$30,000 /year
2021 Base Value – Supplemental tax appeal resulted in a permanent 15% reduction. Owner received refunds of over $30,000.
$1,500 /year
2021 Prop 8 tax appeal resulted in a 9% reduction. Homeowner received a refund of over $1,500.
$3,000 /year
2020 Prop 8 tax appeal resulted in a 15% reduction. Condo owner received a refund of over $3,000.
Over $150,000 /year
Covid-19 2021 Prop 8 tax appeal resulted in a 35% reduction based on loss of revenue. Our client received a tax refund of over $150,000
$2,500 /year
2021 Prop 8 tax appeal resulted in a 10% reduction. Homeowners received a refund of over $2,500.
Hotel Sales Sustained a Dismal 2023…
California hotel sales plummeted last year, according to Atlas Hospitality Group, which recently released its 2023 end-of-year hotel sales survey. “The big jump-out is the dramatic or steep decline in number of transactions and dollar volume,” said Alan Reay, president of Atlas Hospitality Group, who’s been tracking California hotel sales for more than 20 years. “This is […]
Rent prices are falling in Los Angeles…
Rents in Los Angeles have dropped 3% over the past year, marking the sharpest decline of any major city in California, according to a new report from the nonprofit news outlet Crosstown L.A.
Cap Rates Approach Peak Levels Despite Tighter Lending Standards and Potential Distress, CBRE Survey Finds
CBRE’s latest survey reveals that cap rates in the commercial real estate market are nearing their peak levels, signaling stabilizing conditions on the horizon, despite challenges posed by tighter lending standards and potential market distress.
California home prices falling most in these cities…
LOS ANGELES – Prospective homebuyers looking for a good deal – we’ve got some good news for you! Although home prices rose nationally 0.3% year over year in February to a median of $415,000, according to Realtor.com data, there are some markets out there where home prices are falling.
California House Prices Plunge By as Much as 40% in Some Areas
Homeowners in parts of California are slashing the price of their properties by as much as 40 percent as they leave behind the explosive home appreciation that characterized the pandemic years. A five-bedroom home in Oakland, California, that was listed for sale for $4.1 million in March 2022 is now once again available on real-estate […]
California utilities can be forced to pay higher property taxes than others, court rules
A state appeals court has overturned a ruling that could have cut property taxes on utility companies in California by $900 million a year, a tax burden that would have been mostly shifted to homeowners. The dispute involves property taxes on the debts faced by utilities for the funds they obtain from local revenue bonds. […]
Home Sales Slide..
Google has announced that they’ll be laying off 12,000 workers, following in the footsteps of Microsoft, Amazon, Salesforce and many other tech companies The housing market has also continued to slide, with sales volumes dropping for the 11th month in a row With the World Economic Forum being held in Davos, Switzerland this week, there […]
Home Prices Drop As Housing Market Cools In NorCal
Three California metro areas are among the housing markets “cooling off most,” according to a recent study from SmartAsset. NORTHERN CALIFORNIA — As mortgage rates rise and home sales decline, housing prices have started to drop in Northern California and across the country. In fact, home prices dropped 0.77 percent from June to July 2022, […]
SoCal home prices fall for sixth straight month
Home prices across Southern California have slipped for the sixth straight month, the result of increasing monthly mortgage rates. Prices in the lower half of the state fell for a sixth straight month in November, wiping out most of the price gains during the first half of 2022, the Orange County Register reported, citing CoreLogic data. […]