Pedro Armendariz

01/31/2026

08/17/2023

The Mansion Tax Effect: Luxury Home Sales Stall in Los Angeles

Pedro Armendariz is a real estate agent with Dynasty. Check out Pedro Armendariz's listings or office listings.

08/13/2023

The Federal Reserve Has Paused Rate Hikes. Here's What That Means for Home Equity Loan Borrowers
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The Federal Reserve recently opted to pause interest rate hikes in response to lower inflation levels. This could be beneficial for those looking to take out a home equity loan, as the cost of borrowing is likely to remain steady. Despite the pause, borrowers should still apply soon as the Fed is se...

07/31/2023

LA Metro Area Market in Early Summer 2023

Pedro Armendariz is a real estate agent with Dynasty. Check out Pedro Armendariz's listings or office listings.

07/30/2023

Managing Commercial Real Estate Taxes in California's Challenging Market
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The commercial real estate market in California is facing one of the most difficult times in decades. For example, office towers in San Francisco have sold for much lower than their 2019 value, and hotels and retailers have announced plans to close their stores due to plunging sales, high vacancies....

07/22/2023

How to prepare for FHA appraisal requirements
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Mortgage lenders require an appraisal to ensure they are not lending too much money for a property that is not worth it. An FHA loan requires an appraisal to determine if it meets certain standards and criteria set by the U.S. Department of Housing and Urban Development. This appraisal is a combinat...

07/13/2023

LA Considers Cooling Mandate for Rental Units

Pedro Armendariz is a real estate agent with Dynasty. Check out Pedro Armendariz's listings or office listings.

07/05/2023

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...

06/26/2023

Average down payment for a home
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The down payment on a home is a percentage of the property's price paid for in cash upfront. Conventional loans require a minimum down payment of 3 percent, while FHA loans require 3.5 percent. VA loans and USDA loans don't require a down payment. In April 2023, 40% of respondents cited the inabilit...

06/25/2023

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...

06/17/2023

Apartment Market Fundamentals Remain Strong in Los Angeles Despite a Shifting Market
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Priscilla Nee, Executive Vice President of CBRE, reported that the Los Angeles apartment market is cooling as supply meets demand. Rents are down and vacancy rates are up slightly, but new development is outpacing demand. To attract renters, landlords are offering concessions, but investment volumes...

06/09/2023

States With the Highest Housing Costs

Pedro Armendariz is a real estate agent with Dynasty. Check out Pedro Armendariz's listings or office listings.