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City Council limits “mansionization” of single-family neighborhoods

City Council limits “mansionization” of single-family neighborhoods

by: Madeleine Pauker original article: https://www.smdp.com/city-council-limits-mansionization-of-single-family-neighborhoods/181952 The Santa Monica City Council adopted regulations Tuesday that aim to limit the “mansionization” of the city’s single-family neighborhoods, but some residents say the new rules will prevent them from renovating their homes to accommodate their growing families. City […]

Economists: Mortgage Rates Likely to Go Lower in 2020

Economists: Mortgage Rates Likely to Go Lower in 2020

original article: https://magazine.realtor/daily-news/2019/10/07/economists-mortgage-rates-likely-to-go-lower-in-2020 In the last month, mortgage rates have fallen to their lowest monthly averages in more than three years, and economists predict they’ll stay there well into 2020—and even possibly lower. Last week, the 30-year fixed-rate mortgage averaged 3.65%, down 1.06 percentage points […]

Santa Monica Townhome Boasts Decorative Fireplace

Santa Monica Townhome Boasts Decorative Fireplace

Cozy up by the fire and enjoy cool Southern California nights on the large private patio. By Emily Holland, Patch Staff SANTA MONICA, CA — This gorgeous, contemporary townhouse comes with a stunning tiled fireplace that makes the perfect accent to the living room. The 2-bedroom, […]

3 New L.A. Restaurants You Have to Try This October

3 New L.A. Restaurants You Have to Try This October

By Hailey Eber original article: https://www.lamag.com/digestblog/new-la-restaurants-october/ Whether you want a next level-cup of joe or a Cal-Ital spread fit for a king, we’ve got you covered with October’s best new restaurants. Fia This indoor-outdoor Cal-Ital spot from chef Brendan Collins seats 300, but the charming space […]

California Assembly passes statewide rent control bill—governor will sign

California Assembly passes statewide rent control bill—governor will sign

The bill will cap rent hikes at 5 percent, plus inflation By Jenna Chandler California is on the verge of having statewide rent control. Assembly Bill 1482—which will bar landlords from hiking rents more than 5 percent, plus local inflation, in one year—was approved this afternoon […]

Bow West Wraps West Adams Redevelopment

Bow West Wraps West Adams Redevelopment

La Cienega Place By Hannah Madans original article: https://labusinessjournal.com/news/2019/aug/28/bow-west-wraps-west-adams-redevelopment/ The latest addition to the booming Westside is the first completed project from Bow West Capital. The downtown-based developer recently completed La Cienega Place, a 29,000-square-foot creative office space conversion in West Adams, just outside of Culver […]

Fannie Mae: Expect 2 more interest rate cuts this year

Fannie Mae: Expect 2 more interest rate cuts this year

BY MIKE WHEATLEY original article: https://realtybiznews.com/fannie-mae-expect-2-more-interest-rate-cuts-this-year/98755532/ Mortgage servicing giant Fannie Mae says it expects the Federal Reserve to make two more quarter-point interest rate cuts before the end of the year, most likely in September and December. If so, the cuts would likely result in lower […]

Housing markets will do just fine in a recession, economists say

Housing markets will do just fine in a recession, economists say

BY MIKE WHEATLEY original article: https://realtybiznews.com/housing-markets-will-do-just-fine-in-a-recession-economists-say/98755648/ Consumer fears of a recession are growing, and experts say it could cause some Americans to get skittish about possible knock-on effects on the housing market. One reason for that is many Americans remain haunted by memories of the Great […]

Center Lays Groundwork for 20-Year Expansion

Center Lays Groundwork for 20-Year Expansion

by: STEVEN SHARP original article: https://urbanize.la/post/providence-st-johns-health-center-lays-groundwork-20-year-expansion The hospital is planning 10 new buildings featuring healthcare facilities, housing, and retail. A draft environmental impact report published by the City of Santa Monica details plans for a two-decade expansion of Providence St. John’s Health Center. Founded in 1942, the […]

Want to Buy a House? This Is How Many Hours You Need to Work to Afford One in Your State

Want to Buy a House? This Is How Many Hours You Need to Work to Afford One in Your State

BY SHAUNACY FERRO original article: http://mentalfloss.com/article/567626/number-of-work-hours-to-afford-mortgage-each-state-map How much people need to work to afford what is perhaps the most iconic aspect of the American dream—their own house—varies drastically from city to city and state to state. Just as real estate values change with ZIP codes, […]


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