Financial Markets
Measure ULA Tax Update
LA voters passed Measure ULA (only 512k to 374k votes) in November 2022 which imposed a new “Homelessness and Housing Solutions” transfer tax on all real estate sales transactions in the city over $5 million. Though it is commonly referre...
Q2 2023 Hancock Park Market Update
Even with a writer’s strike many offers were written in Hancock Park as the imbalance of supply relative to demand and demographic trends are keeping our market dynamic and strong. Multiple offers continue for the most prized locations and ma...
A Decade of Undersupply Forecasted
According to Realtor.com economist Danielle Hale, housing affordability is not expected to improve for prospective home buyers in the near future. This is primarily due to the high cost of borrowing and a lack of available homes on the market. ...
1031 Exchange Tip
Attention Investors: Anxious about finding a suitable replacement property for your 1031 exchange in time, especially in today’s low inventory environment? Check out DTS products (Delaware Statutory Trust) which are investment grade proper...
June 2023 Market Update for Hancock Park
Even with a Writer’s Strike many offers were (and are being) written in Hancock Park. Multiple offers continue for the most prized locations and many are still offering cash. For the month of May there were 9 sales down from 18 in M...
Fed Raises Rates 25 basis points & what it means for you
All eyes were on the Fed today and rates increased 25 basis points. Real estate continues to be a great hedge against inflation which is why we continue to see multiple offers on well-located, well-priced properties. We see many cash buyers s...
California Real Estate Market Update & Forecast
The California Association of Realtors releases its 2023 housing market forecast. Each neighborhood has its nuances but overall, the market is 'normalizing' after a fierce last 2 years. The Hancock Park real estate market continues to be act...Proposition 19 latest update
From the California Association of Realtors - December 1, 2020 Prop 19 allows a homeowner who is 55 years of age or older, severely disabled or whose home has been substantially damaged by wildfire or natural disaster to transfer the taxable...
Propositions 5 and 10
A perspective from the California Association of Realtors (CAR) Two initiatives on the statewide ballot this November could dramatically affect housing opportunities, private property rights, and the availability of affordable housing. The f...