Dr. Jessica Lautz, NAR’s Vice President of Demographics and Behavioral Insights, recently wrote a blog post common millennial myths and tropes when it comes to their financial behavior and mentality about homeownership.
Each city and county in California is required to have a Housing Element and update it at least every eight years. Updating the Housing Element gives the City a clear picture of housing-related issues such as: housing supply and demand, the types of housing available within the City, housing affordability, and homelessness. Once the Housing Element is updated, it must be approved by the California Department of Housing and Community Development (HCD). Updating the Housing Element will ensure that the City meets State requirements and makes it eligible for State grants and other funding resources. It will also provide the community with clear guidance on housing issues facing the city.
On September 30, the statewide eviction moratorium under the COVID-19 Tenant Relief Act (CTRA) came to an end. However, the law will not simply return to its pre-pandemic form. Instead, a new law, the COVID-19 Rental Housing Recovery Act, (the "Recovery Act"), will take its place. Here are the key differences in practices and procedures.
On October 1, 2021, Los Angeles County launched their online Rent Registration System. Rental housing providers with rental units in the County’s unincorporated areas must register their rental units with the County. The Los Angeles Board of Supervisors extended the waiver for payment of the Rent Stabilization Ordinance (RSO) annual registration fee through June 30, 2022, for rental housing providers who register in the County’s Rental Registry System on or before January 1, 2022.