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The Dirt On 2022: 3 Housing Market Predictions for the...

No-one can predict exactly what the housing market might be this year. However, as the local market expert with years of analytical data and anecdotal experience, I will make a few predictions. Continue Reading The Dirt On 2022: 3 Housing Market Predictions for the New Year

The Dirt on the Santa Monica Seller’s Market

Despite the cold weather lately, the housing market here in Santa Monica is still hot hot hot, especially for sellers. Want proof? Let’s take a look at the current Market Action Index (MAI). The MAI gives us a number for the balance between supply and demand using the current rate of sale versus the current inventory. Santa Monica’s current MAI is hovering around 48.… Continue Reading The Dirt on the Santa Monica Seller’s Market

The Dirt on SB 9 Part 2: The Fight Over Zoning Continu...

I’ve heard from most of my friends and clients that they oppose SB 9 and 10 and worry about the consequences of the bills. If you are like most people living in an R1 zoned area you might be happy to learn that some cities in California are pushing back. As you probably recall, senate bills 9 and 10 allow for the building of duplexes and fourplexes… Continue Reading The Dirt on SB 9 Part 2: The Fight Over Zoning Continues

The Dirt On Single Buyers

Unless you have been living under a rock somewhere, you are well-aware that it is not easy to buy a home today. Competition is fierce for the few homes that come on the market each week. With mortgage rates remaining relatively low, plenty of people are seeking affordable homes. Among the hopeful buyers are the rising number of one-person households, whose ranks in the… Continue Reading The Dirt On Single Buyers

The Dirt on SB9 and SB10

California’s severe shortage of housing is driving a couple of Senate bills that have neighborhood associations on edge. Proponents for the bill SB9 believe the housing shortage problem stems from it being illegal to build more middle-income housing in 70% of the state. They believe SB9 is the key to fixing this as SB9 makes two important changes to state law: It allows homeowners… Continue Reading The Dirt on SB9 and SB10

The Dirt on Capital Gains

President Biden is set to work on the next phase of his economic agenda — a sprawling collection of programs that would invest in infrastructure, education, carbon-reduction and working parents. These infrastructure proposals are likely to require trillions of dollars in new tax revenue aimed at large corporations and high-income individuals. While Economists on both sides of the aisle are pleading their cases for,… Continue Reading The Dirt on Capital Gains

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Year End Santa Monica Dirt Numbers and Statistics

2016 is coming to a close and naturally real estate activity has quieted down. The north of Montana Ave. market has remained one of the hotter areas as compared to Brentwood and the Pacific Palisades. The 2016 median sales price for 90402 of $3,743,000 versus the 2015 median of $3,495,000 shows a gain of 7.10%. The average list price was up 3.55% and the… Continue Reading Year End Santa Monica Dirt Numbers and Statistics

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The Dirt on the Persian Palace

  Photo credit:  The MLS.com Do you find the term or words Persian Palace offensive? I’ve been selling real estate for almost 30 years and can assure that none of the Iranian friends, clients and real estate agents that I know personally have any problem with the term. The real estate website Curbed recently ran a piece (rather lengthy but an interesting read, as… Continue Reading The Dirt on the Persian Palace

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