How the Pandemic Has Reshaped Office Design

During the lockdowns, businesses had an excuse to try out work-from-home models and see how well it works. Is it better than office spaces? Worse? Just different? Offices and and work-from-home models both have their advantages and disadvantages, and the experience will be different for different people. By surveying employees who had a chance to… Continue reading How the Pandemic Has Reshaped Office Design

Prop 19’s New Laws for Property Tax Exemption

Proposition 19 has now passed in California, and with it brought changes to how property tax is reassessed for some purchases, effective April 1, 2021. The new law replaces Prop 60 and Prop 90, affecting replacement property by homeowners who are over 55, severely disabled, or whose home has been substantially damaged by wildfires or… Continue reading Prop 19’s New Laws for Property Tax Exemption

Manufactured vs Prefab Homes: What’s the Difference?

There are many terms thrown around when talking about factory-built housing — manufactured home, mobile home, prefab, modular housing — and many of them are used interchangeably. These are all factory-built, but in some cases, there are important differences you should be aware of. Two terms that actually do mean the same thing are manufactured… Continue reading Manufactured vs Prefab Homes: What’s the Difference?

Builders Aren’t Able to Keep Up With Demand

In many cases, high-profile construction companies will purchase large areas of land and build many homes at once. In theory, this ensures that once this project is finished, they will already have homes available to purchase while they start their next project. This theory has started to break down in the current market, as demand… Continue reading Builders Aren’t Able to Keep Up With Demand

2020/2021 Housing Summary & Forecast for the South Bay

work_from_home_nelly-antoniadou-9X1P46Y2KJo-unsplash.jpg

The year 2020 was very nearly the least predictable time in local real estate history. Seriously, what other time have we experienced massive unemployment and rising home prices simultaneously? All indications suggest 2021 will be a tad more conventional. Home Values Grew in 2020 Despite “turmoil” being the watchword of 2020, the year produced some… Continue reading 2020/2021 Housing Summary & Forecast for the South Bay

Long Beach Affordable Housing Policy Pending Final Approval

On Jan. 19th, the Long Beach City Council voted unanimously for preliminary approval of two ordinances designed to increase affordable housing. The policy is still subject to objections prior to final approval, but if it continues as written, 11% of rental developments and 10% of housing developments will need to be set aside for affordable… Continue reading Long Beach Affordable Housing Policy Pending Final Approval

Rental Statistics Shifting Across the US

We’re all aware that the pandemic has disproportionately affected lower-income residents, including renters. But there are many statistics to look at when examining trends in the rental market, and some of them may not be so obvious. Who, when, where, and how much are all questions to consider. The when is the most obvious —… Continue reading Rental Statistics Shifting Across the US

Pandemic Relief FAQ

There’ve been plenty of articles written about the ever-changing details of the eviction and foreclosure moratoriums. Less has been said about other forms of pandemic relief, such as federal rent relief stimulus. While the stimulus was passed already in December, there are still some things you may not know about it. The federal pandemic relief… Continue reading Pandemic Relief FAQ

The Evolution of California’s 2020 Market

California’s housing market saw multiple shifts during 2020 as different sectors reacted differently and regulations changed with the times. When 2020 began, we already had high home prices and a construction deficit. The lockdowns of the pandemic propelled an economic recession that was already in the making, causing it to arrive faster than expected. Normally… Continue reading The Evolution of California’s 2020 Market

First-time Homebuyers Struggling in Current Market

There are many factors leading to the current housing market being a rough time for first-time homebuyers. This group is already at a disadvantage from the outset, not having the ability to sell their existing home to help pay for a new one, and frequently already saddled with rent payments. In addition, first-time homebuyers tend… Continue reading First-time Homebuyers Struggling in Current Market

Pandemic Prompts Shifts in Home Use

The increasing popularity of home offices has been mentioned ad nauseum, but how else have homeowners changed their behavior in the house as a result of the pandemic? The America At Home Study, a nationwide survey with about 4000 respondents, may have some answers. One of the biggest answers should be obvious: Disinfecting more. In… Continue reading Pandemic Prompts Shifts in Home Use

What Your Local Grocery Store Says About Your Area

Whether a high priority on the checklist or just a nice-to-have, most everyone wants to live near the places where they shop. While some people remain loyal to their store of choice regardless of distance, others are perfectly happy to live nearby any place that serves their shopping needs. But which stores are local can… Continue reading What Your Local Grocery Store Says About Your Area

Pandemic Relief To Include Legal Assistance for Renters

A moratorium is currently protecting many renters from evictions, but it’s going to end eventually, and many renters will still owe a backlog of payments. What’s more, the legal process for acquiring protection can be difficult to grasp for some renters. The bottom line is that renters are going to need help understanding their rights… Continue reading Pandemic Relief To Include Legal Assistance for Renters

AB 725 Aims to Help Middle Income Californians

Many attempts have been made, and are still being made, to help lower income people to acquire affordable housing. We haven’t been worried about higher-income housing; those who can even consider affording it don’t particularly need the help. But there’s a group we’ve mostly been forgetting about: the dwindling middle class. The income gap has… Continue reading AB 725 Aims to Help Middle Income Californians

Despite Rebound, Job Future Not As Bright As It May Seem

With the pandemic creating an employment nightmare, the unemployment rate has been a closely watched statistic. Employment is still below pre-pandemic levels, but has rebounded fairly well. That may be giving us false hope, though, since there are other jobs-related statistics to consider. In a previous article (https://www.carlandarda.com/?p=1370) we looked at the difference between employment… Continue reading Despite Rebound, Job Future Not As Bright As It May Seem

Mortgage Applications Skyrocketed in 2020

When the pandemic began towards the end of the first quarter in 2020, people were understandably reluctant to start purchasing houses. As a result, mortgage applications saw a sharp decrease. However, they rebounded quickly, surpassing 2019’s numbers even while trending downwards again in December. In the week ending December 23rd, 2020, mortgage applications dropped 5%… Continue reading Mortgage Applications Skyrocketed in 2020