Security deposits: – Limited to one month's rent for most housing providers (AB 12). Accessible units: – Local rent control jurisdictions can require accessible units for disabled tenants (AB 1620).
The Los Angeles County Board of Supervisors approved regulations for short-term rentals in unincorporated areas. Hosts with Airbnb or VRBO must register and pay a $914 annual fee. Restrictions include limiting rentals to primary residences, controlling guest numbers, length of stay, and event types. The regulations aim to balance homeowner rights and housing preservation. Continue to full article
LA County supervisors approved new rules for short-term rentals in unincorporated areas. Hosts with Airbnb or VRBO must register annually and pay a $914 fee. Rentals limited to primary residences, with restrictions on guests, stay length, and events. Regulations aim to balance housing availability and neighborhood quality. Fees cover program costs. Regulations apply only to unincorporated areas. Continue to full article
Late-Fall 2023 Median Home Prices: Median price rises across Southern California by 5.1%. County-wise Median Prices (2024): Orange County leads with $1.1 million, followed by Los Angeles, San Diego, Ventura, Riverside, and San Bernardino.
Tax Relief Eligibility: Property damaged by calamity may qualify for tax relief. Proposition 19 Transfer: Allows tax base transfer for substantially damaged properties.
Breaking news! Interest rates at pre-pandemic levels, mortgage rates at all-time low, announces Fed. It's a dream come true for homebuyers who have been waiting for the perfect time to enter the market! Dream on… Happy April Fool’s Day!
Easter is a Christian holiday that celebrates the belief in the resurrection of Jesus Christ.However, according to many theologians, Easter originally began before the arrival of Christianity.It is believed that Easter is named after the Anglo-Saxon goddess of the dawn and spring, known as Eostre.Examples of Easter traditions include Easter eggs and related games such as egg rolling and egg decorating.
A for-rent sign is seen in front of an apartment building in Los Angeles, where rental prices dropped by 2.5% in February 2024. Despite the decline, finding affordable housing remains challenging for many renters, especially young adults. The decrease in rent prices is attributed to a possible drop in demand due to population losses in parts of Southern California. Continue to full article
Many regions in the United States are facing a shortage of affordable housing, with rising costs relative to income. Black and Latino households are disproportionately affected. The insufficient production of new housing units is a key factor in the housing crisis, particularly in California. Recent policy changes in California aim to address the housing shortage by holding local jurisdictions accountable for planning for adequate housing. Continue to full article