On Wednesday, March 16, 2022, the Federal Reserve announced it would be raising interest rates for the first time since 2018. While the 25 basis point hike (one basis point=0.01%) was largely expected, the underlying shift in Fed policy will impact the housing market, and real estate investors should understand and pay attention to it.
In this article, I will provide a brief overview of what the Fed is doing, why they are doing it, and how it could impact real estate investors. At the
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The Queen of Pop is trying her hand at flipping a house. A year after buying The Weeknd’s Hidden Hills mansion for $19.3 million, Madonna is shopping it around for $26 million.
Interior photos are scarce, so it’s unclear how many changes Madonna made to justify a $6.7-million price increase. The only confirmed upgrade is the barn, which the pop star turned into a gym and Pilates studio.
Spanning three acres, the amenity-loaded compound offers plenty to do both inside and out. The estate
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When Chantal Arnoult moved with her family to France in 2008, she had no idea she would return to Los Angeles four years later, divorced and unable to afford the home that she and her then-husband had purchased for $395,000 in 2002. “I was broke, with two kids and no job,” she said. “I had a long-term renter, so I stayed with my sister and then rented another place. When I refinanced the house, I still couldn’t afford the mortgage, so I rented my house on Airbnb for five years. My kids
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The median home price in Orange County reached $1 million last month, becoming the first Southern California county to ever hit that pricey mark and underscoring just how expensive the region has become.
The threshold was crossed when the Orange County median sales price for new and existing houses, condos and townhomes rose from $985,000 in February to $1,020,000 in March, according to data released this week by researcher DQNews. It constitutes a 22% jump in median price from a year prior.
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Tamara Gustavson — daughter of B. Wayne Hughes, the late self-storage titan who donated a record $400 million to USC — is asking $127.5 million for her prized Malibu estate.
It’s a massive sum, and one that showcases the dramatic surge of Southern California’s luxury market since the turn of the century. Records show Hughes bought the property for $20 million in 2003.
At $127.5 million, it’s the fourth-priciest property on the market in L.A. County, but in a community as affluent as
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This week’s question comes from Rodney through Tony’s Instagram direct messages. Rodney, like many investors, has been told that you need twenty percent down to buy a rental property. Rodney wants to know the best way to fund a property without breaking the bank. He’s asking: Should I save for a down payment or is there a way to get a rental without the twenty percent down? It’s not uncommon for real estate investors to get into deals with far less than 20% down. But, for a beginner, th
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Technological advancements impact the way we exchange goods and services. eCommerce has consistently driven the need for mobile wallets while helping to reduce the need for paper checks or cash.
Apps like Venmo and PayPal have upscaled the usability of mobile wallets by making peer-to-peer money transfers convenient and easy to use. As a result, they’re an excellent fit for paying money to family and friends or paying bills online.
But what about using Venmo or PayPal for collecting r
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The median home price in Orange County reached $1 million last month, becoming the first Southern California county to ever hit that pricey mark and underscoring just how expensive the region has become.
The threshold was crossed when the Orange County median sales price for new and existing houses, condos and townhomes rose from $985,000 in February to $1,020,000 in March, according to data released this week by researcher DQNews. It constitutes a 22% jump in median price from a year prior.
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Happy Lummis Day, L.A.!
What? You haven’t planned your party yet?
Never mind; the city has. Over two decades, L.A., with the help of a foundation and sponsors, has celebrated the life and work of a man who remains a standout figure in a city overrun by them.
Charles Lummis was a passionate convert to the life and culture of Southern California and one of its most fabulous founding characters.
“I am Lummis! I’m the West!” he exulted.
In 1884, he perambulated more than 3,000 miles fr
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At some point, every property owner or landlord will consider the question: “Should I rent to pet owners?”
There are both advantages and disadvantages to allowing pets in a rental unit. Many landlords who allow pets find that the pet owners are generally responsible and are willing to pay more to rent a pet-friendly property. However, letting your tenant’s furry, four-legged friend in the apartment can result in foul odors, excessive noise, and property damage—so it’s wise to know w
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Malibu’s latest trophy home just surfaced for sale on a bluff above El Sol County Beach. The coastal estate is owned by “Yellowstone” actress Barret Swatek and retired hedge-fund manager Adam Weiss, who are shopping it around for $99.5 million.
That’s more than double the $45 million they paid for the property in 2018, records show. At $99.5 million, it’s the sixth-priciest home currently on the market in Los Angeles County and the second-priciest in Malibu.
Weiss and Swatek, who al
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The year was 1999. An exclusive group of multi-billionaires gathered in Sun Valley, Idaho, just like they do every year.
As usual, no reporters were allowed within miles of their gathering. This was a safe place for the wealthiest Americans to freely share ideas, strategize, and break from the rigors and pressures they faced the other 51 weeks in 1999.
But something was different this year.
People were whispering about one of their most revered members.
“Do you think he’s senile? He is alm
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It seems like every media outlet, and perhaps every person on Earth, is debating if the housing market is going to crash soon. While the truth is that no one really knows what’s going to happen, we can examine data and attempt to determine what is most likely to happen.
Personally, I don’t believe a market crash (which I define as a price decline of 10% or more) is the most likely scenario as of now. I think the more likely outcome over the coming years is a significant moderation of
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Maroon 5 frontman Adam Levine quickly found a buyer in Pacific Palisades, selling his prized compound for $51 million. It’s Southern California’s third-priciest home sale so far this year and one of the biggest deals ever in the coastal community.
Levine and his wife, model Behati Prinsloo, bought the park-like estate from Ben Affleck and Jennifer Garner for $31.95 million in 2018 — so the sale marks a huge profit for the power couple. Over the years, other high-profile owners include
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Jim Harbaugh hasn’t coached the 49ers since 2014, but he’s still wrapping up business in the Bay Area. Records show he just sold his home in the affluent enclave of Atherton for $11.78 million.
Harbaugh, who played football at nearby Palo Alto High School in the 1980s, nearly doubled his money on the property. He paid $6.3 million for it in 2012 following the first of his four seasons as head coach of the 49ers before joining the Michigan Wolverines in 2014. He has been shopping the home
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