading [UPDATED] What Will Halloween Look Like During COVID-19?

What is the MID?

You may have heard the term MID in the context of purchasing a home or filing taxes. But what does this term mean? MID stands for mortgage interest deduction, and is a type of reduction in taxable income available to homeowners with a mortgage on their first or second home, or secured by their first… Continue reading What is the MID?

Prop 15 Explained

By now you all should have received your ballots for the upcoming election. You may even have already voted, but if you haven’t and are struggling with understanding Prop 15, here’s an explanation. Prop 15 aims to close a loophole created by Prop 13 that reduces property taxes for investors and businesses. Under Prop 13,… Continue reading Prop 15 Explained

The Impact of COVID-19 on Senior Housing

It’s been demonstrated that senior citizens are a vulnerable group for COVID-19 and experience worse symptoms, with 73.6% of COVID-19 related deaths being those age 65 and over. It’s important to keep them safe and isolated. Senior living communities, on the other hand, are often multi-family. Even though they do frequently have health care workers… Continue reading The Impact of COVID-19 on Senior Housing

Housing Opportunity Index at its Lowest Since 2018

The National Association of Home Builders (NAHB) now has data for Q2 of the year for its Housing Opportunity Index, which measures affordability of homes compared to median income. The US adjusted median income is currently $72,900. With these earnings, 59.6% of home sales were affordable in Q2 of 2020. This is down from 61.3%… Continue reading Housing Opportunity Index at its Lowest Since 2018

Residential Construction Continues to Slow

Residential construction of both single-family residences (SFRs) and multi-family housing has been on a downturn since the most recent peak in 2018. SFR construction in particular is a long way down from the 2005 numbers when they started to nosedive, while multi-family housing construction has been relatively stable since the 1980s, albeit much lower than… Continue reading Residential Construction Continues to Slow

HUD Discards Fair Housing Guidelines

A 2015 Department of Housing and Urban Development (HUD) rule, called Affirmatively Further Fair Housing (AFFH), had presented guidelines for what constitutes barriers to fair housing and required recipients of HUD funding to reduce or eliminate these barriers. This rule was deemed to be an overstep of federal bounds, as matters of this nature should… Continue reading HUD Discards Fair Housing Guidelines

Spinach & Strawberry Salad

Photo by Angèle Kamp on Unsplash

The traditional dinner salad is most often an unexciting food. Ditch that classic iceberg lettuce studded with cherry tomatoes in favor of this taste treat. These flavors will burst in your mouth from the first bite to the last. Whether you serve it in the heat of summer, or as a year-round starter, this dish… Continue reading Spinach & Strawberry Salad

Some surprises in South Bay Real Estate, 2019 vs 2020

It’s October 1, so it’s time to look at the changes in the local real estate market, both for the month and for the third quarter. 2020 has been a year for making and breaking records. Most of them have been records we truly didn’t want to even consider, like the number of pandemic deaths,… Continue reading Some surprises in South Bay Real Estate, 2019 vs 2020

Long Beach to convert hotels into homeless housing

California, in partnership with Long Beach and LA County, has begun the process for Project Homekey, a project to convert two hotel properties into homeless properties. One will be a 100 unit project and the other approximately 50 units. While it’s not yet announced which properties have been chosen, the decision has already been made,… Continue reading Long Beach to convert hotels into homeless housing