Los Angeles Develops New Incentive to House Homeless

Posted Leave a commentPosted in Housing shortage, Income Property, Legislation

In May, Los Angeles County set into motion a plan drafted in August of last year that would hopefully be the solution to multiple problems at once. The ordinance seeks to create new housing for the homeless through the development of accessory dwelling units, or ADUs. Nonpermitted ADUs have been quite common, and recent changes […]

Majority Believe Home Prices Will Continue Rising

Posted Leave a commentPosted in Buying a new (to you) home., Financing, Market Direction, Statistics

According to a recent Gallup poll, only 10% of respondents believe that prices will fall. The remaining 90% are split between rising and staying the same, at 64% and 26% respectively. In 2009, during the recession, only 22% of respondents believed home prices would be going up soon. Because of rising house prices, about the […]