All About California Real Estate

By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for $11,000.00. Thanks to everyone for a great transaction. For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934!
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By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Sausalito for 9,750.00. Thanks to everyone for a great transaction. For any questions about Sausalito property management or buying or selling investment properties in Sausalito, call Broker Christopher Barrow at (415) 637-8934
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By Rob Spinosa, SVP of Mortgage Lending, Marin County
(Guaranteed Rate, Marin County, CA)
How to Rock Second Home or Rental Property?   Mortgage guidelines are positively prehistoric when compared to newer companies like AirBnB and VRBO, which have gained popularity as interest in short-term rentals has increased. But when it comes to getting a home loan on a property that is not your primary residence, you have to state on your mortgage application whether you have a second (or vacation) home or you have a rental (aka investment) property, and there is no middle ground for a "vacation rental."  However, there can be real consequences if you get the classification wrong.   So, let's rock the distinction between vacation home and investment property because if you work with your lender and you know the rules, you can, just like the Long Cool Woman in a Black Dress, have it al...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
Makers Market is June 4, 2022Carlsbad Village The 3rd of 4 Makers Markets for 2022 takes place Saturday June 4 from 9 am until 4 pm., once again hosted by the Carlsbad Village Association. This is the 6th year for the Carlsbad Village Makers Markets with multiple events each year. As in the past, the Carlsbad Village Makers Market will be held on the campus of St. Michael’s By-the-Sea Episcopal Church. St. Michael’s Church is at 2775 Carlsbad Boulevard just south of McGee Park. Attendance is free, and 50 or so artisans will showcase their creations. Don’t forget those credit cards and/or plenty of cash for shopping!   The Makers Market Crafter’s Showcase is a wonderful shopping opportunity, with self-designed and handcrafted items from local and regional artisans. With Father’s Day comi...
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By Christopher Barrow, Is this the year your rental makes PASSIVE income?
(Foundation Homes Property Management & Sales)
The Leasing Team at Foundation Rentals and Relocation just LEASED another property in Mill Valley for 8,700.00. Thanks to everyone for a great transaction. For any questions about Mill Valley property management or buying or selling investment properties in Mill Valley, call Broker Christopher Barrow at (415) 637-8934!
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  The Philly Fed Index dropped from 17.6 in April to 2.6 in May.  This index measures the manufacturing around the Philadelphia area.  This has been see quite a bit this month, so we'll monitor to verify if this is becoming a trend or not.  Initial Jobless Claims rose to 218k.  Housing data continues to disappoint this week, as the Existing Home Sales dropped by 2.4% to 5.61 million annualized units in April.  Lastly, the Leading Indicator dropped 0.3% in April.  Stocks are Mixed today, as Investors continue to worry about shrinking profit margins  and investment dollars are flowing over into MBS.  MBS is currently Up 30bps, as pricing for Mortgage Rates continued to improve.  Today is a first for MBS, which it opened above the 25 DMA.  This is first ti...
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By Raymond Henson, eXp Realty, Realtor
(eXp Realty of California, Inc. (lic. #01878277))
I do enjoy hosting open houses and many times I am surprised at the conversations that I have with those visiting the house.  Mary Margaret helped me stage a house a few years ago.  She added a very large, very nice Scrabble board made by Restoration Hardware on the living room coffee table, then she added words like, home sweet home, to the board.  I thought it was a little over the top, but every person that came through the door that day loved it and had to talk about it.  It is a fun way to get visitors to loosen up and enjoy the open house.When we put our home on the market a couple of weeks ago, we had removed all of our furniture so there was no place to put the Scrabble board.  I was a little worried that I did not have my "ice breaker,"  but everyone did want to talk.  They jus...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Sun Valley, California median list price was $799,000 in March of 2022 gained from $789,900 in February of 2022, and rose 6.0% from $755,000 in March of 2021. While, median sales price for a home and a condo was $845,000 in March of 2022, increased 14.0% from March of 2021 in Sun Valley, California.Houses stayed 45.00 days in the market in March of 2022 down from 50.00 days in February of 2022, and lower from 59.00 days in March of 2021 in Sun Valley, California.The median listing price per square foot of a home and a condo was $555.00 in March of 2022 higher from $542.00 in February of 2022, and jumped 11.0% from $492.00 in March of 2021 in Sun Valley, California.For complete more detailed information about Realtor.com’s latest homes and a ...
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By Endre Barath, Jr., Realtor - Los Angeles Home Sales 310.486.1002
(Berkshire Hathaway HomeServices)
When the platform acts Wonky why not just do a Wordless Wednesday Post? As most of you know I have been posting pictures of an Avocado Tree Holly and I walk by consistently or should I say Daily. Well can you find the fruit or should I say fruits on the tree in the main as well as in the secondary photo? I look forward to your feedback. Wishing you a safe and healthy life and I look forward to your comments. If you are looking for a knowledgeable, focused and goal-oriented Realtor in the Beverly Hills area who will help you achieve your Real Estate goals, please reach out to me directly! If you are looking for a pet friendly Beverly Hills Realtor who can handle and sell the most difficult properties that no one else could, please reach out to me directly!! If you are considering buying ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 10, 2022, Realtor.com reported that in Montrose, California median list price was $974,500 in March of 2022 gained from $949,999 in February of 2022, and jumped 25.0% from $734,000 in March of 2021. While, median sales price for a home and a condo was $1,000,000 in March of 2022, rose 16.0% from March of 2021 in Montrose, California.Houses stayed 61.00 days in the market in March of 2022 increased from 43.00 days in February of 2022, and gained from 49.00 days in March of 2021 in Montrose, California.The median listing price per square foot of a home and a condo was $556.00 in March of 2022 lower from $561.00 in February of 2022, but higher 6.0% from $515.00 in March of 2021 in Montrose, California.For complete more detailed information about Realtor.com’s latest homes and a cond...
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By Bandele Oguntomilade, Top REALTOR, Your Woodland Hills Real Estate Agent 818-825-6996
(Bogun Realty and Luxury Homes)
OPEN HOUSE 1-4PM SUNDAY (5-22-22)  Property:                             19911 Ahwanee Lane, Porter Ranch, CA 91326Virtual Tour:                           www.19911Ahwanee.comOffered At:                             $1,250,000Call:                                        818-825-6996 Property Description:             One-Of-A-Kind Contemporary 5 Bedroom 3 Bathroom Pool Home with Glorious Views - Prestigious Guard Gated Community - The Heights of Porter Ranch CALL 818-825-6996.  VIRTUAL TOUR at www.19911Ahwanee.com.SUBMIT YOUR OFFER NOW. One-of-A-Kind Contemporary 5 Bedroom 3 Bathroom Private-Pool-Home with Glorious Views - A rare find! This picture-perfect open concept two-story 2405sf home on 5675sf lot is conveniently located on a serene cul-de-sac street within prestigious guard-gated ...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
 What’s the Value of my Solana Beach Home? Solana Beach Home Sales for April 2022 Solana Beach is an affluent coastal town just south of Encinitas and Cardiff by the Sea. It’s one of the more expensive coastal communities in North San Diego County. It’s important for sellers and buyers to understand current market conditions in Solana Beach in order to make informed decisions about buying or selling Solana Beach Homes for Sale. READ MORE about the Solana Beach Community:Solana Beach Real Estate The following data are taken from the MLS (private sales are not included, nor are multifamily properties or mobile or manufactured homes). The data are believed to be reliable at the time this report was published, but are not guaranteed. 12 Solana Beach homes sold in April, 3 fewer than last mo...
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By Elaine Stewart, RE/MAX Desert Properties
(Elaine Stewart is the #1 Individual RE/MAX Agent for 12 years straight in the Coachella Valley. (760) 668-2399 )
Palm Desert Luxury Home for Sale 73111 Ironwood Street, Palm Desert, CA 92260 MLS# 219078860  Beds: 6 | Baths: 2|3 | Sq. Ft: 5,200 | Single-Family Home Year built: 2000 | Price: $2,950,000Palm Desert Luxury Home for Sale - 73111 Ironwood Street - Welcome to this ultra-modern, PRIVATE 1/2 acre Desert Estate within walking distance of El Paseo shopping and dining district. You will say WOW when you see it. This walled compound has 5+ bedrooms and 4.5 baths which are broken down as follows: The main house has high ceilings with 3 bedrooms, 2.5 baths, a kitchen which is open to the great room, and a large guest house that has two bedrooms, a large family room, and den and kitchen with eating area all with access to the relaxing pool, spa, fire pit, and custom landscaped desert gardens. The ...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Housing Starts dropped by 0.2% in April, as March data was revised lower (from 1.793 million seasonally adjusted units to 1.728 million).  April's data reported at 1.724 million.  Likewise, Building Permits dropped 3.2% in April.  However, it's March data was revised higher (from 1.870 million to 1.879 million).  April's data came in at 1.819 million.  We'll continue to monitor this data, as we saw yesterday that confidence with Home Builders dipped in May.  This trend could continue.  Meanwhile, there's a massive selloff with Stocks today, as Investors continue to review Corporate Earnings Reports, which many large Retailers are releasing their reports this week.  Many have missed their numbers, which is due to their rising costs (a result from high ...
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By John Pusa, Your All Time Realtor With Exceptional Service
(Berkshire Hathaway Home Services Crest)
On May 17, 2022, California Association of Realtors (C.A.R) reported the single family homes values were increased 4.2% to the price of $884,890 in April of 2022 from price of $849,080 in March of 2022, and rose 8.7% from price of $814,010 in April of 2021 in California.There were 419,040 single family homes sold in California in April of 2022 down 1.9% from 426,970 in March of 2022, and fell 8.5% from 458,170 home sales in April of 2021.The average price for a square foot was $433.00 in April of 2022 jumped from $383.00 in April of 2021 in California.There were 1.8 months supplies of available inventory of single family homes in April of 2022, up from 1.7 months in March of 2022, and higher from 1.6 months in April of 2021.An average it took 8.0 days to sell a single family home in Apr...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Whatever could go wrong, likely will go wrong in Construction?I love this story on how not to do a renovation project. A few years ago one of my best contractors for many years. An easy going guy to say the least. He had an FHA 203k loan project in Lafayette CA, an upscale neighborhood and the borrower found the worst looking property on the entire block. Way to go. He got a good deal, it had a slab foundation with a 4" wide crack running down the middle of the living room. There was obviously no steel in the concrete.They ended up using EagleLift to level the foundation and secure it so it couldn't drift apart again... 20-30 year warranty. When they lifted the footing to level the home the crack mysteriously disappeared. This is an amazing patented product and much better than many of ...
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By Jeff Dowler, CRS, The Southern California Relocation Dude
(eXp Realty of California, Inc.)
What’s the Value of My Rancho Santa Fe Home? Rancho Santa Fe Home Sales for April 2022 It’s essential that sellers and buyers in the Rancho Santa Fe real estate market have current information about local market conditions so they can make educated decisions about Rancho Santa Fe homes for sale, whether selling, buying, or investing.  On average, the Rancho Santa Fe housing market is the most expensive community in San Diego County. There are large estates, gated communities, and luxury and equestrian properties on expansive lots that often are measured in acres. At the time of this report there are 16 properties priced at more than $10,000,000, with 1 listed for $98,500,000! LEARN MORE ABOUT RANCHO SANTA FE:  Rancho Santa Fe - Luxury Home Buyer's Paradise in San Diego Here is a summary...
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By Mike Bjork
(Evolve Bank & Trust)
http://MikesDailyMarketReport.com:  Retail Sales rose 0.9% in April, after a sharp higher revision to March (from 0.5% to 1.4%).  This, on the surface looks very good, but Rick Santelli made a great point about this data.  The point is related to the data not being adjusted for inflation.  The reported data may be over-inflated due to the spike in inflation.  Even Walmart disappointed with their Earnings Reports that was just released yesterday.  More retailers will be releasing their data this week.  In other Economic data, Industrial Production rose 1.1% in April.  The NAHB Home Builders Index, which measures confidence with Home Builders, dropped dramatically in May, as it went from 77 in April to 69 in May.  We'll need to monitor this, as it may indicate that Home Builders may not c...
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By Mike Young, FHA 203k Consultant 916-758-1809
(203kOnLine.com, covering the USA)
Can I just add a garage with an FHA 203k loan?Yes, in fact that is a common use for 203k projects. If you don't have a garage you can add one, that could even be the only work you want to do. That's right. So you have been living in this home for a few years or you are just buying it, if it doesn't have a garage, you can have one built. Here is one where we added a garage. Of course it will be painted to match the home. You can add an attached or a detached garage using the FHA 203k program.Buyer's - If you found your new home, if only it had a garage... you can add one if you purchase this property under the FHA 203k program.Years ago we had a request to build a 6 car garage only to find out when we got there that the home had a built in 2-car garage. He was a car collector and wanted ...
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By Dave and Patricia Zumbrun
(The "Z" Team 4 RE, Inc.)
Hunting for a new Ventura County home online is a great place to start your search. In fact, the National Association of REALTORS® found that 90% of home buyers used their computers at some point during the home buying process to look at properties for sale. But this should not be your end all be all. Good listing agents are excellent at highlighting the best features of the home, However, you need to keep in mind that there may be more than meets the eye. To make the most of your time and efforts and gather a well-rounded picture when house hunting online, keep the following three things in mind.Top Tips for Ventura House Hunting OnlineStay Up to DateWhen you start your search, make sure you find a site that pulls up-to-date listings directly from the multiple listing service (MLS) whe...
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California Real Estate Agents and Real Estate Professionals