February 10th, 2016 at 10:00 am
Our agents are committed to finding a home for their buyers that makes their heart skip a beat, a home that they immediately can picture themselves spending the rest of their lives in. We asked Marco Rufo, an agent with our Pacific Palisades office, for his input on what he thinks it takes for a home to make a buyer fall in love. (more…)
February 1st, 2016 at 10:00 am
The good news: Adjustables are low and it’s a seller’s market
The Federal Reserve Bank’s decision to raise its benchmark interest rate by .25 percent has been the talk of the financial and real estate world since it was announced last Dec. 16.
To gain some insight, we asked David M. Cabot, our President and CEO, for his take on the situation.
Q: Why did the Federal Reserve Bank raise the rate?
A: The Fed was waiting for the economy to be stronger, and they believe it is now. The rate determines what the banks pay to borrow money from the Fed. But the banks can set their own rates for consumers, and they do. This is the first rate increase in seven years.
It’s interesting that they made a decision to do it now because they’ve been wanting to for over a year. I’m not an economist, but 2 percent economic growth is very, very modest. If we were growing at 3 or 4 percent, an interest rate hike would be a welcome thing in the business world. But at 2 percent, we’re not really certain. If we don’t start at a point where we have some growth, we’re never going to get above zero. It’s probably a wise thing from a macroeconomic point of view.
January 18th, 2016 at 10:00 am
If you’ve thought about investing in real estate, a multi-family property can be an advantageous investment. These types of properties can be excellent ways to make money, but can also be a financial drain if not planned for properly. Before you decide if a multi-family property is right for you, there’s a few things you should consider. (more…)
January 5th, 2016 at 11:00 am
When President Barack Obama signed the $1.1 trillion spending measure Congress passed on Dec. 18, he wiped out a 35-year-old tax imposed on foreign investors in the U.S. The measure, which helped avoid a government shutdown, now treats foreign pension funds the same as their U.S. counterparts so far as real estate investments are concerned. While it’s hard to predict specifics, there could be broad consequences on residential as well as commercial property prices around the country. (more…)