Sherman Oaks and Studio City homes are starting to experience the early signs of El Niño. Weather forecasters are predicting that the 2016 El Niño is going to surpass that of the ’97-’98 storm that terrorized Southern California almost two decades ago. As El Niño starts to bring in heavy rain, 2016 is predicted to mark the biggest El Niño yet.
2016 marked the beginning of rising interest rates across all industries. For the last 10 years, the Federal Reserve has been assisting the market in order to promote buying. This year that program ends, and we start the slow and steady rise of interest rates. While most industries are seeing a dramatic increase in interest rates, the Real Estate industry has remained steadfast at low and consistent rates which should carry us through 2016.
I had a Q&A session with John Musso, who is nationally ranked 2nd at Wells Fargo Home Lending, to get to the facts about new interest rates. Here’s why the housing market shouldn’t be freaking out about the interest rate changes.
So, you just bought a house? Congratulations! Owning a home is a very exciting, and nerve racking, experience. If you’ve already closed escrow or are about to, that means you can see the light at the end of the tunnel. Cheers! Celebration is in order, but before you start planning your house warming party, there are still a few things you NEED to do in order to set your new home up for success.
Buying a home isn’t just one big decision, its a whole bunch of big decisions. Between keeping track of different houses and mortgage rates and features and neighborhoods.. well it can all be overwhelming. That’s why we’ve figured out which apps you need to download to make your home buying process a little simpler.
It’s time to clean out your gutters and board up your windows. Weather forecasters are predicting the return of El Niño. El Niño is a “super storm” that last wreaked havoc in 1997-98 causing over $500 million in damage. Weather forecasters are now predicting El Niño’s return this winter.
In Los Angeles this means heavy and sporadic rain with extreme winds and a chance of flooding. It also means that it’s time to prepare your home from potential damage. It’s important to recognize that small problems now can turn into expensive repairs later. So, how do you prepare for El Niño this season?
Today’s real estate market might seem to be back at the all time high levels that we encountered five years ago. As a buyer you might think that you should wait and see if the market goes back down before buying. But there might be another approach to keep in mind. This might be a tremendous opportunity to purchase what some in the business call a stale home.