Short-Sale, Foreclosure, REO Specialist

04/04/2023

Cali’s uncle sam comes after your Mansion. Law passed in 2022 effective April 1st 2023, properties over $5M are subject to 4% sales tax as well as 5.5% for ones over $10M. This is on top of the .45% common sales tax paid by the sellers.

07/08/2022

Think of it as an automated car factory. The house is built and assembled in different stages. 50% faster… 20-30% cheaper. Factories are planned to be in California Arizon, Texas and Dokota. Expected to build more than 1 Million square feet of living space aa year.

05/27/2022

Why is the U.S. housing market finally shifting? There are three main reasons.

First, the Federal Reserve has moved into inflation-fighting mode. The central bank has made it clear: Slowing inflation requires slowing down the red-hot housing market. That’s why the Fed has put upward pressure on mortgage rates, which have climbed from 3.11% to 5.25% over the past five months. Rising mortgage rates rise cause “demand destruction” as would-be homebuyers get priced out.

Second, the overheated 2022 spring market has pushed us over the edge into what housing economists call an overvalued housing market. Last month, Fortune asked Moody’s Analytics for its proprietary analysis of U.S. housing markets. The firm’s data shows that 96% of regional housing markets are “overvalued” and have home prices that are above what local income levels can support. Simple economics dictates that home price growth (up 19.8% over the past year) can’t outpace wage growth (up 4.8% over the past year) by wide margins forever. The housing boom, with help from soaring mortgage rates, may have finally gone too far.

Third, the U.S. economy is losing steam. The Fed isn’t just attacking exuberance in the housing market: It’s also attempting to slow down the red-hot labor market. Fed chair Jerome Powell has acknowledged that pulling inflation back down will likely require an uptick in unemployment. If the Great Resignation has its own Great Deceleration, it’ll undoubtedly trickle over into the housing market. There’s something else. If a recession does come, employers could use their increased economic leverage to force staffers back into the office. And if that happens, it could dry up the WFH buying boom.

Source: Fortune.com

05/22/2022

nowthispolitics The U.S. Department of Energy(DOE)published a rule to the Federal Register on May 18, 2022,establishing new energy conservation requirements for manufactured homes such as mobile and prefabricated homes.The department says the rule is expected to make an impact on greenhouse gas emissions 'equivalent to the annual emissions of 11.7 million homes over 30 years.! Builders of manufactured homes are concerned that the new rule will raise the prices of these properties. Lesli Gooch, the CEO of trade association Manufactured Housing Institute, told Bloomberg Law, 'Manufactured housing is by far the most affordable home-ownership option in America-and the industry is currently building quality affordable homes that are already energy efficient and resilient. Instead, the significant cost increases to actual manufactured homebuyers far exceed
the speculative energy savings the rule claims will take place. Some energy-efficiency advocates also aren't happy with the
new rule, saying that the DOE's model allows certain homes to defy standards and that builders will continue to build houses with the same energy-efficiency issues. Steven Nadel, the
director of the American Council for an Energy-Efficient Economy, told Bloomberg Law, 'It's going to leave many of the lowest-income households paying painfully high utility bills for
even more years to come. Going forward, the administration certainly shouldn't make a habit of letting manufacturers make more-wasteful homes and products for lower-income people! b

05/04/2022

Some good news for Californians. Now you can get up to 10% of the home price as a downpayment paying 0% interest on the loan without the need to pay it back!!!!! Call us for more information.

04/14/2022

Although rising rents on commercial apartment units made it challenging for a lot of renters to find a place to live, landlords are eager finding tenants to take care of their houses. if you need help finding affordable single family or condo homes to lease in Orange County or Los Angeles, we can help.

04/06/2022

04/05/2022

One of the most iconic Eichler Homes preserved and rebuilt in redwood to mirror the original design. There are only a few of these magnificent houses built (80 approx.). And they are protected and preserved under Mills Act. It's not common for the owners to sell these properties. Great neighborhood, rare opportunity. CALL FOR SHOWINGS.

04/02/2022

Mark this week. Over 1000 price changes in Orange County, CA. On average, listing prices are hit by at least $10,000 to $30,000 price REDUCTIONS. LESS people applying for mortgage. Showings are DROPPING. If you're looking to sell, clock is ticking. Call for free consultation.