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The Benefits of Becoming an AMLO℠ In October 2023, a case in Missouri concluded with the National Association of Realtors and other entities being convicted of colluding to raise property sales purchase prices. This isn’t news to any practicing agent. Because in the wake of this hearing, more lawsuits followed. And suddenly, an agent’s buyer’s commission isn’t quite...
Judge Rules Controversial State Housing Law Unconstitutional On Monday, April 22, 2024, Superior Court Judge Curtis A. Kin ruled that the California law allowing building on single-family lots unconstitutional. This was a major blow to the State control over local development. SB 9, which took effect in January 2022, allows lots zoned for single-family homes to be split into two lots with...
Not sure if you have been keeping up with all the changes in tenant laws that will take effect on July 1, 2024. As a real estate professional at JohnHart Real Estate, we must stay informed about recent security deposit regulations and tenant rights changes. This knowledge helps us to provide accurate guidance to our clients and ensures that we represent both landlords and ten...
Here is a look at the many luxury enclaves in Southern California. Some Angelenos are bailing out of the city in favor of places that are hotter, dryer, and more remote, into Riverside, San Bernardino, and Kern counties in search of dirt-cheap mansions. In most of L.A., $1 million might not buy a second bedroom. A few hours outside of L.A., $1 million can buy a dream home...
When deciding whether to rent or buy a home in Palmdale, CA, there are several factors to consider. As a real estate professional with JohnHart, I aim to provide a clear understanding to help you make an informed decision that aligns with your financial goals and lifestyle. Financial Considerations Renting in Palmdale offers flexibility with lower upfront costs. The average monthly re...
Palmdale, nestled in the scenic Antelope Valley, offers a vibrant community with a blend of suburban charm and urban amenities. Known for its beautiful desert landscape and stunning views of the San Gabriel Mountains, Palmdale provides numerous outdoor recreational opportunities, including hiking, parks, and golf courses. The city boasts excellent schools, a variety of shopping and din...
Significant changes in real estate agent commissions are scheduled to take effect on August 17, 2024, implemented by the National Association of Realtors (NAR). These adjustments reflect an evolving market landscape and the ongoing discussions about transparency, fairness, and value in real estate transactions. The most notable change is the shift towards a more transparent commission st...
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...
