Tips on Buying Real Estate with your IRA in Los Angeles – Home Solutions

While most people understand that real estate is an investment, many people are taking advantage of the qualified retirement accounts to purchase real estate as an appreciating or revenue-generating instrument like IRAs. It’s really important to understand the tax implications, legal ramifications, and various other intricacies of purchasing Los Angeles real estate within your IRA. So, let’s dive … Continued

Economic Update – Week of October 18, 2020

Consumer Prices are rising…FAST!! Retail spending saw a V-shaped recovery, but can it last? Low inventory, low mortgage rates, and a large pool of buyers means higher prices and less days on market Consumer Price Index   The Consumer Price Index (“CPI”) rose 0.2% in September and up 1.4% from a year ago.  Energy prices rose … Continued

Economic Update – Week of October 11, 2020

Lower rates are here to stay for the foreseeable future More stimulus is likely needed to keep the recovery on track ISM Manufacturing data shows that things are getting better Jobless claims are improving, but slower than anticipated Fed Meeting Minutes The Federal Open Market Committee consists of members of the Federal Reserve System overseeing … Continued

Economic Update – Week of October 4, 2020

The recession has hit some harder than others, which has been based primarily on socioeconomic status. Over 660,000 jobs were added to the economy, but jobs are beginning to taper off. Unemployment is lower, but a more realistic view of unemployment that includes furloughs and discouraged workers is much higher. Consumer confidence rose to a … Continued

Economic Update – Week of September 20, 2020

Jobless claims saw a moderate decline, but 12.63 million people remain unemployed. U.S. consumer spending appeared to slow in August as extended unemployment benefits were cut for millions of Americans. Data suggest the economic recovery from the Covid-19 recession is faltering. Initial Jobless Claims.  According to the Labor Department, jobless claims totaled 860,000 for the … Continued

Economic Update – Week of September 13, 2020

Consumer prices continue to rise, which is beginning to impact how people are grocery shopping Unemployment continues to fall month-over-month, but there is still a lot to be done as experts anticipate elevated employment for several years Mortgage rates continue to fall, but lack of supply in housing has led to a rise in prices … Continued

Economic Update – Week of August 30, 2020

The US economy saw the worst decline in GDP for any quarter since the Great Depression. California’s unemployment has dropped slightly but is still above 12% (4% this time last year). Pending home sales continue to rise, but low inventory continues to be a problem.  Consumer confidence has dropped to a recent low due to … Continued

Economic Update – Week of August 23, 2020

Existing home sales are booming thanks to historically low-interest rates and a low inventory of houses for sale Initial jobless claims rose to 1.11 million, after falling below 1 million for the first time since the pandemic There are currently 14.84 million people unemployed and looking for work Moratoriums for evictions are going to be … Continued

Economic Update – Week of August 16, 2020

Retail sales are up 1.2% in July but have tapered off since the economy reopened Very little has changed with the Consumer Price Index, but this is mainly because there is a lack of demand for pretty much everything Mortgage rates rose likely because of good news with the economy and coronavirus Corporate bankruptcy are … Continued

Economic Update – Week of August 9, 2020

Previously we talked about how the economy would look as the economy tries to come back.  Early on may people thought it would be a fast recovery or V-shape, but with cases rising fastly throughout July, many think the recovery will be slower than expected.  The longer the coronavirus lingers the longer it will take … Continued

Economic Update – Week of August 2, 2020

I hope all you are staying safe as we continue to venture into uncharted territory with the coronavirus.  The best any of us can do is adapt to the current conditions and look for ways to improve ourselves for what life looks like post coronavirus.  Make sure you continue to practice hygiene and wear face … Continued

Economic Update – Week of July 26, 2020

Existing Home Sales.  Sales of existing homes jumped 20.7% in June compared with May, according to the eternally optimistic National Association of Realtors.  It was the largest monthly gain since the NAR began tracking the data and came after sharp declines over the previous three months due to the coronavirus pandemic.  Sales were still 11.3% … Continued

Economic Update – Week of July 19, 2020

In an unexpected turn the coronavirus has seen some of its highest days in the last 30, despite drops in cases in other countries around the world.  Regardless, this wave will likely be less devastating on the stock market and economic woes as the first one Consumer Price Index. Let’s start with the good news. … Continued

Sell My House in Foreclosure in Los Angeles?

Do you have a Los Angeles California house that’s in foreclosure right now? Many people going through the California foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. The short answer: yes. The long answer: it’s a little more complicated, but usually you … Continued

Selling My House for Cash in Los Angeles

Should you take a cash offer for your Los Angeles house? Not always. I’ll tell you how to sell any property for cash, some reasons to refuse a cash offer – and when you shouldn’t say no. Selling My House for Cash in Los Angeles If you’re selling a property in Los Angeles to an end … Continued