Mark Ruff, Real Estate Broker

California Is the the Most Expensive State to Be a Homeowner
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California Is the the Most Expensive State to Be a Homeowner This new study has found that California is the most expensive state for housing costs, with homeowners spending 28.84% of their income on housing costs. New York and New Jersey follow closely behind. At the other end of the spectrum, West Virginia is the least expensive state for housing costs, wit...

WRAPUP 1-US new home sales fall, but trend remains strong
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WRAPUP 1-US new home sales fall, but trend remains strong New home sales in the US fell 2.5% in June, but were still up 23.8% year-on-year. The median new house price dropped 4.0% year-on-year. The housing market is showing signs of stabilization, with an acute shortage of previously owned homes underpining demand. Despite rising mortgage rates, the Fed ra...

5 ways to tap into home equity
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5 ways to tap into home equity Home equity levels have increased rapidly over the last couple of years, due to an increase in home values, low inventory levels and high buyer demand. As of the first quarter of this year, 47% of mortgaged residential properties were considered equity-rich, meaning that homeowners have at least 50%...

LA County offers landlords rental assistance. Here's what to know
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LA County offers landlords rental assistance. Here's what to know Los Angeles County has launched a program to provide assistance to property owners who have accumulated debt due to tenant nonpayment of rent during the COVID-19 pandemic. The program is open to landlords with mortgages of less than $1 million, located in unincorporated areas of LA County. Eligibili...

Second Chance for Denied Tenants in CA Rent Relief Settlement

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

Federal Area Median Income Limit Adjustment: More California Homeowners Eligible for COVID-19 Relief Grant of up to $80,000
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Federal Area Median Income Limit Adjustment: More California Homeowners Eligible for COVID-19 Relief Grant of up to $80,000 The California Mortgage Relief Program is providing essential relief to California homeowners who are struggling with housing payments due to the pandemic. HUD recently updated the Area Median Income (AMI) levels, meaning more California homeowners are now eligible for a grant of up to $80,000. The....

Fastest-Growing Cities in the US

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

LA County introduces Mortgage Relief for Mom-and-Pop Landlords
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LA County introduces Mortgage Relief for Mom-and-Pop Landlords The Los Angeles County Consumer and Business Affairs Department has introduced a Mortgage Relief program for Mom-and-Pop Landlords. To qualify for the program, property owners must meet certain criteria such as experiencing financial distress due to COVID-19, owning 1 to 4 units, owning the property...

S&P/Case-Shiller Home Price Index - Los Angeles Aug 2024
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S&P/Case-Shiller Home Price Index - Los Angeles Aug 2024 Customize MarketWatch allows users to create their own personal watchlists and view them once logged in. Those who are not logged in can sign up to get started. If the watchlist is empty, they can visit a quote page and their recently viewed tickers will be displayed.

Apartment Market Fundamentals Remain Strong in Los Angeles Despite a Shifting Market
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Apartment Market Fundamentals Remain Strong in Los Angeles Despite a Shifting Market Priscilla Nee, Executive Vice President of CBRE, reported that the Los Angeles apartment market is cooling as supply meets demand. Rents are down and vacancy rates are up slightly, but new development is outpacing demand. To attract renters, landlords are offering concessions, but investment volumes...

LA County Luxury Market Outlook for the Early-Spring

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

La’s Investment Opportunities in Early-Spring

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

Real Estate Quarterly: Vacancy Rates Soar
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Real Estate Quarterly: Vacancy Rates Soar The North Los Angeles office market saw a rise in vacancies in the first quarter, with the San Fernando Valley having a 19.3% vacancy rate and Burbank having a 15.9% vacancy rate. According to David Solomon of Colliers, this is due to companies not returning to offices consistently and the possibili...

Los Angeles Apartment Rents Continue to Dip In 2023
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Los Angeles Apartment Rents Continue to Dip In 2023 The available data shows that Los Angeles area apartment rents have been decreasing year-over-year, with vacancy rates returning to pre-pandemic levels. Apartments in Santa Monica are the most expensive with one-bedroom units priced at $3,100 per month, while Twentynine Palms is the least expensive....

New LA Mansion Tax’ Has Sellers Racing to Close

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

Los Angeles-Orange County Housing Market Forecast
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Los Angeles-Orange County Housing Market Forecast The Los Angeles-Long Beach-Anaheim Metropolitan Statistical Area (MSA) is the second-largest in the US and 18th-largest in the world, with an estimated GDP of over $950 billion in 2021. This economic success has caused a housing crisis due to lack of affordable housing for its 6.3 million workers. I...

Best Places to Live in LA

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

Hope for LA as International Buyers and Mansion Tax May Boost Sales

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

Growth Forecast for Los Angeles in 2023

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

LA’s Updated Rentals in 2023

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

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Los Angeles In Mid-Winter: The Rental Report

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

Prices dip, but LA homes to remain unaffordable for many
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Prices dip, but LA homes to remain unaffordable for many Reality stars Todd and Julie Chrisley report to prison20% of M&T’s office loans in danger of defaultLil Wayne finds buyer for $28M Miami Beach mansionTransfer tax dries up multifamily financing in LA From left: The Keystone Team's Cyrus Mohseni and CAR's Jordan Levine (Getty, CAR, The Keystone...

Time To Invest In LA Multifamily Market As Sellers Rush!

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

LA Market Hot Due To Low Supply In Early-Winter

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

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Construction Isn’t Meeting Housing Demand in LA

Mark Ruff Mark Ruff is a real estate agent with eXp Realty of California. Check out Mark Ruff's listings or office listings.

Southern California housing market's big shift: sales declines, swooning prices
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Southern California housing market's big shift: sales declines, swooning prices CoreLogic numbers show the median price of a Southern California home — or the price at the midpoint of all sales — fell from the month before for the seventh time in a row, dropping to $686,000 from a peak of $760,000 last spring. Sales for the month fell to 12,751 transactions, down 46.6% year...

L.A.'s new “mansion tax” will spike new apartment construction and raise housing costs
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L.A.'s new “mansion tax” will spike new apartment construction and raise housing costs The property sales tax will discourage new private-sector housing construction, and the funds will be disproportionately steered to favored interest groups who have struggled to build supportive housing quickly and cost-effectively — exacerbating the very problems that the measure was intended to ...