To say the former Sandman Motel in Anaheimย had fallen into disrepair would have been an understatement. The rooms inside the motel, built in 1956 on Lincoln Boulevard, were dirty and smelled of smoke.ย It was a refuge for petty crime and squatters. From 2012 to 2016, police were called 345 times for service,ย Anaheim spokeswoman Lauren Goldย said. Read more..
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Activities for the 4th of July

Happy Fourth of July
Safety Tips for the Fourth of July

The Fourth of July is one of the most popular holidays in the United States and is ubiquitous with BBQ gatherings, parades, and of course, fireworks. As you prepare for this yearโs Fourth of July celebrations, here are some safety tips for the Fourth of July to help keep you and your loved ones safe:
Most folks, most of the time, have not and will not experience these (admittedly) scary statistics. Fourth of July should be a fun time spent with family and friends in celebration of our nationโs birth, rather than feeling worried or stressed about possible accidents. However, knowledge is power, so keeping the following in mind can help you better plan your activities in a way that prevents mishaps.
FOURTH OF JULY FIREWORKS STATISTICS
- 3 states ban all consumer fireworks (Delaware, Massachusetts, and New Jersey)
- 67% of all annual fireworks injuries take place within a month of July 4th
- On average, 800 people go to the emergency room with fireworks-related injuries
- 400 people are killed in Fourth of July car crashes each year
An estimated 19,500 fires started by fireworks were reported to local fire departments in the US during 2018. These fires caused five civilian deaths, 46 civilian injuries, and $105 million in direct property damage.
(See NFPA Research for all statistics.)
SAFETY TIPS FOR THE FOURTH OF JULY:
SPARKLERS AND FIREWORKS
- Always supervise young children and donโt allow them to handle lighters.
- Do not point fireworks at yourself or others.
- Never attempt to relight a โdudโ.
- Keep water or a fire extinguisher nearby
- Never light fireworks near homes, garages, buildings, or structures that could catch fire.

GRILL SAFETY TIPS
- Clean your grill and check gas tank hose lines for propane grills.
- Always follow manufacturer recommendations.
- Keep your grill at least 10-feet away from structures and deck railings.
- Never leave a lit grill unattended.
- Be prepared to extinguish grease fires using baking soda (not water!) or a fire extinguisher or bucket of sand for all other fires.
POOL SAFETY TIPS
- Clean your pool and make sure chemicals are at proper levels, and circulation and filtration systems are in recommended working order.
- Designate a lifeguard and never leave children unattended.
- Create and enforce pool rules.
- Become certified in CPR.
- Have a phone nearby for emergencies
ENTERTAINMENT SAFETY TIPS
- Drink responsibly.
- Watch out for the safety of your guests.
- Beware of hidden insects.
- Follow local fireworks laws.
(Check out these tips for getting your home Fourth-of-July ready)
And now that youโve brushed up on staying safe, donโt forget to have a fun-filled Fourth of July weekend!
This California Home Is Designed For The Era of Social Distancing
Jealous of this gorgeous property? With mortgage rates at all-time lows, this could be the opportune moment to sell your current home and move up to yourย DREAM house
THIS CALIFORNIA HOME IS DESIGNED FOR THE ERA OF SOCIAL DISTANCING
The contemporary hillside house has freestanding guest โpodsโ and plenty of indoor-outdoor spaces.
By VANESSA LAWRENCESEP 3, 2020
Douglas Friedman
Way back in 2016โlong before the phrase social distancing was a part of the lexiconโGeorge Bevan conceived of a contemporary home for a middle-aged couple with three almost-adult children in the hills of Sonoma, California. Seen through the lens of 2020, it turns out that the final design is a nearly perfect match for the many challenges the current pandemic presents.
The owners are based in Chicago but have business interests on the West Coast and an appreciation for wine that made Sonoma a natural fit for a vacation spot. They fell for a 21-acre parcel of land overlooking the town of Sonoma; the property was owned by the Sonoma Land Trust, who sold it to the couple but with a conservation easement that only allowed for 10,000 square feet of disturbed ground to protect the majestic oaks and other native vegetation.
As the principal of the architectural firm Bevan Associates, which has been based in Sonoma since 2003, Bevan understood the responsibility of constructing a new build in the midst of nature and was up to the challenge. Instead of thinking of the home as staking its claim on the property, he envisioned it as a series of separate buildings, connected by a snaking walkway, that worked around the natural bounty.

The main entrance of a Sonoma, California, house designed by George Bevan. The custom exterior shou sugi ban siding is by Delta Millworks, the windows and doors are by Fleetwood Windows & Doors, and the entry lighting is by Bega.Douglas Friedman
โWeโre actually strategically placing things in the environment versus clearing,โ Bevan explains. โIt was about understanding the site where you need to have a delicate footprint, where you have to surgically go in, and how will that actually work? How will the architecture respond to that?โ
Relying on a succinct group of materialsโconcrete, shou sugi ban wood, glass and steel accentsโBevan created one main building to house the living room, kitchen, main bedroom and bathroom, and offices, and two separate guesthouse โpods,โ or freestanding 350-square-foot rooms with their own entrances. There is also a pool, a poolhouse โpod,โ and an 800-square-foot garage for the husbandโs vintage sports cars. The floor-to-ceiling glass windows in the public rooms in the main house and the guest pods fold open completely to allow for cross ventilation and an indoor-outdoor way of living. Bevan also chose the finishes throughout the homeโs interiors, while the couple selected their furnishings in consultation with him.
Here, Bevan walks us through the process of building a hillside home for the future.

In the living room, the sofa sectional is by Roche Bobois, the cocktail table is by Timothy Oulton, the rug is by Tufenkian, and the lighting is by RH, Restoration Hardware.Douglas Friedman
ELLE Decor: What was most important to your clients, both visually and functionally, about the house? And how did you feel when you saw the land?
George Bevan: It was always, How can one live here? Itโs wooded. Itโs never been built on before. I said, โWouldnโt it be interesting to do these pods where the guests actually have to walk outside and have their own little place?โ But yet be a part of the same house. And I have to hand it to the clients. They were pretty โeyes wide openโ because they hadnโt built before. It was sort of a jokeโand they give me a hard time all the timeโbut they said, โYou really sold us on a very simple place where weโre just placing things in the existing forest, and now we have this.โ But it was based on entertaining. It was based on a casualness in the house, not being too precious about it. I actually wanted you to almost drive right past it and not see the house. And so it steps and engages the hill in certain ways so we could save certain trees; it also sits quietly nestled with arms open to the view.
ED: So the idea for these pods was driven as much by the reality of the landscape as it was by the clients?
GB: Totally. It had to be. Because of the slope and the tree placement. So to stagger them, whether vertically or horizontally, we identified where the pods needed to be given the distinct terrain.

In guest pods one and two, the shou sugi ban siding is by Delta Millworks, the outdoor furnishings are by Design Within Reach, the linens are by Brooklinen, the pillows are by RH, Restoration Hardware, and the interior lighting is by Vipp.Douglas Friedman
ED: Is this common for your projects in Sonoma? That theyโre built on virgin land so you have to keep ecological concerns top of mind?
GB: Sonoma is not Napa. Thereโs a very different personality to itโitโs a little more understated, a little more relaxed, and a little more country. And these kinds of lots are becoming available, with easements. This one had an existing deer trail. But whoever you work with, you have to be open-minded. I think a lot of people in the Sonoma area are asking to have just as much outdoor space as indoor, from a pure lifestyle standpoint. So the bedrooms here, theyโre not big. The clients said, โWeโre just sleeping in those, George. We want to be outside, and weโd rather put some money into the pool experience.โ
ED: In some ways it reminds me of a hotel, in terms of how the spaces are divided up. Were you thinking about how people move through spaces that are secondary homes, as opposed to their main home?
GB: Exactly. Everyone should feel like theyโre on vacation in this house. That covered walkway is the spine between the parking area and everything else; you can enter the main spaces or you can veer left into each of the โhotel rooms,โ basically. So guests donโt have to go into the main house and be inconvenienced by anything, they can just park and walk down the main path and enter door number one if they want. And then it continues to the poolโyou can grab a towel and jump in without going through any public living space at all.

In the dining area, the table and chairs are by Pininfarina, the rug is from Tufenkian, the lighting is by Gabriel Scott, and the floors are by California Wood Floors.Douglas Friedman
ED: Tell us about the materials you choseโmany of them are natural.
GB: A lot of our work uses a natural palette. And I know a lot of people are using shou sugi ban [charred wood], but these clients didnโt just plug into the trend of it. They actually were interested in the science behind it, as in, โThatโs crazy, we live in the hills and weโre gonna do a wood-sided house, and what about rot and birds slamming into it and mice and everything else?โ We worked with Delta Millworks out of Austin. Our sandbox was oak floors, concrete, glass, and some siding. What could we do with that? And thereโs times in any project where a client comes back from somewhere or sees something, and says, โHey, this is a crazy idea…โ and you sort of have to, as a professional, guide them and remind them of some of the constraints, that this will look beautiful without adding more.
ED: How did you use the flow of the buildings to shape someoneโs view of the surrounding landscape as theyโre moving through this home?
GB: That should be the gift. That should be selfishly for each person to enjoy, to have these framed views and these lenses that the home can create and lead you to. Even that kitchen windowโwhen you walk by the entry, the kitchen window pockets open. So even from the start, you arrive, you drop your bags, and you see a snippet of whatโs to come. This is how weโre going to treat the view. Each person can have their own little framed view that they can enjoy during their visit.

The outdoor furniture alongside the infinity pool is by RH, Restoration Hardware.Douglas Friedman
ED: That infinity-edge pool is so dramatic. Tell me about that placement.
GB: Pools and patios are always tough on hillsides. They donโt necessarily have to be massive. This pool in particular is interesting. If you and I were standing in the living room facing out to the pool area, you canโt see it. We had a dialogue about when to introduce the pool [in the viewerโs eye level] from the living room, all the way down to the color of the plaster and the tile around it. Itโs a water feature more than it is a pool: At rest, itโs a direct reflection of the changing sky, and it totally changes throughout the day.
ED: Construction-wise, what were some of the trickiest things to place and build?
GB: Itโs on a hillside, and itโs virtually all one level aside from the offices. There are no more than three steps anywhere in the layout, and theyโre spread out. I want you to leave saying, โThatโs a flat site.โ You donโt even realize when youโre going up a couple of steps here and there. Youโre moving to and from places that seem relatively flat and level. And all of a sudden, it adds up to 15 or 18 steps, eight or nine feet, and itโs easy for someone to climb.
10 Landlord Responsibilities You May Have Overlooked

If you own real estate and decide to lease it out to someone else, then congratulations: you are now a landlord in the eyes of the law. Whether you lease out a single family home or apartments in a multiplex building, there are many landlord responsibilities that come with the territory.
Some duties seem clear, like collecting rent or finding tenants for a vacant unit. Others, however, may be less obvious. The more you learn, the more success you will have with your real estate investments. Letโs examine 10 landlord responsibilities you may have overlooked.
1. Knowing the Landlord-Tenant Laws for Your Jurisdiction
Ignorance of the law is no excuse. Itโs your responsibility as a landlord to know and understand all tenant-landlord regulations for your city and state. Landlords can be (and often are) sued for not obeying their stateโs laws, even if they werenโt aware they existed.
2. Preparing a Legal Lease Document
The lease agreement and any other legal paperwork is all part of a landlordโs duties. Itโs your responsibility to ensure the rental contract is legally written and abides by all laws. Leasing periods, monthly rental rates and tenant names must be clearly indicated. In some jurisdictions, legal disclosures, such as security deposit details, must be included. The lease should also contain all appropriate clauses, such as advising tenants to purchase rentersโ insurance. Many states have required language that must be included, such as the Meganโs Law clause in California lease agreements.
3. The Duty to Deliver Possession
Once a lease contract is signed, it is the landlordโs responsibility to deliver possession of the rental unit to the tenant on the agreed-upon date. The unit must be in move-in condition and any previous tenants must have vacated the premises.
4. Implied Warranty of Habitability
Another obligation is to make sure the rental unit is in a safe, habitable condition. The property must not have any serious deficiencies, and any supplied appliances, fixtures, plumbing and heating must be in good working order. The property must be free of insects and pests. Landlords are generally responsible for getting infestations under control, even if they occur after tenants have moved in, although in most states landlords can avoid this by specifying in the rental agreement that pest control is the renterโs responsibility.
5. Respect the Tenantโs Right to Quiet Enjoyment
According to most landlord-tenant acts, tenants have the right to quiet enjoyment โ meaning to have the benefit of living in their home without being disturbed. Once a tenant has possession of a property, the landlord may not interfere with this right. Itโs therefore the landlordโs responsibility to ensure he or she does not enter the rental unit without proper notice (usually 24 โ 48 hours, except in emergencies). When a landlord enters the rental property, it must be at a reasonable time of day and for a valid reason.
6. Completing Repairs in a Reasonable Time Frame
Tenants have the responsibility of reporting any repairs that need to be done. Landlordsโ responsibilities include responding to these reports and completing repairs in a timely manner. Urgent repairs should be done right away, while minor issues can be addressed more conveniently. But beware that unrepaired damage tends to cause more damage, and tends to encourage tenants to vacate the rental property.
7. Providing Safety Measures
It is your duty to protect your tenants, to a point. In some jurisdictions, landlords must provide specific safety measures. These may include fire and carbon monoxide detectors, fire extinguishers, front door peepholes, deadbolt locks on exterior doors and window locks.
8. Reporting Crime
If a landlord becomes aware of any criminal activity taking place in one of their rental units, they must report it to authorities. For example, some landlord-tenant acts have specific laws that can find a landlord liable if their property is used for dealing or creating drugs.
9. On-Site Property Management
In some states, the law requires on-site property management of multiplex buildings of a certain size. In California, for example, landlords must provide on-site management of all residential rental buildings of 16 units or larger.
10. Responsible for Property Managerโs Acts
An often-overlooked concern is that you can be liable for your property managerโs acts, including illegal ones. If a property manager does not follow local landlord-tenant laws and a rental application is refused based on their religion or race, for example, the landlord can also be held responsible. Stay up-to-date on your rental propertyโs operations and keep a watchful eye on anyone who works for you.
Being a landlord involves a steep learning curve when starting out, and the laws arenโt always simple. Taking the time to learn about your responsibilities as a landlord can mean the difference between earning a nice profit and losing money โ or worse. Protect yourself by learning the laws that apply to you and surrounding yourself with a team of professionals.
Do you know of any landlord responsibilities that many new landlords overlook? Which obligation surprised you when you first became a landlord? Share your comments below!
The Surging Real Estate Market Continues to Climb

Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index leverages a weighted average of four key components of the housing industry by tracking each of the following:
- Housing Demand โ Growth in online search activity
- Home Price โ Growth in asking prices
- Housing Supply โ Growth of new listings
- Pace of Sales โ Difference in time-on-market
The index compares the current status โto the January 2020 market trend, as a baseline for pre-COVID market growth. The overall index is set to 100 in this baseline period. The higher a marketโs index value, the higher its recovery and vice versa.โ

The graph below charts the index by showing how the real estate market started out strong in early 2020, and then dropped dramatically at the beginning of March when the pandemic paused the economy. It also shows the strength of the recovery since the beginning of May.Today, the index stands at its highest point all year, including the time prior to the economic shutdown.
The Momentum Is Still Building

Though there is some evidence that the overall economic recovery may be slowing, the housing market is still gaining momentum. Zillow tracks the number of homes that are put into contract on a weekly basis. Their latest report confirms that buyer demand is continuing to dramatically outpace this same time last year, and the percent increase over last year is growing.Clearly, the housing market is not only outperforming the grim forecasts from earlier this year, but it is also eclipsing the actual success of last year.
Frank Martell, President and CEO of CoreLogic, explains it best:
โOn an aggregated level, the housing economy remains rock solid despite the shock and awe of the pandemic.โ
Bottom Line
Whether youโre considering buying or selling, staying on top of the real estate market over the coming months will be essential to your success.
Why Is It so Important to Be Pre-Approved in the Homebuying Process?

You may have heard that pre-approval is a great first step in the homebuying process. But why is it so important? When looking for a home, the temptation to fall in love with a house thatโs outside your budget is very real. So, before you start shopping around, itโs helpful to know your price range, what youโre comfortable within a monthly mortgage payment, and ultimately how much money you can borrow for your loan. Pre-approval from a lender is the only way to do this.
According to a recent survey from realtor.com, many buyers are making the mistake of skipping the pre-approval step in the homebuying process:
โOf over 2,000 active home shoppers who plan to purchase a home in the next 12 months, only 52% obtained a pre-approval letter before beginning their home search, which means nearly half of home buyers are missing this crucial piece of paperwork.โ
This paperwork (the pre-approval letter) shows sellers youโre a qualified buyer, something that can really help you stand out from the crowd in the current ultra-competitive market.
How competitive is todayโs market? Extremely โ especially among buyers.
With limited inventory, there are many more buyers than sellers right now, and thatโs fueling the competition. According to the National Association of Realtors (NAR), homes are receiving an average of 2.9 offers for sellers to negotiate, so bidding wars are heating up.
Pre-approval shows homeowners youโre a serious buyer. It helps you stand out from the crowd if you get into a multiple-offer scenario, and these days, itโs likely. When a seller knows youโre qualified to buy the home, youโre in a better position to potentially win the bidding war and land the home of your dreams.
Danielle Hale, Chief Economist for realtor.com notes:
โFor โa buyer in a competitive market, itโs typically essential to have pre-approval done in order to submit an offer, so getting it done before you even look at homes is a smart move that will enable a buyer to move fast to put an offer in on the right home.โโ
In addition, todayโs housing market is also changing from moment to moment. Interest rates are low, prices are going up, and lending institutions are regularly updating their standards. Youโre going to need guidance to navigate these waters, so itโs important to have a team of professionals (a loan officer and a real estate agent) making sure you take the right steps along the way and can show your qualifications as a buyer at the time you find a home to purchase.
Bottom Line
In a competitive market with low inventory, a pre-approval letter is a game-changing piece of the homebuying process. If youโre ready to buy this year, reach out to a local real estate professional (who can also connect you with a trusted lender) before you start searching for a home.
V-Shaped Housing Market Recovery in July 2020
August 24, 2020By: Scholastica (Gay) Cororaton
Several indicators point to the quick recovery of the housing market from the pandemic slump during April and May, with home sales on an annualized rate in July now above the February level. Indicators gathered from a survey of REALTORSยฎ that are reported in the August REALTORSยฎ Confidence Index Survey also show that homebuying demand is strong, which means that the rebound in sales as a result from the end of shelter in place measures is likely to be sustained in the coming months.
Existing-home Sales Now Above Pre-pandemic Level
Existing-home sales rose a record 24.7% in July to an annualized rate of 5.86 million, which is higher than the pre-pandemic February level (5.76 million). On a year-to-date basis, existing-home sales (2.917 million) are just 5% below last yearโs seven-month period level (3.062 million). The median existing-home sales price rose 8.5%, to $304,100, as demand strongly absorbed the supply coming into the market. As of the end of July, the level of inventory of homes for sale on the market was only equivalent to 3.1 months at 1.5 million homes, down 21.1% from one year ago.

63% of Properties Typically Sold in a Month
Properties were typically on the market for 22 days, a record low since NAR collected this survey-based information in 2011, according to the August REALTORSยฎ Confidence Index Survey, a monthly survey of REALTORSยฎ on their transactions during the month. One year ago, properties typically sold in 29 days. This is also faster than the median of 36 days in February prior to the coronavirus outbreak. Sixty-three percent of properties sold within one a month, compared to 51% one year ago and 47% in February.

In almost all states, except for North Dakota, Alaska, Louisiana, and Mississippi, properties typically sold within one month. In Nebraska and Rhode Island, REALTORSยฎ reported that properties typically sold in 15 days. Properties also sold quickly in states such as Idaho (17 days), Utah (18 days), Indiana (18 days), Tennessee (19 days), Washington (19 days), Massachusetts (19 days), Arizona (20 days), Colorado (20 days).

Three Client Offers Per Property
Not only are properties selling quickly, but they are also getting more offers. On average, REALTORSยฎ reported nearly three offers per sold property in July 2020, up from about two offers one year ago.

Four Clients Taken on a Home Tour
Demand has outpaced supply. On average, REALTORSยฎ reported taking out four clients on a home tour, up from an average of two clients in February. Meanwhile, on average, REALTORSยฎ reported listing only nearly two properties in July, although this is up from about one listing in April.

First-time Buyer Share Rose to 34%
Whoโs buying? In part, first-time homebuyers, which made up 34% of homebuyers in July 2020, up from 32% one year ago. Mortgage rates are at ultra-low levels, with the 30-year fixed rate averaging 3.02% in July 2020. The strong price appreciation has increased the monthly mortgage payment to $1,049 on a home purchased at the median sales price of $307,800 and financed with a 20% down payment loans, but this is just a little higher than the median rent of $1, 035. Concerns about safety and social distancing may also be increasing the demand for homes.


REALTORSยฎ Buyer Traffic Index Shows Strong Demand
Compared to one year ago, about 4,000 REALTORSยฎ reported that buyer traffic was broadly โstrong.โ The REALTORSยฎ Buyer Traffic Index hit 71 in July, about the same level in February (72), after the index fell to below 50 in March and April.1 The housing market recovery has been relatively swift compared to the pace of recovery during the Great Recession when the Buyer Traffic Index stayed at below 50 from 2008 through 2011. Meanwhile, supply is broadly โweakerโ compared to one year ago, with the REALTORSยฎ Seller Traffic Index trending below 50.

Respondents from all states reported that market conditions were broadly stable or strong, except in North Dakota which continues to be impacted by the drop in crude oil prices.

1 The index measures homebuying activity in the reference month (July) compared to one year ago. An index above 50 more respondents reported that home searching activity rose compared to one year ago than the number of respondents who reported a decline.
New Breweries in O.C.

Though the landscape is not ideal, a few breweries have opened in the past few months. Hereโs what you might have missed.
Modern Times Leisuretown
549 S. Anaheim Blvd., Anaheim
First announced in late 2016 (yes, 2016!), Modern Times Leisuretown in Anaheim is at last open. Multiple pour stations and spacious landscapes adorn this much-anticipated location of the San Diego native brewery. Complete with a full 15-barrel brewery and a pool (not yet open). New addition to the patio list!
Broken Timbers Brewing Company
2910 E. La Palma Ave., Anaheim
Located where Hoparazzi used to be, Broken Timbers offers some unique beers based on a proprietary yeast strain. It might need some evolution to mellow out some notes, but itโs on the right track for some eccentric beers. The traditional brews are pleasurable, as well. Patio seating on the weekends.
Dog Pawrk Brewing Company
27122 Paseo Espada, San Juan Capistrano
Clever name and tasty beers. Makeshift patio is open on the weekends for you to enjoy a Stray Dog IPA or Crush, a sour ale with refreshing fruit additions.
Flashpoint Brewing Company
7302 Autopark Drive, Huntington Beach
Flashpoint has joined the brewery game in Huntington Beach. Enjoy one of the traditional lagers, such as Helles or German Pilsner, or perhaps a refreshing seltzer on the patio on weekends.
Laguna Beach Beer Company (New Location!)
7631 Edinger Ave., Huntington Beach
LBBC has opened a third location in Bella Terra. A tasting room complete with kitchen for your outdoor pint and bites enjoyment.
Delahunt Brewing Company
1011 Calle Recodo, San Clemente
This is a quiet one that began operations in March but had to delay opening. It has built up an impressive facility that officially opened June.
Capistrano Brewing Company
31721 Camino Capistrano, San Juan Capistrano
Located in the same location as the long-awaited Heritage Barbecue, this tap house gives the backyard barbecue setting a nice touch. The brand is a revival of one that disappeared in the โ90s and is now a project by the same guys who will soon bring us Bearded Tang. Speaking ofโฆ
Bearded Tang Brewing (Coming Soon!)
12885 Beach Blvd., Stanton
Co-owned by Jon Chiusano, formerly of Bottle Logic and most notably of TAPS fame, heads this project. The talent he has acquired, in the front of the house and in production, brings high hopes to Bearded Tang.
Station Craft Brewery and Kitchen (Coming Soon!)
34150 Pacific Coast Highway, Dana Point
Still slated to open this year, we will keep our eyes open for Dana Pointโs first brewery to begin flowing suds.
Cerveza Cito (Coming Soon!)
309 W. 4th Street, Santa Ana
Taking over The Good Beer Co.โs former space, Cerveza Cito is set to open its doors in a month or two. The location was purchased by the grooming product company Sauvecito. While already having many different products and apparel, Sauvecito will now be able to add a beer brand to add to its ever-growing portfolio. Kevin Buckley (formerly of Barley Forge) will be on the brew deck.
The Housing Market Is Booming โ And Itโs Only Just Begun
by First Team Real Estate | Aug 7, 2020 | Real Estate News, Selling | 0 comments
Itโs hard to believe that the real estate market could be booming in the middle of a pandemic. But the fact is, coronavirus hasnโt killed the housing market, itโs helped reveal how viable and healthy it really is. With buyers and sellers continuing to safely and securely close home transactions amid COVID-19, the real estate market is a great bet right now.
Need to see the proof? Letโs review the facts and figures of buyer and seller activity that reveal the housing shortage and bidding wars contributing to a housing boom on pace to continue for several years.
Healthy Buyer and Seller Activity
In July, new home sales surged 55%, experiencing their biggest gain since 2005. In addition, mortgage applications to purchase a home rose 33%, and mortgage refinances jumped 111% compared to last year. Interest rates hit historic lows, dipping below 3% for the first time in 50 years, and encouraged a record number of buyers to purchase homes as Americans are recognizing the true value of a home. Coronavirus has reminded us all how precious our homes are, and for buyers, that means theyโre willing to prioritize housing even as they cut back on other expenses.
Last month, the average home sale price spiked 6%, continuing over 8 years of gains, according to the National Association of Realtors (NAR). Thatโs why right now is the ideal time to sell for most homeowners who have equity because they can cash out for top dollar and then secure their next home for less with a low mortgage rate. Coronavirus has not negatively affected home prices like some expected, in fact, itโs helping them grow. Itโs just simple supply and demand.
Americaโs Housing Shortage
Today, the supply of homes for sale is tight. And with record numbers of house hunters entering the market, they are pushing up home prices. There are two main factors that contributed to our housing shortage, beginning back in 2008. First of all, home builders have been cautious since the Great Recession, building fewer homes every year since the market crash. Since 1959, on average, 1.5 million homes were built each year according to Census Bureau data. However, in the past decade, only 900,000 homes have been built each year!
Second, millions of homeowners understandably chose not to list their homes during quarantine which has shrunk inventory even lower. The real estate market was hit the hardest in March and April and has begun its rebound, but the market has a long way to go.
Millennials homebuyers who are officially ready to enter the market are putting pressure on the limited inventory as well. According to the latest NAR Profile of Buyers and Sellers, millennials by far make up the largest segment of homebuyers, 38% of all buyers. This only makes sense because the average millennial turns 32 this year, coinciding with the median age of a first time home buyer, which is 31. So as millennials continue to hit home-buying age amid our housing shortage, we will continue to experience a fiercely competitive real estate market.
The Bidding Wars Have Begun
Over the past three months, there has been an uptick in bidding wars on the real estate market. Following new regulations for safe home viewings, buyers are continuing their house-hunting despite the pandemic. For example, First Team agents Geoffrey and Lisa Thompson who listed their home for sale during the COVID-19 lockdown received an overwhelming buyer response with multiple offers.
Affordable homes for sale in Southern California nearly always sell quickly, and the high-end luxury market is now following suit, like this Yorba Linda vineyard that sold for $8.75 million in just 4 months with multiple offers. And this $7.25 million beachfront home in Laguna Beach that fell out of escrow in March, but ultimately sold in June with 3 competing offers.
The conditions of low supply and high demand wonโt be solved overnight, which all but guarantees the housing boom weโre currently experiencing has years left to play out. So if youโre ready to sell your home and move onto the next stage in your life, this is the perfect time to do it.
Estafas sobre el coronavirus y cรณmo evitarlas

Un estudio seรฑala un aumento de estafas sobre el coronavirus a nivel nacional, siendo California el estado mรกs afectado
De acuerdo a un estudio realizado por el sitio SocialCatfish.com que toca el tema de las estafas sobre el coronavirus por estado, los cinco estados principales son California (10,938 quejas, un aumento del 110% desde marzo), Florida (7,244 quejas, un aumento del 124%), Nueva York (6,677 quejas un 134%), Texas (6,427 quejas un 122%) y Pensilvania (4,245 quejas , hasta 201%).
A nivel nacional, la Comisiรณn Federal de Comercio (FTC) ha registrado 144.727 informes de fraude que costaron a las vรญctimas $93 millones, una pรฉrdida media de $263 por persona. Las compras en lรญnea ocupan el primer lugar en la mayorรญa de las quejas a nivel nacional acumulando 22,124 informes.
4 estafas comunes de compras en lรญnea que puede evitar durante la crisis del coronavirus:
1. La estafa de los precios inflados: Algunos minoristas estรกn marcando artรญculos esenciales como papel higiรฉnico y desinfectante para manos a niveles exorbitantes. Esto es particularmente atroz con un desempleo rรฉcord, ya que las personas simplemente no pueden pagar $30 por papel higiรฉnico. La ley de aumento de precios varรญa segรบn el estado, pero en promedio es ilegal marcar un producto hasta un 10% o mรกs durante una emergencia declarada. Amazon ha tenido que eliminar medio millรณn de artรญculos para la venta en su sitio web debido al aumento de precios y ha suspendido 6,000 cuentas.
Cรณmo evitarlo: si sospecha que es vรญctima de un aumento de precios, repรณrtelo al Departamento de Justicia en www.justice.gov/coronavirus. Actualmente, el mercado estรก abastecido a precios normales para artรญculos esenciales y es una buena idea planificar con anticipaciรณn una segunda o tercera ola.
2. La estafa de productos no entregados: Hay miles de sitios web que ofrecen productos esenciales, como cubrebocas y guantes que simplemente toman su informaciรณn financiera y de pago, pero nunca le envรญan el producto y ademรกs se quedan con su informaciรณn para futuras estafas.
Cรณmo evitarlo: compre productos de grandes empresas en las que confรญe. Si se trata de una empresa mรกs pequeรฑa, investigue buscando en Google para ver las reseรฑas y si se han presentado quejas.
3. Envรญos con lรญmite de tiempo: Debido a esta estafa, los vendedores estรกn obligados por ley a darle una fecha de envรญo estimada o enviarle sus productos dentro de los 30 dรญas. Hay una excepciรณn para los clientes que abrieron una cuenta de tarjeta de crรฉdito para comprar un producto, lo que les da a los vendedores un plazo de 50 dรญas para enviar su producto. Si hay un retraso en la fecha de envรญo esperada, la compaรฑรญa a la que le comprรณ el producto debe notificรกrselo.
4. Estafa de comestibles gratis: Los estafadores envรญan mensajes de texto a sus vรญctimas diciรฉndoles que acaban de ganar comestibles gratuitos de Costco con un valor de $130. Todo lo que los clientes deben hacer es proporcionar a los estafadores su informaciรณn personal, y supuestamente recibirรกn comestibles gratuitos de Costco en su puerta.
Cรณmo evitarlo: actualmente no hay una cadena nacional de comestibles que ofrezca alimentos gratis. No dรฉ su informaciรณn personal.