Palos Verdes Blog

Jan. 21, 2022

US median rent rose 11% in 2021 due to inflation

Rents increased 3 times the rate of a normal year, in which rents might rise 3-4% overall, according to a new report from online rental marketplace Dwellsy

The median asking rent in the U.S. increased 11 percent over the course of 2021 as inflation hit Americans in full force ...

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Jan. 19, 2022

Is Your Property In A Flood Zone? Find Out In 2 Minutes Or Less!

For most of us, the risk of losing everything in a flood is NOT something we lose sleep worrying about at night.

Flooding disasters tend to be highly infrequent, once-in-a-lifetime events that happen to other people, right?

It’s an understandable bias, because statistically speaking, the average person will never have ...

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Jan. 17, 2022

How a Lien Affects the Real Estate Title

Many people have liens on their real estate. Consider your mortgage—a lien that leverages the home as collateral for your mortgage loan. Other liens, too, can show up in a title search. Homeowners should know what kind of liens might attach to a home they already own, or a home they’d like to buy. Here, we review ...

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Jan. 14, 2022

Estate Planning With a Transfer on Death Deed

New Rules for California Homeowners

A parent and child standing outside discussing important things.

Since 2016, California has been offering homeowners a very simple way to transfer their homes to beneficiaries. It’s called the transfer on death deed — also written as TOD deed, TODD, or beneficiary deed. A TOD deed, where a state allows it, enables a named ...

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Jan. 12, 2022

Encroachments: What They Are & What You Can Do About Them

NYC-based boutique law firm Pardalis & Nohavicka brings the latest legal updates from the world of real estate. Pardalis & Nohavicka handles an eclectic array of matters, representing individuals and business owners in civil litigation, criminal cases and business transactions, currently litigating and representing clients throughout the United States and around the ...

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Jan. 5, 2022

Mortgage Concepts: What triggers repayment of a reverse mortgage?

 

PVH Blog: Mortgage Concepts: What triggers repayment of a reverse mortgage?

Mortgage Concepts is a recurring video series covering best practices and compliance education for California mortgage loan originators. This video discusses circumstances that trigger repayment of a reverse mortgage. For course credit toward renewing your NMLS license, visit  ...

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Jan. 3, 2022

Fed announces a quicker increase to interest rates

 

PVH Blog: Fed announces a quicker increase to interest rates

Fed announces a quicker increase to interest rates

Following yet another month of record-setting inflation, the Federal Reserve (the Fed) has announced during their December 2021 meeting a quicker end to their economic support than previously determined.

The Fed’s goals are to maintain:

  • stable prices — ...
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Dec. 31, 2021

What is a Mortgage Pre-Approval?

In a seller’s market, you increase your chances of landing a dream home if you have pre-approved financing in place. This tells sellers that you’re serious about buying. They will also feel more confident about escrow closing on time. But what exactly is mortgage pre-approval? And how long does it ...

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Dec. 28, 2021

How to Make an Offer on a House (and Win)

You did it. You found a home you know you could be happy in. But do you know how to make an offer on a house that will stand out from the rest? It’s not as simple as you might think. In a sea of other offers, you want the ...

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Dec. 27, 2021

NATIONAL MARKET UPDATE

 
NATIONAL MARKET UPDATE

Existing Home Sales grew 1.9% in November, to a 6.46 million annual rate, landing above 6,2 million for the third month straight. It looks like sales for 2021 are on the way to be the highest for any calendar year since 2006 ...

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