FEBRUARY 2004
WHEN WILL INTEREST RATES RISE?
The American economy had a great third quarter. The productivity of U.S. businesses climbed at its fastest pace in 20 years. Output soared to 10.3 percent, and workers put in 0.8 percent more hours. On the whole, labor costs dropped to 5.8 percent rate, the deepest drop since the second quarter of 1983. There are some more jobs, and payrolls grew for the fourth straight month. There are all kinds of exciting economic indicators, but what do they mean for the home-buying public? More....
DEFENDING
THE LANDLORD
This issue we feature an interview with Gordon Gitlen, Santa Monica Attorney At Law. He boasts 25 years experience in handling real estate and business transaction issues. Here is his point of view on landlord tenant relationships…
JODI SUMMERS: When it comes to landlord tenant rights, what rights does a landlord have?
GORDON GITLEN: Not that many....
INFOBITS…
"Which group has the greatest aspiration for home ownership in America?"Inman News asked in a recent poll.
The answers:
Recent immigrants - 58%
Young urbanites - 17%
Baby boomers - 17%
Young suburbanites - 8%
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INTERESTING CALIFORNIA HOUSING STATISTICS
In the state of California, the median home price is expected to climb 13 percent to $414,000 this year. The median-priced home in the United States cost $177,500 as of August 2003.
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The state's perennial attractiveness to immigrants, both domestic and international, compounds the housing shortage. California's population increased by 591,000 people last year and now totals nearly 36 million, according to a May 2003 report from the state Department of Finance.
