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Work has been crazy busy over here at Manhattan Pacific Realty. As a result, I have been struggling to find time to research and write an in-depth blog this week. So, in advance, please forgive me for a shorter post than normal. This week, I am highlighting two big legal and legislative happenings that you should be aware of affecting all residential real estate in California. In future posts, I will do a deep dive into the most impactful changes. Statewide California Eviction Moratorium to End. Governor Newsom Signs Senate Bill 9 and Senate Bill 10. California Eviction Moratorium Ending The statewide eviction moratorium is set to end on September 30th, 2021. Although anything can happen
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I have not written a post about how income properties can be advantageous purchases as an owner-occupier since 2018. I thought it would be a good idea to write a refresher about current properties on the market. It will demonstrate how someone on a budget might be able to get a better location and more for their money. Below, are two posts I quipped back in 2018 for reference: September 2018: Your Home is a Weak Asset; Buy Income Property March 2018: You Should Buy a South Bay Income Property (Not a Single-Family) Newer buyers typically start their home search looking at single-unit properties (i.e., condos, townhomes, and single-family residences) and gravitate towards what they can
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The past couple of weeks have brought calls and texts from clients regarding the latest California Senate Bills to pass in the Senate and State Legislatures. If signed by Governor Newsom, these could become news laws throughout the state. SB9 and SB10 could be another transformative shift in California real estate law, much like we have seen recently regarding ADUs and statewide rent control. I have not studied the bills in depth like I have with other proposed bills, but let me give you a very brief synopsis from local papers. Senate Bill 9 This bill could effectively eliminate R-1 zoning throughout the state, allowing for owners to build duplexes or complete lot splits. Read more
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What the heck do we make of this market? Many news headlines are stating record highs in home prices, while other media outlets are talking about a slow down in real estate at the same time. Even in my blog posts, I have reported incredibly bullish results and news throughout the entire South Bay. See a few posts below that I have written just in the last few months… PVE Valmonte Records: “Valmonte’s Record Sale Driving Submarket to All-Time Highs“ Townhome Price Surge: “South Bay Townhomes Showing Signs of Price Surge“ Redondo Beach New Construction: “North Redondo New Construction Town Home Prices Surge to Huge Records“ Manhattan & Rolling Hills Records: “Record Home Sales on the
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