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In a highly anticipated speech on Friday, Fed Chair Jerome Powell said the "time has come" to loosen monetary policy. He cited that inflation has declined "significantly" and the labor market is "no longer overheated." He added that incoming economic data will determine the timing and pace of rate cuts. As a result, mortgage rates ended the week a little l...
As of July 1st, 2024, new leasing laws regarding security deposits in California aim to provide greater protections for tenants and more clarity for landlords. One key change is the cap on security deposits. Previously, landlords could charge up to two months' rent for unfurnished units and three months' rent for furnished units. Now, security deposits are limited to a maximum of on...
California's real estate market is influenced by dynamic forces that continually reshape housing trends, particularly in Los Angeles and Palmdale. Understanding these forces is crucial for homebuyers, sellers, and investors. Economic Factors California's economy plays a significant role in its housing market. Job growth, especially in tech, entertainment, and renewable ene...
The California Gold Rush, sparked by James Marshall’s discovery at Sutter’s Mill in 1848, transformed the Golden State overnight. News of gold spread like wildfire, drawing over 300,000 hopefuls from across the globe. This influx of "forty-niners" led to the rapid development of towns, infrastructure, and eventually, California's statehood in 1850. The gold rush no...
The real estate landscape in California underwent significant changes in 2024, impacting buyers, sellers, and agents alike. As a real estate professional at JohnHart, I’ve seen firsthand how these shifts have reshaped the market dynamics and created new opportunities and challenges. 1. Buyers and Affordability California buyers faced a mixed bag in 2024. A major victory came with legi...
Starting January 27, 2025, the Federal Communications Commission (FCC) will enforce updated rules under the Telephone Consumer Protection Act (TCPA), significantly impacting how businesses communicate with consumers. As a real estate professional at JohnHart, I believe my clients and fellow business owners must understand these changes. What does that mean for you? The new rule enhan...
California’s wildfires leave lasting scars, not just on the landscape but also on homeowners’ property values. If you’ve been affected by these fires, it’s important to understand how they might impact your land value and property taxes—and what steps you need to take to protect your interests. How Wildfires Affect Land Values The aftermath of a wildfire can ...
As a real estate professional with JohnHart, there are moments in the industry that make us say, “I hate when that happens.” While real estate is rewarding, certain challenges can arise that disrupt even the best-laid plans. Here are a few scenarios we’d all rather avoid. One common frustration is last-minute financing issues. Imagine a buyer’s mortgage falling throug...
Recent disasters in California have left families in Pacific Palisades and Altadena grappling with unimaginable loss. Wildfires ravaged their homes, leaving them to pick up the pieces of their lives. But for some, the nightmare didn’t end there—they’ve become victims of identity theft, discovering that fraudsters filed fraudulent FEMA claims under their names. This crime ad...
Owning a home is one of the best ways to build wealth and stability, but for many Californians affected by recent wildfires, homeownership now comes with new challenges. As a real estate professional at JohnHart, I want to help homeowners and future buyers navigate these changes. One key benefit of homeownership is equity growth—as your home appreciates, it becomes a valuable asse...