Maria Elena Rodriguez In Real Estate

03/21/2016

You have decided to remodel your home, now look at this helpful tips.

03/21/2016

03/21/2016

I would love to sell yours too!

03/21/2016

4 Reasons to get Happy About Housing

DAILY REAL ESTATE NEWS/TUESDAY, MARCH 15, 2016

National Mortgage News recently highlighted the following four
reasons why the housing market will be likely strengthen over
the next several years:

1. Low interest rates

The Federal Reserve recently hinted that it may delay future rate hikes. This could help keep mortgage rates low. The 30-year fixed rate mortgage today remains slightly below 4 percent- which means saving in the financing costs for home buyers and increased buying power.

2. Strengthening job and wage growth.

The unemployment rate in the U.S. has been in recovery mode the last few years, and is now at 4.9 percent (after reaching 10 percent during the recession). Wages are on the rise too: Average hourly earnings rose 2.5 percent year-over-year, according to the U.S. Bureau of Labor Statistics report from January.

3. The millennial debut

This 75 million strong cohort may have initially delayed home ownership but they're on board now. The oldest millennials are now in their mid-30s, and as they start forming families and advancing in their careers, they're drawn to home ownership. They are expected to have a significant impact on housing and mortgage markets: "Over the next decades, a total of more than $30 trillion will be passed from baby boomers to millennials, fueling a housing boom that will be strong and long-lasting," the National Mortgage News reports.

4.The comeback buyers

For owners who lost their home to foreclosure during the recession, they are gradually re-entetring the market and are expected to become a growing force. Following a foreclosure or short sale, these home owners were required to stay out of the market for a two-to seven-year period as they repair their credits and become eligible for financing again. Many of these boomerang buyers are re-entering for financing again. Many of the boomerang buyers are re-entering markets now. Realty Trac estimates that more than 7 million Americans lost their homes during the recession and that meas that the buying pool is huge. "The number of boomerang buyers eligible to return to home ownership will surge over the next year, peaking in 2018 at more than 1.5 million," the National Mortgage News reports.

03/21/2016

Now that the Los Angeles County Office of Education has given the go-ahead, Unite-LCF’s Tom Smith said he expects it’ll be just a matter of weeks befo...

02/25/2016

Have you heard....

If you want to brush your teeth more effectively, you might want to try this tech-packed toothbrush and its companion app.

02/25/2016

Go from Renter to Homeowner

New options offer low down payments and give applicants credit for having paid their rent on time.

02/05/2016

It is official, TRANSFER ON DEATH DEED effective January 1, 2016. Read it, you might benefit from this new legislation, if you have any questions about the TOD contact your attorney.

02/05/2016

Most important reasons for buying a home from first time buyers perspective.

02/05/2016

NEWS FROM Cacramento »Mike Gatto
Posted by Charly Shelton on Oct 15th, 2015 and filed under Viewpoints. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.
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Avoid Probate, Save Money
In California, to pass the contents of almost any asset – a bank account, a multi-million-dollar stock account, a car of any value – upon death, all an individual needs to do is fill out a simple “Payable On Death” form. However, for most middle-class Californians, there is no easy way to transfer the title for a house. Homeowners currently face two costly options: hire an attorney to draft a trust (which typically costs homeowners between $2,000 and $6,000) or force surviving loved ones to weather the probate process (with an average cost of $26,000).
I am happy to report that Gov. Brown recently signed my legislation to create a “Revocable Transfer on Death Deed,” which will save millions of California households from probate and attorney’s fees. AB 139, which is as the LA Weekly put it, “intelligent and pro-taxpayer,” simplifies the way Californians transfer real-property assets upon death through use of a simple form.
Effective Jan. 1, 2016, for transferring real property upon death this will be the most affordable alternative available to hiring an estate-planning attorney or facing the daunting and bureaucratic probate process. For these reasons, the Howard Jarvis Taxpayers Association said in committee, “Other than Prop. 13, there is no greater bill that we support than AB 139 for this year.”
More than 25 other states allow use of this tool. The measure had been introduced into the California State Legislature four times in the last 10 years, but AB 139 is the first such bill passed by the legislature.
One of the primary roles of the legislature should be to simplify life for Californians. By helping homeowners avoid costly probate fees and unintended burdens on family members, AB 139 will do just that.
Mike Gatto is the chairman of the Privacy and Consumer Protection Committee, and the longest-serving current member of the State Assembly. He represents Burbank, Glendale, La Cañada Flintridge, La Crescenta, Montrose, and the Los Angeles neighborhoods of Atwater Village, East Hollywood, Franklin Hills, Hollywood Hills, Los Feliz, and Silver Lake. Follow him on Twitter or visit www.asm.ca.gov/gatto

Assemblymember Mike Gatto represents the 43rd Assembly District

11/19/2015

Despite low home inventory, the market is hot!