Home prices had a dramatic rise over the past couple years. In February 2022, the average home price across the nation increased by 16.1% compared to last February. In California, home prices are up 13.6% compared to last year, but they’re up 24.4% in Orange County. And all signs point that prices will continue to rise consistently—across the U.S. and in southern California.
Buying a new home is an exciting process. A new home is a new beginning. And you don’t get many chances to start over fresh in life. You can imagine you and your family creating lifelong memories. Overcoming the various obstacles you’ll encounter throughout life. And transforming your house into a home.
“It’s about thirty minutes away. I’ll be there in ten.”— Winston WolfeHave you ever watched Pulp Fiction?It’s one of our all-time favorite movies. And Winston Wolfe is our favorite character.
As of this week, Landlords and Tenants throughout California have entered a new phase of “Property Rights”. Both Landlord and Tenant should become quite familiar with AB 1482, which is being affectionately referred to as ‘Anti-Rent Gouging”, but effectively acts as rent control legislation. Although this law is filled with both new rules and exceptions to the new rules, AB 1482 will, in a nutshell, offer Tenants greater protections against eviction and cap annual rent increases.