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February 2018 Archives

Home sales sluggish again in January

People bought fewer new single-family homes in January. According to the Commerce Department, sales in this category dropped 7.8 percent during that month to a seasonally adjusted 593,000 units. That was the lowest level since August 2017, and it was the second straight month in which home sales declined. Some believe that this may be a sign of a slowing housing market in California and other states.

Proposed ballot initiative would revise California Proposition 13

In 1978, California voters passed a ballot measure that caps property taxes at 1 percent of the property's original purchase price and limits increases to 2 percent per year. Proposition 13 applies to both residential and commercial properties, but a new ballot initiative would change the state's constitution to tax industrial properties, commercial real estate and land that will not be used for residential development based on their current market values.

Emotions add to the price tag of homes for first-time buyers

The purchase of a first home in California represents an exciting achievement. People typically work and save toward this goal for a long time, but a study produced by the Federal Housing Finance Agency reveals that first-time buyers pay more than veteran home shoppers. Two economists looked at data from 1.7 million housing transactions between 2012 and 2016 and calculated that first-time buyers spent an average of 0.79 percent more than people who had bought homes previously.

Is your business entry closed to those with disabilities?

Unless you deal with your own disability, there are likely many things you take for granted. Getting out of bed and into the shower on your own, driving yourself to work and even reading this article may take little effort. However, some citizens of California face a constant challenge to perform these and other activities.

Barriers to home ownership for younger people

Society may think that young people living in California don't want to buy a home because it would make it harder to buy other things. However, the reasons why younger people don't want to buy a home aren't that out of the ordinary. For instance, many who went through the last recession may be wary about using credit. Therefore, they may not have the credit history needed to obtain a mortgage.

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L. Scott Karlin

L. Scott Karlin

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David E. Karlin

David E. Karlin

David E. Karlin is a California attorney with a primary focus on business and real estate, including law and legal issues...

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Michael J. Karlin

Michael J. Karlin

Michael J. Karlin is a Southern California based attorney whose practice primarily focuses on Entertainment Law. Michael began...

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A recent article on the news concerns a man in Riverside County who allegedly has attempted to obtain money from property owners and businesses based on alleged violations of the Americans with Disablities Act (ADA). Read More

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