The California Legislature is considering a pivotal new bill with potential wide-reaching implications for Los Angeles County landlords. Assembly Bill 246, introduced by Governor Gavin Newsom, is set for a vote in the Assembly on February 15, 2025. This proposed legislation introduces a temporary, more restrictive version of Proposition 33 aimed exclusively…
Read MoreThe City of Los Angeles Housing Department (LAHD) issued its 2025 Annual Bill for rental units earlier this month, and it includes the new Just Cause Ordinance (JCO) fee of $31.05 per unit. This fee applies to all non-RSO rental units in the City of Los Angeles and was due on January…
Read MoreThe California Association of REALTORS® (C.A.R.) projects a 10.5% increase in home sales and a 4.6% rise in median home prices in 2025. Lower mortgage rates and improved housing supply will encourage more buyers and sellers to enter the market, driving increased activity. Key Market Predictions for 2025 Home Sales: Expected…
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