Asbet Dergalestanian - Realtor

06/26/2023

California Housing Market Highlighted by Growing Interest Rates
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06/25/2023

Office Leasing Remains Robust in California's Mixed-Use Projects
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The pandemic has had a major effect on the office sector, resulting in higher vacancy rates and a transformation in what employees are seeking from their office environment. Companies are now choosing urban mixed-use projects offering a variety of amenities, such as childcare, groceries, food, and h...

06/24/2023

Los Angeles Metropolitan Area Market Snapshot

06/24/2023

Los Angeles to study feasibility of putting A/C in all rentals
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In response to record-breaking heat waves, the Los Angeles City Council has approved a study to explore the feasibility and cost of cooling all rental units in the city. The study will include a cost estimate for updating the building code and will determine which buildings lack submeters and the di...

06/24/2023

Los Angeles Metro Market Update

06/23/2023

California Housing Market Highlighted by Growing Interest Rates
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Rising interest rates have made it more difficult for potential home buyers to qualify for larger mortgages and take advantage of the current low rates, resulting in disruption in the California housing market. Home prices in Silicon Valley have become increasingly unaffordable, pushing potential bu...

06/22/2023

Second-Time Home Buyer: What to Consider

06/21/2023

Short-term rental tax must be rejected
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Senate Bill 584, by state Sen. Monique Límon, seeks to impose a tax on short-term rentals (Airbnb, Vrbo, etc.), in order to raise funds for low-income housing. However, this bill would end up deterring people from seeking short-term rentals and increase costs, while also mandating expensive labor-u...

06/20/2023

Ask Me Anything!
Have questions about real estate but not sure where to start?

Have questions about real estate but not sure where to start?

06/19/2023

California’s Revised Market Forecast for 2023

06/18/2023

How Long Beach is solving its housing shortage
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In July 2019, Long Beach opened a new City Hall as part of its 22-acre, $520 million Civic Center campus. This new downtown centerpiece is home to the city's one-stop Development Permit Center, which has been designed to make it easier for applicants to fill out forms and meet with city representati...

06/18/2023

California lawmakers consider short-term rental tax to fund affordable housing
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California lawmakers are considering Senate Bill 584, a bill that would impose a 15% tax on short-term rentals like Airbnb and Vrbo in order to fund affordable housing and provide help to alleviate the homeless crisis. The bill is headed to the Assembly after the Senate voted 27-11 in favor of it an...