- Chernov Team

Our Real Estate Blog

The Ebb and Flow of the Market: Median Price of Homes Reach Record High in Los Angeles County

In May 2019, the median price of condos and homes in Los Angeles County reached $615k), a new record for median price in the county. In the preceding month, April, the median price was just over $600k (this is an increase of roughly 3% from April 2018, and an increase of roughly 1.7% from March 2019); April represented the first time since August 2018 that the median price of homes in Read Full Post »

Vacation at Home: Transform your Backyard to look like a French Vacation

  While it may be changing, most people think of France when they think of vacation; particularly the beautiful landscape and scenery that is often associated with the Country (right behind the Eiffel Tower because, well because it’s the Eiffel Tower). For most of us, traveling across the Atlantic is not something we can afford to do very often… so why not bring that beauty Read Full Post »

Square Footage of New Construction Family Homes as a Proxy for the Economy in General

While the housing market is not always in lockstep with the economy, but it is often a relevant market to consider when analyzing the overall robustness of the economy as a whole; when one is doing well, the other will likely follow suit. As such, many economists view the housing market as a simpler (though still very complex) proxy for the general health of the economy; things such as the total number of home sales, home priceRead Full Post »

Understanding the Enigma that is the California Real Estate Market… Without Raising Alan Turing from the Dead

To outsiders, the California real estate market has been something of an enigma; luckily, we don’t need Alan Turing to crack the code when we have local experts on the Studio City, Encino, and Sherman Oaks market. Ultimately, California real estate has defied the law of averages and is regularly doing either far better or far worse than the rest of the country’s housing market. This year, Read Full Post »

Mortgage Rates Are Going Down, So Why Isn’t Everyone Buying?

In light of the escalating trade wars between the United States, China, and Mexico, investors have been grabbing as many bonds as they can afford. In light of the economic instability, the 30- year fixed-rate mortgage (“FRM”) is down .17% to 3.82% (from 3.99%); the lowest it has been since September 2017. The 15Read Full Post »

Weird Things That Correlate With Housing Prices; An Investor’s Cheat Sheet.

When it comes to real estate, it pays to have an edge; some people have gone very far down the rabbit hole to find things that correlate to housing prices, as an indicator of what the future of the market will hold. This article will briefly discuss a handful of surprising correlations for the savvy investor (we would be intelleRead Full Post »

Remodeling Your Bathroom – Don’t Forget to Plan Ahead

   

You’ve got a little extra money, and you want to reinvest it in your house; it will pay dividends later. You’ve decided that remodeling your bathroom will give you the most bang for your buck; it’s a convenient bonus that you will get to enjoy the benefits of a magnificent bathroom until you sell your home. However, it is wise to approach this project Read Full Post »

Rental Properties: It’s Not As Bad an Idea As You Thought

rent

True wealth begins when your assets begin working for you; property ownership is one of many ways to start putting your assets to work. If you have done well enough to own multiple properties, you have likely considered renting those properties out to increase your residual income (or at least offset the cost of multiple mortgages by receiving rental incomeRead Full Post »

Getting Creative with Limited Space: Gardening Edition

garden Let’s be honest, everybody wants a lavish yard; however, it’s difficult to find an affordable house with a gorgeous yard that is affordable in Studio City, Sherman Oaks, or Encino. We are all familiar with the adage “when life gives you lemons, make lemonade”, and that’s precisely what this article aims to help you with. It’s entirely possible to purchase a home without that luxurious backyard, and still crRead Full Post »

Memorial Day: History Lesson on VA Benefits

It is Memorial Day, a day to remember our fallen soldiers as well as a day to appreciate the men and women who put their lives on the line every day to protect our freedoms. In the spirit of appreciation, this article will briefly discuss the history of VA loans. In 1944, Congress enacted the Serviceman’s Readjustment Act (“SRA”). The SRA provided qualified veterans with a myriad of benefits, but the portion of the SRA tRead Full Post »

Get in touch

Get in Touch