This article is from the California Association of Realtors. https://www.car.org/marketdata/marketminute March 06, 2023 – While the Fed’s hawkish interest rate policy was expected to slow the economy and inflation, recent data continues to suggest otherwise. Despite the ISM services index slowing from the previous month, the service sector still expanded and is keeping pressure on prices. The labor market remains tight and is still not showing signs of deterioration with new weekly […]
Housing Perspective: 2023 Housing Market Outlook by the California Association of Realtors Over the past year, the housing market in California has shifted dramatically and rapidly. At the end of 2020, existing single family home sales totaled more than 500,000 units on an annualized basis—the highest level of transactions in California in over a decade. In 2021, the momentum continued as home sales averaged nearly 450,000 units for the year—a 12-year […]
Link to full report. At the link above is the full September 2021 Economic Report released by SDAR written by Alan Nevin – Director of Economic and Market Research, Xpera Group. Below is a snapshot of real estate data.
Link to full report. At the link above is the full July 2021 Economic Report released by SDAR written by Alan Nevin – Director of Economic and Market Research, Xpera Group. Below is a snapshot of real estate data.
Read the full Value Penguin article here: Since 1971, historical mortgage rates for 30-year fixed loans have hit historic highs and lows due to various factors. Using data from Freddie Mac’s Primary Mortgage Market Survey (PMMS), we’ll do a deep dive into what’s driven historical mortgage rate movements over time, and how they affect buying or refinancing a home. In 1971, the same year when Freddie Mac started surveying lenders, […]
At a signing ceremony in Oakland on October 8, Governor Gavin Newsom signed AB 1482 – Rent Caps and Just Cause. If you are confused about how this new law may affect rental property that you own, please contact us at Pasas Property Management. Here are some basics you need to know: Rent increases in any 12-month period will be limited to 5% plus the change in inflation from April 1 of […]
Summer is a great time for music! Grab friends, family and a picnic – then go check out one of these free summer concerts. Point Loma Summer Concerts. Select dates at Point Loma Park (1049 Catalina Boulevard). https://www.plconcerts.org/ Bird Park Summer Concerts. Select Saturdays in July and August. 5:30-7:30 pm. Bird Park, 28th and Thorn Street (next to Morley Field.) http://www.explorenorthpark.com/post/bird-park-summer-concerts Coronado Summer Concert Series. Sundays, through Sept. 1, 6 pm. Spreckels Park, 7th […]
Imagine buying a property with bitcoin proceeds and then finding out the IRS wants 20%. The IRS has made it clear over the last few years that bitcoin and other digital assets are on its radar. In 2018, the IRS released a notice to remind taxpayers that crypto transactions have tax implications. Read the full article HERE.
The San Diego City Council recently approved a ban on discrimination against recipients of Section 8 housing vouchers. The ordinance allows landlords to use credit scores and other legal means to select tenants. But they cannot say “no” to an applicant based solely on whether they pay rent with a government subsidy. The new ordinance will take effect in 2019. Learn more by clicking here.
Do you know the rules when residents request to have a emotional support or companion animal in their rental home? We recently read an article about this topic on Property Management Insider. Many rental properties are becoming pet friendly, but how do you handle pets that come as a companion animal and your rental property has a no-pet policy? It’s a hot topic, and property managers need to make sure […]