NORWALK Article

NORWALK Article

Written by

June 27, 2019

REAL ESTATE UPDATE:

Credit: www.la.curbed.com

-Current Median Home Value for Norwalk, Ca is $487,982

-Home Values are expected to continue to rise in The LA Metropolitan Area at a rate of approximately 5%.

– Since October 2018, the amount of homes available for sale on the market have increased dramatically (Approximately 30%) and is expected to continue to be abundant throughout this year in these same LA Metropolitan Areas.

FUN FACTS:

Credit: www.abc7.com

Are you a new or expecting parent who needs help finding the best baby gear for your little one? Walmart is hosting an event this weekend that could point you in the right direction and save you some money.

Baby Savings Day will be held at participating Walmart stores on Saturday, Feb. 23, from 10:30 a.m. to 4:30 p.m.

Customers will be able to try out baby products like car seats, crib mattresses, diaper bags, sippy cups and more. They will also be able to talk to specialists to get expert advice about each product and take home samples and coupons.

Here’s a list of participating locations near Norwalk:

-12701 Towne Center Dr. Cerritos, CA, 90703
-9001 Apollo Way Downey, CA, 90046
-4651 Firestone Blvd. South Gate, CA 90280
-2770 Carson St. Lakewood, CA, 90712
-11729 Imperial Highway Norwalk, CA, 90650

NEW DEVELOPMENTS:

Credit: www.norwalk.org

Did you know that The City of Norwalk offers Services for Veterans? Here are a list of Services they provide:

Hometown Heroes Banner Program
In September 2017, City Council reinstated the Hometown Heroes Program, which honors active duty and active reservists living in Norwalk by flying a commemorative banner bearing their name along Imperial Highway for a period of one year.  Banners are free, and are presented to the honoree or his or her family at a City Council meeting after display. To apply, visit http://www.norwalk.org/hometown-heroes.

Wounded Warrior Parking
On Veterans Day, City Council cut the ribbon on the City’s first “Purple Parking” stall.  Wounded Warrior Parking recognizes the sacrifices of soldiers injured in the line of duty through the installation of a reserved parking space with easy access to facilities.  Look for these special marked stalls at City Hall, the Norwalk Social Services Center and the Norwalk Senior Center.

Pets for Troops
This program, offered in conjunction with the Southeast Area Animal Control Authority (SEAACA), provides pet adoption at no cost for active duty and veteran residents.  Adoption includes spay or neutering, micro-chipping and the first set of vaccinations.  The City is also including a complimentary six week obedience course at Petco to facilitate the bond between pet and owner. Adoptions must be made through SEAACA to be eligible. Licensing fees apply. Contact SEAACA at (562) 803-3301 for more info.

Divi Meetup 2019, San Francisco

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Should I Wait For Housing To Crash Further Before I Buy A House? 3 Reasons The End of 2022 Could Be The Very Best Time To Jump In

Prices falling in expensive cities

In two-thirds of major regional housing markets — 98 out of 148 — prices continue to drop, especially in more expensive locations.

We may see expensive markets fall further, which if that happens sooner than later, would make it an excellent time to buy into an expensive market. This wouldn’t have registered as a possibility even a few months back.

It’s difficult to predict if this will happen. And if so, whether falling prices become offset by the federal interest rate hikes practically certain to arrive in the coming months.

The only way to know for sure is to wait until the latest rate hike sets in.

Meanwhile, keep in mind that — as with any investment — it’s best time to buy is usually when prices are low.

‘Deals to be had:’ Homebuyers Should Ask For These Incentives While They Have The Upper Hand

The days of waiving contingencies such as appraisals and forgoing inspections are fading into the rearview mirror. Still, contract activity remains slightly competitive depending on your location.

At least 24% of buyers waived the inspection contingency in December 2022, according to the National Association of Realtors confidence survey, up from 16% a month prior and 19% one year ago. An additional 24% of buyers waived an appraisal contingency in December, up slightly from 16% in November and 21% a year ago.

Home inspection contingencies are particularly important because it can let you know if there’s a deal-breaking issue with the property before a purchase occurs. It can also help you negotiate repairs with the seller, which is becoming increasingly common in today’s market.

“If buyers have this short window to buy where they can get incentives to purchase, [they] would rather buy where they have an opportunity to really think about it, get an inspection, a financing contingency and not feel rushed,” Jeff Reynolds, broker at Compass and founder of UrbanCondoSpaces.com, told Yahoo Finance.