By David on 5/28/2008 3:53 PM
Los Angeles County Assessor Rick Auerbach today announced completion of a decline in value review of homes in Los Angeles County. Auerbach said that due to the declining real estate market, it was his responsibility to review values to make sure homes are properly assessed. “We looked at homes and condominiums that were purchased between July 1, 2004 and June 30, 2007, based on our analysis of market trends in Los Angeles County,” Auerbach said. “The review included 318,000 homes and condos. Our analysis will result in lower assessments on 128,000 homes and condos and will be reflected on the tax bills to be issued in October.” The average reduction in assessed value is about $73,000, he added, amounting to an average property tax savings of approximately $750. “In addition, this review will eliminate the n ...
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By David on 5/23/2008 3:02 PM
Mayor Richard Montgomery of Manhattan Beach has just launched his twice-monthly Coffee Dialogue. You are welcome to stop by and say hello at Peet’s Coffee & Tea (328 Manhattan Beach Boulevard) on the first Monday of every month from 7:00 PM to 9:00 PM. And, on every third Monday of the month, Mayor Montgomery will be at Saxby’s Coffee (210 Aviation Boulevard) from 7:00 PM to 9:00 PM. If you can't make it to coffee (or if you've had enough caffeine for the day!), then email Mayor Montgomery with your questions and ideas at rmontgomery@citymb.info. |
By David on 5/20/2008 8:39 AM
El Segundo wants your input on priority neighborhood improvements, like streets, water/sewer lines, library, sports facilities, street lights, sidewalks, and more. The City of El Segundo’s Capital Improvement Program Advisory Committee (CIPAC) convenes each spring to determine which projects should be constructed in the following year. CIPAC needs input from local residents and businesses to be sure that the City is pursuing the projects that truly meet the City’s needs. Please stop by the public workshop and share your views. Read More »
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By David on 5/9/2008 4:06 PM
The City of Carson recently raised the amount of assistance it offers to first-time homebuyers to $150,000. Carson offers a First-Time Homebuyer Program to Low to Moderate income-qualified households in order to purchase a home within the city. To be elligible, applicants must meet state income limits for moderate income households, must not have owned a home in the last three years, must use the home as the primary residence, and must contribute 3% of the purchase price and up to 3% of the closing costs. Fico Score Requirement 620 Minimum. For more information, visit the website for the City of Carson's First-Time Homebuyer Program. |
By David on 4/30/2008 9:29 AM
After several months of focus by SBAOR, other REALTOR® associations and other pro-business trade associations, the City of Los Angeles is recommending a repeal of the “15% Ordinance”. This ordinance required a bureaucratic waiver for condo sales in Los Angeles (including San Pedro, Wilmington and Harbor City), and a point-of-sale fee for $150 to $500. Read More »
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By David on 4/28/2008 3:52 PM
The South Bay Association of REALTORS® welcomed Mayor Jim Aldinger of Manhattan Beach and Mayor Kelly McDowell of El Segundo to our popular “Breakfast with the Mayor” series on April 24. Each Mayor met REALTORS® from all over the beach cities and talked about issues in their cities and how they impact residential housing in the South Bay. < ...
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By David on 4/28/2008 3:14 PM
The Los Angeles County Board of REALTORS® is hosting its “LACBOR Summit: Transportation and Traffic as it Impacts Housing” this Friday, May 2, starting at 8:30 a.m. An outstanding lineup of panelists will talk about transportation, the traffic crisis in our area, and what REALTORS® can do about it right now. Come learn how your involved in this important issue can improve your business and your community. Click here for a registration form, or call 310-372-8453 for more information. Read More »
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By David on 4/22/2008 3:19 PM
C.A.R. is OPPOSING AB 2678 (Núñez) which will require a state agency to set up a process to require point-of-sale energy efficiency audits on ALL homes and commercial properties in California. These audits will cost up to $400 for homes and ultimately require point of sale energy efficiency retrofits that may cost THOUSANDS of dollars. While C.A.R. appreciates the goal of AB 2678 C.A.R. strongly opposes the point-of-sale requirements in AB 2678 because they fail to achieve the bill’s objectives and, such mandates will further weaken the housing mar ...
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By David on 4/22/2008 2:50 PM
This past weekend’s trip to San Francisco showed a city in the middle of a renaissance, which is leaving it quite different than when we lived there it eight years ago, even though it is still the same in so many other ways – like the rich cultural diversity, economic vibrancy and its focus as a financial, political and social hub in California.  What is most interesting to us to is the newly reborn Ferry Building. Just a decade ago, it was a dark, underused and misunderstood building that a few passengers walked through while ignoring ...
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By David on 4/22/2008 2:15 PM
The Palos Verdes Peninsula Association of REALTORS® made available this handy quick guide for real estate signage laws in PV. In fact, we liked it so much that we will shortly produce a signage law grid for the ten cities in the SBAOR area as well, in additon to the list of real estate signage laws already available here.
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