Category: Real Estate

Share of Households Ages 25-64 Reporting Difficulty with a $400 Unexpected Expense, by Income | Source: Federal Reserve, Survey of Household Economics and Decisonmaking (2017)

NELA Real Estate in 2019: Don’t Push Me ʼCause I’m Close to the Edge*

Bill Hendrickson2644Leave a Comment on NELA Real Estate in 2019: Don’t Push Me ʼCause I’m Close to the Edge*

A Federal Reserve survey showed that 40% of American families would have trouble handling an unexpected $400 expense. And, that’s not just lower-income families. Read on.

Continue Reading

NELA Real Estate in 2018: High Rents Have Cast Nearly One in Five Californians into Poverty 

T.A. Hendrickson2225Leave a Comment on NELA Real Estate in 2018: High Rents Have Cast Nearly One in Five Californians into Poverty 

California prides itself on being a prosperous state. But California has the highest poverty rate of all the states, 19%, according to a measure by the U.S. Census Bureau that looks at the costs of living in each state and the federal aid available to help cope with those costs. Over all, the census figures, […]

Continue Reading

NELA Real Estate: Rents in NELA Are Lower Than in Most of L.A. So Why Do I Feel Squeezed?

Jeffery Marino1486Leave a Comment on NELA Real Estate: Rents in NELA Are Lower Than in Most of L.A. So Why Do I Feel Squeezed?

By all accounts, L.A. is one of the most expensive cities in America. With median home prices in Eagle Rock, Glassell Park and Mount Washington now approaching the million-dollar mark, NELA is officially among the priciest housing markets in L.A. But not everyone on the Eastside is a homeowner. In fact, renters account for the […]

Continue Reading

NELA Real Estate: Echo Park Home Prices Have Been Dropping. Will Prices in NELA Follow?

Jeffery Marino1866Leave a Comment on NELA Real Estate: Echo Park Home Prices Have Been Dropping. Will Prices in NELA Follow?

Echo Park is the only neighborhood on the eastside of L.A. where homes are now selling for less than they did a year ago, according to a review by the Boulevard Sentinel of 10 eastside neighborhoods tracked by Redfin.com From March through May 2018, monthly home prices in Echo Park have declined year-over-year, with the […]

Continue Reading

NELA Real Estate in 2018: Big Money and Big Issues at Stake in Regulating Short-Term Rentals

Jeffery Marino14991 Comment on NELA Real Estate in 2018: Big Money and Big Issues at Stake in Regulating Short-Term Rentals

Los Angeles is awash in short-term rentals (STRs) and neighborhoods in Northeast L.A. are no exception. A recent glance at Airbnb and other STR sites turned up 251 offerings in Highland Park at an average rate of $98 per night, 159 in Eagle Rock at an average rate of $159 per night and 118 in […]

Continue Reading

NELA Real Estate in 2018: Adding a Rental Unit to Your Home Has Never Been Easier

Jeffery Marino1726Leave a Comment on NELA Real Estate in 2018: Adding a Rental Unit to Your Home Has Never Been Easier

Laws passed in 2016 and 2017 have made it easy to convert garages into apartments, renovate back houses and build new free-standing apartments in one’s backyard. Homeowners seem to love the idea: In the year after the new laws took effect, nearly 2,000 applications were filed in Los Angeles for building permits for “accessory dwelling […]

Continue Reading

NELA Real Estate in 2018: Want to Buy a Fixer-Upper? Good Luck. 

Jeffery Marino21901 Comment on NELA Real Estate in 2018: Want to Buy a Fixer-Upper? Good Luck. 

  It’s no secret that many houses for sale in NELA in recent years have been flipped by investors who buy, remodel and quickly re-sell them for big profits. What is (somewhat) surprising is that investor buying remains strong even at today’s high prices – and that homebuyers are still paying up for recently rehabbed […]

Continue Reading