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Are Luxury Homes a Good Investment?
One might question this notion and it actually holds a little bit of irony. The word “luxury” already gives away that whatever the product is, it is a liability. Luxury, by definition, is expensive, usually a delicacy, elegance or refinement rather than a necessity, so what makes luxury homes a good investment if its purpose […]
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Listing Spotlight | 551 Westmount Dr
This striking 1924 Spanish home with an income-producing duplex that’s surrounded by lush and landscaped greens. This property serves as your home and a passive source of income if that’s what you’re aiming for. The garage has also been converted to a guest studio with a kitchenette and bathroom. Exceptional proximity to prime Melrose Avenue; […]
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August 2022 SoCal Market Update
The Big Story July sees a huge mortgage rate drop and more inventory on the market Quick Take: • In July, the average 30-year mortgage rate declined significantly, by 0.50%, positively affecting affordability. Economists predict that mortgage rates have already seen their peak this year, near 6%, and will stabilize around the current rate of […]
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Are Luxury Homes a Good Investment?
One might question this notion and it actually holds a little bit of irony. The word “luxury” already gives away that whatever the product is, it is a liability. Luxury, by definition, is expensive, usually a delicacy, elegance or refinement rather than a necessity, so what makes luxury homes a good investment if its purpose […]
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Listing Spotlight | 551 Westmount Dr
This striking 1924 Spanish home with an income-producing duplex that’s surrounded by lush and landscaped greens. This property serves as your home and a passive source of income if that’s what you’re aiming for. The garage has also been converted to a guest studio with a kitchenette and bathroom. Exceptional proximity to prime Melrose Avenue; […]
-
August 2022 SoCal Market Update
The Big Story July sees a huge mortgage rate drop and more inventory on the market Quick Take: • In July, the average 30-year mortgage rate declined significantly, by 0.50%, positively affecting affordability. Economists predict that mortgage rates have already seen their peak this year, near 6%, and will stabilize around the current rate of […]
